DRONE PHONES MARKET ANALYSIS

Regional Analysis

North America is expected to be the highest growing regional segment, followed by Europe and Asia Pacific According to Coherent Market Insights analysis, U.S. accounts for approximately 35% of the global drones market share, followed by Europe (~30%) and China (~15%). Moreover, according to FAA’s estimates, hobbyists are expected to account for around 4.3 million drone shipments by 2020, with its significant share based in the U.S. Thus, U.S. will account for the largest market for compact quadcopters. Moreover, if the product development plans of LG go as planned, U.S., South Korea and Europe are among its major consumer segments, which would in turn witness substantial growth. Long flight hours and enhancement in the overall safety of both the smartphones and quadcopters are among the major factors that will influence the future growth of the market.