Hexacopter Market

Hexacopter Market Outlook (2023-2033)

The hexacopter market is estimated to reach valuation of US$ 6,305.4 Million in 2023 and will top US$ 29,038.3 Million by 2033, growing with a CAGR of around 16.5% from 2023-2033.

In 2023, the global drone market is estimated to have around 7.6 million unit shipments, while the drone market is projected to grow at 15.3% CAGR. In terms of volume, hexacopters will have nearly 1.4 million units’ demand, wherein sales of hexacopters accounted for nearly 19% share of the global drone market at the end of 2022.

Report Attributes	Details
Hexacopter Market Size (2022A)	US$ 5,265.0 Million
Estimated Market Value (2023E)	US$ 6,305.4 Million
Forecast Market Value (2033F)	US$ 29,038.3 Million
Global Market Growth Rate (2023-2033)	16.5% CAGR
North America Market Share (2023)	29.3%
North America Market Value (2023)	US$ 1,848.7 million
Europe Market Share (2023)	34.1%
Europe Market Value (2023)	US$ 2,150.8 million
China Market Share (2023)	11.6%
China Market Value (2023)	US$ 728.5 million
Market Share of Top 3 Countries	39.4%
Key Companies Profiled	Acecore Technologies AirRobot Ascending Technologies ATYges Engineering Aurelia Technologies Inc AutoCopter Corporation BLUE BEAR Challenger Aerospace & Defense Elistair FalconViz MikroKopter RAD?CO Shenzhen Keweitai Enterprise Development CO.,LTD Vision Aerial, Inc. Yuneec Holding Ltd.

Sales Analysis of Hexacopter (2018-2022) Vs. Market Outlook (2023-2033)

Using multiple rotors increases speed, power, drift, and descent time, making the drone more efficient. A drone called a hexacopter, which has six engines and six propellers is an efficient drone. A good option for long-term flight operations, hexacopters have an increased ability to carry and operate additional equipment to improve visual data.

The presence of easy-to-assemble assemblies with increased payload capacity and a wide range of applications in the defense and commercial sectors has led to the growth of the global hexacopters market. The hexacopters drone rotors work independently, varying the relative speed of each rotor to obtain the necessary torque and thrust to lift the drone.

The arrangement of the 6 propellers of the hexacopters gives stability even if one of the rotors is not working. Even if any of the two rotors or propellers out of six fail, the hexacopter can ensure a safe landing as the other propellers maintain their stability. The presence of features that reduce mechanical losses and provide long-term stability in the air has increased the demand for hexacopter drones.

• Short Term (2023 Q1 to 2026): The rising demand for aerial photography to boost the market for hexacopter.
• Medium Term (2026- 2029): Many developed and developing countries are anticipated to witness comparatively high hexacopter demand due to increasing threat from terrorism.
• Long Term (2029- 2033): Frequent adopting of new advanced technology and its implementation can open new opportunities for hexacopter drone market players.

From 2018 to 2022, the global market for hexacopter registered a CAGR of 15.4%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 16.5% CAGR between 2023 and 2033.

Market share analysis of hexacopter based on application and region is provided in the above image. Under the application segment, filming & photography sub-segment dominates with 24.4% market share in 2023.

What’s Driving High Demand for Hexacopter across Regions?

“The trend for using hexacopter drones for aerial photography to drive the demand for hexacopters.”

The miniaturization of high-definition cameras and the advent of smaller, more powerful lithium-ion batteries have unleashed the imagination of videographers. Today, camera-equipped drones can capture images in stunning clarity during drone flights lasting more than 20 minutes.

Remotely operated and equipped with a high-definition camera, the drone can perform discreet flyovers to capture aerial footage, get up close to guests, and capture unique photos with impressive aerial maneuvers.

The concept of using a drone as a robotic cameraman to provide aerial photography and videography is now trending. It's agile enough to shoot panoramas, track scenes in 360 degrees, and easily deliver aerial footage for film and television will soon rise its popularity and boost the market.

“Adoption of hexacopter in construction industry to boost the sales of hexacopter “

Drones have a variety of uses, including construction, such as flying in the sky and taking pictures. The rise of construction drones has become an interesting addition to construction services. The use of drone technology in the construction industry has grown 239% in recent years, outpacing all other industries. Drones help with aerial perspectives and data acquisition capabilities.

Construction drones offer many benefits, from site security to remote monitoring. Determine project costs, track construction progress, and provide updates – drones perform these tasks by providing video and imagery. Drones or Unmanned Aerial Vehicles (UAVs) are making headway in the construction industry as the sector matures and projects become more sophisticated.

What Do Hexacopter Manufacturers Need to Watch Out for?

