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Global Multirotor Drone Market to reach USD 4.98 billion by the end of 2029.

Global Multirotor Drone Market Size study & Forecast, 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), by End-Use (Commercial, Military and Government, Consumer) and Regional Analysis, 2022-2029

Product Code: ALTAWT-12909318
Publish Date: 25-01-2023
Page: 200

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. 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.
ideaForge Technology Pvt. Ltd.

Recent Developments in the Market:
 In June 2022, Tel Aviv, Israel based SpearUAV unveiled its Ninox 103 UW Sub-to-Air encapsulated autonomous quadcopter drone. This new drone can be launched from a submarine as well.

Global Multirotor Drone Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Payload, Application End-Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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

By Payload
Camera and Imaging Systems
Control Systems
Tracking Systems

By Application
Mapping and Surveying
Surveillance, Inspection, and Monitoring
Aerial Photography

By End-Use
Military and Government

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Multirotor Drone Market, by Region, 2019-2029 (USD Billion)
1.2.2. Multirotor Drone Market, by Type, 2019-2029 (USD Billion)
1.2.3. Multirotor Drone Market, by Payload, 2019-2029 (USD Billion)
1.2.4. Multirotor Drone Market, by Application, 2019-2029 (USD Billion)
1.2.5. Multirotor Drone Market, by End-use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Multirotor Drone Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Multirotor Drone Market Dynamics
3.1. Multirotor Drone Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing application of drones in Mapping and Surveying activities Growing non-military applications of drones Strategic initiatives from leading market players
3.1.2. Market Challenges High Cost of Multirotor Drone
3.1.3. Market Opportunities Growing advancements in drone technology Rising expansion of agriculture sector
Chapter 4. Global Multirotor Drone Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Multirotor Drone Market, by Type
6.1. Market Snapshot
6.2. Global Multirotor Drone Market by Type, Performance – Potential Analysis
6.3. Global Multirotor Drone Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Multirotor Drone Market, Sub Segment Analysis
6.4.1. Hexacopters
6.4.2. Tricopters
6.4.3. Quadcopters
6.4.4. Octocopters
Chapter 7. Global Multirotor Drone Market, by Payload
7.1. Market Snapshot
7.2. Global Multirotor Drone Market by Payload, Performance – Potential Analysis
7.3. Global Multirotor Drone Market Estimates & Forecasts by Payload 2019-2029 (USD Billion)
7.4. Multirotor Drone Market, Sub Segment Analysis
7.4.1. Camera and Imaging Systems
7.4.2. Control Systems
7.4.3. Tracking Systems
7.4.4. Others
Chapter 8. Global Multirotor Drone Market, by Application
8.1. Market Snapshot
8.2. Global Multirotor Drone Market by Application, Performance – Potential Analysis
8.3. Global Multirotor Drone Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Multirotor Drone Market, Sub Segment Analysis
8.4.1. Mapping and Surveying
8.4.2. Surveillance, Inspection, and Monitoring
8.4.3. Aerial Photography
8.4.4. Others
Chapter 9. Global Multirotor Drone Market, by End-use
9.1. Market Snapshot
9.2. Global Multirotor Drone Market by End-use, Performance – Potential Analysis
9.3. Global Multirotor Drone Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
9.4. Multirotor Drone Market, Sub Segment Analysis
9.4.1. Commercial
9.4.2. Military and Government
9.4.3. Consumer
Chapter 10. Global Multirotor Drone Market, Regional Analysis
10.1. Multirotor Drone Market, Regional Market Snapshot
10.2. North America Multirotor Drone Market
10.2.1. U.S. Multirotor Drone Market Type breakdown estimates & forecasts, 2019-2029 Payload breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 End-use breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Multirotor Drone Market
10.3. Europe Multirotor Drone Market Snapshot
10.3.1. U.K. Multirotor Drone Market
10.3.2. Germany Multirotor Drone Market
10.3.3. France Multirotor Drone Market
10.3.4. Spain Multirotor Drone Market
10.3.5. Italy Multirotor Drone Market
10.3.6. Rest of Europe Multirotor Drone Market
10.4. Asia-Pacific Multirotor Drone Market Snapshot
10.4.1. China Multirotor Drone Market
10.4.2. India Multirotor Drone Market
10.4.3. Japan Multirotor Drone Market
10.4.4. Australia Multirotor Drone Market
10.4.5. South Korea Multirotor Drone Market
10.4.6. Rest of Asia Pacific Multirotor Drone Market
10.5. Latin America Multirotor Drone Market Snapshot
10.5.1. Brazil Multirotor Drone Market
10.5.2. Mexico Multirotor Drone Market
10.5.3. Rest of Latin America Multirotor Drone Market
10.6. Rest of The World Multirotor Drone Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Aero Systems West Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. AeroVironment Inc.
11.2.3. Australian UAV Pty Ltd
11.2.4. Autel Robotics
11.2.5. Centeye, Inc.
11.2.6. Cyberhawk Innovations Ltd.
11.2.7. DJI Innovations
11.2.8. Draganfly Inc.
11.2.9. Embention
11.2.10. ideaForge Technology Pvt. Ltd.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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