Global Multirotor UAV Market 2015-2019
About multirotor UAV
Multirotor UAVs have become one of the essential part of military, commercial, and law enforcement market. It is a remotely controlled device for aerial support application and designed for vertical take-off and landing (VTOL). It supports industries such as mining, agriculture, aerial shooting, traffic monitoring, surveillance, and intelligence gathering. It gained popularity due to it long endurance capabilities in the air, cost-effectiveness, and easiness to operate.
Technavio’s analysts forecast the global multirotor UAV market to grow at a CAGR of 21.62% over the period 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the global multirotor UAV market for 2015-2019. The market can be segmented by application: military, commercial, and law enforcement.
Technavio’s report, Global Multirotor UAV Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA, and APAC; it also covers the landscape of the global multirotor UAV market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Multirotor UAV Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Multirotor UAV Market: Aerovironment, Cyberhawk Innovations, DJI Innovations, Israel Aerospace Industries and Microdrones
Other Prominent Vendors in the market are: 3D Robotics, Aeryon Labs, Aibotix, Coptercam and Draganfly Innovations
Commenting on the report, an analyst from Technavio’s team said: “The introduction of Hycopter is shaking up the market. This UAV's long-endurance surveillance capability is the result of the fact it operates on hydrogen fuel cells that utilize hydrogen tubes for power. Multirotor UAVs are now being used by law enforcement and firefighting personnel as well, due to their investigation and intelligence-gathering features. Also, the use of solar-powered UAVs is becoming a trend in the market.”
According to the report, the multirotor UAV market is constantly evolving, enabling industries such as the commercial wind turbine industry to make use of the technology's advantages. In the commercial wind turbine industry, it aids in safe inspection without risking human life and offers cost-effective and easier methods to perform investigations on turbines. In addition, the introduction of UAVs in law enforcement divisions and their use in natural resource management are expected to drive the market.
Further, the report states that the increasing use of multirotor UAVs is also raising privacy concerns, which have created a stir among vendors and government bodies. Also, these UAVs are vulnerable to hackers.
Aerovironment, Cyberhawk Innovations, DJI Innovations, Israel Aerospace Industries, Microdrones, 3D Robotics, Aeryon Labs, Aibotix, Coptercam, Draganfly Innovations
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