Global Multirotor Drone Market Overview
As per MRFR analysis, the Multirotor Drone Market Size was estimated at 19.09 (USD Billion) in 2022. The Multirotor Drone Market Industry is expected to grow from 21.58 (USD Billion) in 2023 to 64.94 (USD Billion) by 2032. The Multirotor Drone Market CAGR (growth rate) is expected to be around 13.03% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Multirotor Drone Market Trends Highlighted
Key market drivers for the multirotor drone market include advancements in camera technology, increasing adoption in commercial applications, and growing government initiatives for drone usage. Industries such as construction, agriculture, and logistics are increasingly leveraging drones for aerial mapping, inspection, and delivery services. Opportunities for market growth lie in the development of autonomous drones, swarm technology, and drone-based data analytics.Furthermore, recent trends in the multirotor drone market include the integration of artificial intelligence (AI) for improved navigation and object recognition. Hybrid drones, combining multirotor and fixed-wing capabilities, offer extended flight time and range. The rise of drone racing and recreational flying further contributes to market growth. As regulatory frameworks evolve to accommodate drone usage, the market is expected to experience continued expansion.
Multirotor Drone Market Drivers
Advancements in Technology
The rapid advancements in technology have been a major driving force behind the growth of the Multirotor Drone Market. The miniaturization of electronic components, the development of more powerful and efficient batteries, and the introduction of new materials have all contributed to the development of smaller, lighter, and more powerful drones. These advancements have made drones more accessible and affordable for a wider range of users, which has, in turn, led to an increase in demand for drones in a variety of applications. In addition to the miniaturization of electronic components, the development of more powerful and efficient batteries has also been a key factor in the growth of the Multirotor Drone Market.The development of new battery technologies, such as graphene batteries, has allowed drones to fly for longer periods of time and carry heavier payloads. This has made drones more suitable for a wider range of applications, such as aerial photography and videography, surveillance, and delivery. The introduction of new materials has also played a role in the growth of the Multirotor Drone Market. The use of lightweight materials, such as carbon fiber, has made drones lighter and more maneuverable.This has made drones more suitable for a wider range of applications, such as racing and acrobatics.
Increasing Demand for Drones in Commercial Applications
The increasing demand for drones in commercial applications has been another major driving force behind the growth of the Multirotor Drone Market. Drones are increasingly being used in a variety of commercial applications, such as aerial photography and videography, surveillance, and delivery. The use of drones in these applications offers a number of advantages, such as increased efficiency, reduced costs, and improved safety. One of the most significant advantages of using drones in commercial applications is increased efficiency.Drones can be used to collect data and perform tasks much faster than humans. This can lead to significant time savings and cost reductions. For example, drones can be used to inspect power lines and other infrastructure, which can help to identify potential problems early on and prevent costly repairs. Another advantage of using drones in commercial applications is reduced costs. Drones can be used to perform tasks that would otherwise require the use of expensive equipment or manpower.For example, drones can be used to deliver goods to remote areas, which can help to reduce shipping costs. Finally, drones can also improve safety in commercial applications. Drones can be used to perform tasks that are dangerous or difficult for humans to perform. For example, drones can be used to inspect confined spaces or to work in hazardous environments.
Growing Popularity of Drone Racing and Competitions
The growing popularity of drone racing and competitions has also been a major driving force behind the growth of the Multirotor Drone Market. Drone racing is a competitive sport in which pilots race drones through a series of obstacles. Drone competitions are also becoming increasingly popular, and they offer pilots the opportunity to win prizes and recognition. The growing popularity of drone racing and competition has led to an increase in demand for drones that are faster, more maneuverable, and more durable.This has, in turn, led to the development of new drone technologies and innovations. For example, the development of new flight control systems has made drones more stable and easier to fly. The development of new propulsion systems has also made drones faster and more powerful. The growing popularity of Agriculture drone racing and competition is also expected to continue to drive the growth of the Multirotor Drone Market in the coming years.
