Research

Multirotor drone market spinning towards sales of £6 billion within seven years

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The global market for multirotor drones is on course to reach $8.3 billion (£ 6.3 billion) within the next seven years, new research suggests. The market UAVs with more than two motors was worth $1.9 billion (£1.4 billion) last year but is poised to experience CAGR of 20% between now and 2027, according to Stratistics MRC. It said key factors propelling the market growth include the increasing need for quick access to mission critical locations, the growing use of UAVs in the military and law enforcement applications, and technological advancements to improve the working of multirotor drones. However, declining defence
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