Hexacopter Market Share, Size, Trends, Industry Analysis Report, By Product (Fixed-Wing, Hybrid, and Rotary Blade); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032
- Published Date:Jun-2023
- Pages: 119
- Format: PDF
- Report ID: PM3300
- Base Year: 2022
- Historical Data: 2019-2021
Report Summary
The global hexacopter market was valued at USD 5.30 billion in 2022 and is expected to grow at a CAGR of 16.3% during the forecast period. Increasing presence of easy-to-assemble assemblies with improved and higher payload capacity and large range of applications in the defense and commercial sectors, as hexacopter drone rotors work independently and varying the speed of each rotor to obtain the necessary torque, are key factors propelling the growth of the global market at significant pace.
To Understand More About this Research: Request a Free Sample Report
Moreover, increasing focus on major players of the market on expanding their product portfolio and geographical presence, in order to meet the growing demand and need for these products globally, are further escalating the demand in the near future. For instance, in January 2023, DRONECO by TSAW, a drone-based logistics service announced their expansion plan by aiming to do 122 million deliveries in the coming five years across 488 cities, covering over 10,000 pin codes in India.
Furthermore, numerous technological advancements worldwide that are gaining significant popularity and traction, which incorporates various types of functions such as face recognition, biological detection, and fifth-generation network technology for providing suggestive action and identify threats are likely to have positive impact on the market over the coming years.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the hexacopter market. Due to the rapid increase in the deadly coronavirus across the globe, there has been a significant surge or growth in the usage of drone technology in several contexts, as drones were extremely beneficial in such conditions and scenarios for monitoring and surveillance. And, to speed up the transportation time and reducing infection risk, these drones were being widely used in the healthcare industry worldwide.
For Specific Research Requirements, Speak to the Research Analyst
Industry Dynamics
Growth Drivers
The growing use of these types of drones across the globe by the film & entertainment industry to capture long shots with different positions along with the, the integration of drone in various applications provides a cost-efficient medium and minimize the expenditure on aerial vehicles and also mitigate the risks associated with it, are among the major factors projected to boost the demand and growth of global hexacopter market over the anticipated period. Furthermore, the various modern innovations including machine learning, artificial intelligence, and cloud computing among others that are being integrated with drones all over the world, as they provide real-time data and effective data-driven decision for the clients of various industries by enabling high-speed capture, processing, and transfer, which in turn, expected to contribute significantly towards the market growth in the near future.
Report Segmentation
The market is primarily segmented based on product, application, end-use, and region.
|
By Product |
By Application |
By End-Use |
By Region |
|
|
|
|
To Understand the Scope of this Report: Speak to Analyst
Rotary blade segment accounted for the largest share in 2022
The rapid increase in the demand for rotary blade drones mainly for the inspection activities due to its ability to hover and efficiently execute agile maneuvering while focusing on a particular target are the major factors propelling the demand and growth of the segment market. Moreover, these types of hexacopter drones have gained significant traction and being adopted as an alternative for several types of business applications like surveillance, filmmaking, monitoring, and photography, which in turn, positively affecting the segment growth.
The hybrid segment is anticipated to register fastest growth during the anticipated period, which is mainly driven by widespread adoption of these types of product as it helps in improving the efficiency and power through integrating the batteries and fuel capabilities. Moreover, the growing popularity of these drones for flying longer periods with heavy payloads even in the extreme and severe weather conditions are further influencing the growth of the segment market.
Precision agriculture segment is expected to witness fastest growth over the forecast period
The precision agriculture segment is expected to grow at a high CAGR during the anticipated period, which is highly attributable to growing aspects of adopting drones in the farm management and capabilities of drones to enable the farmers and agricultural employees to effectively collect farm data, automate several repetitive tasks, and enhance the productivity. This technology further helps famers with wide range of activities including field monitoring, agricultural plantation, and crop analysis and evaluate the health and growth.
The filming & photography segment led the industry and captured largest market revenue share, on account to continuous rise in the penetration for adoption drones among the photographers to obtain the competitive edge and gaining traction as a necessary and important component of the professional photography. In addition, the emerging trend of action films and web-series especially among the young generation, that requires innovative technologies to shoot the scenes with different angles and positions, are also resulting in increased demand for the product across the segment market.
