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Consumer Drones Market size is set to grow by USD 8.25 billion from 2024-2028, Advancements in sensors and the emergence of low-cost drones boost the market, Technavio

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NEW YORK, Aug. 5, 2024 /PRNewswire/ — The global consumer drones market size is estimated to grow by USD 8.25 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 18.52% during the forecast period. Advancements in sensors and the emergence of low-cost drones is driving market growth, with a trend towards availability of affordable consumer drones. However, stringent government regulations regarding the use of consumer drones poses a challenge. Key market players include AeroVironment Inc., Autel Robotics Co. Ltd., Eachine, EHang Holdings Ltd., GoPro Inc., Guangdong Aircraft Industrial Co. Ltd., Horizon Hobby LLC, Jianjian Technology Co. Ltd., Parrot Drones SAS, PrecisionHawk Inc., Shenzhen Hubsan Technology Co. Ltd., Shenzhen Zero UAV Tech. Co. Ltd., Skydio Inc., Skytech Drone sp zoo, SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Walkera, and Yuneec International Co. Ltd.

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Consumer Drones Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 18.52%

Market growth 2024-2028

USD 8259.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.18

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key countries

US, China, France, UK, and Switzerland

Key companies profiled

AeroVironment Inc., Autel Robotics Co. Ltd., Eachine, EHang Holdings Ltd., GoPro Inc., Guangdong Aircraft Industrial Co. Ltd., Horizon Hobby LLC, Jianjian Technology Co. Ltd., Parrot Drones SAS, PrecisionHawk Inc., Shenzhen Hubsan Technology Co. Ltd., Shenzhen Zero UAV Tech. Co. Ltd., Skydio Inc., Skytech Drone sp zoo, SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Walkera, and Yuneec International Co. Ltd.

Market Driver

The global consumer drones market is experiencing significant growth due to increasing demand and new entrants. DJI, a major player, is focusing on advanced, inexpensive drones with technologies like object sensing and path detection. The declining price of electronic components, primarily in China, enables DJI to reduce drone prices, sparking competition. This price war, coupled with rising per capita income, recreational trends, and business opportunities, fuels market growth during the forecast period. 

The consumer drone market is experiencing significant trends, with technological modifications and navigation technologies leading the way. Hobbyists and enthusiasts continue to drive demand for recreational drones, while aerial photography and production patterns shape consumption patterns. The adjacent market, including law enforcement and novel electronics technology, presents revenue growth opportunities. However, the industry faces challenges such as safety concerns, limited battery life, and high initial costs. Regulatory environment plays a crucial role in shaping the market landscape. Innovative features like integrated gas systems and technological breakthroughs in fixed wing drones and hybrid type drones are transforming the industry. Camera drones, selfie drones, toy drones, entry level drones, mid-range drones, and high-end drones cater to various consumer segments. Start-up businesses and drone racing add excitement to the market. However, privacy concerns remain a significant challenge. The market comprises various segments, including toy/hobbyist drones, nano drones, and consumer drone applications. The regulatory environment, safety concerns, and technological advancements require scenario-based analysis and industry interviews to gain a comprehensive understanding of the market. 

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Market Challenges

The consumer drones market faces regulatory challenges due to the various guidelines set by aviation authorities worldwide. For instance, in the US, the Federal Aviation Administration (FAA) requires users to obtain permission before flying near airports and prohibits drones from flying above 400 feet or in clouds. In Hong Kong, the Civil Aviation Department (CAD) mandates keeping drones at least 30 meters from the public and certain structures if they weigh between 250g and 1kg. Similar rules apply in other countries, such as Transport Canada, the Federal Ministry of Transport and Digital Infrastructure in Germany, the Civil Aviation Authority in the UK, the Civil Aviation Safety Authority in Australia, and the DGCA in France. These regulations may limit consumer drone adoption due to the need for specific certifications, qualifications, or modifications, potentially impacting vendors’ financial performance and market positions negatively.The consumer drone market is experiencing significant growth, driven by hobbyists and enthusiasts seeking innovative features for aerial photography and recreational purposes. However, challenges persist, including the risk of mishaps and safety concerns. Technological modifications, such as navigation technologies and advanced speed systems, aim to address these issues. Regulatory environment and limited battery life are other challenges. The market includes various segments, including camera drones, toy drones, recreational drones, selfie drones, entry-level drones, mid-range drones, high-end drones, law enforcement drones, fixed-wing drones, hybrid type drones, nano drones, and drone racing. Start-up businesses and novel electronics technology continue to shape the industry. Scenario-based analysis, industry interviews, and technological breakthroughs provide insights into future trends. Privacy concerns remain a significant issue. The market includes various players, including Technology Hardware and Integrated gas systems, offering innovative solutions. Safety concerns and high initial costs are major challenges for the market.

