The primary types of multirotor drones include quadcopters, hexacopters, tricopters, and octocopters. A quadcopter, for instance, comprises four rotors, each driven by its motor and propeller. These drones find application in tasks like pipeline and infrastructure inspections, while agricultural quadcopters assist in crop monitoring. Various payloads used include camera and imaging systems, control systems, tracking systems, among others, offered across budget, medium, and premium price ranges. They are deployed in surveillance, inspection, monitoring, mapping, surveying, aerial photography, and other commercial, military, government, and consumer-oriented activities.
This report provides multirotor drone market statistics, including multirotor drone industry global market size, regional shares, competitors with a multirotor drone market share, detailed multirotor drone market segments, market trends and opportunities, and any further data you may need to thrive in the multirotor drone industry. This multirotor drone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The global multirotor drone market has grown rapidly in recent years. It will grow from $3.53 billion in 2023 to $4.17 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. During the historical period, growth can be attributed to several factors, including the expansion of commercial applications, cost reductions, advancements in data processing capabilities, and the utilization of these technologies in environmental and conservation applications.
The global multirotor drone market is expected to see rapid growth in the next few years. It will grow to $8.39 billion in 2028 at a compound annual growth rate (CAGR) of 19.1%. In the upcoming forecast period, growth is expected to arise from various factors including customization and specialization, utilization in environmental and disaster response scenarios, safety improvements, advancements in autonomous features, and enhancements in payload capabilities. Anticipated trends in this period encompass rapid prototyping and customization, applications in environmental monitoring and conservation efforts, integration of safety and redundancy features, emphasis on data processing and analytics, and an increased demand for autonomous functionality.
The anticipated surge in multirotor drone adoption by military entities is poised to drive the market forward. Military bodies, comprising security forces combating emerging defense and homeland security challenges, increasingly rely on multi-rotors to enhance security measures and counterterrorism efforts. These drones play a pivotal role in various scenarios, from targeting threats to accessing unreachable locations. For instance, during the Russia-Ukraine conflict, AeroVironment, a US-based UAV manufacturer, developed the Switchblade 300 drone for the US armed forces. Moreover, the US recently allocated 100 tactical unmanned aerial systems to Ukraine, amounting to an $800 million military aid package. This adoption by military bodies significantly influences the growth of the multirotor drone market.
The expanding embrace of commercial drones is set to propel the multirotor drone market's growth trajectory. Commercial drones, utilized for business purposes and income generation, boast functionality and versatility, significantly impacting agriculture, market diversification, and demand across commercial and civil sectors. As of January 2023, reports from the Federal Aviation Administration indicate over 871,000 registered drones and 307,000 certified remote pilots, showcasing the growing acceptance of commercial drone usage. This increasing adoption within commercial domains serves as a driving force for the multirotor drone market.
Technological advancements stand out as significant trends shaping the multirotor drone market. Integration of cutting-edge technology, including AI, machine learning, and fifth-generation network tech, enables functions like facial recognition and biological threat detection. Key players in the multirotor drone sector strive to develop innovative technologies to maintain market dominance. For instance, Advanced Aircraft Company introduced the Hybrid-Electric HAMR UAS in January 2022, featuring a multi-rotor design and a hybrid gas-electric propulsion system for enhanced fuel efficiency and long-endurance flights, showcasing the industry's technological strides.
Major companies operating in the multirotor drone market focus on unveiling groundbreaking products like hybrid drones to showcase their technological innovations and drive sales. A hybrid drone, leveraging multiple energy sources for flight, represents a cutting-edge UAV design. For instance, Draganfly launched the Commander 3 XL Hybrid drone in September 2023, featuring a hybrid powertrain combining a gasoline engine with an electric motor, ensuring extended flight times and significant payload capacity. This innovative product marks a milestone in the multirotor drone industry's technological advancements.
In April 2021, Plymouth Rock Technologies Inc. acquired Tetra Drones Limited for £350,000 ($372,989.75). This acquisition consolidated PRT's position by incorporating Tetra Drones, a UK-based developer specializing in high-performance, custom-made Unmanned Aircraft Systems (UAS) and drones, into their portfolio.
