Rotary Blade UAV Drones Market By Product Type (Less Than 8, More Than 8) , By Application (Law Enforcement Delivery, Disaster Management, Agriculture Monitoring, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Rotary Blade UAV Drones Market
The rotary blade UAV drones market was valued at $10.2 billion in 2023 and is projected to reach $33.4 billion by 2033, growing at a CAGR of 12.6% from 2024 to 2033.
A rotary blade unmanned aerial vehicle (UAV) drone uses rotating blades to achieve its flight. It works on the principle of aerodynamic lift, in which the rotation of blades moves the air downward and helps in vertical take-off & landing. The drone has applications in several industries, including military, commercial uses, and scientific research. There are different types of rotor blades integrated into the drones such as single rotors, multiple rotors, or coaxial rotors.
Increase in the use of UAVs for several commercial applications such as in agriculture, aerial filming, surveying, and delivery services acts as a key driver of the rotary blade UAV drones market. In addition, rise in technological advancements in drone technology such as autonomous flight, enhanced sensors, and high-quality cameras is propelling the growth of the market. A notable trend gaining prominence in the market is the development of rotor blades with minimal to zero sound. Manufacturers are exploring advanced techniques such as neural network-based audio signal noise reduction and electromagnetic rotor modulation systems to reduce the emission of sound & expand the utility of drones in sensitive areas.
However, the high procurement and maintenance expenditure of rotary blade UAV drones deters several budget-sensitive individuals and organizations from their usage, hampering the development of the market. Moreover, rise in the stringency of regulations for flying drones and upsurge in the implementation of various no-fly zones & airspace restriction areas restrain the growth of the rotary blade UAV drones market. Contrarily, expansion of the e-commerce industry and deployment of drones to accomplish the deliveries are projected to present lucrative opportunities for the rotary blade UAV drones market. According to McKinsey—a global management consulting firm—more than 800,000 paid commercial deliveries occurred via UAVs globally in 2023. Drone delivery services are further expected to scale-up in the coming years and open new avenues for the market.
Segment ReviewThe rotary blade UAV drones market is segmented into product type, application, and region. On the basis of product type, the market is bifurcated into less than 8 and more than 8. Depending on application, it is divided into law enforcement delivery, disaster management, agriculture monitoring, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of product type, the less than 8 segment held a high share of the market in 2023.
Depending on application, the agriculture monitoring segment acquired a high stake in the market in 2023.
Region wise, Asia-Pacific was the highest revenue generator in 2023.
Competition AnalysisThe major players in the global rotary blade UAV drones market include DJI, Parrot SA, Yuneec International, Aerovironment Inc., Boeing, Lockheed Martin Corporation, Northrop Grumman Corporation, Textron Inc., Thales Group, and Israel Aerospace Industries. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy Product TypeLess Than 8
More Than 8
By ApplicationLaw Enforcement Delivery
Disaster Management
Agriculture Monitoring
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market PlayersDJI
Parrot SA
Yuneec International
Aerovironment Inc.
Boeing
Lockheed Martin Corporation
Northrop Grumman Corporation
Textron Inc.
Thales Group
Israel Aerospace Industries