Global Multirotor Drone Market Overview:
Incorporation advanced technology in the military and defense sector has led to the development of highly efficient equipment that is utilized for enhanced surveillance experience. Multirotor UAV (unmanned aerial vehicle) is one such advanced device that consists of more than two rotors and can be operated remotely. Market Research Future (MRFR) has published a report stating that the global multirotor drone market is marked to expand remarkably at a CAGR of 24% during the forecast period of 2018-2023.
Global Multirotor Drone Market Competitive Dashboard:
The players in the global multirotor UAV market are collaborating with other organizations and carrying out strategic mergers and acquisitions for the introduction of technologically advanced unmanned aerial vehicles in the global market. For instance, in July 2018, Azerbaijan has signed a memorandum of understanding with Israel’s company Aeronautics for the joint production of Pegasus 120 multirotor UAVs.
The leading players profiled by MRFR that are operating in the global multirotor UAV market are Israel Aerospace Industries (Israel), AeroVironment, Inc. (the U.S.), DJI Innovations (China), 3D Robotics, Inc. (the U.S.), Microdrones GMBH (Germany), Coptercam (Australia), Cyberhawk Innovations Ltd. (the U.K.), Aeryon Labs Inc. (Canada), and Draganfly Innovations, Inc. (Canada).
Global Multirotor Drone Market Drivers and Restraints:
Rapid development of drone technology and incorporation technologically advanced upgrades are leading to the introduction of highly efficient devices that aid in carrying out improved surveillance activities. Rise in threat of terrorist attacks, increased terrorist activities and proliferation in incidences of illegal trespassing have induced high demand for improved surveillance systems in the military and defense sector of various regions.
High demand for multirotor drones for carrying out surveillance activities, for obtaining aerial photographs and for conservation of wildlife are some of the primary factors that are propelling the growth of the global multirotor drone market. however, complexities related to the design of the device and high cost of UAV are likely to restrain the growth of the global multirotor UAV market during the forecast period.
Global Multirotor Drone Market Segmentation:
The global multirotor unmanned aerial vehicle market has been segmented on the basis of application, rotors and payload. Based on application, the multirotor UAV market has been segmented into military, homeland security, and commercial. The military segment is expanding at a significant rate in the global multirotor UAV market owing to the high demand for advanced unmanned aerial vehicles for surveillance and other purposes.
Based on rotors, the multirotor UAV market has been segmented into less than 10 and more than 10. Based on payload, the multirotor drone market has been segmented into cameras, electro-optical sensors, GPS, LIDAR, and laser designator. The camera segment is forecasted to command for a major share in the global multirotor UAV market.
Global Multirotor Drone Market Regional Analysis:
Geographically, the global multirotor UAV market has been segmented into five major regions such a North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. The Asia Pacific region commands for the major share in the global multirotor UAV market owing to the high demand for technologically advanced unmanned aerial vehicles in the military and defense sector due to increased threat of terrorist attacks and emergence for enhanced border security in this region.
The North America region is forecasted to project noteworthy growth in the global multirotor UAV market owing to the increased adoption of advanced technology and high investment from defense sector for adopting advanced solutions for improving surveillance activities in this region.
Rise in incorporation of technologically advanced solutions for strengthening the military and defense sector in the Europe region is major propelling the growth of multirotor drone market in this region. Existence of geopolitical disputes, rise in terrorist activities and high demand for top-class surveillance system for conservation of wildlife are some of the major factors that are fueling the growth of the multirotor UAV market in the Middle East and Africa region. Whereas, increased investment for improving border security is driving the multirotor UAV market in the Latin America region.
Global Multirotor Drone Market Research By Application (Military, Homeland Security, Commercial), By Rotors (Less than 10, More than 10), By Payload (Cameras, Electro-Optical Sensors, GPS, Lidar, Laser Designator, and Others), & by Region–Forecast Till 2023 @ https://www.marketresearchfuture.com/reports/multirotor-uav-market-6244