What is Multirotor Drones Market?
Multirotor drones refers to drones with more than two rotors. Multirotor drone market is booming owing to rising applications in the defense, aerial shooting, law enforcement, business & commerce, and environmental inspection. Simplicity in design and ease of use of multirotor drones propelling the non-military applications of multirotor drones. Further, increasing demand from the developing economies and technological advancement in the multirotor drones expected to drive the demand for multirotor drones over the forecasted period.
The market study is being classified, by Application (Defense, Aerial Shooting, Law Enforcement, Business & Commerce and Environmental Inspection) and major geographies with country level break-up.
AeroVironment, Inc. (United States), Israel Aerospace Industries (Israel), DJI Innovations (China), 3D Robotics (United States), Microdrones GMBH (Germany), Aibotix (Germany), Coptercam (Australia), Draganfly Innovations (Canada), Aeryon Labs (Canada) and Cyberhawk Innovations Ltd. (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are IFlight Technology Company Limited (Hong Kong), Yuneec International (China) and Autel Robotics (United States).
Research Analyst at AMA predicts that United States, China Players will contribute to the maximum growth of Global Multirotor Drones market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Multirotor Drones market by Type, Application and Region.
On the basis of geography, the market of Multirotor Drones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Multirotor Drones for Aerial Shooting
- AI And Machine Learning Deployment to Boost Drone Automation
Market Trend
- Emphasizing On Development of Batteries to Increase the Flying Period of Drones
- Technological Advancement to Enhanced Drone Payload
Restraints
- Lack of Skilled Drone Operators
- Stringent Government Regulations Regarding Air Traffic Management
Opportunities
- Growing Demand of Drones for Non-Military Application
- Rising Demand from the Developing Economies
Challenges
- Restriction on Commercial Use of Multirotor Drones in Various Countries
25th May 2019, Researchers in New York developed an artificial intelligence technology-based system which will help in easy landing by modifies its landing trajectory and rotor speed with less power.
Key Target Audience
Manufacturers of Multirotor Drones, Suppliers/Distributors Multirotor Drones, Potential Investors, Government Regulatory Authorities, Research and Development Companies and Others