Consainsights logo

Multirotor Drones Market, Size, Share, Industry Trends and Forecast to 2030

Multirotor Drones Market Research Report – Segmented By Region (Americas, APAC, Europe, Middle East Africa) & Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

What is the Market Size & CAGR of Multirotor Drones market in 2021?

The global multirotor drones market is experiencing significant growth, with a CAGR of 12.5% expected from 2021 to 2026. In 2021, the market size was estimated to be USD 4.2 billion, driven by the increasing demand for drones across various industries such as agriculture, surveillance, and logistics. The market is projected to reach USD 7.8 billion by 2026, indicating a substantial growth rate over the forecast period.

COVID-19 Impact on the Multirotor Drones Market

The COVID-19 pandemic has had a mixed impact on the multirotor drones market. While the initial phase of the pandemic resulted in disruptions to production and supply chains, the demand for drones surged in response to the need for contactless deliveries, monitoring, and surveillance. The pandemic highlighted the importance of drones in various applications, leading to increased investments in drone technology and driving market growth.

Multirotor Drones Dynamics

The multirotor drones market is characterized by rapid technological advancements, increasing investments in R&D, and the rising adoption of drones for commercial and industrial applications. Key drivers of market growth include the expanding use of drones in agriculture, construction, and disaster response, as well as advancements in battery technology and sensor capabilities. However, challenges such as regulatory hurdles, privacy concerns, and competition from other drone types may hinder market growth.

Segments and Related Analysis

The multirotor drones market can be segmented based on payload capacity, application, and end-user industry. In terms of payload capacity, drones are classified as micro (<5 kg), mini (5-25 kg), and large (>25 kg) drones. The applications of multirotor drones include aerial photography, surveillance, agriculture, and inspection, among others. End-user industries driving demand for multirotor drones include agriculture, construction, energy, and defense.

By Region Analysis

Regionally, North America is the largest market for multirotor drones, driven by the presence of key players, technological advancements, and the increasing adoption of drones for commercial applications. Europe and Asia Pacific are also significant markets for multirotor drones, with growth opportunities emerging in sectors such as agriculture, infrastructure development, and e-commerce. Latin America and the Middle East & Africa are witnessing increasing interest in drone technology for surveillance and security applications.

Key Market Players and Competitive Landscape

Some of the key players in the multirotor drones market include DJI, Parrot SA, Yuneec International, AeroVironment Inc., and 3D Robotics. These companies are focusing on product innovation, strategic partnerships, and acquisitions to strengthen their market presence and offer advanced drone solutions to customers. The competitive landscape is intense, with players competing on factors such as price, performance, and after-sales service to gain a competitive edge.

Recent Happenings in the Multirotor Drones Market

In recent years, the multirotor drones market has witnessed several notable developments, including the launch of advanced drone models with enhanced features such as longer flight times, higher payload capacities, and improved autonomous capabilities. Additionally, collaborations between drone manufacturers and software companies have led to the integration of artificial intelligence and machine learning technologies in drone operations, enhancing their performance and efficiency. The market is poised for further growth as technological advancements continue to drive innovation in the drone industry.

Frequently Asked Questions (FAQ):