Multi Rotor UAV Market (Updated Version Available)
Multi Rotor UAV Market Size, Share & Trends Analysis, By Type (3-rotor UAV, 4-rotor UAV, 6-rotor UAV, and Others), By Application (Aerial Photography and Filming, Surveillance, Search and Rescue, Security and Law Enforcement, and Others), By Region, Forecast Period-2023 - 2030
Report ID : RI_673907 | Date : July 2023 |
Format : 
Key Market Overview:
The Multi Rotor UAV Market was valued at USD 3,708.03 Million in 2022, registering a CAGR of 20.70% during the forecast period (2023-2030), and the market is projected to be worth USD 16,405.98 Million by 2030.
Multi rotor UAV is a type of unmanned aerial vehicle (UAV) that utilizes more than two rotors with fixed pitch spinning blades that generate lift and maneuver the aircraft. Moreover, multi rotors offer better control of the aircraft during the flight, increased maneuverability, enhanced operational efficiency, reduced inspection time, and the ability to fly much more closely to buildings and structures. The aforementioned benefits are major aspects for increasing the deployment of multi rotor UAVs for aerial photography and filming, surveillance, search and rescue, security and law enforcement, and other applications.
Factors including rising investments in military and defense sector and increasing number of surveillance and search & rescue missions are among the key prospects driving the adoption of multi rotor UAVs. Additionally, the increasing application of multi rotor UAVs in aerial photography and filming is a significant factor driving the market growth.
For instance, in November 2019, Elbit Systems launched MAGNI, a robust and fully autonomous multi-rotor unmanned aerial system that is optimized to enhance the situational awareness capabilities of mobile forces. The MAGNI system comprises of a communication suite, thermal payload, and an automatic coordinate tracking capability along with a built-in interface with battle management systems. Therefore, the rising development of multi rotor UAVs for utilization in military & defense applications is further driving the growth of the market.
Multi Rotor UAV Market Report Coverage:
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Market Dynamics:
Driver:
Growing military & defense industry is driving the market growth
Multi rotor UAVs are primarily used in the military & defense industry for intelligence, target acquisition, surveillance, and reconnaissance missions. The benefits including higher payload capacity and greater control over position and framing are increasing the utilization of multi rotor UAVs in the military & defense sector.
Factors including rising investments in military and defense systems and growing need for efficient surveillance solutions are among the key prospects driving the adoption of multi rotor UAVs. For instance, in October 2021, the U.S. Department of Defense invested USD 14 million in the Defense Production Act Title III program with the aim of strengthening the small unmanned aerial systems industrial base in the country. Thus, the rising investment in military and defense systems including unmanned aerial systems is driving the growth of the multi rotor UAV market.
Restraint:
High cost of multi rotor UAV is restraining the market growth
The deployment of multi rotor UAV is associated with high cost, which is a prime factor limiting the market growth. The overall cost of multi rotor UAVs is dependent on the cost of production, followed by the cost of raw materials including carbon fiber composites and others used in the manufacturing of multi rotor UAVs. For instance, T-DRONES, offers a range of multi rotor UAVs ranging from USD 1,899 to USD 5,499 per unit, depending on the type and specification of multi rotor UAVs. Therefore, high costs associated with the deployment of multi rotor UAVs are restraining the growth of the market.
Multi Rotor UAV Market Segmentation:
By Type
The type segment is divided into 3-rotor UAV, 4-rotor UAV, 6-rotor UAV, and Others.
The 4-rotor UAV segment contributed to the largest revenue share in 2022. A 4-rotor UAV is a type of multi-rotor UAV that consists of four rotors mounted on the airframe in an X pattern to achieve lift. Moreover, 4-rotor UAVs offer several benefits including a high degree of maneuverability, compact size, along with the ability to hover in place and fly in tighter spaces. The above mentioned benefits are increasing the utilization of 4-rotor UAVs in aerial photography and filming, surveillance, and other related applications. For instance, in 2022, Garuda Aerospace launched a new quadcopter (4-rotor) consumer camera drone that is equipped with video surveillance capabilities. The quadcopter offers 30 minutes of endurance, 20 Megapixel camera, obstacle-avoidance features, and is capable of covering two to three kilometers of visual line of sight.
Further, factors including growing expenditures in defense equipment and platforms along with the rising demand for airborne surveillance solutions with high degree of maneuverability are among the key determinants driving the growth of the 4-rotor UAV segment. Hence, rising innovation, growing expenditures in defense, and benefits including maneuverability and compact size are driving the growth of the segment.
