Multi Rotor Drones Market Key Players Analysis and Growth Forecast by 2031

MARKET OVERVIEW

A multi rotor drone or a rotorcraft are unmanned aerial systems with more than two motors. These rotors have fixed pitch blades and the control of vehicle motion is achieved by varying the relative speed of each rotor to change the thrust and torque produced by each rotor. The market of multi rotor drone is expanding due to the increasing use of UAVs in the military and law enforcement applications.

MARKET SCOPE

The "Global Multi Rotor Drones Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the multi rotor drones market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading multi rotor drones market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on Payload, the global multi rotor drones market is segmented Cameras, Wireless HD Video Transmission Systems, Electro-Optical Sensors, Laser Designators, Obstacle sensors, and Others
•   On the basis of Application, the market is segmented into Surveillance, Research, Aerial Photography, and Others.

MARKET DYNAMICS

Drivers:

•   Flexibility in operation, low cost of ownership and low maintenance cost, and high precision in action
•   Increasing demand of drones from the defense and commercial sectors.

Restraints

•   Declining defense budgets of various countries
•   Lack of skilled operators in certain regions

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The multi rotor drones market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the multi rotor drones market in these regions.

IMPACT OF COVID-19 ON MULTI ROTOR DRONES MARKET

The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption in global supply chain is expected to leave an impact on the defense industry through till mid-2021. With the rising concern of health of the general public, governments across nations are focused on investments on healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, the pandemic has proved that careful coordination is required between all defense and healthcare agencies to ensure effective security measures. Moreover, demand for defense related products such as multi rotor drones will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.

MARKET PLAYERS

The report covers key developments in the multi rotor drones market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from multi rotor drones market are anticipated to lucrative growth opportunities in the future with the rising demand for multi rotor drones in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the multi rotor drones market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Aerovironment Inc.
•   Israel Aerospace Industries (IAI)
•   SZ DJI Technology Co., Ltd.
•   Aibotix GmbH
•   3D Robotics
•   Coptercam Pty. Ltd.
•   Draganfly Inc.
•   Microdrones GmbH
•   FLIR Systems
•   Cyberhawk Innovations Limited

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Multi Rotor Drones Report Scope