Press release
Multirotor Drone Market Coronavirus (COVID-19) : News and Impact Analysis (2021-2027)
Multirotor Drone Market
Access Full Summary @ https://www.alliedmarketresearch.com/multirotor-drone-market-A09185
Regions covered
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa
Companies covered
Coptercam Pty. Ltd., Israel Aerospace Industries, Microdrones GmbH, 3D Robotics Inc., DJI Innovation, AeroVironment Inc., Aibotix GmbH, Aeryon Labs Inc., Cyberhawk Innovations Ltd., and Draganfly.
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Surge in non-military applications, increase in demand for drone operability in extreme conditions, and rise in adoption of automatic tracking system are the factors that drive the global multirotor drone market. However, stringent airspace regulations and lack of skilled pilots hinder the market growth. On the contrary, autonomous flight technology, Internet of Things (IoT), and artificial intelligence present new pathways in the industry.
The global multirotor drone market trends are as follows:
Surge in non-military applications
The demand for multirotor UAVs (drones) for commercial & business applications is increasing, since UAVs can be deployed in emergency healthcare services, urban mobility, and package delivery among others. Recently, Skydio Inc. (an American drone manufacturing company) has deployed drones in pandemic relief efforts with the aid of public safety agencies in US, as part of the company’s emergency response programs. Also, in 2019, Google’s subsidiary company X, partnered with FedEx (a delivery service company headquartered in Tennessee, US) to offer autonomous drone deliveries under project named Wing. Such extensive use of multirotor drones in non-military applications is expected to boost the global UAV market.
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Demand for drone operability in extreme conditions
Multirotor drones are more weather resistant than single or dual motor counterparts. Recently, in 2020, AeroVironment (UAV manufacturer headquartered in California, US) launched a multirotor vertical take-off landing hybrid drone called Quintex Recon. This drone takes advantage of range & speed of multirotor drone with efficiency of a fixed-wing UAV. Quintex Recon has the capacity to withstand wind speeds of 32 KMPH and can operate in temperatures ranging between -17°C and 49°C, with a maximum range of 20 KM for 45 minutes over a single battery flight. Such demand for drone operability in extreme conditions will drive the global multirotor drone market.
Key benefits of the report:
1 This study presents the analytical depiction of the global multirotor drone industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global multirotor drone market share.
3 The current market is quantitatively analyzed from 2020 to 2027 to highlight the global multirotor drone market growth scenario.
4 Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
5 The report provides a detailed global multirotor drone market analysis based on competitive intensity and how the competition will take shape in coming years.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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