Additionally, the 6-rotor UAV segment is expected to grow steadily during the forecast period. 6-rotor UAV is a type of multirotor UAV that is designed for heavy payloads and offers high stability in flight. 6-rotor UAVs offer enhanced ascending, descending, and hovering operations at a higher altitude as compared to 4-rotor UAVs. Further, 6-rotor UAVs are ideal for various applications including aerial photography and filming, search and rescue missions, surveillance, and other applications.
For instance, in 2020, Australia was hit by one of the worst bushfire seasons that destroyed several homes and wildlife. In the aftermath of the bushfires, several UAVs were deployed for the execution of search and rescue missions. The UAVs flew over the affected areas to offer real-time information to firefighters and rescue teams on the ground. Hence, the rising deployment of UAVs in search and rescue missions due to advantages including enhanced ascending, descending, and hovering operations is anticipated to drive the adoption of 6-rotor UAVs.
By Application
The application segment is divided into aerial photography and filming, surveillance, search and rescue, security and law enforcement, and others.
The surveillance segment accounted for largest share in the multi rotor UAV market in 2022 and is expected to growth the highest CAGR. Multi rotor UAVs are primarily used for assisting defense forces in conducting intelligence, surveillance, and reconnaissance operations along borders. The benefits including improved visual capacities, observation of large areas, control of defined perimeters, and inspection of the surroundings of the monitored sites are increasing the utilization of multi rotor UAVs in surveillance applications.
Factors including the rise in geopolitical tensions, increasing expenditure on defense equipment, and rising demand for intelligence, surveillance, & reconnaissance operations are driving the growth of the surveillance segment. For instance, in August 2022, Zhejiang Government (China) deployed drones for monitoring, control, and surveillance applications to combat illegal fishing. The drone covered up to 700 kilometers in 12 hours and monitored large areas, inspected hard-to-reach sites, and collected evidence of illegal fishing to warrant a conviction. Hence, the deployment of unmanned aerial vehicles for surveying applications is projected to drive market growth during the forecast period.
By Region:
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The North American region is considered to contribute the largest revenue share in the year 2022. The growth of the market in the North American region is attributed to several factors including the growing government expenditure on strengthening the military and defense sector, ,, and rising deployment of multi rotor UAVs for surveillance applications among others.
For instance, in March 2023, the Government of Canada invested over USD 11 million with the aim of supporting the sustainable economic growth of aerospace sector in Ontario. The investment also includes a contribution of approximately USD 2.3 million for RAMPF, a Canadian manufacturer of defense, aerospace, and consumer products. The investment enables RAMPF to purchase new equipment for waste reduction and expand into new markets including urban air mobility, unmanned aerial vehicles (UAVs) and electric aircraft, and others. Thus, the factors including growing government expenditure and adoption of UAVs in agriculture & surveillance are anticipated to drive market growth in North America during the forecast period.
The Asia-Pacific region is anticipated to witness substantial growth during the forecast period. The growing pace of industrialization and development is promoting lucrative opportunities for market growth in the region. Additionally, factors including the increasing deployment of UAVs for surveillance, inspection, and monitoring applications along with rising investments in unmanned aerial systems are fostering the market growth for multi rotor UAV in the Asia-Pacific region.
For instance, according to the India Brand Equity Foundation, in September 2022, Drone Fund, a Japan-based venture capital fund facilitating the unmanned aerial vehicle ecosystem announced investments up to USD 40 million in Indian companies operating in the unmanned aerial vehicle sector. Thus, the aforementioned factors are expected to boost the market growth in the Asia-Pacific region in the near future.
Multi Rotor UAV Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in research and development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the global multi rotor UAV market. Key players in the market include-
• T-DRONES
• VulcanUAV
• Draganfly Inc.
• DJI
• Israel Aerospace Industries
• MICRODRONES
• AddictiveRC
• Trimble Inc.
• SMD
• Airogistic LLC
• Zerotech
Recent Developments
• In June 2022, Draganfly Inc. introduced its new heavy lift and commander 3 XL drones. The heavy lift drone is a versatile, multirotor unmanned aerial vehicle that is optimized to perform automated missions and manual flight operations. The commander 3 XL drone is a weather-resistant, high-endurance multi rotor UAV, particularly optimized for ease of assembly and quick deployment.
