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Usage of AR and VR in UAVs Driving Consumer Drones Market Growth

A number of factors, such as the escalating demand for racing drones, increasing application of augmented reality (AR) and virtual reality (VR) in drones, and ongoing advancements in technologies such as geo-fencing and collision avoidance, are expected to drive the consumer drones market at a healthy CAGR of 28.1% during the forecast period (2016–2022).

According to P&S Intelligence, the market was valued at $389.7 million in 2015, and it is projected to generate $2,196.9 million revenue by 2022. The surging application of AR and VR in unmanned aerial vehicles (UAVs) is one of the primary growth drivers for the market. Market players are integrating AR-enabled high-definition (HD) cameras into these platforms to reduce the dependence on tablets and laptops and facilitate operations, as AR glasses offer hands-free solutions to field service technicians.

Moreover, these solutions enable the visualization of expert knowledge and job-critical information. Therefore, essentially, market players, such as Parrot SA and SAP SE, are incorporating AR glasses in these aerial platforms for an enhanced user experience. In recent years, the burgeoning demand for compact sensors from UAV manufacturers has become a prominent trend in the consumer drones market.

Industry players use lightweight stereoscopic sensors, light detection and ranging (LiDAR) sensors, spectral sensors, ultrasonic sensors, and infrared sensors as they perform crop vigor analysis, 3D imaging, infrared thermography, and collision avoidance functions. Owing to these abilities of compact sensors, chip manufacturers, such as Intel Corporation and Qualcomm Inc., are increasingly using them for enhanced co-production image processing and better onboard imaging.

This market research report provides a comprehensive overview of the market
  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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