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Segment Overview 

This consumer drones market report extensively covers market segmentation by  

Product 1.1 Multirotor1.2 Fixed wing1.3 Single rotorDistribution Channel2.1 Offline2.2 OnlineGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Multirotor-  The consumer drones market, specifically multirotor drones, has experienced significant growth due to increasing demand for aerial photography and non-military applications. These drones, which include tricopters, quadcopters, hexacopters, and octocopters, are popular among hobbyists and professionals for tasks such as aerial photography, video surveillance, and surveying. Quadcopters, with their four rotors, are the most widely used multirotor drones, offering more control for users. However, they have limited flying time and are not ideal for long-distance surveying or inspection. Technological advancements have enabled multirotor drones to carry bigger payloads, including cameras, electro-optics, autopilot, GPS/INS, and sense and avoid systems. With the expanding possibilities in consumer and industrial markets, the global consumer drones market is expected to grow steadily during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The consumer drone market is experiencing significant growth, driven by the increasing popularity of these unmanned aerial vehicles (UAVs) for various applications. Fixed wing drones and hybrid type drones are gaining traction in the market due to their longer flight times and increased payload capacity. Toy/hobbyist drones and nano drones continue to dominate the market in terms of sales volume, catering to the needs of hobbyists and enthusiasts. Start-up businesses are also leveraging novel electronics technology to introduce innovative consumer drone products. Consumer drone applications include aerial photography, recreational purposes, and law enforcement. Photogrammetry is another application gaining popularity, particularly in the construction and agriculture industries. However, privacy concerns and the risk of mishaps remain challenges for the market. Technological modifications, such as improved battery life and collision avoidance systems, are being introduced to address these concerns. The market is also witnessing revenue growth through adjacent markets, such as drone racing and production patterns and consumption patterns continue to evolve. Scenario-based analysis suggests that the market will continue to grow, with hybrid drones expected to gain significant market share in the coming years.

Market Research Overview

The consumer drone market is experiencing significant growth, driven by the increasing popularity of these devices for various applications. Fixed wing drones and hybrid type drones are gaining traction in law enforcement and industrial inspections, while toy/hobbyist drones, nano drones, and drone racing continue to dominate the recreational sector. Start-up businesses are leveraging novel electronics technology and innovative features to bring new consumer drone products to market. Photogrammetry and aerial photography are key applications, with revenue growth expected in the adjacent market. However, privacy concerns and the risk of mishaps remain challenges. Technological modifications, including navigation technologies and advanced speed technologies, are addressing safety concerns. Limited battery life and high initial costs are barriers to entry for some consumers. Camera drones, toy drones, recreational drones, selfie drones, entry-level drones, mid-range drones, and high-end drones cater to different segments. Regulatory environment and technological breakthroughs are shaping the industry landscape. Safety concerns and privacy issues are under scrutiny, with safety features and privacy policies becoming essential selling points.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductMultirotorFixed WingSingle RotorDistribution ChannelOfflineOnlineGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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MatchMove Receives Frost & Sullivan’s 2026 Asia-Pacific Cross-Border Payment and Remittance Solution Technology Innovation Leadership and 2026 Singapore Embedded Finance Company of the Year Recognitions for Advancing Embedded Finance and Cross-Border Payment Innovation

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The company is recognized for its leadership in embedded finance, cross-border payments, and programmable financial infrastructure, enabling enterprises to accelerate digital transformation across Asia-Pacific.

SAN ANTONIO, July 20, 2026 /CNW/ — Frost & Sullivan is pleased to announce that MatchMove has received the 2026 Asia-Pacific Cross-Border Payment and Remittance Solution Technology Innovation Leadership and 2026 Singapore Embedded Finance Company of the Year recognitions in the fintech and digital financial services industry for its outstanding achievements in technology innovation and customer impact. These recognitions highlight MatchMove’s leadership in transforming embedded finance and cross-border payments through a scalable banking-as-a-service (BaaS) platform that simplifies financial services while empowering enterprises to innovate with confidence.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. MatchMove excelled in both, demonstrating its ability to anticipate market evolution, align innovation with customer needs, and deliver scalable financial infrastructure across diverse markets. “MatchMove empowers enterprises with a unified platform for digital wallets, card issuance, remittance, multi-currency settlement, and Web 3.0, enabling seamless and compliant global money movement,” said Dewi Rengganis, Senior Industry Analyst, ICT at Frost & Sullivan.