Major companies operating in the multirotor drone market report are IdeaForge Technology Pvt. Ltd., AeroVironment Inc., SZ DJI Technology Co. Ltd., Autel Robotics, Draganfly Inc., Microdrones GmbH, Parrot Drone SAS, Australian UAV Pty. Ltd., Aero Systems West Inc., Centeye Inc., Embention Sistemas Inteligentes SA, 3D Robotics Inc., Yuneec International, EchoBlue Ltd., Skydio Inc., Delair, Elbit Systems Ltd., Aerix Drone, DJI Innovations, Lockheed Martin, Northrop Grumman, General Atomics, PrecisionHawk, Kratos Defense & Security Solutions, Aurora Flight Sciences, Impossible Aerospace, Hoverfly Technologies, Flyability, CyPhy Works, Altavian
North America was the largest region in the multirotor drone market in 2023. The regions covered in the multirotor drone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the multirotor drone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The multirotor drones market consists of sales of battery, fuel, rotors, propellers, frame, transmitter, receiver, radio transmitter. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
This report provides multirotor drone market statistics, including multirotor drone industry global market size, regional shares, competitors with a multirotor drone market share, detailed multirotor drone market segments, market trends and opportunities, and any further data you may need to thrive in the multirotor drone industry. This multirotor drone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The global multirotor drone market has grown rapidly in recent years. It will grow from $3.53 billion in 2023 to $4.17 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. During the historical period, growth can be attributed to several factors, including the expansion of commercial applications, cost reductions, advancements in data processing capabilities, and the utilization of these technologies in environmental and conservation applications.
The global multirotor drone market is expected to see rapid growth in the next few years. It will grow to $8.39 billion in 2028 at a compound annual growth rate (CAGR) of 19.1%. In the upcoming forecast period, growth is expected to arise from various factors including customization and specialization, utilization in environmental and disaster response scenarios, safety improvements, advancements in autonomous features, and enhancements in payload capabilities. Anticipated trends in this period encompass rapid prototyping and customization, applications in environmental monitoring and conservation efforts, integration of safety and redundancy features, emphasis on data processing and analytics, and an increased demand for autonomous functionality.
The anticipated surge in multirotor drone adoption by military entities is poised to drive the market forward. Military bodies, comprising security forces combating emerging defense and homeland security challenges, increasingly rely on multi-rotors to enhance security measures and counterterrorism efforts. These drones play a pivotal role in various scenarios, from targeting threats to accessing unreachable locations. For instance, during the Russia-Ukraine conflict, AeroVironment, a US-based UAV manufacturer, developed the Switchblade 300 drone for the US armed forces. Moreover, the US recently allocated 100 tactical unmanned aerial systems to Ukraine, amounting to an $800 million military aid package. This adoption by military bodies significantly influences the growth of the multirotor drone market.
The expanding embrace of commercial drones is set to propel the multirotor drone market's growth trajectory. Commercial drones, utilized for business purposes and income generation, boast functionality and versatility, significantly impacting agriculture, market diversification, and demand across commercial and civil sectors. As of January 2023, reports from the Federal Aviation Administration indicate over 871,000 registered drones and 307,000 certified remote pilots, showcasing the growing acceptance of commercial drone usage. This increasing adoption within commercial domains serves as a driving force for the multirotor drone market.
Technological advancements stand out as significant trends shaping the multirotor drone market. Integration of cutting-edge technology, including AI, machine learning, and fifth-generation network tech, enables functions like facial recognition and biological threat detection. Key players in the multirotor drone sector strive to develop innovative technologies to maintain market dominance. For instance, Advanced Aircraft Company introduced the Hybrid-Electric HAMR UAS in January 2022, featuring a multi-rotor design and a hybrid gas-electric propulsion system for enhanced fuel efficiency and long-endurance flights, showcasing the industry's technological strides.
Major companies operating in the multirotor drone market focus on unveiling groundbreaking products like hybrid drones to showcase their technological innovations and drive sales. A hybrid drone, leveraging multiple energy sources for flight, represents a cutting-edge UAV design. For instance, Draganfly launched the Commander 3 XL Hybrid drone in September 2023, featuring a hybrid powertrain combining a gasoline engine with an electric motor, ensuring extended flight times and significant payload capacity. This innovative product marks a milestone in the multirotor drone industry's technological advancements.
