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Global Multirotor Drones market is expected to reach $8.27 billion by 2027

GAITHERSBURG, Md., Aug. 6, 2020 /PRNewswire/ — According to Stratistics MRC, the Global Multirotor Drones Market is accounted for $1.90 billion in 2019 and is expected to reach $8.27 billion by 2027 growing at a CAGR of 20.2% during the forecast period.Stratistics MRC LogoSome of the key players in multirotor drones market include Aibotix, 3D Robotics-Drone & UAV Technology, Coptercam, Aerovironment, DJI Innovations, Israel Aerospace Industries (IAI), MicroMultiCopter Aero Technology (MMC), Draganfly Innovations, Microdrones GmbH, Aeryon Labs, Cyberhawk Innovations, Multirotor service-drone, GmbH, Parrot SA, and Yuneec International Co. Ltd.Some of the key factors propelling the market growth include increasing need for quick access to mission critical locations, increasing use of UAVs in the military and law enforcement applications, and technological advancements to improve working of multirotor drone. However, declining defense budgets and lack of skilled and trained pilots are expected to restrain the market growth. Moreover, growing demand of drones from the business and commercial sectors could bring new opportunities in the market in th
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