UAV Goggles Market REPORT OVERVIEW
- Request a Free sample to learn more about this report
The global UAV goggles market size was USD 22 million in 2022 and is projected to touch USD 79.91 million by 2031, at a CAGR of 15.4% during the forecast period.
The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
UAV goggles are eyewear that offers an Unmanned Aerial Vehicle (UAV) view to someone flying. These goggles give the first-person view (FPV) of your drone's camera to offer a virtual flight experience. Many drone goggles use head tracking technology that allows the control of the drone's direction, or the flight direction of the drone in some cases, with the help of head movements. The rising acceptance of drone deployment in military operations prompted many suppliers to produce drones that can be utilized in various commercial applications. Drones generally have two basic functions: navigation and flight mode. You should have a power source to fly the drone and have an aerial view through drone goggles. It also has propellers, rotors, and a frame. The frame is made of composite material and is lightweight to boost movability.
UAV goggles are majorly used to get a first-person view from the drone's camera. They are used for various purposes, such as offering internet facilities in rural areas, aerial photography and videography, public service missions, and surveying and documenting animals. Various films are recorded with the help of drones and goggles. These goggles are also known as drone goggles. The youngster’s inclination toward adopting drone goggles and drones to shoot aerial views is forecasted to help the market grow at a staggering pace.
COVID-19 Impact: Delayed Product Adoption to Affect Market Growth
The pandemic outbreak led to increased demand for the product. Drones proved the perfect solution to offer various services during the pandemic. The imposed lockdown restricted the population from stepping out, which affected the manufacturing rate of the product. Drones are proven to be efficient during the lockdown period. It made prompt deliveries at peak hours and essentials to remote areas to screen inaccessible locations. However, the adoption of drones was low, limiting UAV goggles' adoption. The pandemic affected product adoption.
LATEST TRENDS
"Wide Application of Products to Drive Trends in The Market"
Drone and drone goggles are adopted in various applications, including aerial photography, internet provision in remote places, aerial videography, public service missions, and documenting wildlife. These applications are anticipated to expand the UAV goggles market growth in the forecast period. Home deliveries through drones are an additional factor expected to drive trends in the global market. The inclination of couples to have an aerial shoot for their weddings is expected to be another reason that will boost the product demand.
UAV Goggles Market Segmentation
- Request a Free sample to learn more about this report
- By Type Analysis
By type, the market is segmented into box goggles and low-profile goggles.
- By Application Analysis
Based on application, the market is classified into amateur and professional.
DRIVING FACTORS
"Rise in Amateur Drone Users to Bolster Product Demand"
The meteoric rise has been noticed in the number of casual drone users coupled with noticeable advancements in drone technology, which has led to a significant boost in the adoption of the product. The general population's steady product adoption is estimated to support the UAV goggles market growth. The desire of youngsters to own a drone is expected to surge the demand for the product.
"Progress in Battery Technology to Surge the Market Growth"
The drone goggles market paved its way by developing advancements in technological aspects, such as the long-lasting battery of the UAV goggles and drones. The enhanced stability and modern-day drone control. Additionally, the battery backup of the drone goggles makes a huge difference. Thus, the progress in battery technology played a significant role in the increasing adoption of the product. Furthermore, the various drone racing leagues globally will boost the market growth.
RESTRAINING FACTORS
"High Cost and Technical Constraints of the Product to Impede Market Growth"
The market may experience resistance to growth due to technical issues such as SWaP challenges, the presence of non-uniform laws & regulations, and limited endurance, which are expected to hinder the market's growth. Moreover, the high cost of the product is also anticipated to hinder the UAV goggles market growth. Additionally, flying drones need a practice that ultimately impedes its adoption. Moreover, low battery backup is also anticipated to hinder the market growth.
UAV Goggles Market REGIONAL INSIGHTS
- Request a Free sample to learn more about this report
"Asia Pacific to Dominate Due to The Presence of Key Manufacturer"
Asia Pacific is forecasted to dominate the market due to major regional manufacturers. China has been the global hub for drone manufacturing for the past few years. Most of the drones are exported from China, which encourages the expansion of the UAV goggles market share. The rising per capita disposable income and urbanization in emerging countries such as India, China, and Japan are expected to encourage the product's sales.
KEY INDUSTRY PLAYERS
"Key Companies to Emphasize On Gaining Collaboration to Expand the Growth Rate"
The UAV goggles market consists of various-sized companies. The market is fragmented due to the presence of key players. Significant players emphasize offering high-quality goggles, innovative features, and region-specific content to gain a competitive edge globally. Key players are also adopting acquisitions and collaborations to gain more consumers in the market. Additionally, the key companies focus on developing strategies that offer long-term growth.
List of Market Players Profiled
- DJI (China)
- Fatshark (Sweden)
- Epson (Japan)
- Eachine (China)
- Walkera (China)
- SkyZone (U.S.)
- Shenzhen Aomway Technology (China)
- Yuneec (China)
INDUSTRY DEVELOPMENT
- April 2022- Shenzhen GD Digital Ltd., a China-based company, introduced a Kickstarter fundraiser for GAODI night goggles. These goggles are lightweight and compact night vision solutions coupled with dual TFT 1.4-inch displays that offer a resolution of 390x390. This device gained 100% funding within 24 hrs. of listing.
REPORT COVERAGE
The report covers every possible detail of the market. Global market players and their headquarters are mentioned in the report to offer details about the existing competition in the market. The market segmentation is represented in the report to offer details about various segments. The report provides an in-depth analysis of UAV google's market share, competitive landscape, and other aspects. It has incorporated various factors expected to influence the UAV goggles market growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 22 Million in 2022 |
Market Size Value By |
US$ 79.91 Million by 2031 |
Growth Rate |
CAGR of 15.4% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the UAV goggles market expected to touch by 2031?
Based on our research, the UAV goggles market is projected to touch USD 79.91 million by 2031.
-
What CAGR is the UAV goggles market expected to exhibit by 2031?
The UAV goggles market is expected to exhibit a CAGR of 15.4% by 2031.
-
What are the segments of the UAV goggles market?
By type, the UAV goggles market is segmented into box goggles and low profile goggles. Based on application, the market is classified into amateur and professional.
-
Which are the driving factors of the UAV goggles market?
Rise in casual drone users to bolster product demand and progress in battery technology to surge market growth are driving the UAV goggles market.
-
Which are the top companies operating in the UAV goggles market?
DJI, Fatshark, Epson, Eachine, Walkera, SkyZone, Shenzhen Aomway Technology, and Yuneec are the top companies operating in the UAV goggles market.