8 Rotor Drone
The global Multi-Rotor Drone or Multi-Rotor UAVs Market size was valued at USD 1.86 billion in 2019 and is anticipated to reach USD 8.49 billion by 2027 at a CAGR of 20.8%. The market is extensively being driven by the factors involving the extensive usage of Multi-Rotor Drone in the defense system & military control units, newer use cases of the multi-rotor drones in the commercial applications, growing development in the drone cameras and their wide usage in the aerial filming or video recording, newer approach of creating various shapes of the drones for many different use cases, and a superior development in the battery management technology that can help the drones keep operational for hours in long range.
Meet the PD8X from ProDrone: a high performance 8-rotor drone with a water resistant body, hot swappable battery, retractable airframe and object detection that can take on challenging missions. It can be equipped with zoom/infrared cameras, LED search light, and LTE for better performance. Some other drones such as the Alta 8 can carry up to 15 lbs, which naturally renders it a bit more in the “aerial dolly” or “lugging” department. How long can drones fly? For a standard consumer drone, the flight time has been stuck at about 25-27 minutes for quite some time now.
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. The considerably compact in size of the drones and its many different shapes & colors make them set up a perfect disguise and make them suitable for confidential operations done by the military officials. 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.
Deterioration of the interpersonal relations in between countries, terrorist activities, cross-border conflict, rising emphasis on homeland defense & security, and broadening the existing weaponry technology & defensive structures and updating them into the futuristic ones are some of the additional factors creating enforcement in the market.
8 Rotor Drone Model
The global market landscape of Multi-Rotor Drone is expected to remain in a very competitive and highly consolidated landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and better diversification in offered products make sure the enormous potential for the innovative players.
Key Takeaways
The Camera sub-segment in the payload segment had 41.2% market share in the year 2019.
The type includes Camera, Control Systems, Tracking Systems, Others sub-segments. The camera installed in the nano-drones are considerably being modified. No matter how tiny the camera sensor is, a higher pixel size & detailed image can be captured through these cameras. An increasing investment in the R&D of the camera systems & major focus on its modification have created a mentionable number of use cases and remarkable growth in the Multi-Rotor Drone market.
The Military sub-segment in the end-users segment had 78.6% market share in the year 2019.
The end-users segment houses Military and Commercial sub-segments. The military bodies have been the highest contributor to this market. The military sub-segment exhibits a higher count of usage and investment in the ongoing research & development of Multi-Rotor Drone and its peripherals. The growing interest in UAV information carriers amongst the defense bodies sent are broadening the market outreach.
The Medium in the price range segment is growing at a CAGR of 27.3% throughout the projected era.
The price range segment consists of Budget, Medium, and Premium. A higher proliferation has been encountered from both the homeland securities & defense agencies to incorporate the Multi-Rotor Drone that fall under the medium category based on their price.
By region, Asia Pacific accounted for the fastest growth in the Multi-Rotor Drone Market during the projected era, with a CAGR of 29.5%.
The Asia Pacific area is predicted to accelerate with the fastest growth rate during the forecast period. The rapid rise in investment for the defense & law enforcement bodies in the Asia Pacific region, which are mostly dominated by the countries, namely China and India, is gaining a positive impact on the overall market growth throughout the forecast period.
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.
North America owing to its leading investment in the defense & homeland security budgets, especially in the United States, and higher development in the information technology & microelectronics industry is expected to fuel regional market growth substantially.
The market for Multi-Rotor Drone Market is mostly on the fragmented side, with a number of conglomerates as well as medium-sized & start-up companies, which account for a major global share of the market. The crucial players involved in the Multi-Rotor Drone Market are desegregated across the value chain. The key companies of the market are well-equipped with large production facilities and are also engaged in various research & development activities. Some of the prominent players in the market include:
- DJI
- AeroVironment, Inc.
- Mota Group, Inc.
- Skyrocket Toys LLC
- Guangdong Cheerson Hobby Technology Co., Ltd
- Hubsan Technology Company Ltd.
- Prox Dynamics
- Microdrones
- Aerix Drone
- Acumen Robot Intelligence (ARI)
In December 2018, Microdrones, a German company, announced a merger with Schübeler Technologies. The merger helped Microdrones to offer many of new aviation technology and the capabilities for customers in the form of unmanned vehicles.
8 Rotor Drone
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.
Scope of Research
PARAMETERS | DETAILS |
The market size value in 2019 | USD 1.86 billion |
CAGR (2020 - 2027) | 20.8% |
The revenue forecast in 2027 | USD 8.49 billion |
Base year for estimation | 2019 |
Historical data | 2016 - 2018 |
Forecast period | 2020 - 2027 |
Quantitative units | Revenue in USD Billion, and CAGR from 2020 to 2027 |
Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered | Payload, End user, Price Range, Region |
Regional scope | North America; Europe; Asia Pacific; Central & South America; MEA |
Country scope | U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey |
Key companies profiled | DJI, AeroVironment, Inc., Mota Group, Inc., Skyrocket Toys LLC, Guangdong Cheerson Hobby Technology Co., Ltd, Hubsan Technology Company Ltd., Prox Dynamics, Microdrones, Aerix Drone, Acumen Robot Intelligence (ARI) |
Customization scope | 10 hrs of free customization and expert consultation |
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2018 to 2027. The scope of the report can be defined as:
For the purpose of this report, 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; 2017-2027)
- Camera
- Control Systems
- Tracking Systems
- Others
- End-Users Outlook (Revenue: USD Billion; 2017-2027)
- Military
- Commercial
- Price Range Outlook (Revenue: USD Billion; 2017-2027)
- Budget
- Medium
- Premium
- Regional Outlook (Revenue: USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Russia
- UK
- Germany
- France
- BENELUX
- Asia Pacific
- China
- Japan
- India
- South Korea
- North Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Israel
- Rest of MEA
- North America