Dublin, April 17, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Multi-Rotor Drone Market - Analysis and Forecast 2016-2022 (Focus on Major Applications Payloads and Pricing)" report to their offering.
The global multi-rotor drone market reported a revenue of $1,254.82 million in 2016 with aerial shooting segment accommodating for the highest revenue by 2022. Survey and mapping segment is likely to grow at a highest rate owing to its increasing use in the construction, Geographic Information System (GIS) and others.
Drones have emerged as a powerful tool for various military and non-military applications. These systems have constantly been evolving at a rapid pace, due to its expansive growth in the commercial sector. A multi-rotor drone is also commonly referred as rotorcraft' which consists of more than two rotors and are capable of autonomous flight. With various forms of innovations in the field of drone technology, advanced systems are being developed that are highly autonomous, light weight and are easy to operate.
The market of multi-rotor drones is expected to show robust growth due the increasing use of UAVs in the law enforcement and other non-military applications. DJI, 3D Robotics, AeroVironment, Aeryon Labs, Microdrones GmbH, Draganfly Innovations, MicroMultiCopter Aero Technology (MMC), Multirotor service-drone, Parrot and Yuneec are some of the major players of the multi-rotor drone market.
Growth in the aerial photography development of advanced sensors, improvement in the computing speeds and enhanced data processing capabilities has driven multi-rotor drone technologies. The drones in the consumer sector is expected to have the highest demand during the forecast period and hence, will prove as the potential market for the utilization of multi-rotor drone. The growth in the aerial photography has also provided opportunities for many players. Many countries across the world are actively implementing their laws and regulations governing the commercial drone industry. Moreover, the growing prominence of drone as-a-service has enabled various commercial sectors with increased advantages. The application of the multi-rotor drones has been actively adopted in precision farming to monitor the quality of the soil and the crops produced for better productivity.
North America is expected to have the highest market during the forecast period (2016-2022), followed by Europe, Asia and the Rest of the World (RoW).
Key Topics Covered:
Executive Summary
1 Research Scope & Methodology
2 Market Dynamics
3 Competitive Insights
4 Industry Analysis
5 Global Multi-Rotor Drone Market, 2016-2022
6 Multi-Rotor Drone Market by Payload
7 Multi-Rotor Drone Market by Application
8 Multi-Rotor Drones Market By Price Range
9 Multi-Rotor Drone Market by Geography
10 Company Profiles
- 3D Robotics-Drone & UAV Technology
- AeroVironment
- Aeryon Labs Inc
- DJI Innovations
- Draganfly Innovations Inc.
- MicroMultiCopter Aero Technology (MMC)
- Microdrones
- Multirotor service-drone, GmbH
- Parrot SA
- Yuneec International Co. Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/vpqx3g/global