Global Multi-Rotor Drone Market - Analysis and Forecast 2016-2022 (Focus on Major Applications Payloads And, Pricing)

LONDON, April 12, 2017 /PRNewswire/ -- U.S to continue its hegemony over global multi-rotor drone market. Global market to witness a robust growth.

Description
The multi-rotor drone market is experiencing an advanced rate of growth over the past years due to the increasing demand in commercial and civil applications. This high scale of growth of the multi-rotor drone industry is subsequently influencing the market, wherein new range of programs are being carried out to develop latest drone technologies. Technology is one of the key drivers for its increased adoption in the commercial market.

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The reductions in the power, components and form factor has allowed the drones to carry heavier payloads resulting it more versatile for consumer and industrial market. The different types of payloads for multi-rotor drone include: cameras, electro-optics, autopilot, GPS/INS, and sense and avoid systems among others. By analysis, multi-rotor drone market generated $1,254.82 million in 2016, in terms of revenue.

Following points provide a concrete description of the report content and the topics covered in the report:
- This report identifies the global multi-rotor drone market under different segments such as payloads, application, pricing and geography
- The study includes the market analysis and forecast of global multi-rotor drone market for from 2016 to 2022 in terms of value. The report also highlights the year-on-year growth of the market
- It examines the prime supply and demand side factors affecting the growth of the market along with the current and future trends prevalent in the multi-rotor drone market
- It also presents a detailed examination of multi-rotor drone market along the lines of market drivers, restraints, growth opportunities, and challenges
- The report also highlights the value chain of the industry with a major focus on technology roadmap
- A detailed competitive analysis has been included in this report which focuses on the key market developments & strategies followed by the key players in the market.
- Multi-rotor drone market analysis and forecast with respect to various payloads such as cameras, EO/IR, LiDAR, GPS/INS, autopilot, Chemical, Biological, Radiological and Nuclear (CBRN), sense and avoid systems, and high speed data communication garners major emphasis in the report
- Multi-rotor drone market has been analyzed for all geographies including North America, Europe, Asia-Pacific, and Rest of the World with further analysis in respect to other major countries
- Several ongoing programs for advancement of multi-rotor drone are included in this report
- The key market players are analyzed and profiled in detail in the report. This section covers business financials, company snapshots, key products & services, major developments, future programs (if any), and finally, the individual SWOT analysis

Executive Summary
Drones have emerged as a powerful tool for various military and non-military applications. These systems have constantly been evolving at a rapid pace, due to its expansive growth in the commercial sector. A multi-rotor drone is also commonly referred as 'rotorcraft' which consists of more than two rotors and are capable of autonomous flight.

With various forms of innovations in the field of drone technology, advanced systems are being developed that are highly autonomous, light weight and are easy to operate. The market of multi-rotor drones is expected to show robust growth due the increasing use of UAVs in the law enforcement and other non-military applications. DJI, 3D Robotics, AeroVironment, Aeryon Labs, Microdrones GmbH, Draganfly Innovations, MicroMultiCopter Aero Technology (MMC), Multirotor service-drone, Parrot and Yuneec are some of the major players of the multi-rotor drone market.

The global multi-rotor drone market reported a revenue of $1,254.82 million in 2016 with aerial shooting segment accommodating for the highest revenue by 2022. Survey and mapping segment is likely to grow at a highest rate owing to its increasing use in the construction, Geographic Information System (GIS) and others.

Growth in the aerial photography development of advanced sensors, improvement in the computing speeds and enhanced data processing capabilities has driven multi-rotor drone technologies. The drones in the consumer sector is expected to have the highest demand during the forecast period and hence, will prove as the potential market for the utilization of multi-rotor drone. The growth in the aerial photography has also provided opportunities for many players. Many countries across the world are actively implementing their laws and regulations governing the commercial drone industry. Moreover, the growing prominence of drone as-a-service has enabled various commercial sectors with increased advantages. The application of the multi-rotor drones has been actively adopted in precision farming to monitor the quality of the soil and the crops produced for better productivity.

North America is expected to have the highest market during the forecast period (2016-2022), followed by Europe, Asia and the Rest of the World (RoW). The increase in the demand for multi-rotor drones in the North America is mainly attributed to the moderate regulations by Federal Aviation Administration (FAA).

The market players are thus, able to provide services across various applications. The commercial market for multi-rotor drones in the U.S. is increasing for applications such as inspection, precision agriculture and search and rescue operations, among others.

The United States is expected to dominate the market during the forecast period (2016-2022). The U.K. is one of the prominent countries in Europe, which is currently focusing on the development of drones for public safety and security. Asia-Pacific region majorly consists of China, Japan, and India in the multi-rotor drone market. The countries in the region are experiencing a trend of extensive investment in all forms of drone technologies. Indian market, currently being the largest importer of UAVs, is expected to grow at a highest rate. Moreover, there are ample opportunities for new entrants in this region, as the demand for UAVs in increasing for both commercial as well as defense applications.

Countries Covered
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