“Performance issues of the hexacopter drones may hamper market growth”

Drones vary in initial cost and features but generally face similar performance issues. A really good drone can fly a little longer (mostly up to 30 mins) higher and farther. Moreover, the higher up hexacopters go, the fewer specific details will be recorded (and government agencies can have problems monitoring such things).

The farther the drones go, the narrower the drone's field of vision becomes, which can be quite scary, especially if high initial costs are included, also means it needs enough power to reach you safely.

Finally, while drones consume a lot of energy and can shoot great video, their batteries are slowly losing their ability to maintain the same charge. This means it will fly continuously for a short period of time until the battery is replaced. Such limitations of the drone can hamper the sales of the hexacopter drones.

Country Wise Analysis

What makes China Epicenter for the Hexacopter market?

China's civil aviation regulator has proposed a roadmap for the development of the civil drone industry, saying it hopes to boost its use in urban logistics and, ultimately, long-distance freight transport.

Plans proposed by China's civil aviation authority include improving regulations and increasing the airspace capacity of civil UAVs, among other things. It contains various goals that you wished to achieve.

Several companies in China have considered using robots, such as drones and boxes on wheels, to deliver packages for years, but regulatory hurdles and human deliveries have loomed large. Such growth factors in China will lead to the growth of China's hexacopter market by an impressive CAGR of 15.8% during the forecast period.

How Government in India to Benefit the Drone Industry?

The Government of India (GOI) is focused on acquiring advanced technology to meet the needs of the security and defense sector. One of these emerging technologies is Unmanned Aerial Vehicles (UAVs), which are now playing an important role in the industry in India and around the world.

In 2020, the drone market in India was valued at US$ 830 million and is projected to grow at a compound annual growth rate of 14.5% approximately during the mid-future of the forecast period. India's UAV market was valued around US$ 900 million by the end of 2021.

All these factors clearly indicate an impressive future for the drone industry in India thereby providing a platform for sales of all types of drones including the hexacopter. India will obtain a market valuation of US$ 158.7 million by 2023.

Category wise Insights

How Inspection Application of Drones Will Lead to Market Growth?

Industrial and commercial sites can be difficult to inspect and survey safely. In some cases, this means factories have to be temporarily closed for shipments and equipment shipments. Investigation and inspection teams may have to climb many flights of stairs and disrupt their regularly scheduled work shifts.

Drones equipped with one or more cameras can perform accurate and efficient building and asset inspections by creating a three-dimensional geomap using terrain and orthomosaic imaging. The sales of drones due to Inspection & Maintenance applications will reach a market valuation of US$ 1,246.6 million by 2023.

How Civil Drones Will Drive Hexacopter Market?

The usage of UAVs in civil applications as well as military ones has increased significantly. For their specific uses, each of the end-use industries needs sophisticated and appropriate drones along with their accessories.

The COVID-19 pandemic had an effect on the drone business in addition to the entire manufacturing industry and the world economy. After a brief lull, investment activity has resumed in 2021.

Over US$ 4 Million has been invested in the civil and military sectors together, with 75% of that sum coming from the USA and China. Investors are giving priority to integrated businesses that offer software platforms and durable hardware accessories.

Competitive Landscape

Fact.MR profiled the following top companies in hexacopter market in its report are Acecore Technologies, AirRobot, Ascending Technologies, ATYges Engineering, Aurelia Technologies Inc, AutoCopter Corporation, BLUE BEAR, Challenger Aerospace & Defense, Elistair, FalconViz , MikroKopter, RAD?CO, Shenzhen Keweitai Enterprise Development CO.,LTD, Vision Aerial, Inc., Yuneec Holding Ltd.

UAV hardware manufacturers are focusing on developing their own sensors, software, and radars, which pushes third party producers off the market. All these factors widen the scope of the drone market including the hexacopters.

• Acecore Technologies released its latest multi-rotor drone platform designed for commercial, professional, and industrial applications in 2020. The Acecore Noa which is basically a hexacopter combines heavy lifting capability with flight endurance, lifting payloads of up to 20kg and flying for up to 60 minutes.
• In 2020, Elistair announced the development of a new Orion 2 drone for industrial, military, and government applications. Unlike other multirotor drones, this Orion 2 hexacopter will provide full-day surveillance that is up to 24 hours, making it a true permanent surveillance platform.

Fact.MR has provided detailed information about the price points of key manufacturers of hexacopter positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Hexacopter Industry Research

• By Payload :

  • Less Than 5 kg
  • 5-10 kg
  • Above 10 kg

• By Drone Type :

  • Consumer / Civil
  • Commercial
  • Military

• By Application :

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

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Middle East & Africa