Multirotor UAV Market 2018-2023 To Rise at More than 24% CAGR | Global Industry Size, Share, Trends, Segments and Geographic Overview By Leading Players

Global Multirotor UAV Market Research By Application (Military, Homeland Security, Commercial), By Rotors (Less than 10, More than 10), By Payload (Cameras, Electro-Optical Sensors, GPS, Lidar, Laser Designator, and Others), & by Region–Forecast Till 2023

Market research future published a half cooked research report on the global multirotor UAV market. The multirotor UAV market is estimated to witness a CAGR of more than 24% during the forecast period from 2018 to 2023.

The key players in multirotor UAV market are Israel Aerospace Industries (Israel), AeroVironment, Inc. (U.S.), DJI Innovations (China), 3D Robotics, Inc. (U.S.), Microdrones GMBH (Germany), Coptercam (Australia), Cyberhawk Innovations Ltd. (U.K), Aeryon Labs Inc. (Canada), and Draganfly Innovations, Inc. (Canada).

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Market Highlights

The functions of multirotor UAV include image capturing and video recording in remote or hazardous places, which act as a driving factor for the multirotor UAV market growth. These UAVs consist of night vision cameras, which are majorly used for gathering intelligence, weather/traffic monitoring, media and entertainment purposes, environmental research, and agricultural/industrial applications. As a result of their functions, it is estimated that the multirotor UAV market would witness a significant growth in the forthcoming years.

The ability of such aerial vehicles to perform in extreme conditions is one of the key factors for their increased adoption in the commercial market. Moreover, due to the recent technological advancements, multirotor UAVs are widely used in the fields of mining, chemicals, to detect the nuclear and radioactive materials, and construction. Factors such as low operational costs, flexibility in operations, and low cost of ownership also influence the multirotor UAV market growth. In addition, extensive R&D investment is another key reason that leads to the market growth. The rising threats of terrorist attacks, political and regional disputes, and border conflicts are boosting the demand for multirotor UAVs, across the globe. However, the market is adversely affected by factors such as air traffic management rules and limited battery lives or endurance of UAVs. economic downturn and defense budget cuts in some countries in North America and Europe hinder the market growth.

Scope of the Report

This study provides an overview of the multirotor UAV market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific (APAC), the Middle East and Africa, Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global multirotor UAV market by its application, rotors, payload, and region.

By Application

• Military
• Homeland security
• Commercial

By Rotors

• Less than 10
• More than 10

By Payload

• Cameras
• Electro-Optical Sensors
• GPS
• Lidar
• Laser Designator
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Middle East and Africa
• Latin America

Regional Analysis of Multirotor UAV Market

Among regions, Asia-Pacific is expected to be the largest market for multirotor UAV, due to the reason behind the growth of the market for multirotor UAV in Asia-Pacific especially in the defense sector is increasing border security threat. Political disputes and terrorist attacks are fueling the demand for multirotor UAV in this region. Huge investments in the research and development of UAVs is another reason for the growth of multirotor UAV market in Asia-Pacific. The economic downturn and budget cuts are affecting the market growth in North America and Europe.

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The report for Global Multirotor UAV Market by Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

Table of Contents

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis

4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continues....

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