The Multi Rotor UAV Market was valued at USD 3,708.03 Million in 2022, registering a CAGR of 20.70% during the forecast period (2023-2030), and the market is projected to be worth USD 16,405.98 Million by 2030.
Multi rotor UAV is a type of unmanned aerial vehicle (UAV) that utilizes more than two rotors with fixed pitch spinning blades that generate lift and maneuver the aircraft. Moreover, multi rotors offer better control of the aircraft during the flight, increased maneuverability, enhanced operational efficiency, reduced inspection time, and the ability to fly much more closely to buildings and structures. The aforementioned benefits are major aspects for increasing the deployment of multi rotor UAVs for aerial photography and filming, surveillance, search and rescue, security and law enforcement, and other applications.
Factors including rising investments in military and defense sector and increasing number of surveillance and search & rescue missions are among the key prospects driving the adoption of multi rotor UAVs. Additionally, the increasing application of multi rotor UAVs in aerial photography and filming is a significant factor driving the market growth.
For instance, in November 2019, Elbit Systems launched MAGNI, a robust and fully autonomous multi-rotor unmanned aerial system that is optimized to enhance the situational awareness capabilities of mobile forces. The MAGNI system comprises of a communication suite, thermal payload, and an automatic coordinate tracking capability along with a built-in interface with battle management systems. Therefore, the rising development of multi rotor UAVs for utilization in military & defense applications is further driving the growth of the market.
Multi Rotor UAV Market Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 16,405.98 million |
| CAGR (2023-2030) | 20.70% |
| Base Year | 2022 |
| By Type | 3-rotor UAV, 4-rotor UAV, 6-rotor UAV, and Others |
| By Application | Aerial Photography and Filming, Surveillance, Search and Rescue, Security and Law Enforcement, and Others |
| By Geography |
|
| Key Players | T-DRONES, VulcanUAV, Draganfly Inc., DJI, Israel Aerospace Industries, MICRODRONES, AddictiveRC, Trimble Inc., SMD, Airogistic LLC, Zerotech |
Market Dynamics:
Driver:
Growing military & defense industry is driving the market growth
Multi rotor UAVs are primarily used in the military & defense industry for intelligence, target acquisition, surveillance, and reconnaissance missions. The benefits including higher payload capacity and greater control over position and framing are increasing the utilization of multi rotor UAVs in the military & defense sector.
Factors including rising investments in military and defense systems and growing need for efficient surveillance solutions are among the key prospects driving the adoption of multi rotor UAVs. For instance, in October 2021, the U.S. Department of Defense invested USD 14 million in the Defense Production Act Title III program with the aim of strengthening the small unmanned aerial systems industrial base in the country. Thus, the rising investment in military and defense systems including unmanned aerial systems is driving the growth of the multi rotor UAV market.
Restraint:
High cost of multi rotor UAV is restraining the market growth
The deployment of multi rotor UAV is associated with high cost, which is a prime factor limiting the market growth. The overall cost of multi rotor UAVs is dependent on the cost of production, followed by the cost of raw materials including carbon fiber composites and others used in the manufacturing of multi rotor UAVs. For instance, T-DRONES, offers a range of multi rotor UAVs ranging from USD 1,899 to USD 5,499 per unit, depending on the type and specification of multi rotor UAVs. Therefore, high costs associated with the deployment of multi rotor UAVs are restraining the growth of the market.
Multi Rotor UAV Market Segmentation:
By Type
The type segment is divided into 3-rotor UAV, 4-rotor UAV, 6-rotor UAV, and Others.
The 4-rotor UAV segment contributed to the largest revenue share in 2022. A 4-rotor UAV is a type of multi-rotor UAV that consists of four rotors mounted on the airframe in an X pattern to achieve lift. Moreover, 4-rotor UAVs offer several benefits including a high degree of maneuverability, compact size, along with the ability to hover in place and fly in tighter spaces. The above mentioned benefits are increasing the utilization of 4-rotor UAVs in aerial photography and filming, surveillance, and other related applications. For instance, in 2022, Garuda Aerospace launched a new quadcopter (4-rotor) consumer camera drone that is equipped with video surveillance capabilities. The quadcopter offers 30 minutes of endurance, 20 Megapixel camera, obstacle-avoidance features, and is capable of covering two to three kilometers of visual line of sight.
Further, factors including growing expenditures in defense equipment and platforms along with the rising demand for airborne surveillance solutions with high degree of maneuverability are among the key determinants driving the growth of the 4-rotor UAV segment. Hence, rising innovation, growing expenditures in defense, and benefits including maneuverability and compact size are driving the growth of the segment.