Multirotor Drone Market Segment Insights
Multirotor Drone Market Type Insights
The Multirotor Drone Market is segmented by Type into Fixed-Wing Drones and Rotary-Wing Drones (Quadcopters, Hexacopters, etc.). Rotary-wing drones held a dominant position in the market in 2023, accounting for over 75% of the Multirotor Drone Market revenue. The growth of this segment is primarily driven by the increasing adoption of quadcopters for aerial photography, videography, and surveillance applications. Rotary-wing drones offer greater stability, maneuverability, and control compared to fixed-wing drones, making them more suitable for these applications.Fixed-wing drones are expected to witness steady growth in the coming years, owing to their advantages in terms of range, speed, and endurance. The growth of the market is attributed to the increasing demand for drones in various applications such as aerial photography, videography, surveillance, mapping, and delivery. The growing adoption of drones by law enforcement agencies, search and rescue teams, and disaster relief organizations is also contributing to the market growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Multirotor Drone Market Application Insights
The growth of the market is attributed to the increasing adoption of multirotor drones in various applications, including aerial photography and videography, surveillance and inspection, delivery and logistics, precision agriculture, and entertainment and sports. Among these applications, aerial photography and videography are expected to hold the largest market share in 2023, owing to the growing popularity of drones for capturing stunning aerial footage. The demand for multirotor drones in surveillance and inspection applications is also expected to grow significantly, as drones offer a cost-effective and efficient way to monitor and inspect infrastructure, buildings, and other assets.Delivery and logistics is another key application area for multirotor drones, with the potential for drones to revolutionize last-mile delivery and other logistics operations. Precision agriculture is also a promising application area for multirotor drones, as they can be used to collect data on crop health, monitor irrigation systems, and apply pesticides and fertilizers with precision. The entertainment and sports industry is also expected to contribute to the growth of the multirotor drone market, as drones are increasingly used for aerial filming, live broadcasting, and other entertainment applications.
Multirotor Drone Market Payload Capacity Insights
The Multirotor Drone Market segmentation by Payload Capacity includes Lightweight (Under 500g), Midweight (500g-2kg), and Heavyweight (Over 2kg) categories. In 2024, the Lightweight segment held the largest revenue share, owing to its extensive use in commercial applications such as aerial photography, videography, and package delivery. The Midweight segment is projected to witness significant growth due to its adoption in industrial applications, including inspection and monitoring. The Heavyweight segment is anticipated to gain traction in military and defense applications, where drones with high payload capacities are required for carrying sensors, weapons, and other equipment.
Multirotor Drone Market Camera Quality Insights
The Multirotor Drone Market is segmented by Camera Quality into Basic (Below 10MP), Standard (10-20MP), and Advanced (Over 20MP). Among these segments, the Advanced (Over 20MP) segment is expected to witness the highest growth rate during the forecast period. The increasing demand for high-quality aerial photography and videography is driving the growth of this segment. As of 2023, the Standard (10-20MP) segment holds the largest market share. However, with the growing popularity of 4K and 8K video recording, the Advanced (Over 20MP) segment is expected to overtake the Standard segment in the coming years.The Basic (Below 10MP) segment is expected to have a steady growth rate as it caters to budget-conscious consumers.
Multirotor Drone Market Durability Insights
The durability of a multirotor drone is a key factor in determining its suitability for different applications. Consumer-grade drones are typically made of lightweight materials and are not designed to withstand heavy use. They are suitable for recreational use and for taking photos and videos. Professional-grade drones are made of more durable materials and are designed to withstand more demanding use. They are often used for commercial applications, such as aerial photography and videography, and for search and rescue operations. Industrial-grade drones are the most durable and are designed for use in harsh environments.They are often used for industrial applications, such as inspection and maintenance, and for military applications. The Multirotor Drone Market is expected to grow from USD 21.58 billion in 2023 to USD 64.94 billion by 2032, at a CAGR of 13.03%. The market is segmented into three main types: consumer-grade, professional-grade, and industrial-grade. The consumer-grade segment is expected to account for the largest share of the market in 2023, but the professional-grade and industrial-grade segments are expected to grow at a faster rate over the forecast period.The growth of the market is being driven by a number of factors, including the increasing popularity of drones for recreational use, the growing demand for drones for commercial applications, and the increasing adoption of drones for industrial applications. The market is also being driven by the development of new technologies, such as improved battery life, longer flight times, and more advanced cameras.
