Multirotor UAV Market Segment | Value Share, Emerging Audience, Business Development Factors, Industry Potential by Forecast to 2023

(Heraldkeepers via Comtex)

Market Highlights

The functions of multirotor UAV include image capturing and video recording in remote or hazardous places, which act as a driving factor for the multirotor UAV market growth. These UAVs consist of night vision cameras, which are majorly used for gathering intelligence, weather/traffic monitoring, media and entertainment purposes, environmental research, and agricultural/industrial applications. As a result of their functions, it is estimated that the multirotor UAV market would witness a significant growth in the forthcoming years.

Key Players

The key players in Multirotor UAV Market are Israel Aerospace Industries (Israel), AeroVironment, Inc. (U.S.), DJI Innovations (China), 3D Robotics, Inc. (U.S.), Microdrones GMBH (Germany), Coptercam (Australia), Cyberhawk Innovations Ltd. (U.K), Aeryon Labs Inc. (Canada), and Draganfly Innovations, Inc. (Canada).

Get Free Sample Copy of "Multirotor UAV Market" @ https://www.marketresearchfuture.com/sample_request/6244

Regional Analysis

The ability of such aerial vehicles to perform in extreme conditions is one of the key factors for their increased adoption in the commercial market. Moreover, due to the recent technological advancements, multirotor UAVs are widely used in the fields of mining, chemicals, to detect the nuclear and radioactive materials, and construction. Factors such as low operational costs, flexibility in operations, and low cost of ownership also influence the multirotor UAV market growth. In addition, extensive R&D investment is another key reason that leads to the market growth. The rising threats of terrorist attacks, political and regional disputes, and border conflicts are boosting the demand for multirotor UAVs, across the globe. However, the market is adversely affected by factors such as air traffic management rules and limited battery lives or endurance of UAVs. economic downturn and defense budget cuts in some countries in North America and Europe hinder the market growth.

Market Segmentation

By application, Multirotor UAV Market has been segmented into military, homeland security, and commercial. In the past few years, huge investment is made in the military segment for multirotor UAV. Israel had invested in this market and is the largest exporter of multirotor UAV.

Multirotor UAV market has been segmented by rotors into less than 10 and more than 10. By payload, the market has been segmented into cameras, electro-optical sensors, GPS, LIDAR, and laser designator. The camera segment is expected to be the largest segment of multirotor UAV market.

List of Tables

TABLE 1 GLOBAL MULTIROTOR UAV MARKET: BY REGION, 2018-2023

TABLE 2 NORTH AMERICA MULTIROTOR UAV MARKET: BY COUNTRY, 2018-2023

TABLE 3 EUROPE MULTIROTOR UAV MARKET: BY COUNTRY, 2018-2023

TABLE 4 ASIA-PACIFIC MULTIROTOR UAV MARKET: BY COUNTRY, 2018-2023

TABLE 5 MIDDLE EAST & AFRICA MULTIROTOR UAV MARKET: BY COUNTRY, 2018-2023

TABLE 6 LATIN AMERICA MULTIROTOR UAV MARKET: BY COUNTRY, 2018-2023

TABLE 7 GLOBAL MULTIROTOR UAV MARKET, BY APPLICATION, 2018-2023

Continued....

Access Report @ https://www.marketresearchfuture.com/reports/multirotor-uav-market-6244

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.