The report presents a comprehensive overview of industry trends, growth share and the competitive landscape in 200 pages.
“Multirotor Drone Market” report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Multirotor Drone Market 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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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market:The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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