The global multirotor drone market size was US$ 1.8 billion in 2021. The global multirotor drone market size is estimated to reach US$ 5.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.1% during the forecast period from 2022 to 2030.
A multirotor drone is a type of unmanned aerial vehicle (UAV) that has more than one motor that powers the propeller to fly and steer the aircraft. It works on the principle of a conventional helicopter and is the most common type of drone used for making maps and models. These drones are of many types such as tricopter (3 rotors), quadcopter (4 rotors), hexacopter (6 rotors), and octocopter (8 rotors). In addition, these drones can easily navigate small spaces, and a GPS receiver equipped with the drone enables them to hover and maintain a defined path using waypoints. In addition, these drones are a suitable option for long-duration aerial operations and have an enhanced capacity to carry lighter payloads such as cameras.
Factors Affecting Marketing Growth
The increase in nonmilitary applications and demand for drone operability in extreme conditions drives the growth of the global market.
The limited operational bandwidth of drones and stringent drone regulations are the factors that are likely to hinder the growth of the global market.
Technological advancement, government assistance, post-pandemic, and the start of vaccination campaigns across the globe are expected to drive the growth of the global market.
Impact on COVID-19 Analysis
The COVID-19 outbreak resulted in flight cancellations, travel bans, and the implementation of quarantine measures, which made massive disruption of the supply chain and logistics activities across the globe. 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. Moreover, post-pandemic, government assistance and the start of vaccination campaigns across the globe are expected to drive the growth of the global multirotor drone market.
Asia-Pacific is expected to grow at a faster rate as there is a high investment in the research and development of the UAV sector. Political disputes and unrest are propelling the demand growth of multirotor drones in the military and defense sectors. Thus, driving the growth of the global market in the region.
The prominent players in the global multirotor drone market are:
Parrot Drone SAS
Israel Aerospace Industries
Cyberhawk Innovations Ltd.
Australian UAV Pty Ltd
The global multirotor drone market segmentation focuses on Type, Pay Load, Application, End Use, and Region.
Segmentation on the basis of Type
Segmentation on the basis of Pay Load
Camera and Imaging Systems
Segmentation on the basis of Application
Surveillance, Inspection, and Monitoring
Mapping and Surveying
Segmentation on the basis of End Use
Military and Government
Segmentation on the basis of Region
Rest of Western Europe
Rest of Eastern Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America