Guided by a long-term growth strategy centered on digital innovation, ecosystem partnerships, and platform expansion, MatchMove continues to redefine how enterprises embed financial capabilities into their products and services across Asia-Pacific.

The company’s strategic agility and sustained investment in API-first infrastructure, programmable finance, and compliance-by-design have helped it scale efficiently across multiple markets. Its unified BaaS platform combines cross-border payments, card issuance, virtual accounts, fund collection, and payout capabilities into a single ecosystem, allowing businesses to reduce operational complexity, accelerate deployment, and launch scalable financial solutions through one integration.

“Earning both recognitions in the same year reflects what we care about most — that our platform works at the speed our customers need. Every day, enterprises across Asia-Pacific use MatchMove to issue cards, move money across borders, and embed financial services into their products without becoming a bank themselves. That’s a hard problem to solve at scale across multiple regulatory regimes and currencies, and we’ve spent years engineering it to feel simple. This recognition from Frost & Sullivan tells the market that MatchMove is the partner of choice for enterprises serious about accelerating digital transformation through embedded finance,” said Amar Abrol, President and Co-founder, MatchMove.

By simplifying financial services through a single integration point, embedding compliance directly into platform architecture, and allowing intelligent payment orchestration across global corridors, MatchMove continues to address the evolving needs of enterprises, financial institutions, and digital platforms. Its modular architecture, broad application capabilities, and focus on operational efficiency have enabled customers to deploy innovative financial products significantly faster while supporting expansion across more than 200 countries and territories.

Frost & Sullivan commends MatchMove for setting a high standard in competitive strategy, execution, and market responsiveness. The company’s vision, technology leadership, and customer-first approach are shaping the future of embedded finance and cross-border payment infrastructure while enabling businesses to deliver seamless digital financial experiences at scale.

Each year, Frost & Sullivan presents the Technology Innovation Leadership recognition to a company that demonstrates exceptional technological advancement and commercialization, resulting in meaningful market impact and competitive differentiation. The Company of the Year recognition honors organizations that consistently excel in vision, innovation, customer value, and growth strategy while setting new benchmarks within their industries.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

About MatchMove
MatchMove is a Singapore-headquartered Banking-as-a-Service (BaaS) company and one of Asia’s leading embedded finance providers. Through its proprietary, MAS-regulated Banking Wallet OS™, MatchMove lets businesses issue accounts and cards, move payments, and offer lending — embedded directly inside their own apps, without building banking infrastructure or holding their own licences. In 2025, the platform processed over US$5 billion, issued more than 4 million cards, and reaches 200+ payout countries through 100+ partners. Recognised with the Frost & Sullivan 2026 Singapore Enabling Technology Leadership Recognition for Embedded Finance, MatchMove partners with leading banks across the region to bring compliant financial products to market in weeks, not months.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com

View original content:https://www.prnewswire.com/news-releases/matchmove-receives-frost–sullivans-2026-asia-pacific-cross-border-payment-and-remittance-solution-technology-innovation-leadership-and-2026-singapore-embedded-finance-company-of-the-year-recognitions-for-advancing-embedded-fina-302828509.html

SOURCE Frost & Sullivan

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Saber Astronautics releases new spacecraft constellation control and automation software SABER COMMANDER

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SYDNEY, July 20, 2026 /PRNewswire/ — Saber Astronautics today announced the release of Saber Commander, its new spacecraft and constellation operations software.

Saber Commander builds on the operational heritage of the Predictive Ground station Interface (PIGI), recognised in the space industry for pioneering techniques in digital twin and machine learning to manage individual satellites. Saber Commander preserves that foundational heritage while supporting increasingly complex satellites, constellations, and mission requirements in the modern space age.

Originally developed in 2010 and released in 2012, PIGI pioneered new capabilities as Saber’s flagship operations software. Listed as a NASA Spinout, it was the first product globally to successfully solve spacecraft diagnostics using machine learning, allowing operators to learn the root cause of health problems on a spacecraft. 

PIGI represented a new generation of software leading efforts to visualise satellite constellations and was the first Unity game engine digital twin to receive fielding authority by the US Space Force.  This eventually led to the production of Saber’s Space Battle Management System (SBMS) which now serves as the protect-and-defend tool accepted across US Space Force Combat Command Deltas.

“PIGI was about reducing the barrier to entry to satellites, making it easier and safer to fly” said Dr. Jason Held, CEO of Saber Astronautics. “Saber Commander carries that heritage forward, with new automation, visualization, and operational scale that modern satellite constellations require.”

