The global market for Multirotor UAVs is estimated at US$2.3 Billion in 2023 and is projected to reach US$5.0 Billion by 2030, growing at a CAGR of 11.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the multirotor UAV market is driven by several factors. Firstly, the increasing demand for drones in commercial applications, such as precision agriculture, infrastructure inspection, and delivery services, is a significant driver. These sectors benefit from the efficiency and cost-effectiveness provided by UAVs in tasks such as crop monitoring, structural inspections, and last-mile deliveries. Secondly, advancements in drone technology, including enhanced flight control systems, AI integration, and improved battery life, are propelling market growth. These innovations make drones more accessible and functional for a wider range of users.
Thirdly, the regulatory environment is becoming more favorable, with many countries establishing frameworks that support commercial drone operations while ensuring safety and privacy. Additionally, the consumer drone market is expanding as hobbyists and enthusiasts increasingly adopt UAVs for recreational purposes. The surge in drone-related startups and investments further fuels market expansion, indicating a robust and dynamic future for the multirotor UAV industry.
The growth in the multirotor UAV market is driven by several factors. Firstly, the increasing demand for drones in commercial applications, such as precision agriculture, infrastructure inspection, and delivery services, is a significant driver. These sectors benefit from the efficiency and cost-effectiveness provided by UAVs in tasks such as crop monitoring, structural inspections, and last-mile deliveries. Secondly, advancements in drone technology, including enhanced flight control systems, AI integration, and improved battery life, are propelling market growth. These innovations make drones more accessible and functional for a wider range of users.
Thirdly, the regulatory environment is becoming more favorable, with many countries establishing frameworks that support commercial drone operations while ensuring safety and privacy. Additionally, the consumer drone market is expanding as hobbyists and enthusiasts increasingly adopt UAVs for recreational purposes. The surge in drone-related startups and investments further fuels market expansion, indicating a robust and dynamic future for the multirotor UAV industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Quadcopters segment, which is expected to reach US$2.8 Billion by 2030 with a CAGR of a 11.5%. The Hexacopters segment is also set to grow at 12.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $628.9 Million in 2023, and China, forecasted to grow at an impressive 15.6% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Multirotor UAVs Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Multirotor UAVs Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Multirotor UAVs Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Aerialtronics DV BV, Australian Uav Pty Limited, Autel Robotics Co., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 86 Featured):
- Aerialtronics DV BV
- Australian Uav Pty Limited
- Autel Robotics Co., Ltd.
- Draganfly Innovations
- Elbit Systems Ltd.
- Embention
- ideaForge Technology Pvt., Ltd.
- Israel Aerospace Industries Ltd.
- Kratos Defense & Security Solutions, Inc.
- Lockheed Martin Corporation
- microdrones GmbH
- Multirotor GmbH
- Parrot Drone SAS
- Skydio, Inc.
- SZ DJI Technology Co., Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Aerialtronics DV BV
- Australian Uav Pty Limited
- Autel Robotics Co., Ltd.
- Draganfly Innovations
- Elbit Systems Ltd.
- Embention
- ideaForge Technology Pvt., Ltd.
- Israel Aerospace Industries Ltd.
- Kratos Defense & Security Solutions, Inc.
- Lockheed Martin Corporation
- microdrones GmbH
- Multirotor GmbH
- Parrot Drone SAS
- Skydio, Inc.
- SZ DJI Technology Co., Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 250 |
Published | December 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 2.3 Billion |
Forecasted Market Value ( USD | $ 5 Billion |
Compound Annual Growth Rate | 11.6% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |