Report Ocean published a new report on the ‘Global Multirotor Drone Market’. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Get a complete report on Multirotor Drone Market’ (Including Full TOC, 200+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
Global Multirotor Drone Market is valued at approximately USD 1.86 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.1% over the forecast period 2022-2029.
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Multirotor Drone is a type of Unmanned aerial Vehicle that uses more than two rotors with fixed pitch spinning blades to generate the required lift. These drones work on the principle of a helicopter. These are available in different rotor options including tricopters (3 rotors), quadcopters (4 rotors), hexacopters (6 rotors), and octocopters (8 rotors). Multirotor drones offer several advantages such as high maneuverability and easy landing & takeoff among others. The increasing application of drones in Mapping and Surveying activities and growing non-military applications of drones as well as strategic initiatives from leading market players are key factors accelerating the market growth.
The increasing utilization of multirotor drones in construction sectors for mapping and surveying applications has created lucrative demand for multirotor drones. For instance, as per Statista – in 2021, the commercial drone market worldwide was estimated at USD 27.81 billion, and the market is projected to grow to USD 58.4 billion by 2026. Also, rising advancements in drone technology and growing expansion of agriculture sector would create lucrative opportunities for the market over the forecast period. However, the high cost of Multirotor Drone and low flying time impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Multirotor Drone Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players and increasing utilization of drones across different industries such as agriculture, construction etc. in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising demand for multirotor drones from content creators and increasing application of drones in nonmilitary applications in the region.
Major market players included in this report are:
Aero Systems West Inc.
AeroVironment Inc.
Australian UAV Pty Ltd
Autel Robotics
Centeye, Inc.
Cyberhawk Innovations Ltd.
DJI Innovations
Draganfly Inc.
Embention
ideaForge Technology Pvt. Ltd.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type
Tricopters
Quadcopters
Hexacopters
Octocopters
By Payload
Camera and Imaging Systems
Control Systems
Tracking Systems
Others
By Application
Mapping and Surveying
Surveillance, Inspection, and Monitoring
Aerial Photography
Others
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By End-Use
Commercial
Military and Government
Consumer
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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This report answers the following key questions:
- How big is the market as a whole in 2022? What rate of market expansion is anticipated between 2023 to 2030?
- Which region would experience a high demand for goods in the years to come?
- What are the variables promoting the market’s expansion?
- Which sub-market will have the most impact on the market?
- What market opportunities exist for established and new players?
- What different short-term and long-term tactics have the market players adopted?
With regard to the COVID-19 Outbreak Impact Analysis:
- In light of COVID-19, the report examined market trends.
- On the basis of the upstream and downstream markets, the study examined COVID-19’s effects on the manufacturing industry’s supply chain.
- We examine how COVID-19 has affected diverse regions and significant nations.
- It is noted how COVID-19 will affect the industry’s future growth.
Examined in the study are:
- Market behavior, risk, and opportunity levels
- An assessment of end-industry behavior and opportunity
- An anticipated timeline for industry recovery.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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