The Latin America, Middle East and Africa Multirotor Drone Market would witness market growth of 18.6% CAGR during the forecast period (2022-2028).
These drones with integrated cameras can be used to take pictures and record videos in hazardous, inaccessible locations. As a result, many different uses for multirotor drones have been discovered, such as surveillance, traffic monitoring, and physical position monitoring. Multirotor drones have also seen widespread use in the fields of chemicals, nuclear, and radioactive materials due to the employment of numerous sensors.
As a result, multirotor drones are widely used in a variety of end-use industries, including media and entertainment, chemicals, infrastructure and construction, environmental research, government and defense, and chemicals. The necessity for speedy access to mission-critical places is one of the main factors propelling the market for multirotor drones. In situations where it is essential to access and monitor a place or a situation, multirotor drones have provided a workable option. Multirotor drones have become very popular in these applications due to their simplicity of usage and design.
Drones are transforming the inspection and maintenance of assets including well sites, storage facilities, pipelines, and offshore structures in the region because it is home to a sizable oil and gas industry. Drone technology is useful at every stage of petroleum production, from rapid and accurate surveys to looking at difficult-to-reach places, saving a significant amount of time and money in the process.
The Brazil market dominated the LAMEA Multirotor Drone Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $66.8 million by 2028. The Argentina market is experiencing a CAGR of 19.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 18.3% during (2022 - 2028).
Based on End-use, the market is segmented into Military & Government, Commercial, and Consumer. Based on Payload, the market is segmented into Camera & Imaging Systems, Control Systems, Tracking Systems, and Others. Based on Type, the market is segmented into Quadcopters, Hexacopters, Tricopters, and Octocopters. Based on Application, the market is segmented into Surveillance, Inspection, & Monitoring, Mapping & Surveying, Aerial Photography, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Multirotor Drone Market is Predict to reach $3.6 Billion by 2028, at a CAGR of 13.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AeroVironment, Inc., SZ DJI Technology Co., Ltd., Autel Robotics, ideaForge Technology Pvt. Ltd., Draganfly Inc., Embention Sistemas Inteligentes SA, Aero Systems West Inc., Australian UAV Pty Ltd, Centeye, Inc., and Cyberhawk Innovations Ltd.
By End-use
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