Multirotor Drone Market Growing at 13.1% from 2022 to 2031, to Hit USD 6.30 Billion by 2031

In-depth analysis of the multirotor drone market segmentation assists to determine the prevailing market opportunities.

WILMINGTON, DE, UNITED STATES, December 20, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, “Multirotor Drone Market," The multirotor drone market was valued at $1.86 billion in 2021, and is estimated to reach $6.30 billion by 2031, growing at a CAGR of 13.1% from 2022 to 2031.

North America is expected to dominate the global multirotor drone market in 2021. North America is a technologically advanced region and thus, adoption rate of drone technology is higher. The region has observed a significant surge in the use of advanced unmanned autonomous systems (UAS) technologies to reduce human labor and improve output quality across a variety of industries. The countries in North America are substantially investing in the adoption of drone services to improve the efficiency of their operations. The presence of premier defense equipment manufacturers in the North American region further increases the contribution of the North American countries in the global multirotor drone market.

The military and government segment accounted for a major share in 2021. Military drones are gaining increased traction due to upsurge in defense budget of different nations, increase in rivalry between neighboring nations, and greater need for surveillance in remote locations. Moreover, advancements in technology enables drone manufacturers to develop advanced solutions to perform several tasks during a critical military missions. Manufacturers are developing multirotor drones with the capabilities of fixed wing drones. These factors collectively are expected to contribute toward the growth of the global market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 (303 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭 https://www.alliedmarketresearch.com/request-sample/A09185

The growth of the global multirotor drone market is propelled due to surge in nonmilitary applications and demand for drone operability in extreme conditions. However, limited operational bandwidth of the drones and stringent drone regulations are the factors that are likely to hamper the expansion of the market. Furthermore, technological advancements are expected to offer growth opportunities during the forecast period.

KEY FINDINGS OF THE STUDY

By type, the octocopters segment is anticipated to exhibit significant growth in the near future.
By payload, the tracking systems segment is anticipated to exhibit significant growth in the near future.
By application, the others segment is anticipated to exhibit significant growth in the near future.
By end-use, the commercial segment is anticipated to exhibit significant growth in the near future.
By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

Key players operating in the global multirotor drone market include Aero Systems West Inc.
Aerovironment, Inc.
AUAV (Australian UAV Pty Ltd.)
Autel Robotics
Centeye, Inc.
Cyberhawk Innovations Ltd.
DJI Innovations
Draganfly Inc.
Embention
IdeaForge Technology Pvt. Ltd.
Israel Aerospace Industries (IAI)
Microdrones GmbH
Parrot Drone SAS
Tomahawk Robotics Inc.
XAG Co. Ltd.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐭 https://www.alliedmarketresearch.com/request-for-customization/A09185

Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the multirotor drone market analysis from 2021 to 2031 to identify the prevailing multirotor drone market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the multirotor drone market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global multirotor drone market trends, key players, market segments, application areas, and market growth strategies.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐚𝐧𝐝 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐋𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/aircraft-lighting-market-A06273
𝐙𝐞𝐫𝐨-𝐄𝐦𝐢𝐬𝐬𝐢𝐨𝐧 𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/zero-emission-aircraft-market-A11848
𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐒𝐞𝐧𝐬𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/aircraft-sensors-market-A06225

David Correa
Allied Market Research
+ +1 800-792-5285
email us here
Visit us on social media:
Facebook
X