Multirotor Drone Market
Multirotor Drone Market Forecasts to 2030 - Global Analysis By Type (Quadcopters, Hexacopters, Tricopters, Octocopters and Other Types), Battery Type, Payload Capacity, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $26.1 BN |
|
Projected Year Value (2030) |
US $75.7 BN |
|
CAGR (2024 - 2030) |
19.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Multirotor Drone Market is accounted for $2.8 billion in 2024 and is expected to reach $6.5 billion by 2030 growing at a CAGR of 15.1% during the forecast period. A multirotor drone is an unmanned aerial vehicle (UAV) that uses multiple rotors to achieve flight. Typically equipped with four (quadcopter), six (hexacopter), or eight (octocopter) rotors, these drones offer enhanced stability and maneuverability compared to traditional fixed-wing aircraft. They are widely used in various applications, including aerial photography, surveying, agriculture, and delivery services. The ability to hover, take off, and land vertically makes multirotor drones versatile tools for both recreational and commercial purposes.
Market Dynamics:
Driver:
Growing demand for surveillance and security
The growing demand for surveillance and security applications is significantly boosting the market. These drones provide efficient aerial monitoring capabilities for various sectors, including law enforcement and critical infrastructure protection. Their ability to cover vast areas quickly, capture high-resolution images, and operate in real-time enhances situational awareness and response times. As safety concerns escalate, organizations increasingly rely on multirotor drones to bolster their security measures and improve operational efficiency.
Restraint:
Limited payload capacity
Limited payload capacity in the multirotor drone market poses challenges for various applications, restricting the types of equipment and materials that can be transported. This limitation affects industries like delivery services, where larger packages cannot be accommodated, and aerial surveying, which may require heavier sensors. Consequently, businesses may face operational constraints, leading to higher costs or the need for additional drones, ultimately limiting the efficiency and effectiveness of drone utilization in specific tasks.
Opportunity:
Rising demand in agriculture
The rising demand for multirotor drones in agriculture is transforming farming practices by enhancing efficiency and productivity. These drones facilitate tasks such as crop monitoring, precision spraying, and soil analysis, allowing farmers to gather real-time data and make informed decisions. Their ability to cover large areas quickly helps optimize resource usage and reduce costs. As the agricultural sector increasingly adopts technology, multirotor drones are becoming essential tools for modern farming strategies.
Threat:
Public perception and privacy concerns
Public perception and privacy concerns significantly impact the market. Many individuals worry about surveillance and the potential misuse of drones for invasive monitoring, leading to calls for stricter regulations. This apprehension can hinder widespread adoption, particularly in residential areas. As drone technology advances, addressing privacy issues through transparent practices and robust guidelines is essential to foster public trust and ensure that the benefits of drones are recognized without compromising individual privacy rights.
Covid-19 Impact:
The COVID-19 pandemic had a notable impact on the market, accelerating the adoption of drones in various sectors. As traditional operations faced disruptions, industries like delivery services, agriculture, and healthcare increasingly turned to drones for contactless solutions. Enhanced demand for remote monitoring and aerial delivery highlighted drones' versatility, prompting investments in technology and infrastructure. This shift has positioned the drone market for sustained growth even beyond the pandemic.
The quadcopters segment is projected to be the largest during the forecast period
The quadcopters segment is projected to account for the largest market share during the projection period. Their design makes them ideal for various applications, including aerial photography, recreational flying, and agricultural monitoring. Quadcopters are user-friendly, making them popular among hobbyists and professionals alike. As technology advances, features like improved battery life, high-resolution cameras, and advanced navigation systems continue to boost their appeal, driving growth in the multirotor drone sector.
The crop monitoring segment is expected to have the highest CAGR during the forecast period
The crop monitoring segment is expected to have the highest CAGR during the extrapolated period. Equipped with advanced sensors and imaging technologies, these drones can quickly assess vegetation health, detect pests, and evaluate soil conditions. This precision farming approach enables farmers to make informed decisions about resource allocation, irrigation, and pesticide application, ultimately enhancing yield and reducing costs. As awareness of these benefits grows, the adoption of drones for crop monitoring is rapidly increasing.
Region with largest share:
North America region is projected to account for the largest market share during the forecast period driven by increasing adoption across various sectors, including agriculture, surveillance, and delivery services. Technological advancements, such as improved battery life and enhanced imaging capabilities, are further propelling market expansion. Regulatory support and a growing focus on innovative applications, including disaster response and infrastructure inspection, also contribute to the region's prominence.
Region with highest CAGR:
Asia Pacific is expected to register the highest growth rate over the forecast period. Innovations in drone technology, such as enhanced sensors and payload capabilities, are expanding the operational scope of multirotor drones into sectors like infrastructure monitoring, and emergency services and the demand for multirotor drones is surging in non-military applications, particularly in surveillance, inspection, and delivery services. This trend is further fueled by the need for efficient solutions in logistics and monitoring.
Key players in the market
Some of the key players in Multirotor Drone market include Parrot SA, Autel Robotics, Skydio Inc., AeroVironment Inc., 3D Robotics, Inc., Lockheed Martin Corporation, The Boeing Company, Ambarella, Inc., Aerialtronics, 3D Robotics, Inc., Delair, Xer Technologies and Skyports Drone Services.
Key Developments:
In May 2024, Xer Technologies forged a strategic partnership with Wedgetail Aerospace, a premier drone solutions provider in Australia. Leveraging this collaboration, Wedgetail now offers long-range inspection services powered by the Xer X8, Xer Technologies' flagship heavy-duty UAV.
