| Product Code: ETC12954790 | Publication Date: Apr 2025 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In 2024, Grenada continued to rely heavily on the USA and UK for multirotor drone imports, with a high Herfindahl-Hirschman Index (HHI) indicating market concentration. Despite a modest compound annual growth rate (CAGR) of 3.41% from 2020 to 2024, the negative growth rate of -94.25% from 2023 to 2024 suggests a significant downturn in the market. It will be crucial for stakeholders to closely monitor this trend and adapt strategies to navigate the challenging market conditions in the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Multirotor Drone Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Multirotor Drone Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Multirotor Drone Market - Industry Life Cycle |
3.4 Grenada Multirotor Drone Market - Porter's Five Forces |
3.5 Grenada Multirotor Drone Market Revenues & Volume Share, By Drone Type, 2021 & 2031F |
3.6 Grenada Multirotor Drone Market Revenues & Volume Share, By Payload Capacity, 2021 & 2031F |
3.7 Grenada Multirotor Drone Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Grenada Multirotor Drone Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Grenada Multirotor Drone Market Revenues & Volume Share, By Range, 2021 & 2031F |
4 Grenada Multirotor Drone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for aerial photography and videography in industries such as real estate, agriculture, and tourism, boosting the adoption of multirotor drones in Grenada. |
4.2.2 Technological advancements leading to the development of more advanced and efficient multirotor drones with improved features and capabilities. |
4.2.3 Growing interest in recreational and hobbyist drone flying among the population in Grenada, driving the sales of multirotor drones. |
4.3 Market Restraints |
4.3.1 Stringent regulations and restrictions imposed by the government regarding drone usage in Grenada, limiting the market growth. |
4.3.2 High costs associated with purchasing and maintaining multirotor drones, especially for individuals and small businesses in Grenada. |
5 Grenada Multirotor Drone Market Trends |
6 Grenada Multirotor Drone Market, By Types |
6.1 Grenada Multirotor Drone Market, By Drone Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Multirotor Drone Market Revenues & Volume, By Drone Type, 2021 - 2031F |
6.1.3 Grenada Multirotor Drone Market Revenues & Volume, By Quadcopters, 2021 - 2031F |
6.1.4 Grenada Multirotor Drone Market Revenues & Volume, By Hexacopters, 2021 - 2031F |
6.1.5 Grenada Multirotor Drone Market Revenues & Volume, By Octocopters, 2021 - 2031F |
6.1.6 Grenada Multirotor Drone Market Revenues & Volume, By Tricopters, 2021 - 2031F |
6.1.7 Grenada Multirotor Drone Market Revenues & Volume, By Hybrid Drones, 2021 - 2031F |
6.2 Grenada Multirotor Drone Market, By Payload Capacity |
6.2.1 Overview and Analysis |
6.2.2 Grenada Multirotor Drone Market Revenues & Volume, By Below 2 kg, 2021 - 2031F |
6.2.3 Grenada Multirotor Drone Market Revenues & Volume, By 2-5 kg, 2021 - 2031F |
6.2.4 Grenada Multirotor Drone Market Revenues & Volume, By 5-10 kg, 2021 - 2031F |
6.2.5 Grenada Multirotor Drone Market Revenues & Volume, By 10-20 kg, 2021 - 2031F |
6.2.6 Grenada Multirotor Drone Market Revenues & Volume, By Above 20 kg, 2021 - 2031F |
6.3 Grenada Multirotor Drone Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Grenada Multirotor Drone Market Revenues & Volume, By Surveillance, 2021 - 2031F |
6.3.3 Grenada Multirotor Drone Market Revenues & Volume, By Search & Rescue, 2021 - 2031F |
6.3.4 Grenada Multirotor Drone Market Revenues & Volume, By Mapping & Surveying, 2021 - 2031F |
6.3.5 Grenada Multirotor Drone Market Revenues & Volume, By Delivery Services, 2021 - 2031F |
6.3.6 Grenada Multirotor Drone Market Revenues & Volume, By Agriculture, 2021 - 2031F |
6.4 Grenada Multirotor Drone Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Grenada Multirotor Drone Market Revenues & Volume, By Defense Forces, 2021 - 2031F |
6.4.3 Grenada Multirotor Drone Market Revenues & Volume, By Law Enforcement, 2021 - 2031F |
6.4.4 Grenada Multirotor Drone Market Revenues & Volume, By Environmental Agencies, 2021 - 2031F |
6.4.5 Grenada Multirotor Drone Market Revenues & Volume, By Logistics Companies, 2021 - 2031F |
6.4.6 Grenada Multirotor Drone Market Revenues & Volume, By Agricultural Sector, 2021 - 2031F |
6.5 Grenada Multirotor Drone Market, By Range |
6.5.1 Overview and Analysis |
6.5.2 Grenada Multirotor Drone Market Revenues & Volume, By Short-Range, 2021 - 2031F |
6.5.3 Grenada Multirotor Drone Market Revenues & Volume, By Medium-Range, 2021 - 2031F |
6.5.4 Grenada Multirotor Drone Market Revenues & Volume, By Long-Range, 2021 - 2031F |
6.5.5 Grenada Multirotor Drone Market Revenues & Volume, By Extended Range, 2021 - 2031F |
6.5.6 Grenada Multirotor Drone Market Revenues & Volume, By Custom Range, 2021 - 2031F |
7 Grenada Multirotor Drone Market Import-Export Trade Statistics |
7.1 Grenada Multirotor Drone Market Export to Major Countries |
7.2 Grenada Multirotor Drone Market Imports from Major Countries |
8 Grenada Multirotor Drone Market Key Performance Indicators |
8.1 Average flight time per drone, indicating the efficiency and battery life of multirotor drones in Grenada. |
8.2 Number of drone pilot certifications issued in Grenada, reflecting the increasing interest and adoption of drone technology. |
8.3 Rate of innovation in drone features and functionalities, showcasing the pace of technological advancements in the Grenada multirotor drone market. |
9 Grenada Multirotor Drone Market - Opportunity Assessment |
9.1 Grenada Multirotor Drone Market Opportunity Assessment, By Drone Type, 2021 & 2031F |
9.2 Grenada Multirotor Drone Market Opportunity Assessment, By Payload Capacity, 2021 & 2031F |
9.3 Grenada Multirotor Drone Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Grenada Multirotor Drone Market Opportunity Assessment, By End User, 2021 & 2031F |
9.5 Grenada Multirotor Drone Market Opportunity Assessment, By Range, 2021 & 2031F |
10 Grenada Multirotor Drone Market - Competitive Landscape |
10.1 Grenada Multirotor Drone Market Revenue Share, By Companies, 2024 |
10.2 Grenada Multirotor Drone Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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