FPV Drone Market Soars: Projected to Reach $396.10 Million by 2030

The global First-Person View (FPV) drone market is experiencing unprecedented growth, driven by advancements in drone technology and increasing applications across various sectors. Valued at $117 million in 2023, the market is projected to reach $396.10 million by 2030, exhibiting a robust Compound Annual Growth Rate (CAGR) of 19.03% during the forecast period.

Competitive Landscape

The FPV drone market is characterized by the presence of key players such as DJI, Fat Shark, BetaFPV, iFlight, EMAX, GEPRC, TBS (Team BlackSheep), Holybro, HGLRC, Diatone, Armattan Quads, Flywoo, iFlight Green Hornet, iFlight Nazgul, and Caddx. These companies are focusing on innovations and strategic partnerships to strengthen their market positions.

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Regional Insights

United States: Growth and Consolidation

In North America, the FPV drone market is witnessing significant growth, driven by technological advancements and increasing applications in sectors such as defense, entertainment, and agriculture. A notable development is AeroVironment's announcement to acquire BlueHalo, a space and defense engineering company, for $4.1 billion. This strategic move aims to expand AeroVironment's portfolio amid increasing geopolitical tensions. Post-acquisition, AeroVironment’s shareholders will own 60.5% of the combined entity, while BlueHalo’s equity holders will have a 39.5% stake.

 

 

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Market Segmentation: In-Depth Analysis:

by Component Type

FPV Goggles
FPV Remote Controllers
Cameras
Battery
Flight Controller
Airframe
Motor
Processors
Others

According to market sectors for FPV drones, FPV cameras are anticipated to have the biggest market share in 2023. The lightweight design, small size, and low cost of FPV (First Person View) cameras have made them a significant industrial force. These cameras are typically used in conjunction with drones to supply live video feeds to a range of devices, such as remote control displays, tablets, smartphones, FPV goggles, and monitors. Drone users may now fly farther and higher thanks to this technology; some of the newest models can already travel up to five miles with FPV technology. High-end and military drones have even used FPV systems to travel thousands of miles.

by Application

Rotor Cross
Drag Racing
Time Trail
Others

by End-User

Commercial
Aerospace & Defense
Consumer Electronics
Healthcare
Other

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Learn about the top players driving innovation in the Market :

1. DJI (China)
2. Fat Shark (USA)
3. BetaFPV (China)
4. iFlight (China)
5. EMAX (China)
6. GEPRC (China)
7. TBS (Team BlackSheep) (Germany)
8. Holybro (China)
9. HGLRC (China)
10. Diatone (China)
11. Armattan Quads (USA)
12. Flywoo (China)
13. iFlight Green Hornet (China)
14. Iflight Nazgul (China)
15. Caddx (China)

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