In Aug 2023, Skyports Drone Services unveiled Speedbird Aero as its latest aircraft partner for the Orkney I-Port operation, an innovative drone delivery initiative pioneered in collaboration with Royal Mail, Orkney Islands Council Harbour Authority, and Loganair.
Types Covered:
• Quadcopters
• Hexacopters
• Tricopters
• Octocopters
• Other Types
Battery Types Covered:
• Lithium Polymer (LiPo) Batteries
• Lithium-ion (Li-ion) Batteries
• Nickel-Metal Hydride (NiMH) Batteries
• Fuel Cell Batteries
• Other Battery Types
Payload Capacities Covered:
• Lightweight
• Medium
• Heavy-Duty
Applications Covered:
• Crop Monitoring
• Aerial Photography
• Bridges
• Reconnaissance
• Firefighting
• Other Applications
End Users Covered:
• Agriculture
• Infrastructure
• Military & Defense
• Consumer
• Emergency Services
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Multirotor Drone Market, By Type
5.1 Introduction
5.2 Quadcopters
5.3 Hexacopters
5.4 Tricopters
5.5 Octocopters
5.6 Other Types
6 Global Multirotor Drone Market, By Battery Type
6.1 Introduction
6.2 Lithium Polymer (LiPo) Batteries
6.3 Lithium-ion (Li-ion) Batteries
6.4 Nickel-Metal Hydride (NiMH) Batteries
6.5 Fuel Cell Batteries
6.6 Other Battery Types
7 Global Multirotor Drone Market, By Payload Capacity
7.1 Introduction
7.2 Lightweight
7.3 Medium
7.4 Heavy-Duty
8 Global Multirotor Drone Market, By Application
8.1 Introduction
8.2 Crop Monitoring
8.3 Aerial Photography
8.4 Bridges
8.5 Reconnaissance
8.6 Firefighting
8.7 Other Applications
9 Global Multirotor Drone Market, By End User
9.1 Introduction
9.2 Agriculture
9.3 Infrastructure
9.4 Military & Defense
9.5 Consumer
9.6 Emergency Services
9.7 Other End Users
10 Global Multirotor Drone Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Parrot SA
12.2 Autel Robotics
12.3 Skydio Inc.
12.4 AeroVironment Inc.
12.5 3D Robotics, Inc.
12.6 Lockheed Martin Corporation
12.7 The Boeing Company
12.8 Ambarella, Inc.
12.9 Aerialtronics
12.10 3D Robotics, Inc.
12.11 Delair
12.12 Xer Technologies
12.13 Skyports Drone Services
List of Tables
1 Global Multirotor Drone Market Outlook, By Region (2022-2030) ($MN)
2 Global Multirotor Drone Market Outlook, By Type (2022-2030) ($MN)
3 Global Multirotor Drone Market Outlook, By Quadcopters (2022-2030) ($MN)
4 Global Multirotor Drone Market Outlook, By Hexacopters (2022-2030) ($MN)
5 Global Multirotor Drone Market Outlook, By Tricopters (2022-2030) ($MN)
6 Global Multirotor Drone Market Outlook, By Octocopters (2022-2030) ($MN)
7 Global Multirotor Drone Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Multirotor Drone Market Outlook, By Battery Type (2022-2030) ($MN)
9 Global Multirotor Drone Market Outlook, By Lithium Polymer (LiPo) Batteries (2022-2030) ($MN)
10 Global Multirotor Drone Market Outlook, By Lithium-ion (Li-ion) Batteries (2022-2030) ($MN)
11 Global Multirotor Drone Market Outlook, By Nickel-Metal Hydride (NiMH) Batteries (2022-2030) ($MN)
12 Global Multirotor Drone Market Outlook, By Fuel Cell Batteries (2022-2030) ($MN)
13 Global Multirotor Drone Market Outlook, By Other Battery Types (2022-2030) ($MN)
14 Global Multirotor Drone Market Outlook, By Payload Capacity (2022-2030) ($MN)
15 Global Multirotor Drone Market Outlook, By Lightweight (2022-2030) ($MN)
16 Global Multirotor Drone Market Outlook, By Medium (2022-2030) ($MN)
17 Global Multirotor Drone Market Outlook, By Heavy-Duty (2022-2030) ($MN)
18 Global Multirotor Drone Market Outlook, By Application (2022-2030) ($MN)
19 Global Multirotor Drone Market Outlook, By Crop Monitoring (2022-2030) ($MN)
20 Global Multirotor Drone Market Outlook, By Aerial Photography (2022-2030) ($MN)
21 Global Multirotor Drone Market Outlook, By Bridges (2022-2030) ($MN)
22 Global Multirotor Drone Market Outlook, By Reconnaissance (2022-2030) ($MN)
23 Global Multirotor Drone Market Outlook, By Firefighting (2022-2030) ($MN)
24 Global Multirotor Drone Market Outlook, By Other Applications (2022-2030) ($MN)
25 Global Multirotor Drone Market Outlook, By End User (2022-2030) ($MN)
26 Global Multirotor Drone Market Outlook, By Agriculture (2022-2030) ($MN)
27 Global Multirotor Drone Market Outlook, By Infrastructure (2022-2030) ($MN)
28 Global Multirotor Drone Market Outlook, By Military & Defense (2022-2030) ($MN)
29 Global Multirotor Drone Market Outlook, By Consumer (2022-2030) ($MN)
30 Global Multirotor Drone Market Outlook, By Emergency Services (2022-2030) ($MN)
31 Global Multirotor Drone Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
