The Worldwide Multirotor Drone Market is Projected to reach USD 3.6 Billion by 2028, at a CAGR of 13.4%

Published Date: 23-Sep-2022

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Multirotor Drone Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Multirotor Drone Market size is expected to reach $3.6 billion by 2028, rising at a market growth of 13.4% CAGR during the forecast period.

The Commercial segment has shown the growth rate of 13.6% during (2022 - 2028). It is because drones are instruments with the ability to rethink some of the most important aspects of how mankind functions. Drones are assisting several industries, including agriculture, public safety & emergency services, surveying, mining, and more, to become safer, as well as more efficient, productive, and secure.

The Camera & Imaging Systems segment acquired maximum revenue share in the Global Multirotor Drone Market by Payload in 2021 thereby, achieving a market value of $1.5 billion by 2028. It is because they typically include a lens, a processor module, an image sensor, and a lens mount. As there is typically only a small power supply on board, any demand on this power source limits the distance the drones can fly, hence good power efficiency and low heat generation are also crucial.

The Hexacopters segment is showcasing a CAGR of 13.7% during (2022 - 2028). It is because even at great heights and in thin air, these drones can maintain flight. Even in strong winds, their rotors can cut through the air and keep them in control. The prefix "hex" refers to a drone with six motors and six propellers or a hexacopter. The main body is surrounded by a circular arrangement of propellers.

The Surveillance, Inspection, & Monitoring segment is leading the Global Multirotor Drone Market by Application in 2021 thereby, achieving a market value of $1.7 billion by 2028. A monitoring system is created as a transitional mechanism between ground and aerial surveys. As opposed to a satellite or a plane, the multirotor drone is equipped with all the measurement instruments necessary to collect detailed data at low altitudes.

The North America market dominated the Global Multirotor Drone Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.4 billion by 2028. The Europe market is exhibiting a CAGR of 12.8% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 14.3% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/multirotor-drone-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Multirotor Drone Market Segmentation

By End-use

  • Military & Government
  • Commercial
  • Consumer

By Payload

  • Camera & Imaging Systems
  • Control Systems
  • Tracking Systems
  • Others

By Type

  • Quadcopters
  • Hexacopters
  • Tricopters
  • Octocopters

By Application

  • Surveillance, Inspection, & Monitoring
  • Mapping & Surveying
  • Aerial Photography
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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.
  • Cyberhawk Innovations Ltd.

Unique Offerings from KBV Research

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Related Reports:

North America Multirotor Drone Market size & Opportunities 2022-2028

Europe Multirotor Drone Market & Growth Forecast 2022-2028

Asia Pacific Multirotor Drone Market Share & Industry Outlook to 2028

LAMEA Multirotor Drone Market Growth, Trends & Forecasts 2022-2028

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