Multirotor Drone Trends and Forecast
The future of the global multirotor drone market looks promising with opportunities in the defense sector, government, and commercial sector markets. The global multirotor drone market is expected to reach an estimated $3.6 billion by 2030 with a CAGR of 11.5% from 2024 to 2030. The major drivers for this market are growing use of unmanned aerial vehicles (UAVs), increase in non-military uses and the need for drones to be able to operate in challenging environments, as well as, rising availability of affordable consumer drones with advanced features and technology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Multirotor Drone by Segment
The study includes a forecast for the global multirotor drone by product, payload, application, end use, and region.
Multirotor Drone Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Tricopters
• Quadcopters
• Hexacopters
• Octocopters
Multirotor Drone Market by Payload [Shipment Analysis by Value from 2018 to 2030]:
• Camera
• Wireless HD Transmission Video System
• Electro-Optical Sensors
• Wi-Fi
• GPS
• Laser Designators
• CBRN Sensors
• Others
Multirotor Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Aerial Shooting
• Law Enforcement
• Surveillance & Reconnaissance
• Geographical Inspection
• Commercial Inspection
• Others
Multirotor Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Multirotor Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies multirotor drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the multirotor drone companies profiled in this report include-
• EchoBlue
• ideaForge
• MULTIROTOR
• SZ DJI Technology
• Parrot
• Yuneec International
• Kespry
• Autel Robotics
• Skydio
• Insitu
Multirotor Drone Market Insights
Multirotor Drone Market Insights
Lucintel forecasts that quadcopter will remain the largest segment over the forecast period.
Within this market, defense sector will remain the largest segment due to growth in the application of remotely operated equipment as a substitute to preserve human life in combat.
North America will remain the largest region over the forecast period because the drone usage is increasing in sectors like media, agriculture, and infrastructure inspection in the region.
Features of the Global Multirotor Drone Market
Market Size Estimates: Multirotor drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Multirotor drone market size by various segments, such as by product, payload, application, end use, and region in terms of value ($B).
Regional Analysis: Multirotor drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, payload, application, end use, and regions for the multirotor drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the multirotor drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the multirotor drone market size?
Answer: The global multirotor drone market is expected to reach an estimated $3.6 billion by 2030.
Q2. What is the growth forecast for multirotor drone market?
Answer: The global multirotor drone market is expected to grow with a CAGR of 11.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the multirotor drone market?
Answer: The major drivers for this market are growing use of unmanned aerial vehicles (UAVs), increase in non-military uses and the need for drones to be able to operate in challenging environments, as well as, rising availability of affordable consumer drones with advanced features and technology.
Q4. What are the major segments for multirotor drone market?
Answer: The future of the global multirotor drone market looks promising with opportunities in the defense sector, government, and commercial sector markets.
Q5. Who are the key multirotor drone market companies?
Answer: Some of the key multirotor drone companies are as follows:
• EchoBlue
• ideaForge
• MULTIROTOR
• SZ DJI Technology
• Parrot
• Yuneec International
• Kespry
• Autel Robotics
• Skydio
• Insitu
Q6. Which multirotor drone market segment will be the largest in future?
Answer: Lucintel forecasts that quadcopter will remain the largest segment over the forecast period.
Q7. In multirotor drone market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because the drone usage is increasing in sectors like media, agriculture, and infrastructure inspection in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the multirotor drone market by product (tricopters, quadcopters, hexacopters, and octocopters), payload (camera, wireless hd transmission video system, electro-optical sensors, wi-fi, gps, laser designators, cbrn sensors, and others), application (aerial shooting, law enforcement, surveillance & reconnaissance, geographical inspection, commercial inspection, and others), end use (defense sector, government, commercial sector, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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