- The key vendors in the global multirotor UAV market 2015-2019 are AeroVironment, Cyberhawk Innovations, DJI Innovations, Israel Aerospace Industries and Microdrones
London, 02 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global multirotor UAV market 2015-2019. Introduction of hycopters is one of the latest trends emerging in the market. These UAVs have long endurance and also enhance surveillance capabilities for long distances. These store hydrogen energy instead of air and have a lower energy storage weight. The global multirotor UAV market is expected to grow at a CAGR of 21.62% during the forecast period of 2014-2019.
Military is the largest end-user of multirotor UAVs, occupying around 95% of the total market revenue. Global military forces have started using new technologies, such as fixed and multirotor UAVs, with their increased defense spending. UAVs aid in counter-terrorism measures, border patrol, aerial mapping, and surveillance, search, and rescue missions.
“Innovations in solar technology have led to the creation of UAVs powered by solar energy. These UAVs provide a high endurance of about 300 hours and are capable of reaching double the height in comparison to traditional UAVs. Also, some solar-powered UAVs can stay in the air for months or years and can withstand temperatures up to 140°F,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Multirotor UAV Market 2015-2019, please send an e-mail to media@TechNavio.com
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