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Multirotor Drones Market Set for 16.5% CAGR Surge, Reaching USD 14.3 Billion by 2032

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TOKYO, June 13, 2023 (GLOBE NEWSWIRE) — The Global Multirotor Drones Market Size accounted for USD 3.1 Billion in 2022 and is estimated to achieve a market size of USD 14.3 Billion by 2032 growing at a CAGR of 16.5% from 2023 to 2032.

Multirotor Drones Market Highlights and Stats:

  • In 2022, the worldwide Multirotor Drones Market was valued at USD 3.1 Billion, and it is projected to expand to USD 14.3 Billion by 2032. The market is expected to experience a Compound Annual Growth Rate (CAGR) of 16.5% during this period.
  • The major drivers of growth in the Multirotor Drones market include the increasing use of drones in various industries such as aerial photography, surveillance, agriculture, and logistics, as well as the rising demand for advanced and efficient drone technologies.
  • Some of the key players in the Multirotor Drones market include DJI, Parrot SA, Yuneec International, and Autel Robotics.
  • Multirotor drones are used for various purposes, including aerial photography, videography, surveillance, inspection, and delivery. They offer enhanced capabilities, maneuverability, and versatility compared to traditional fixed-wing drones.

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Multirotor Drones Market Report Coverage:

Market Multirotor Drones Market
Multirotor Drones Market Size 2022 USD 3.1 Billion
Multirotor Drones Market Forecast 2032 USD 14.3 Billion
Multirotor Drones Market CAGR During 2023 – 2032 16.5%  
Multirotor Drones Market Analysis Period 2020 – 2032
Multirotor Drones Market Base Year 2022  
Multirotor Drones Market Forecast Data 2023 – 2032
Segments Covered By Type, By Application, By Payload, By End-Use, And By Geography
Multirotor Drones Market Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Biogénesis Bagó, Boehringer Ingelheim International GmbH, Elanco, Heska Corporation, HESTER BIOSCIENCES LIMITED, Idexx Commercial, Indian Immunologicals Ltd., Kareo, Inc., Merck & Co., Inc., NXGN Management, LLC, Virbac, and Zoetis.
Report Coverage Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Multirotor Drones Market Analysis:

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The Multirotor Drones market has witnessed significant growth in recent years. This surge in the market can be attributed to the increasing adoption of drones across various industries, including photography, filmmaking, agriculture, infrastructure inspection, and logistics.

Multirotor drones are preferred for their ability to hover, take-off, and land vertically, making them suitable for operations in confined spaces and urban environments. They are widely used for aerial photography and videography, providing high-quality images and videos for professional and recreational purposes.

The agriculture industry is also leveraging multirotor drones for crop monitoring, pest control, and precision agriculture. These drones enable farmers to gather valuable data and make informed decisions to optimize crop yields and reduce costs.

In the logistics sector, multirotor drones are being explored for last-mile delivery, offering faster and more efficient transportation of goods, especially in remote or inaccessible areas.

Leading players in the Multirotor Drones market include DJI, Parrot SA, Yuneec International, and Autel Robotics. With the increasing demand for advanced drone technologies and their diverse applications, it is expected that the market will continue to grow, with further advancements and innovations in the future.

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Multirotor Drones Market Trends:

  • Advanced camera technologies: Multirotor drones are equipped with high-resolution cameras, gimbals, and image stabilization systems, enabling professional-grade aerial photography and videography.
  • Integration with artificial intelligence: Drones are being integrated with AI-powered algorithms for autonomous flight, object detection, and intelligent navigation, enhancing their capabilities in various applications.
  • Industrial inspections: Multirotor drones are increasingly used for infrastructure inspection, including bridges, buildings, power lines, and pipelines, providing cost-effective and safer alternatives to traditional inspection methods.
  • Drone swarm technology: Multiple drones can operate together as a swarm, collaborating on complex tasks such as search and rescue missions, surveillance, and precision agriculture, enabling scalable and synchronized operations.

Growth Dynamics in the Multirotor Drones Market:

The growth of the Multirotor Drones market is primarily driven by the increasing demand for advanced drone technologies and their applications across various industries.

Technological advancements in drone capabilities, such as longer flight times, higher payload capacity, improved sensors, and intelligent automation, are propelling the market’s growth. These advancements enable drones to perform complex tasks more efficiently and safely.