Developed in close collaboration with Saber’s own satellite operators, Saber Commander reflects the company’s direct operational experience through its Responsive Space Operations Centres (RSOC), in Australia and the United States. Saber currently controls 36 tonnes of spacecraft in orbit, giving the company daily exposure to the real pressures faced by mission teams.

That experience shaped Saber Commander around practical needs: faster situational awareness, clearer decision support, reduced manual workload, and automation.

 “Saber Commander takes everything we learned from our first generation of products and turned it into a platform built for the realities of modern space operations,” says Chris Schuck, Head of Product Engineering. “Larger fleets and congested orbits demand a smarter approach. We designed Commander hand-in-hand with operators to bring automation, commanding, monitoring, and situational awareness together into a single platform to reduce operator workload while giving greater confidence and control. I’m incredibly proud of what our team has built, and excited to see what our customers achieve with it.”

Please direct enquiries to: media@saberastro.com

About Saber Astronautics

Saber Astronautics’ mission is the democratization of space, reducing barriers to space flight, and making space as easy as driving a car. Founded in 2008, Saber Astronautics provides operations, mission design services, and related software. Saber has R&D laboratories and mission control centres in the USA and Australia, being a trusted supplier to traditional space and government customers worldwide.

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SOURCE Saber Astronautics

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How Curb Flow Is Driving Growth for Ride Demand and Technology Partners Across the US, UK and Canada

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New data from GoRide partnership shows drivers on Curb Flow spend 26% more time on trips and complete 16% more hired miles

LONDON, July 20, 2026 /PRNewswire/ — Curb, a leading mobility technology provider specialising in metered taxi payment systems, dispatch platforms and demand aggregation solutions, is opening its Curb Flow network to new demand and technology partners across the US, UK and Canada following the full public launch of Curb Flow in London. With the North American network already at scale and London now live, Curb is releasing new data from its GoRide partnership in Washington DC that demonstrates the impact of connecting supply partners to aggregated demand through a single platform.

Curb Flow enables taxi fleets and technology providers, including those operating their own meter and dispatch systems, to integrate with the platform and gain access to demand from sources including Uber, Curb’s consumer app, Taxi Butler, HQ and Gridd. The open integration model means drivers and fleets using existing technology systems can join the network without switching platforms.

GoRide is a taxi technology system provider operating in Washington DC that integrated into Curb Flow as a supply partner, giving its drivers access to Curb Flow’s ride demand. The partnership demonstrates how taxi technology providers with their own systems can connect to the Curb Flow network to unlock additional trip volume for their drivers. In Washington DC, Curb Flow now accounts for nearly half of all trips completed by participating drivers, with some GoRide drivers completing more than 650 trips per month.

These results reflect broader performance across the Curb Flow network. Drivers using the platform spend 26% more time on trips and complete 16% more hired miles, while Curb’s nationwide booking volume has quadrupled since 2023.

Dorel Tamam, Vice President of the Mobile Business Unit at Curb, says: “With Curb Flow now live in London, we are opening the network to additional partners, regardless if they run their own system or not. The results show what happens when you remove the barriers to consistent, aggregated demand and supply.”

The GoRide partnership has become one of the strongest proof points for the Curb Flow model in North America, with consistent month-over-month growth in trip volume and driver participation since launch. That track record is now informing how Curb approaches new supply partnerships in the UK market.

Ermias Wosenu, CEO and Founder GoRide, says: “Integrating with Curb Flow gave our drivers access to a significant new source of demand without requiring them to change how they work. The volume of trips through the platform has grown consistently since we launched, and it has been a straightforward way for us to expand what we can offer our drivers.”

Curb Flow launched in London in March and is currently operating with an initial network of supply and demand partners, bringing additional trip opportunities to black cab drivers through a single platform.

Operators and technology providers ready to join the next phase of Curb Flow in London can find out more and register their interest at https://www.gocurb.co.uk/curb-flow.

Notes to Editors

Curb analysed the data from operating cabs during March 2026 in the Washington DC district.

About Curb 

Curb reimagines urban mobility with a driver-first approach, offering transparency and seamless access to rides. Connected to over 100,000 drivers in 65+ cities across the US, UK, and Canada, Curb powers millions of rides and billions of dollars in payment transactions annually. Its innovative platform unifies taxis and for-hire vehicles, serving passengers, drivers, and fleet management. Curb’s B2B services support transit agencies, healthcare providers, and businesses, helping cities and organizations move efficiently.

Media Contact:
8020 Communications
curb@8020comms.com 

View original content:https://www.prnewswire.com/news-releases/how-curb-flow-is-driving-growth-for-ride-demand-and-technology-partners-across-the-us-uk-and-canada-302828612.html

SOURCE Curb

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