Multi-Rotor Drone Flying High

The multi-rotor drone market is experiencing an advanced rate of growth due to the increasing demand in commercial and civil applications. Also, a new range of programs are being carried out to develop latest drone technologies. Technology is one of the key drivers for its increased adoption in the commercial market.

The reductions in the power, components, and form factor have allowed the drones to carry heavier payloads. The different types of payloads for multi-rotor drone include: cameras, electro-optics, autopilot, GPS/INS, and sense and avoid systems, among others.

ReportBuyer shows the global multi-rotor drone market revenue of $1.25 billion in 2016, and the aerial shooting segment will accommodate for the highest revenue by 2022.

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 is expected to show growth, due the increasing use of UAVs (unmanned aerial vehicles). The survey and mapping segment is likely to grow at the highest rate due to its increasing use in construction, GIS (geographic information system), and others.

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. Many countries across the world are actively implementing laws and regulations governing the commercial drone industry. The growing prominence of drone as-a-service has enabled various commercial sectors with increased advantages.

North America is expected to have the highest market during the forecast period, followed by Europe, Asia, and the rest of the world. The increase in the demand for multi-rotor drones in North America is mainly attributed to the moderate regulations by Federal Aviation Admin.

Posted: 6/6/2017 5:45:25 PM



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