In April 2021, Plymouth Rock Technologies Inc. acquired Tetra Drones Limited for £350,000 ($372,989.75). This acquisition consolidated PRT's position by incorporating Tetra Drones, a UK-based developer specializing in high-performance, custom-made Unmanned Aircraft Systems (UAS) and drones, into their portfolio.
Major companies operating in the multirotor drone market report are IdeaForge Technology Pvt. Ltd., AeroVironment Inc., SZ DJI Technology Co. Ltd., Autel Robotics, Draganfly Inc., Microdrones GmbH, Parrot Drone SAS, Australian UAV Pty. Ltd., Aero Systems West Inc., Centeye Inc., Embention Sistemas Inteligentes SA, 3D Robotics Inc., Yuneec International, EchoBlue Ltd., Skydio Inc., Delair, Elbit Systems Ltd., Aerix Drone, DJI Innovations, Lockheed Martin, Northrop Grumman, General Atomics, PrecisionHawk, Kratos Defense & Security Solutions, Aurora Flight Sciences, Impossible Aerospace, Hoverfly Technologies, Flyability, CyPhy Works, Altavian
North America was the largest region in the multirotor drone market in 2023. The regions covered in the multirotor drone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the multirotor drone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The multirotor drones market consists of sales of battery, fuel, rotors, propellers, frame, transmitter, receiver, radio transmitter. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Multirotor Drone Market Characteristics3. Multirotor Drone Market Trends and Strategies31. Global Multirotor Drone Market Competitive Benchmarking32. Global Multirotor Drone Market Competitive Dashboard33. Key Mergers and Acquisitions in the Multirotor Drone Market
4. Multirotor Drone Market - Macro Economic Scenario
5. Global Multirotor Drone Market Size and Growth
6. Multirotor Drone Market Segmentation
7. Multirotor Drone Market Regional and Country Analysis
8. Asia-Pacific Multirotor Drone Market
9. China Multirotor Drone Market
10. India Multirotor Drone Market
11. Japan Multirotor Drone Market
12. Australia Multirotor Drone Market
13. Indonesia Multirotor Drone Market
14. South Korea Multirotor Drone Market
15. Western Europe Multirotor Drone Market
16. UK Multirotor Drone Market
17. Germany Multirotor Drone Market
18. France Multirotor Drone Market
19. Italy Multirotor Drone Market
20. Spain Multirotor Drone Market
21. Eastern Europe Multirotor Drone Market
22. Russia Multirotor Drone Market
23. North America Multirotor Drone Market
24. USA Multirotor Drone Market
25. Canada Multirotor Drone Market
26. South America Multirotor Drone Market
27. Brazil Multirotor Drone Market
28. Middle East Multirotor Drone Market
29. Africa Multirotor Drone Market
30. Multirotor Drone Market Competitive Landscape and Company Profiles
34. Multirotor Drone Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on multirotor drone market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for multirotor drone? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Report Scope
Markets Covered:
1) By Type: Quadcopters; Hexacopters; Tricopters; Octocopters2) By Payload: Camera and Imaging Systems; Control Systems; Tracking Systems; Other payload
3) By Price Range: Budget; Medium; Premium
4) By Application: Surveillance, Inspection, and Monitoring; Mapping and Surveying; Aerial Photography; Other applications
5) By End-users: Commercial; Military and Government; Consumer
Key Companies Mentioned: IdeaForge Technology Pvt. Ltd.; AeroVironment Inc.; SZ DJI Technology Co. Ltd.; Autel Robotics; Draganfly Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- IdeaForge Technology Pvt. Ltd.
- AeroVironment Inc.
- SZ DJI Technology Co. Ltd.
- Autel Robotics
- Draganfly Inc.
- Microdrones GmbH
- Parrot Drone SAS
- Australian UAV Pty. Ltd.
- Aero Systems West Inc.
- Centeye Inc.
- Embention Sistemas Inteligentes SA
- 3D Robotics Inc.
- Yuneec International
- EchoBlue Ltd.
- Skydio Inc.
- Delair
- Elbit Systems Ltd.
- Aerix Drone
- DJI Innovations
- Lockheed Martin
- Northrop Grumman
- General Atomics
- PrecisionHawk
- Kratos Defense & Security Solutions
- Aurora Flight Sciences
- Impossible Aerospace
- Hoverfly Technologies
- Flyability
- CyPhy Works
- Altavian
Methodology
LOADING...