(MENAFN- iCrowdNewsWire) Global Toy Drones Market is expected to Generate Huge Profits by 2028
iCrowdNewswire Jan 19, 2021 2:24 PM ET
Market Overview
Global Toy Drones Market is projected to exhibit 17.21% CAGR during the forecast period. It is primarily driven by the inclination towards UAVs and the low prices of these drones. Rise of drone enthusiasts and awareness among children can bolster market growth. The miniaturization of processors and increased capacity of toy drones will appeal to all demographics. This is supported by offerings of UAVs online and at special shops.
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Competition Outlook
AeroVironment, Inc., Horizon Hobby LLC, Udirc Technology Co., Ltd, Jianjian Technology Co., Ltd, DJI, Parrot Drones SAS, Skyrocket LLC, Shenzhen Hubsan Technology Company Limited, Drona Aviation Pvt. Ltd, Syma, Guangdong Cheerson Hobby Technology Co., Ltd, XK Industrial Co., Ltd, Aerix Drones, Weili Toys, TRNDlabs and Extreme Fliers are key players of the Global Toy Drones Market .
Segmentation
Global Toy Drones Market is segmented by type, application, and sales channel.
On the basis of type, the market has been segmented into quadcopters and others. The quad copters segment dominated the global market in 2018 and is expected to register the higher CAGR during the forecast period. Flexibility, manoeuvrability, and safety offered by quad copters make them ideal for use by public safety and military personnel.
Regional Analysis
Global Toy Drones Market comprises Latin America, North America, Asia Pacific (APAC), Middle East & Africa (MEA), and Europe.
Europe can witness substantial growth in the global toy drones market owing to lax regulations regarding toy drones. Its ability to collect and store information can lead to the push for kid-based videos and entertainment outputs.
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