The Global Multi-Rotor Drone Market is forecasted to be worth USD 8.49 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the Multi-Rotor Drone by the defense agencies intelligence bureau, newer use cases of multi-rotor drones in commercial sectors, and advacment in camera battery technology, to name a few.
Besides, extensive rise in the cross-border conflict, broadening the number of the existing miliitary monitoring controling technology and their further upgradation based on specific needs, and asymmetric warfare along with intercountry border conflicts are some of the additional reasons behind the remarkable growth of the market. The ability of the Multi-Rotor Drone to carry heavier higher capacity of payload make it suitable for many different end-uses. These have been considered as a preferable option to the applications of inspections payload carriers, where a higher precision maneuvering ability to fly in multiple directions in difficult places, special target for extended periods is required.
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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Multi-Rotor Drone market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Multi-Rotor Drone market landscape.
The key companies studied in the report are:
DJI, AeroVironment, Inc., Mota Group, Inc., Skyrocket Toys LLC, Guangdong Cheerson Hobby Technology Co., Ltd, Hubsan Technology Company Ltd., Prox Dynamics, Microdrones, Aerix Drone, and Acumen Robot Intelligence (ARI), among others.
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Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Emergen Research has segmented into the global Multi-Rotor Drone Market on the basis of Payload, End-Users, Price Range, and Region:
Payload Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Camera
Control Systems
Tracking Systems
Others
End-Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Military
Commercial
Price Range Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Budget
Medium
Premium
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key findings from the report suggest
In December 2019, Drone Aviation Holding Corp. revealed its merger with ComSovereign Corp, a US-based consortium of the 5G telecommunications radio, power systems, and silicon photonics, designed for the next generation of global networks.
The maneuverability of the multi-rotor drones with their ability to provide vertical take-off and landing (VTOL) properly compared to fixed-wing drones make perfect for many commercial applications.
The regions in the Asia Pacific led by China, India, and South Korea are allotting a considerable budget for their defense law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, preparation for the forthcoming combats, along with higher economic development and enhancement in the manufacturing industry semiconductor solutions, deliberately help propel market enforcement.
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Multi-Rotor Drone market?
What are the key product types and applications of the Multi-Rotor Drone industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Multi-Rotor Drone market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Multi-Rotor Drone Market by 2027?
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