Multirotor Drone Market Regional Insights
The Multirotor Drone Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America dominated the market in 2023 and is projected to reach a market valuation of USD 10.23 billion by 2032, growing at a CAGR of 12.3%. Europe is expected to hold the second-largest market share, with a market valuation of USD 7.34 billion by 2032 and a CAGR of 12.8%. APAC is expected to witness the fastest growth rate, with a CAGR of 14.1%, and is projected to reach a market valuation of USD 18.67 billion by 2032.South America and MEA are also expected to contribute to the growth of the Multirotor Drone Market, with market valuations of USD 2.76 billion and USD 3.94 billion, respectively, by 2032.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Multirotor Drone Market Key Players And Competitive Insights
Major players in the Multirotor Drone Market industry endeavor to deliver the best quality products and services at cost-effective prices. Their long-term relationships with suppliers and logistic partners allow them to optimize supply chains and gain a competitive edge in the industry. Leading Multirotor Drone Market players constantly seek collaborations, partnerships, and acquisitions to expand their global presence and enhance their product portfolios. This strategic approach enables them to cater to the evolving needs of customers and stay ahead of the competition.DJI, a renowned player in the Multirotor Drone Market, has established a strong reputation for innovation and customer-centricity. The company's commitment to research and development has resulted in a wide range of cutting-edge drones that meet the diverse requirements of consumers and professionals. DJI's comprehensive ecosystem, encompassing software, accessories, and services, further strengthens its position in the market.Autel Robotics, another prominent player in the Multirotor Drone Market, stands out with its focus on affordability and ease of use. The company's drones are designed to be accessible and user-friendly, making them suitable for both hobbyists and professional applications. Autel Robotics places significant emphasis on customer support and community engagement, building a loyal customer base. By leveraging its strengths, the company aims to expand its market share and establish itself as a leading provider of multirotor drones.
Key Companies in the Multirotor Drone Market Include
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Walkera
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Intel
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Yuneec
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Garmin
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Sony
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Parrot
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Hubsan
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Ehang
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Horizon Hobby
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FLIR Systems
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Autel Robotics
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DJI
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GoPro
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Qualcomm
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3DR Robotics
Multirotor Drone Market Industry Developments
The Multirotor Drone Market is projected to grow from USD 21.58 billion in 2023 to USD 64.94 billion by 2032, at a CAGR of 13.03% during the forecast period. The increasing adoption of drones in commercial applications, such as aerial photography, videography, and delivery services, is driving the market growth.
Advancements in technology, such as the development of autonomous drones and improved camera capabilities, are further fueling market expansion. Key players in the market include DJI, Parrot, Autel Robotics, and Skydio. Recent developments include the launch of new drone models with enhanced features and partnerships between drone manufacturers and industry leaders to expand market reach.
Multirotor Drone Market Segmentation Insights
Multirotor Drone Market Type Outlook
Multirotor Drone Market Application Outlook
Multirotor Drone Market Payload Capacity Outlook
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Lightweight (Under 500g)
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Midweight (500g-2kg)
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Heavyweight (Over 2kg)
Multirotor Drone Market Camera Quality Outlook
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Basic (Below 10MP)
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Standard (10-20MP)
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Advanced (Over 20MP)
Multirotor Drone Market Durability Outlook
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Consumer-Grade
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Professional-Grade
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Industrial-Grade
Multirotor Drone Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
19.09(USD Billion) |
| Market Size 2023 |
21.58(USD Billion) |
| Market Size 2032 |
64.94(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
13.03% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Walkera, Intel, Yuneec, Garmin, Sony, Parrot, Hubsan, Ehang, Horizon Hobby, FLIR Systems, Autel Robotics, DJI, GoPro, Qualcomm, 3DR Robotics |
| Segments Covered |
Type, Application, Payload Capacity, Camera Quality, Durability, Regional |
| Key Market Opportunities |
1 Commercial applications2 Delivery and logistics3 Inspection and monitoring4 Military and defense5 Consumer hobbyists |
| Key Market Dynamics |
Increasing civilian and commercial applicationsGrowing adoption of aerial photography and videographyRapid advancements in technology and innovationGovernment support for drone developmentExpansion into new markets |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Multirotor Drone Market is expected to reach an overall valuation of 21.58 USD Billion in 2023.
The Multirotor Drone Market is projected to grow at a CAGR of 13.03% from 2024 to 2032.
North America is expected to hold the largest market share in the Multirotor Drone Market, owing to the presence of major industry players and the early adoption of advanced technologies.
Multirotor drones have a wide range of applications, including aerial photography and videography, surveillance, mapping and surveying, delivery services, and search and rescue operations.
Some of the key competitors in the Multirotor Drone Market include DJI, Parrot, Autel Robotics, Yuneec, and Skydio.
The growth of the Multirotor Drone Market is driven by factors such as the increasing adoption of drones in various industries, the development of new and innovative drone technologies, and the growing popularity of drone racing and other drone-related activities.
The Multirotor Drone Market faces challenges such as regulatory restrictions, safety concerns, and the need for skilled drone operators.
The Multirotor Drone Market is expected to reach an overall valuation of 64.94 USD Billion by 2032.
Key trends in the Multirotor Drone Market include the increasing adoption of autonomous drones, the development of new drone applications, and the growing popularity of drone-based services.
Key opportunities in the Multirotor Drone Market include the development of new drone technologies, the expansion of drone applications into new industries, and the growing demand for drone-based services.
