“Multirotor
Drones Market: Global Demand Analysis & Opportunity Outlook 2024”
The global multirotor drones market
is segmented into product type such as tricopters, quadcopters, hexacopters,
octocopters and others. Among these segments, quadcopters segment is expected
to flourish during the forecast period. The rise of the quadcopters segment is
backed by its compact and lightweight design. Moreover, quadcopters are
witnessing high demand from various sectors such as media and entertainment,
agriculture, defense and others owing to its ease controlling.
The global multirotor drones market
was valued at USD 12.6 Billion in 2016. Global multirotor drones market is
expected to register a remarkable CAGR over the forecast period. Growing
utilization of drones in farming and military applications is anticipated to
bolster the growth of global multirotor drones market during the forecast period.
The agriculture segment by
application is likely to grow at remarkable pace during the forecast period.
Growing adoption of multirotor drones in agriculture sector due to their
ability to their ability to perform various tasks such as field mapping, crop
management, spraying and more is a key factor which is likely to drive the
growth of this segment during the forecast period.
Implementation of
drones in industries
Various industries such as agriculture, construction,
drone service, education, mining, oil & gas and others are rapidly adopting
multicopter drones. Further, growing adoption of multirotor drones in various
industries due to its cheap cost, compact design, light weight and good
controlling features are also a major factor which is driving the growth of
global multirotor drones market in near future.
Use of multirotor
drones for public safety
Growing adoption of multirotor
drones by law and enforcement authorities is a major factor which is driving
the growth of global multirotor drones market. Further, increasing application
of multirotor drones in search and rescue, disaster relief planning and
management is likely to foster the growth of global multirotor drones market.
Although, government
regulations regarding the violation of privacy policies and high cost of multirotor
drones are some of the factors that are likely to inhibit the growth of the multirotor drones market during
the forecast period.
The
report titled “Multirotor
Drones Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of
the global multirotor drones market in terms of market segmentation by product
type, by application, by end-user and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global multirotor
drones market which includes company profiling of
AeroVironment Inc., DJI Innovations Inc., MicroDrones GmBh, Lockheed Martin
LMT, PrecisionHawk Inc., 3D Robotics, Aibotix GmBh, Dragonfly Innovations, Coptercam,
Cyberhawk Innovation Ltd. The profiling enfolds key information of the
companies which encompasses business overview, products and services, key
financials and recent news and developments. On the whole, the report depicts
detailed overview of the global multirotor drones market that will help
industry consultants, equipment manufacturers, existing players searching for
expansion opportunities, new players searching possibilities and other
stakeholders to align their market centric strategies according to the ongoing
and expected trends in the future.
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research, kindly visit: https://www.researchnester.com/reports/multirotor-drones-market-global-demand-analysis-opportunity-outlook-2024/361
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