Multirotor UAV Market Insights: Size, Share, Growth Analysis & Forecast (2024-2029)

The report covers a comprehensive analysis segmented by Type (Tricopters, Quadcopters, Hexacopters, Octocopters), By Payload (Control Systems, Tracking Systems, Camera and Imaging Systems, Others), By Application (Surveillance, Monitoring and Inspection, Surveying and Mapping, Aerial Photography, Others), By End User (Consumer, Commercial, Military and Government), By Geography (North America, South America, Asia Pacific, Europe, the Middle East, Africa). 

Multirotor UAV Market Snapshot 

Multirotor UAV Market Overview 

The multirotor UAV market is projected to reach $10.05 billion in 2029 from an estimated $4.82 billion in 2024. For the 2024–2029 projection period, the multirotor UAV market is expected to grow at a compound annual growth rate of 15.83%. Multirotor unmanned aerial vehicles are devices that can be controlled remotely by a person. These vehicles have the option of being autonomous, which can be beneficial for both defense and commercial industries. However, they also prove to be useful in various sectors like agriculture, emergency services and aid in the film and entertainment industry due to the integration of advanced sensors and cameras.  

With the development of advanced technology, sensors are further reduced in size enabling manufacturers to produce compact UAVs with advanced payload capacity. This allows the users or operators of multirotor UAVs to carry them and travel with ease.  Unmanned Aerial Vehicles (UAVs) are becoming increasingly popular in the market because of all the practical advantages they provide. Governments across the globe are developing regulations regarding UAVs due to their growing acceptance amongst people. This is especially aided by the growing preference for contactless modes of operation. This causes the activities of UAVs being subject to rules and regulations to ensure their usage is safe and secure.  

Market participants are utilizing various tactics like launching new products, forming partnerships, and conducting product research and development. This enables manufacturers to create and introduce technologically advanced multirotor UAVs to the market. 

​​​Multirotor UAV Market Coverage 

Historical & Forecast Period	2018-2029
Base Year	2023
Forecast Period	2024-2029
Units	Billion US$
Segments	Type, Payload, Application, End User
Geographies	North America, South America, Asia Pacific, Europe, The Middle East, Africa
Key Vendors	SZ DJI Technology Co. Ltd., Tomahawk Robotics Inc., ideaForge Technology Pvt. Ltd., Cyberhawk Innovations Ltd., AeroVironment, Inc.

Key Geographies of Multirotor UAV Market, 2023 

Porter’s 5 Forces Analysis of Multirotor UAV Market 

Multirotor UAV Market Trends 

Multirotor Unmanned Aerial Vehicles abbreviated as UAVs have gained popularity.  Technological advancements have resulted in the creation of advanced sensors, cameras, complex communication systems, and unmanned aerial vehicles with large cargo capacities. As a result, the UAVs can be used in a variety of businesses that need precise data.   

Advanced sensors and cameras are being integrated into multirotor unmanned aerial vehicles (UAVs) while maintaining portability and miniaturization. Foldable and compact UAVs are being designed by manufacturers that are convenient to use and easy to transport. The increase in accessibility and usability of multirotor UAVs gains a lot of attraction.  Professionals who work in a variety of settings, such as emergency responders, photographers, researchers, filmmakers, and documentary makers, will find this beneficial.   

Through the addition of functions like navigation and follow-me modes, as well as the standardization of other intriguing aspects, autonomous flying technology is becoming even more appealing to consumers. It also makes them reliable and safe. This boosts its market by making this technology accessible to users from various fields of expertise. Innovative manufacturers are also designing UAVs with hybrid technology that uses two or more energy sources to run its flight propulsion systems, new airframes, fuel injection systems and liquid cooled powertrains. 

Multirotor UAV Market Driving Factors 

The applications of unmanned aerial vehicles or UAVs are significantly expanding with technological advancements. Multirotor unmanned aerial vehicles are drones integrated with advanced technology. These are remote controlled devices that can fly like helicopters used for aerial support. Such UAVs are very versatile and can be used for a variety of purposes. Thus, they are becoming popular for defense, government, personal and commercial purposes.  

The evolution of technologically advanced drones permits these machines to perform a variety of specialized tasks. They are gaining popularity in operations such as agricultural, construction and surveying projects. This permit UAVs to be used for tasks such as mapping sites, inspection of structures and crop monitoring. Compact UAVs are portable and equipped with technologically advanced sensors and cameras that do not compromise performance capabilities. This allows its users to carry them and travel with ease.  

Governments across the world are producing regulatory improvements to promote the UAV market. Multirotor UAVs are also being considered for transportation and logistics as they aid in contactless support as they can perform a variety of tasks in distant or risky situations. Their efficiency and ability to cater to a wide range of applications are their driving factors. 

Multirotor UAV Market Challenges 

The performance of multirotor drones can be affected by weather conditions such as intense winds, cold temperatures, and precipitation. This increases the chances of damaging the electronic parts of UAVs. Lack of stealth makes them easily detectable from a distance which becomes challenging in sectors such as defense. The inflated cost involved in research and development of multirotor drones along with inflated cost of technologically advanced parts such as sensors and cameras lead to excessive costs of multirotor UAVs and their spare parts.  

Many UAVs consist of major flaws as they lack wireless security protection systems and encryption software. They can be prone to Wi-Fi jamming and be disoriented through device monitoring systems. UAVs are prone to technical issues including failure in connection between drones and their users, causing them to lose control. UAVs used for personal use, photography, etc., have issues with their battery life that results in reduced flight time. The life span of batteries deteriorates soon and creates a possibility for the device to malfunction. This generates the need to frequently charge or change batteries which hinders their growth in the market. 

