Multirotor Drones Market Size, Share, Growth, Trends and Forecast 2016 – 2023

Multirotor drones are much simpler to operate and such simplicity of operation encourages users to prefer it over other forms of drone. The multirotor drone is controlled by changing the relative speed of the rotor and adjusting the thrust produced by each of the rotor. The multirotor drone market is expected to grow at a potential rate in the next decade. Increase in use of multirotor drones in law enforcement is driving the multirotor drones market.

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Global key players operating in the multirotor drone market are AeroVironment, Inc (U.S), DJI Innovation (China), Israel Aerospace Industries (Israel), Microdrones GmBh and 3D Robotics (U.S). These companies dominate the multirotor drones market and are expected to dominate the market in coming years. Aibotix (Germany), Draganfly Innovations (Canada), Coptercam (Australia), Cyberhawk Innovation Lltd. (U.K), are the other important players’ operationg in the multirotor drones market.

Effectiveness of the multirotor drones and the technological advancement that is achieved in this field, ability to perform under extreme conditions and several innovative applications are the major factors driving the multirotor drone market. Moreover rise in production of mutirotor drones for non-military application like aerial shooting, agriculture, environmental inspection, sports coverage has positively impacted the multirotor market further. Multirotor drones offer multiple benefits such as flexibility in operation, high precision in action, low operational cost and low cost of ownership are among other factors that are driving the multirotor drones market. These factors have increased degree of acceptability for multirotor drone for military and commercial usage. The penetration of the multirotor drone in the aerial shooting applications is high compared to any other application. Procedural issues and air traffic management norms in terms of mandatory supervision on the drone are some of the challenges faced by the multirotor drones market.

By payload the multirotor drone market can be segmented into cameras, wireless HD Video Transmission Systems, Electro-Optical Sensors, Wi-FI, GPS/Ins, Lidar, Chemical, Biological, Radiological and Nuclear (CBRN) sensors, Laser designators and sense & Avoid/tracking system. By application, the multirotor drones can be segmented into aerial shooting, defense, law enforcement, business & commerce and environment inspection.

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