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Multirotor Drones Market Worth $2.28 Billion by 2020


News provided by

MarketsandMarkets

04 Jun, 2015, 13:30 GMT

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DALLAS, June 4, 2015 /PRNewswire/ --

According to the new market research report "Multirotor Drones Market by Application (Defense, Aerial Shooting, Business & Commerce, Law enforcement, Environmental Inspection), Payload (Electro-optic sensor, Cameras, Sense & Avoid System, LIDAR, CBRN, Wi-Fi, GPS), Region - Forecast to 2020"", published by MarketsandMarkets, the Multirotor Drones Market is estimated to be valued at $840.21 Million in 2015. It is projected to register a CAGR of 22.2% to reach $2.28 Billion by 2020.

Browse 65 market data Tables and 66 Figures spread through 166 Pages and in-depth TOC on  "Multirotor Drones Market".

http://www.marketsandmarkets.com/Market-Reports/multirotor-drones-market-177177851.html

Early buyers will receive 10% customization on this report. 

The multirotor drones market is highly lucrative and holds tremendous growth potential in the next decade. The report provides market analysis of the multirotor drones and their application for the next five years. It explains market and technology trends to gain competitive market intelligence. It also provides detailed analysis of historic, estimated and projected global industry values, demand and supply factors influencing the market, factors driving and restraining the growth of the market. The impact of these drivers and restraints has been analyzed and their influence on this market has been diagrammatically represented to provide in-depth insights on the market.

The market share of the leading companies in this market has been covered under competitive analysis. Apart from a general overview of the competing companies; it also provides details on their financial positions, key products, their unique selling points and key developments. This report also studies the growth strategies adopted by these market players to expand their global presence and increase their market share through partnerships, agreements, collaborations, joint ventures, mergers, acquisitions, and new product launches.

Speak to Analyst:  http://www.marketsandmarkets.com/speaktoanalyst.asp?id=177177851

The increasing use of drones for law enforcement has fueled the growth of the drones market. Moreover, increasing production of multirotor for non-military applications such as agriculture, aerial shooting, sports coverage, and environmental inspection, has helped in highlighting the importance of drones in the global market and subsequently increased the market demand. Drones are nowadays preferred for many commercial and military applications, due to its advantages such as high precision, high efficiency, acceptable & affordable innovations, and low production, operational & maintenance cost.  However, the factors such as declining defense budgets, lack of skilled pilots, and strict airspace regulations are restraining the growth of the market to some extent. The global market is projected to register growth at a CAGR of 22.2%, and reach ~$2.3 Billion by 2020.

The penetration rate of aerial shooting applications in the Multirotor Drones Market is highest compared other applications. However, the market demand for business & commerce application is estimated to overtake the homeland security applications' market by 2020.

Due to economic downturn, major countries such as U.S. and the U.K. are witnessing economic difficulties. The U.S. has witnessed budget cuts in the recent past and it is likely to continue in the near future. The U.S. has announced the budget cut of US $178 Billion from 2011 to 2015. Any budget cut in these countries could slow down the defense industry. Despite these facts, the drones market is booming and a considerable amount of money is spent on research & development. India, South Korea, China, Germany, France and Australia are the new growth regions, due to their high investments in R&D of the UAV sector.

The unrest in Asian countries due to terrorist attacks and political disputes has increased the UAV spending. Regions such as North America, Asia-Pacific, and Europe currently hold the largest share market. However, the Middle Eastern and African countries have a high potential of growth in this sector.

The major companies involved in the manufacturing of multirotor drones market are AeroVironment, Inc. (U.S.), Israel Aerospace Industries (Israel), DJI Innovations (China), 3D Robotics (U.S.), and Microdrones GMBH (Germany), dominates this market and they 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.

Browse related reports 

Unmanned Aerial Vehicle (UAV) Market by Class (Small, Tactical, Strategic, Special Purpose), Subsystem (Data Link, GCS, Software), Application (Military, Commercial, Homeland Security), funding (Procurements, RDT&E, O&M), & by Payload - Forecast & Analysis to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/unmanned-aerial-vehicles-uav-market-662.html

Small UAV Market by Application (Military, Commercial & Civil, Homeland Security), by Payloads (EO, LiDAR, Laser Designator, Meteorological sensors, Cameras, Telemetry, Autopilot, and NBC detection), by Propulsion System (Hybrid, Hydrogen cell, Solar, Lithium-ion battery), by Geography - Market Forecast and Analysis to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/small-uav-market-141134567.html

About MarketsandMarkets  

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
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17304, Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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