Global Hexacopter Market Size Will Reach USD 24.03 Billion By 2032: Report

Hexacopter Market Size Worth $24.03 Billion By 2032 | CAGR: 16.4%

The global hexacopter market size is expected to reach USD 24.03 billion by 2032, according to a new study by Polaris Market Research. The report “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, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing penetration of these kind of devices in the construction and real state sectors, as it offers several benefits and innovative features including surveying the property, offering consistent and exact project alerts, and prevent from the harmful accidents on construction sites along with the rising prevalence among regions with high rate of crimes and threats are positively impacting the market growth.

In addition, the introduction to features like reducing mechanical losses and providing long-term stability in the air and rise in R&D investments and favorable government initiatives to support the innovations and new product launches is creating lucrative growth opportunities for the market. For instance, in September 2022, AeroVironment, introduced new Vapor 55 MX, that delivers more simplified and modular design with improved performance that optimizes the user experience and it further help customers from defense & commercial

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With the extensive rise in the e-commerce across the globe, such devices are expected to shape the delivery & logistics industry, as there is rising need for quick delivery options of goods, drones are being widely used in large number of warehouses for the product delivery and warehousing. Additionally, ware houses across the globe are making significant investments towards the automation of their several processes, as UAVs are extremely beneficial in jobs and operations also, the demand will grow drastically in the near future.

Moreover, the miniaturization of the high-definition cameras and high advent of smaller, compact, and more powerful lithium-ion batteries have led to unleashing the imagination of videographers. The concept of adopting and utilizing drone as a robotic cameraman to get aerial photography and videography is mow being trending and will acquire large market share in the next coming years.

Hexacopter Market Report Highlights

  • Rotary blade segment accounted for largest market share, on account of increasing need and adoption of the product for monitoring and inspection activities
  • Precision agriculture segment is projected to grow at fastest CAGR during the anticipated period, which is highly attributable to increasing prevalence of drones for effective farm management and allow to collect farm data efficiently
  • Military & government segment held the highest market revenue share, which is mainly driven by growing use of drones for several purposes in military including surveillance and reconnaissance
  • North America region dominated the market with healthy market share, owing to high investments on military defense and early adoption of advanced technology to improve the quality standards of the drones
  • The global key market players include Challenger Aerospace, Vision Aerial, Yuneec Holding, Shenzhen Keweitai, and Parrot Drones

Polaris Market Research has segmented the hexacopter market report based on product, application, end-use, and region:

Hexacopter, Product Outlook (Revenue - USD Billion, 2019 - 2032)

  • Fixed-Wing
  • Hybrid
  • Rotary Blade

Hexacopter, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Mapping & Surveying
  • Filming & Photography
  • Surveillance & Monitoring
  • Inspection & Maintenance
  • Precision Agriculture
  • Others

Hexacopter, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Military & Government
  • Commercial
  • Consumer

Hexacopter, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa