The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing adoption of the multi-rotor by military bodies are expected to drive innovation in multirotor drone manufacturing, thus driving the market during the forecast period.

The global multirotor drone market is expected to grow from $2.99 billion in 2022 to $3.53 billion in 2023 at a compound annual growth rate (CAGR) of 18.2%. The multirotor drone market size is expected to reach $6.85 billion in 2027 at a CAGR of 18%.

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Global Multirotor Drone Market Segments Include:

• By Type:Quadcopters, Hexacopters, Tricopters, Octocopters
• By Payload:Camera and Imaging Systems, Control Systems, Tracking Systems, Other payload
• By Price Range:Budget, Medium, Premium
• By Application:Surveillance, Inspection, and Monitoring, Mapping and Surveying, Aerial Photography, Other applications
• By End-users:Commercial, Military and Government, Consumer
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global multirotor drone market in 2021.

Major Market Players in the multirotor drone market include IdeaForge Technology Pvt. Ltd., AeroVironment Inc., SZ DJI Technology Co Ltd., Autel Robotics, Draganfly Inc., Microdrones GmbH, Parrot Drone SAS.

Technological advancements are the key trends gaining popularity in the multirotor drone market. The market has witnessed the use of advanced technology, including artificial intelligence and machine learning, which incorporate functions such as face recognition, fifth-generation network technology, and biological detection to identify threats and provide suggestive action. Major companies operating in multi-rotor drone are developing new technologies to sustain their position in the market. For instance, in January 2022, Advanced Aircraft Company, a US-based developer, and manufacturer of hybrid fuel-electric unmanned aircraft systems for defense applications, launched Hybrid-Electric HAMR UAS. The system has a multi-rotor design and a hybrid gas-electric propulsion system. The aircraft always receives the correct amount of gasoline since fuel injection is computer controlled. The mechanism automatically injects additional fuel during take-off and then leans out during flight, resulting in a more fuel-efficient long-endurance drone. It has an aerodynamic frame design as well.

The Multirotor Drone Global Market Report 2023  provides a multirotor drone market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The multirotor drone market forecast analyzes multirotor drone market size, multirotor drone market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A multi-rotor drone is an unmanned aerial vehicle (UAV) with many propellers that spin around a central mast. Multirotor drones outfitted with cameras, autopilots, and image processing software are used for land surveying and mapping, and many others homeland security activities.

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