Pune, India -- (SBWIRE) -- 12/09/2015 -- The multirotor drones market is expected to grow rapidly in the Asia-Pacific region. This report segments the market on the basis of application, payload, and region. In this report, the multirotor drones market is segmented into various applications such as defense, aerial shooting, law enforcement, environmental inspection, and business & commerce. The aerial shooting market is estimated to account for the largest share in the multirotor drones market. The sub-segments considered for aerial shooting are movie making, sports coverage, investigative journalism, news photography and videography, and hobbyist.

Browse 65 market data tables and 66 figures spread through 166 pages and in-depth TOC on "Multirotor UAV Market - Forecast to 2020"

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The multirotor drones market is estimated to be valued at $840.21 million in 2015. It is projected to reach $2,286.52 million by 2020, growing at a CAGR of 22.17% from 2015 to 2020. Drones are expected to become a vital part of one's daily life in the near future. Several applications are being developed by various companies to improve the technology and capabilities of commercial drones. Nations such as the U.S. and Europe are taking efforts to integrate Small UAVs into the national airspace. The Federal Aviation Administration (FAA) estimated in 2013s that 7,500 small unmanned aircraft systems (sUAS) would be viable are expected to fly in the U.S. airspace in the next five years, provided the regulations are in place to handle them. Furthermore, in April 2014, The European Commission in April 2014 opened the aviation market tor the civil use of remotely piloted aircraft systems (RPAS) in a safe and sustainable manner.

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Budgets cuts in military spending by the western countries, such as the U.S. and U.K., and strict airspace regulations have impacted the multirotor drones market. The increasing use of multirotors in law enforcement applications and several other non-military applications is driving the multirotor drone market worldwide.

Companies such by AeroVironment, Inc. (U.S.), Israel Aerospace Industries (Israel), DJI Innovations (China), 3D Robotics (U.S.), and Microdrones GMBH (Germany), dominate this market and are expected to strengthen their market positions across the globe during the forecast period. Aibotix (Germany), Coptercam (Australia), Draganfly Innovations (Canada), Aeryon Labs (Canada), and Cyberhawk Innovations Ltd. (U.K.), are the other significant key players in the multirotor drones market.

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