The market also benefits from the rising need for aerial photography and videography in industries such as media, entertainment, and advertising. Multirotor drones offer unique perspectives and creative possibilities for capturing images and videos.

Moreover, the agriculture sector is adopting drones for precision farming practices, enabling farmers to optimize crop management, reduce resource wastage, and increase yields. Drones equipped with advanced sensors and imaging technologies provide valuable data for monitoring crop health and implementing targeted interventions.

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The logistics industry is exploring the use of multirotor drones for last-mile delivery, particularly in remote or challenging terrains. Drones offer faster delivery times, reduced transportation costs, and improved accessibility to areas with limited infrastructure.

Furthermore, the ongoing research and development in drone technologies, including battery life extension, collision avoidance systems, and regulatory advancements, are expected to further drive the market’s growth.

Multirotor Drones Market: Reasons for Slowdown

  • The growth of the Multirotor Drones market may face certain challenges.
  • Regulatory restrictions and airspace regulations can hinder the widespread adoption of drones, especially in densely populated areas and sensitive locations. Ensuring safety, privacy, and public acceptance are key factors in overcoming these challenges.
  • Technological limitations such as battery life, flight range, and payload capacity can limit the operational efficiency and capabilities of multirotor drones. Continued advancements in battery technology and lightweight materials are essential to address these limitations.
  • Security concerns regarding unauthorized drone flights and the potential misuse of drone technology require robust countermeasures and regulatory frameworks to ensure public safety and protect critical infrastructure.
  • The high upfront costs associated with professional-grade multirotor drones, as well as the need for skilled operators, can be barriers to market growth. Increasing affordability and ease of use through technological advancements and user-friendly interfaces are crucial for wider adoption.
  • Competition from alternative technologies, such as fixed-wing drones, hybrid drones, or autonomous ground-based vehicles, may pose challenges to the multirotor drones market. Continued innovation and differentiation in capabilities and applications are key to maintaining market relevance.

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Segmentation of the Multirotor Drones Market:

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By Type

  • Tricopters
  • Hexacopters
  • Octocopters
  • Quadcopters

By Application

  • Aerial Photography
  • Surveillance, Inspection, and Monitoring
  • Mapping and Surveying
  • Other

By Payload

  • Tracking Systems
  • Control Systems
  • Camera and Imaging Systems
  • Other

By End-Use

  • Consumer
  • Military and Government
  • Commercial

Multirotor Drones Market Regional Analysis:

The North American region holds the largest market share worldwide in revenue terms, driven by the high adoption of drones in industries such as media, agriculture, and infrastructure inspection. The United States, in particular, is a key contributor to the market growth, with a significant demand for advanced drone technologies.

The Asia-Pacific region is experiencing the fastest growth, attributed to the increasing adoption of multirotor drones in sectors like agriculture, logistics, and surveillance. The region’s large population, rapid urbanization, and technological advancements contribute to the market’s expansion.

Europe is an important market for multirotor drones, driven by the demand for aerial photography, agriculture applications, and infrastructure inspection. The region’s focus on sustainability and precision farming further fuels the market growth.

The Middle East and Africa, as well as the Latin American regions, have a smaller market share, but are expected to grow steadily as the adoption of multirotor drones increases in industries like media, agriculture, and infrastructure development.

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Key Players in the Multirotor Drones Market:

Some of the prominent companies in the Multirotor Drones market include DJI, Parrot SA, Yuneec International, Autel Robotics, 3D Robotics, PrecisionHawk, Ehang, and AeroVironment. These companies are driving innovation in drone technologies and offering a wide range of products for various applications.

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Artificial Intelligence

How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024

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HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.

Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence

Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.

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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
Drone Sensor Market Size, Share, Industry Growth & Trends by Sensor Type, Platform (VTOL Type, Fixed Wing Type, Hybrid Type), Application (Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Power Monitoring), End Users and Region – Global Forecast to 2029
Smart Agriculture Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Hardware, Software, Services), Agriculture Type, Farm Size (Large, Medium, Small), Application (Precision Farming, Livestock Monitoring) and Region (America, Europe, Asia Pacific, Row) – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/anti-drone-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/anti-drone.asp
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Artificial Intelligence

CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review

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CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).

The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
 

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