Market Overview:
Multirotors are aerial vehicles that have more than one rotor. Multirotors can be classified by the number of rotors they have: 3-rotor, 4-rotor, 6-rotor, and 8-rotor. Multirotors are also classified by their application: commercial use and military use. The global multirotors market is expected to grow from USD 2.5 billion in 2018 to USD 7.8 billion by 2030, at a CAGR of 16.5% during the forecast period.
Product Definition:
Multirotors are aerial vehicles that have more than two rotors. Multirotors are important because they can provide lift and stability for payloads, which can include cameras, sensors, or other devices. Multirotors also offer opportunities for unmanned operations, making them ideal for tasks such as surveying or security monitoring.
3-rotor Multirotors:
3-rotor multirotors are a type of hybrid vehicle that is made up of three main wheels and one steerable wheel. The 3-rotor multirotor has advantages over 2-rotor or 4-rotor multi rotor in terms of stability, handling and efficiency. It also offers better performance in adverse weather conditions such as windy roads or high G forces.
4-rotor Multirotors:
4-rotor multirotors are a special type of multirotor which consists of four main rotors. These multirotors have more advantages over the conventional 2- or 3- rotor ones as they can carry heavy payloads at a greater distance and also provide better stability in flight. The 4th main rotor provides additional lift, thus increasing the overall efficiency of the system.
The 4th main rotor is generally fixed with respect to its position.
Application Insights:
The commercial use segment dominated the global multirotors market in 2017. This is attributed to the growing number of companies focusing on R&D for developing new products and services. Moreover, increasing MRO activities by various international airframers are expected to augment product demand over the forecast period. Military use is projected to witness a significant CAGR of XX% from 2018 to 2030 owing to increased government spending on military modernization programs across countries such as China, India and Russia. These nations are investing significantly in developing their aerospace industry which will eventually result in higher demand for multirotors over the next eight years.
The military application segment accounted for a considerable share of revenue in 2017 due largely to extensive government funding towards research & development activities within countries such as Australia.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period owing to increasing adoption by commercial entities for aerial imaging and video inspection. Moreover, presence of key players such as DJI, Yuneec International BV, Hover Camera Systems GmbH & Co., Ltd., and 3D Robotics LLC will continue to drive regional growth over the next eight years.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand from developing countries such as China and India. Increasing use cases including agricultural monitoring, industrial surveillance are also driving regional product demand in Multirotor helicopters market space.
Growth Factors:
- Increasing demand for drones in commercial and military applications
- Rising popularity of drone racing as a sport
- Proliferation of low-cost drones and development of advanced features
- Growing use of drones for aerial photography and videography
- Advances in autonomous flight technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Multirotors Market Research Report
By Type
3-rotor Multirotors, 4-rotor Multirotors, 6-rotor Multirotors, 8-rotor Multirotors
By Application
Commercial Use, Military Use
By Companies
Israel Aerospace Industries (IAI), Draganfly Innovations, Aerovironment, Inc., Coptercam, Aibotix, Aeryon Labs, Dji Innovations, Cyberhawk Innovations Ltd., Microdrones GmbH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Multirotors Market Report Segments:
The global Multirotors market is segmented on the basis of:
Types
3-rotor Multirotors, 4-rotor Multirotors, 6-rotor Multirotors, 8-rotor Multirotors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Use, Military Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Israel Aerospace Industries (IAI)
- Draganfly Innovations
- Aerovironment, Inc.
- Coptercam
- Aibotix
- Aeryon Labs
- Dji Innovations
- Cyberhawk Innovations Ltd.
- Microdrones GmbH
Highlights of The Multirotors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 3-rotor Multirotors
- 4-rotor Multirotors
- 6-rotor Multirotors
- 8-rotor Multirotors
- By Application:
- Commercial Use
- Military Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multirotors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Multirotors are a type of aircraft that can be flown using multiple rotors. These aircraft are often used for aerial photography and videography, as well as recreational flying.
Some of the major players in the multirotors market are Israel Aerospace Industries (IAI), Draganfly Innovations, Aerovironment, Inc., Coptercam, Aibotix, Aeryon Labs, Dji Innovations, Cyberhawk Innovations Ltd., Microdrones GmbH.
The multirotors market is expected to grow at a compound annual growth rate of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multirotors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Multirotors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Multirotors Market - Supply Chain
4.5. Global Multirotors Market Forecast
4.5.1. Multirotors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Multirotors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Multirotors Market Absolute $ Opportunity
5. Global Multirotors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Multirotors Market Size and Volume Forecast by Type
5.3.1. 3-rotor Multirotors
5.3.2. 4-rotor Multirotors
5.3.3. 6-rotor Multirotors
5.3.4. 8-rotor Multirotors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Multirotors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Multirotors Market Size and Volume Forecast by Application
6.3.1. Commercial Use
6.3.2. Military Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Multirotors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Multirotors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Multirotors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Multirotors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Multirotors Demand Share Forecast, 2019-2026
9. North America Multirotors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Multirotors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Multirotors Market Size and Volume Forecast by Application
9.4.1. Commercial Use
9.4.2. Military Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Multirotors Market Size and Volume Forecast by Type
9.7.1. 3-rotor Multirotors
9.7.2. 4-rotor Multirotors
9.7.3. 6-rotor Multirotors
9.7.4. 8-rotor Multirotors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Multirotors Demand Share Forecast, 2019-2026
10. Latin America Multirotors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Multirotors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Multirotors Market Size and Volume Forecast by Application
10.4.1. Commercial Use
10.4.2. Military Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Multirotors Market Size and Volume Forecast by Type
10.7.1. 3-rotor Multirotors
10.7.2. 4-rotor Multirotors
10.7.3. 6-rotor Multirotors
10.7.4. 8-rotor Multirotors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Multirotors Demand Share Forecast, 2019-2026
11. Europe Multirotors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Multirotors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Multirotors Market Size and Volume Forecast by Application
11.4.1. Commercial Use
11.4.2. Military Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Multirotors Market Size and Volume Forecast by Type
11.7.1. 3-rotor Multirotors
11.7.2. 4-rotor Multirotors
11.7.3. 6-rotor Multirotors
11.7.4. 8-rotor Multirotors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analsis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Multirotors Demand Share, 2019-2026
12. Asia Pacific Multirotors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Multirotors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Multirotors Market Size and Volume Forecast by Application
12.4.1. Commercial Use
12.4.2. Military Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Multirotors Market Size and Volume Forecast by Type
12.7.1. 3-rotor Multirotors
12.7.2. 4-rotor Multirotors
12.7.3. 6-rotor Multirotors
12.7.4. 8-rotor Multirotors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Multirotors Demand Share, 2019-2026
13. Middle East & Africa Multirotors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Multirotors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Multirotors Market Size and Volume Forecast by Application
13.4.1. Commercial Use
13.4.2. Military Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Multirotors Market Size and Volume Forecast by Type
13.7.1. 3-rotor Multirotors
13.7.2. 4-rotor Multirotors
13.7.3. 6-rotor Multirotors
13.7.4. 8-rotor Multirotors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Multirotors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Multirotors Market: Market Share Analysis
14.2. Multirotors Distributors and Customers
14.3. Multirotors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Israel Aerospace Industries (IAI)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Draganfly Innovations
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aerovironment, Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Coptercam
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aibotix
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Aeryon Labs
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dji Innovations
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cyberhawk Innovations Ltd.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Microdrones GmbH
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
