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Multirotor Drone Trends and Forecast

The future of the global multirotor drone market looks promising with opportunities in the defense sector, government, and commercial sector markets. The global multirotor drone market is expected to reach an estimated $3.6 billion by 2030 with a CAGR of 11.5% from 2024 to 2030. The major drivers for this market are growing use of unmanned aerial vehicles (UAVs), increase in non-military uses and the need for drones to be able to operate in challenging environments, as well as, rising availability of affordable consumer drones with advanced features and technology.
Multirotor Drone Market by Product, Payload, Application, and End Use

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Multirotor Drone Market by Segments

Multirotor Drone by Segment

The study includes a forecast for the global multirotor drone by product, payload, application, end use, and region.

Multirotor Drone Market by Product [Shipment Analysis by Value from 2018 to 2030]:


• Tricopters
• Quadcopters
• Hexacopters
• Octocopters

Multirotor Drone Market by Payload [Shipment Analysis by Value from 2018 to 2030]:


• Camera
• Wireless HD Transmission Video System
• Electro-Optical Sensors
• Wi-Fi
• GPS
• Laser Designators
• CBRN Sensors
• Others

Multirotor Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:


• Aerial Shooting
• Law Enforcement
• Surveillance & Reconnaissance
• Geographical Inspection
• Commercial Inspection
• Others

Multirotor Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Multirotor Drone Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies multirotor drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the multirotor drone companies profiled in this report include-
• EchoBlue
• ideaForge
• MULTIROTOR
• SZ DJI Technology
• Parrot
• Yuneec International
• Kespry
• Autel Robotics
• Skydio
• Insitu

Multirotor Drone Market Insights

Multirotor Drone Market Insights
Lucintel forecasts that quadcopter will remain the largest segment over the forecast period.
Within this market, defense sector will remain the largest segment due to growth in the application of remotely operated equipment as a substitute to preserve human life in combat.
North America will remain the largest region over the forecast period because the drone usage is increasing in sectors like media, agriculture, and infrastructure inspection in the region.

Features of the Global Multirotor Drone Market

Market Size Estimates: Multirotor drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Multirotor drone market size by various segments, such as by product, payload, application, end use, and region in terms of value ($B).
Regional Analysis: Multirotor drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, payload, application, end use, and regions for the multirotor drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the multirotor drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the multirotor drone market size?
Answer: The global multirotor drone market is expected to reach an estimated $3.6 billion by 2030.
Q2. What is the growth forecast for multirotor drone market?
Answer: The global multirotor drone market is expected to grow with a CAGR of 11.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the multirotor drone market?
Answer: The major drivers for this market are growing use of unmanned aerial vehicles (UAVs), increase in non-military uses and the need for drones to be able to operate in challenging environments, as well as, rising availability of affordable consumer drones with advanced features and technology.
Q4. What are the major segments for multirotor drone market?
Answer: The future of the global multirotor drone market looks promising with opportunities in the defense sector, government, and commercial sector markets.
Q5. Who are the key multirotor drone market companies?
Answer: Some of the key multirotor drone companies are as follows:
• EchoBlue
• ideaForge
• MULTIROTOR
• SZ DJI Technology
• Parrot
• Yuneec International
• Kespry
• Autel Robotics
• Skydio
• Insitu
Q6. Which multirotor drone market segment will be the largest in future?
Answer: Lucintel forecasts that quadcopter will remain the largest segment over the forecast period.
Q7. In multirotor drone market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period because the drone usage is increasing in sectors like media, agriculture, and infrastructure inspection in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the multirotor drone market by product (tricopters, quadcopters, hexacopters, and octocopters), payload (camera, wireless hd transmission video system, electro-optical sensors, wi-fi, gps, laser designators, cbrn sensors, and others), application (aerial shooting, law enforcement, surveillance & reconnaissance, geographical inspection, commercial inspection, and others), end use (defense sector, government, commercial sector, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Multirotor Drone Market, Multirotor Drone Market Size, Multirotor Drone Market Growth, Multirotor Drone Market Analysis, Multirotor Drone Market Report, Multirotor Drone Market Share, Multirotor Drone Market Trends, Multirotor Drone Market Forecast, Multirotor Drone Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. Global Multirotor Drone Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Multirotor Drone Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Multirotor Drone Market by Product
3.3.1: Tricopters
3.3.2: Quadcopters
3.3.3: Hexacopters
3.3.4: Octocopters
3.4: Global Multirotor Drone Market by Payload
3.4.1: Camera
3.4.2: Wireless HD Transmission Video System
3.4.3: Electro-optical Sensors
3.4.4: Wi-Fi
3.4.5: GPS
3.4.6: Laser Designators
3.4.7: CBRN Sensors
3.4.8: Others
3.5: Global Multirotor Drone Market by Application
3.5.1: Aerial Shooting
3.5.2: Law Enforcement
3.5.3: Surveillance & Reconnaissance
3.5.4: Geographical Inspection
3.5.5: Commercial Inspection
3.5.6: Others
3.6: Global Multirotor Drone Market by End Use
3.6.1: Defense Sector
3.6.2: Government
3.6.3: Commercial Sector
3.6.4: Others

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Multirotor Drone Market by Region
4.2: North American Multirotor Drone Market
4.2.1: North American Multirotor Drone Market by Product: Tricopters, Quadcopters, Hexacopters, and Octocopters
4.2.2: North American Multirotor Drone Market by End Use: Defense Sector, Government, Commercial Sector, and Others
4.3: European Multirotor Drone Market
4.3.1: European Multirotor Drone Market by Product: Tricopters, Quadcopters, Hexacopters, and Octocopters
4.3.2: European Multirotor Drone Market by End Use: Defense Sector, Government, Commercial Sector, and Others
4.4: APAC Multirotor Drone Market
4.4.1: APAC Multirotor Drone Market by Product: Tricopters, Quadcopters, Hexacopters, and Octocopters
4.4.2: APAC Multirotor Drone Market by End Use: Defense Sector, Government, Commercial Sector, and Others
4.5: ROW Multirotor Drone Market
4.5.1: ROW Multirotor Drone Market by Product: Tricopters, Quadcopters, Hexacopters, and Octocopters
4.5.2: ROW Multirotor Drone Market by End Use: Defense Sector, Government, Commercial Sector, and Others

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Multirotor Drone Market by Product
6.1.2: Growth Opportunities for the Global Multirotor Drone Market by Payload
6.1.3: Growth Opportunities for the Global Multirotor Drone Market by Application
6.1.4: Growth Opportunities for the Global Multirotor Drone Market by End Use
6.1.5: Growth Opportunities for the Global Multirotor Drone Market by Region
6.2: Emerging Trends in the Global Multirotor Drone Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Multirotor Drone Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Multirotor Drone Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: EchoBlue
7.2: ideaForge
7.3: MULTIROTOR
7.4: SZ DJI Technology
7.5: Parrot
7.6: Yuneec International
7.7: Kespry
7.8: Autel Robotics
7.9: Skydio
7.10: Insitu
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.