Multirotor UAV Market – Key Industry News 

• In January 2024, an EMF-guided multirotor unmanned aircraft system has been developed successfully by Manifold Robotics Inc. in collaboration with New York State Energy Research and Development Authority (NYSERDA). It includes new sensing technologies and software, allowing it to leverage electromagnetic fields for navigation. 
• In December 2023, Chengdu JOUAV Automation Tech Co. Ltd., a recognized unmanned aerial vehicle manufacturer, introduces its new generation multirotor drone called the PH-20. It is designed to meet the demands of modern industries and is lightweight, has better payload capacity, reliability and deliver extended flight operation time. 
• In September 2023, Taharqa Technologies Ltd., a Kazakh drone startup, introduced its new project at the Belgrade Partner 23 defense fair. Its next-gen multirotor drone is currently a prototype and is being developed for the country’s armed forces. 

Multirotor UAV Market Competitive Landscape 

The participants in the global multirotor UAV market industry is always developing their strategies to preserve a competitive advantage. Companies primarily use acquisitions, R&D, partnerships, and technological launches. Several important entities in the multirotor UAV market include SZ DJI Technology Co. Ltd., Tomahawk Robotics Inc., ideaForge Technology Pvt. Ltd., Cyberhawk Innovations Ltd., AeroVironment Inc., and others. The multirotor UAV market is highly competitive. The growing use of these devices due to their usefulness in multiple areas contributes to its market growth. The market players intend to devote significant resources in research and development to enhance their presence in the market that ensures survival and profitability eventually. 

Multirotor UAV Market Company Share Analysis, 2023 (%) 

Multirotor UAV Market – Key Companies 

Reason to Buy from us

Table of Contents 

1. Introduction	1.1. Research Methodology 1.2. Scope of the Study
2. Market Overview / Executive Summary	2.1. Global Multirotor UAV Market (2018 – 2022) 2.2. Global Multirotor UAV Market (2023 – 2029)
3. Market Segmentation	3.1. Global Multirotor UAV Market by Type  3.1.1. Tricopters  3.1.2. Quadcopters  3.1.3. Hexacopters  3.1.4. Octocopters 3.2. Global Multirotor UAV Market by Payload  3.2.1. Control Systems  3.2.2. Tracking Systems  3.2.3. Camera and Imaging Systems  3.2.4. Others 3.3. Global Multirotor UAV Market by Application  3.3.1. Surveillance, monitoring and inspection  3.3.2. Surveying and mapping  3.3.3. Aerial photography  3.3.4. Others 3.4. Global Multirotor UAV Market by End User  3.4.1. Consumer  3.4.2. Commercial  3.4.3. Military and Government
4. Regional Segmentation	4.1. North America  4.1.1. The U.S.  4.1.2. Canada  4.1.3. Mexico 4.2. South America  4.2.1. Brazil  4.2.2. Argentina  4.2.3. Colombia  4.2.4. Chile  4.2.5. Rest of South America 4.3. Asia Pacific  4.3.1. China  4.3.2. India  4.3.3. Japan  4.3.4. South Korea  4.3.5. Rest of Asia Pacific 4.4. Europe  4.4.1. UK  4.4.2. Germany  4.4.3. Italy  4.4.4. France  4.4.5. Spain  4.4.6. Rest of Europe 4.5. The Middle East  4.5.1. Turkey  4.5.2. UAE  4.5.3. Saudi Arabia  4.5.4. Rest of the Middle East 4.6. Africa  4.6.1. Egypt  4.6.2. South Africa  4.6.3. Rest of Africa
5. Value Chain Analysis of the Global Multirotor UAV Market
6. Porter Five Forces Analysis	6.1. Threats of New Entrants 6.2. Threats of Substitutes 6.3. Bargaining Power of Buyers 6.4. Bargaining Power of Suppliers 6.5. Competition in the Industry
7. Trends, Drivers and Challenges Analysis	7.1. Market Trends  7.1.1. Market Trend 1  7.1.2. Market Trend 2  7.1.3. Market Trend 3  7.1.4. Market Trend 4  7.1.5. Market Trend 5 7.2. Market Drivers  7.2.1. Market Driver 1  7.2.2. Market Driver 2  7.2.3. Market Driver 3  7.2.4. Market Driver 4  7.2.5. Market Driver 5 7.3. Market Challenges  7.3.1. Market Challenge 1  7.3.2. Market Challenge 2  7.3.3. Market Challenge 3  7.3.4. Market Challenge 4  7.3.5. Market Challenge 5
8. Regulatory Landscape
9. Competitive Landscape	9.1. SZ DJI Technology Co. Ltd. 9.2. Tomahawk Robotics Inc. 9.3. IdeaForge Technology Pvt. Ltd. 9.4. Cyberhawk Innovations Ltd. 9.5. AeroVironment Inc. 9.6. Company 6 9.7. Company 7 9.8. Company 8 9.9. Company 9 9.10. Company 10

Multirotor UAV Market – Frequently Asked Questions (FAQs) 

What is the current size of the global multi rotor UAV Market?

The market size for the global multi rotor UAV Market in 2024 is $4.82 Bn.

Who are the major vendors in the global multi rotor UAV Market?

The major vendors in the global multi rotor UAV Market are SZ DJI Technology Co. Ltd. (China), Tomahawk Robotics Inc. (U.S), IdeaForge Technology Pvt. Ltd. (India), Cyberhawk Innovations Ltd. (U.K), AeroVironment Inc. (U.S).

Which segments are covered under the global multi rotor UAV Market segments analysis? 

This report offers in-depth insights into each type, payload, application, end user.