Ltd., Israel Aerospace Industries (IAI), Microdrones GmbH, Parrot Drone SAS, Tomahawk Robotics Inc., and XAG Co. Some leading companies profiled in the multirotor drone market report comprises Aero Systems West Inc., Aerovironment, Inc., AUAV (Australian UAV Pty Ltd.), Autel Robotics, Centeye, Inc., Cyberhawk Innovations Ltd., DJI Innovations, Draganfly Inc., Embention, IdeaForge Technology Pvt. Region wise, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
As per end use, it is categorized into commercial, defense, and others. On the basis of payload, it is classified into camera & imaging solutions, control systems, tracking systems, and others.ĭepending on application, it is fragmented into surveillance, inspection & monitoring, research, aerial photography, and others. By type, it is segmented into tricopters, quadcopters, hexacopters, and octocopters. The global multirotor drone market is segmented on the basis of type, payload, application, end use, and region. Furthermore, technological advancements are expected to offer growth opportunities during the forecast period. However, limited operational bandwidth of the drones and stringent drone regulations are the factors that are likely to hamper the expansion of the market. The growth of the global multirotor drone market is propelled due to surge in nonmilitary applications and demand for drone operability in extreme conditions. Moreover, post-pandemic, government assistance and the start of vaccination campaigns across the globe are expected to boost the growth of the multirotor drone industry during the forecast period. These countries were able to incorporate drone service into the COVID-19 response activities due to enabling factors such as regulation, skills, resources, social & political acceptance and capacity. In addition, numerous countries with the foundations of a drone-friendly environment such as U.S., India, Ghana, Rwanda, Malawi, Sierra Leone, and others, were able to quickly mobilize the technology from the start of the pandemic. In the event of the COVID-19 pandemic, these applications have increased demand for different types of drones such as multirotor drone with lightweight payload such as camera to capture ground activities from the sky. For instance, during COVID-19 pandemic in Bangladesh in June 2020, drone and GIS mapping tools were used to develop disaster shelters. Several use cases of drone services have been developed and utilized by drone service providers during the COVID-19 pandemic, including lab sample pick-up and delivery and transportation of medical supplies to reduce transportation times and minimize infection exposure, aerial spraying of public areas to disinfect potentially contaminated areas and public space monitoring and guaranty. The reduction in aerospace and defense spending has had a negative impact on autonomous aircraft development and deployment plans, particularly unmanned aerial vehicles (UAVs), reducing demand for drones. Furthermore, the reduced GDP of major economies such as the U.S., the UK, China, France, India, Germany, and others in 2020 has anticipated a drop in investment in the aerospace and defense industry. Revenue crunch and rising maintenance costs were two major challenges adversely affecting the drone manufacturers. The outbreak of COVID-19 resulted in flight cancellations, travel bans, and implementation of quarantine measures, which made massive disruption of the supply chain and logistics activities across the globe.
Moreover, these drones are a suitable option for long-time aerial operations and hold enhanced capacity to carry lightweight payload such as camera. In addition, these drones can navigate small spaces with ease, and a GPS receiver equipped in drones enables them to hover and maintain a defined path using waypoints. These drones are of several types such as tricopters (3 rotors), quadcopters (4 rotors), hexacopters (6 rotors), and octocopters (8 rotors). Multirotor drones work on the principle of the traditional helicopter and are the most common type of drones for creating maps and models. Multirotor drone is a type of unmanned aerial vehicle (UAV) that has more than one motor that powers the propellers to take flight and maneuver the aircraft. The global multirotor drone market was valued at $1.86 billion in 2021, and is projected to reach $6.30 billion by 2031, growing at a CAGR of 13.1% from 2022 to 2031.
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