Global Multi-Rotor Drone Market Estimated to be $1,254.82 Million in 2016

BLOOMINGTON, Minn. - May 1, 2017 - PRLog -- Multi-rotor drones have been on the path of gradual advancement in the field of unmanned technologies in the present times. The emergence of drone technologies have made it easier to carry out aerial surveillance with wide number of opportunities in different applications. The growing demand for aerial photography and other non-military applications has primarily driven the need for drone technologies. Moreover, the development of advanced sensors, improvement in the computing speeds and enhanced data processing capabilities has driven its usage over commercial applications.

Multi-rotor drones are rapidly evolving with significant advancements in unmanned technology. Manufacturers are currently focusing on the development of multi-rotor drones with advanced technologies that can operate independently and requires less human intervention. According to BIS Research Analysis, the global multi-rotor drone market is estimated to be $1,254.82 million in 2016.

The multi-rotor drone market is highly driven by the increasing demand generated by consumer and commercial applications. High precision, productivity, high efficiency, cost savings and technological advancements are the key factors which can further contribute to the growth of the multi-rotor drone market.

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The advancements in the technology has led the key manufacturers to build advanced multi-rotor drones that are highly autonomous, light weight and are easy to operate. DJI, Parrot, 3D Robotics, and Yuneec are some of the leading producers that use advanced drone technologies in the multi-rotor drones. The market players are also focused on the development of multi-rotor drone specific to particular application.

Multi-rotor drones are mainly categorized on the basis of payloads such as camera, autopilot, GPS/INS, sense and avoid systems, electro-optics/infrared, LiDAR, CBRN and high speed data communication. These payloads used in the multi-rotor drone vary in accordance with the applications. For instance, CBRN sensors are majorly used in the military applications and can collect CBRN information from the site and transmit it wirelessly back to incident command.

The North America is currently dominating the multi-rotor drone market, however, the geographical analysis of this market unveils a great potential for growth in the Asia-Pacific countries. According to the analysis, the presence of emerging economies, particularly China and India, are majorly contributing to the growth of the market. Moreover, due to a small number of manufacturing companies in this region, there is a vast scope of opportunities for new and already established market players. The U.K., Germany, France, Russia are some of the prominent countries for European multi-rotor drone market. The European market is likely to foresee growth opportunities in the areas such as inspecting industrial surveys, pipelines, mapping and survey of construction sites, and topographic surveys, among others.  Moreover, the rapid development in the region is expected to increase the requirement of drone technology and is likely to propel multi-rotor drone market forward in the coming future.

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