Additionally, the 6-rotor UAV segment is expected to grow steadily during the forecast period. 6-rotor UAV is a type of multirotor UAV that is designed for heavy payloads and offers high stability in flight. 6-rotor UAVs offer enhanced ascending, descending, and hovering operations at a higher altitude as compared to 4-rotor UAVs. Further, 6-rotor UAVs are ideal for various applications including aerial photography and filming, search and rescue missions, surveillance, and other applications.
For instance, in 2020, Australia was hit by one of the worst bushfire seasons that destroyed several homes and wildlife. In the aftermath of the bushfires, several UAVs were deployed for the execution of search and rescue missions. The UAVs flew over the affected areas to offer real-time information to firefighters and rescue teams on the ground. Hence, the rising deployment of UAVs in search and rescue missions due to advantages including enhanced ascending, descending, and hovering operations is anticipated to drive the adoption of 6-rotor UAVs.
By Application
The application segment is divided into aerial photography and filming, surveillance, search and rescue, security and law enforcement, and others.
The surveillance segment accounted for largest share in the multi rotor UAV market in 2022 and is expected to growth the highest CAGR. Multi rotor UAVs are primarily used for assisting defense forces in conducting intelligence, surveillance, and reconnaissance operations along borders. The benefits including improved visual capacities, observation of large areas, control of defined perimeters, and inspection of the surroundings of the monitored sites are increasing the utilization of multi rotor UAVs in surveillance applications.
Factors including the rise in geopolitical tensions, increasing expenditure on defense equipment, and rising demand for intelligence, surveillance, & reconnaissance operations are driving the growth of the surveillance segment. For instance, in August 2022, Zhejiang Government (China) deployed drones for monitoring, control, and surveillance applications to combat illegal fishing. The drone covered up to 700 kilometers in 12 hours and monitored large areas, inspected hard-to-reach sites, and collected evidence of illegal fishing to warrant a conviction. Hence, the deployment of unmanned aerial vehicles for surveying applications is projected to drive market growth during the forecast period.
By Region:
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The North American region is considered to contribute the largest revenue share in the year 2022. The growth of the market in the North American region is attributed to several factors including the growing government expenditure on strengthening the military and defense sector, ,, and rising deployment of multi rotor UAVs for surveillance applications among others.
For instance, in March 2023, the Government of Canada invested over USD 11 million with the aim of supporting the sustainable economic growth of aerospace sector in Ontario. The investment also includes a contribution of approximately USD 2.3 million for RAMPF, a Canadian manufacturer of defense, aerospace, and consumer products. The investment enables RAMPF to purchase new equipment for waste reduction and expand into new markets including urban air mobility, unmanned aerial vehicles (UAVs) and electric aircraft, and others. Thus, the factors including growing government expenditure and adoption of UAVs in agriculture & surveillance are anticipated to drive market growth in North America during the forecast period.
The Asia-Pacific region is anticipated to witness substantial growth during the forecast period. The growing pace of industrialization and development is promoting lucrative opportunities for market growth in the region. Additionally, factors including the increasing deployment of UAVs for surveillance, inspection, and monitoring applications along with rising investments in unmanned aerial systems are fostering the market growth for multi rotor UAV in the Asia-Pacific region.
For instance, according to the India Brand Equity Foundation, in September 2022, Drone Fund, a Japan-based venture capital fund facilitating the unmanned aerial vehicle ecosystem announced investments up to USD 40 million in Indian companies operating in the unmanned aerial vehicle sector. Thus, the aforementioned factors are expected to boost the market growth in the Asia-Pacific region in the near future.
Multi Rotor UAV Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in research and development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the global multi rotor UAV market. Key players in the market include-
• T-DRONES
• VulcanUAV
• Draganfly Inc.
• DJI
• Israel Aerospace Industries
• MICRODRONES
• AddictiveRC
• Trimble Inc.
• SMD
• Airogistic LLC
• Zerotech
Recent Developments
• In June 2022, Draganfly Inc. introduced its new heavy lift and commander 3 XL drones. The heavy lift drone is a versatile, multirotor unmanned aerial vehicle that is optimized to perform automated missions and manual flight operations. The commander 3 XL drone is a weather-resistant, high-endurance multi rotor UAV, particularly optimized for ease of assembly and quick deployment.
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| Multi user | : $5460 |
| Corporate user | : $7460 |
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