Multirotor Drones Market : Industry Analysis By Development, Size, Share And Demand Forecast From 2018 to 2026

Multirotor Drones Market Overview

Multi-rotor or multicopter refers to the aerial vehicle mechanism. Multi-rotor drone is a type of rotorcraft consisting of more than two rotors/propellers. Apart from this, multi-rotor is a highly unstable rotorcraft and it requires aka flight controller device for stable flight. The flight motion of multi-rotor is controlled by speeding or slowing multiple downward thrust propellers. There are different types of multi-rotors are present in market such as tricopters, quadcopters, hexacopters and octocopters. Multi-rotor drones have a wide range of application such as aerial photography/videography, mapping & surveying, agriculture, crop spraying, asset inspection and payload.

Market Size & Forecast

Global multi-rotor drones market is anticipated to witness a robust growth over the forecast period 2017-2024. Global multi-rotor drone market stood at valuation around USD 12.6 Billion in 2016. Multi-rotor drone market is expected to behold this positive growth in near future owing to their increased application in end-use industries.

In terms of regions, the global multi-rotor drones market is mainly segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America region. Among all these regions, North America accounts for the highest market size followed by Europe. Due to economic decline and budget cuts, market of North America and Europe region is anticipated to witness a slow growth rate during the forecast period 2017-2024.

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Asia Pacific multi-rotor drones market is expected to grow at highest CAGR during the forecast period. High investment in research and development sector in emerging economies such as China and India has given boost to the market of multi-cotor drones in Asia Pacific region. Further, Middle East & Africa and Latin America regions are also expected to witness a satisfactory growth in near future due to high investment in R&D sector in these regions.

Market Segmentation

Our-in depth analysis of the global multi-rotor drones market includes the following segments:

By Product Type

Tricopters
Quadcopters
Hexacopters
Octocopters
Others
By Application

Aerial Photography/Videography
Agriculture
Mapping & Surveying
Real State Photography
Payload Carrying
Bird Control
Product Delivery
Aviation
Search and Rescue
Marine Mission
Others (Live Streaming Events, Crop Spraying etc.)
By End User

Defense & Security
Shops
Entertainment & Media Companies
Industries
Commercial Places
Others
By Region

Global multi-rotor drones market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers & Challenges

Multicopter provides revolutionary abilities to do difficult things or to go somewhere, where a person has never been before. Over the past few years, it has been observed that the unprecedented abilities of multi-rotor drones have attracted consumers towards it across the globe. Increasing demand for multi-rotors in non-military sector such as agriculture, environment inspection, sports coverage, entertainment & media industries, parcel delivery and others is a major growth driver of global multi-rotor drones market. Additionally, high adoption rate of non-military multi-rotor drones is expected to foster the growth of global multi-rotor drones market in near future. Low maintenance and affordable cost of drones are some of the key factors which are expected to propel the demand for multi-rotor drones in near future.

Increasing use of multi-rotors drones in law enhancement and other military activities is one of the major factors driving the growth of multi-rotors drone market. Moreover, increasing terrorism activities in countries such as India, Spain, Israel and others have made the government of these countries more concerned about the enhancement of defense and security sector. The adoption of multi-rotor in defense & security sector is expected to increase the demand for multi-rotor drones over the forecast period.

However, budget cuts of defense sector are a major factor dampening the growth of the global multi rotor drone market. Factors such as limited flight sufferance of multi-rotor drones and their payload capacity are some of major challenges which are restraining the growth of market. Apart from this, high price of multi-rotors is a major factor which is slowing down the growth of global multi-rotor drones market. You can also ask for region wise of this Strategic Report: >> https://www.kennethresearch.com/sample-request-10075511

Key Players

AeroVironment Inc.
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
DJI Innovations Inc.
MicroDrones GmBh
Lockheed Martin LMT
PrecisionHawk Inc.
3D Robotics
Aibotix GmBh
Dragonfly Innovations
Coptercam
Cyberhawk Innovation Ltd.
Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global multi-rotor drones market is segmented as follows:

By Product Type Market Size & Y-O-Y Growth Analysis
By Application Market Size & Y-O-Y Growth Analysis
By Rotor Type Market Size & Y-O-Y Growth Analysis
By End User Market Size & Y-O-Y Growth Analysis
By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

Contact Us

Kenneth Research
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609

Website: https://www.kennethresearch.com

Source: https://americannewshour.com

Steven is working as a news editor with America News Hour. He started his career as a freelance news writer in 2012 and has helped people in all aspects of online marketing through the expert industry coverage. In addition to writing content as a freelancer, he is also an expert in business, lifestyle, politics, sports and tech & science news. His articles are now featured on the overwhelming news website and channels such as MarketWatch, Routers etc.

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