Multirotor Drones Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
Albany, NY -- (SBWIRE) -- 02/08/2016 -- A new research report by Transparency Market Research provides an in-depth analysis of the global multirotor drones market. The research report, titled "Multirotor Drones Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023", presents a market overview and insights into the market drivers and restraints, market trends, challenges and opportunities, product segmentation, major regional segments, and vendor analysis.
Technological enhancements, rising acknowledgment of the effectiveness of multirotor drones, their ability to accomplish tasks under extreme circumstances, and the rise of numerous innovative applications are some of the major factors that are expected to boost the multirotor drones market in the forecast period. In addition, the increasing production of multirotor drones for non-military segments such as agriculture, sports coverage, aerial shooting, and environmental inspection has further propelled the multirotor market. On the other hand, procedural concerns and air traffic management standards on the basis of obligatory supervision on these drones are some of the factors hampering the growth of the global multirotor drones market.
On the basis of payload, the global multirotor drones market has been classified into laser designators, wireless HD video transmission systems, electro-optical sensors, cameras, biological, chemical, radiological, and nuclear sensors, Wi-Fi, lidar, and GPS/Ins. Furthermore, on the basis of application, the global market for multirotor drones is classified into defense, aerial shooting, environment inspection, business and commerce, and law enforcement. The report further gives a detailed analysis of the segments based on their market share, revenue generation, and forecast figures from 2016 to 2023.
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By geography, the global multirotor drones market has been segmented into Asia Pacific, North America, Europe, and Rest of the World. Among all these regions, the Europe and North America multirotor drones markets are anticipated to witness slow growth owing to the budget cuts and economic slump witnessed in these regions in recent years. On the other hand, the mulitirotor drones market in Asia Pacific is estimated to witness rapid growth due to high investment in the research and development of unmanned aerial vehicles (UAV). Moreover, growing geopolitical unrest and political disputes are also important factors boosting the demand for multirotor drones in the military and defense industry in countries in the Middle East and Asia Pacific. The Rest of the World segment is also expected to observe growth of the multirotor drones market.
In the last section, the research report covers the vendor analysis of the global multirotor drones market. The leading players operating in this market include 3D Robotics (U.S.), AeroVironment, Inc (U.S), DJI Innovation (China), Microdrones GmBh, and Israel Aerospace Industries (Israel). Some of the other players mentioned in the research report are Cyberhawk Innovation Ltd. (U.K), Coptercam (Australia), Aibotix (Germany), and Draganfly Innovations (Canada).
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