Military & government segment held the significant market share in 2022
The military & government segment held the significant market share and is expected to grow at considerable growth rate over the coming years. The extensive in the usage of these drones for various purposes including reconnaissance, surveillance, and targeted assaults among others and growth in the military expenditure in countries like US, China, India, and France to automate several monitoring processes are the primary factors fueling the demand and growth of the segment market. For instance, according to a report, the national defense total in the United States in the 2022 omnibus spending bill is amounted to USD 782 billion, a significant increase of 5.6% over the 2021 appropriations. US presidents signed of USD 29 billion spending increase in fiscal year 2022 national defense budget.
North America region dominated the global market in 2022
North America held the largest market share. Region’s growth is largely attributed to the continuous advancements in the drone technology and surging demand from various enterprises or organizations across numerous industries along with the increasing prevalence of several favorable government initiatives and efforts. In addition, the Federal Aviation Administration (FAA) has imposed several new regulations to create more consistent and coherent standards for safe and legal UAVs operations in the commercial spaces, which has positively impacted the growth of the regional market at rapid pace.
The Asia Pacific region is projected to be the fastest emerging region during the forecast period, on account of the presence of lucrative regulatory framework and various new start-ups coming with innovative solutions and introducing several new products in the market. Moreover, many governments in the region like Government of India is highly focused on acquiring advanced technology to meet the emerging needs of security and defense sector, thereby adoption of Unmanned Aerial Vehicles is growing rapidly in the region and will help in stimulating the growth over the coming years.
Competitive Insight
Some of the major players operating in the global hexacopter market include AutoCopter Corporation, BLUE BEAR, Challenger Aerospace & Defense, Elistair, Aurelia Technologies, Ascending Technologies, Acecore Technologies, ATYges Ingeniería, Vision Aerial, Yuneec Holding, Shenzhen Keweitai Enterprise, MikroKopter, AirRobot, Parrot Drones, Draganfly Innovations, and AeroVironment.
Recent Developments
- In September 2022, Korea Army, introduced iots new “UMAC Aim Rifle Drone”, that are armed with the SNT Motiv K2 5.56 mm assault rifle. The new Aim Rifle Drone has maximum take-off weight of up to 43 kg inclusive of a 9.25 kg payload and the air vehicle electric propulsors are embedded with the 3 swappable 16,000 mAh Li ion batteries.
- In February 2021, Inspire Flight, partnered with the Level Five Supplies to expand its distribution network in the European market. With this partnership, Level Five will be available in form of IF1000 Hexacopter, IF1200 Hexacopter, & the IF750 Quadcopter by working with ground-breaking suppliers across the globe.
Hexacopter Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2023 |
USD 6.15 billion |
|
Revenue forecast in 2032 |
USD 24.03 billion |
|
CAGR |
16.3% from 2023–2032 |
|
Base year |
2022 |
|
Historical data |
2019–2021 |
|
Forecast period |
2023–2032 |
|
Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
|
Segments covered |
By Product, By Application, By End-Use, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
|
Key companies |
AutoCopter Corporation, BLUE BEAR, Challenger Aerospace & Defense, Elistair, Aurelia Technologies, Ascending Technologies, Acecore Technologies, ATYges Ingeniería, Vision Aerial Inc., Yuneec Holding Ltd., Shenzhen Keweitai Enterprise Development Co. Ltd., MikroKopter, AirRobot, Parrot Drones SAS, Draganfly Innovations Inc., and AeroVironment Inc. |
FAQ's
The hexacopter market report covering key segments are product, application, end-use, and region.
Hexacopter Market Size Worth $24.03 Billion By 2032.
The global hexacopter market expected to grow at a CAGR of 16.3% during the forecast period.
North America is leading the global market.
key driving factors in hexacopter market are growing use of these types of drones across the globe by the film & entertainment industry.
License and Pricing
Purchase Report Sections
- Regional analysis
- Segmentation analysis
- Industry outlook
- Competitive landscape
Connect with experts
Suggested Report
- Music Streaming Market Size, Share & Growth Analysis Report, 2023-2032
- Electrical Steel Market Size & Share Global Analysis Report, 2023-2032
- Global Foam Market Size, Share & Growth Analysis Report, 2023-2032
- Vacuum Shrink Bags Market Size & Share Global Analysis Report, 2023-2032
- Global Bidets Market Size, Share Analysis Report, 2023-2032
© 2023 Polaris Market Research and Consulting. All rights reserved
