Quadcopter Market

Quadcopter Market Outlook (2023-2033)

The global quadcopter market is expected to reach a valuation of US$ 24,147.0 million in 2023 and is expected to progress at a CAGR of 14.6% to reach US$ 94,342.8 million by the end of 2033.

In 2023, the global drone market is estimated to be valued around US$ 33.9 billion, while the drone market is projected to grow at 17.6% CAGR. Quadcopter is the leading drone type in revenue generation, wherein sales of quadcopter accounted for nearly 71% share of the global drone market at the end of 2022.

Report Attributes	Details
Market Size (2023A)	US$ 20,626.0 million
Estimated Market Value (2023E)	US$ 24,147.0 million
Forecasted Market Value (2033F)	US$ 94,342.8 million
Global Market Growth Rate (2023-2033)	14.6% CAGR
North America Market Share (2023)	~32.1%
North America Market Value (US$ Mn), 2023	US$ 7,753.6 million
Europe Market Share (%), 2023	~33.1%
Europe Market Value (US$ Mn), 2023	US$ 7,995.1 million
China Market Share (%), 2023	~ 14.5%
China Market Value (US$ Mn)	US $ 3,507.0 million
Market Share of Top 3 Countries	~46.4%
Key Companies Profiled	DJI Autel Robotics drones DraganFly Inc. ALTAIR INC. ALL Uvify Inc. Terra Drone Corp. Tracxn Technologies Limited Delair Hubblefly Technologies Pvt Ltd Potensic Unmanned Systems Technology Yuneec Holding Ltd. DroneNerds ideaForge Pvt Ltd. Teledyne FLIR LLC

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

The presence of multiple rotors increases the speed, performance, drift, and descent times, making the drone more efficient. A good option for long-term aerial operations, quadcopters have an increased ability to carry and operate additional equipment for obtaining improved visual data. The presence of easy-to-assemble assemblies with increased carrying capacity and wide range of applications in the defense and commercial sectors has led to the growth of the global quadcopter market.

The quadcopter's drone rotors operate independently, varying the relative speed of each rotor to obtain the thrust and torque required to lift the drone. This arrangement provides stability even if one of the rotors is not working, while the other rotors provide stability while hovering in the air.

The presence of features that reduce mechanical losses and provide long-term stability in the air has increased the demand for quadcopter drones. Based on the above factors, the sales of quadcopter are projected to reach valuation of US$ 24,147.0 million in 2023, growing at a CAGR of 14.6%.

• Short Term (2023 Q2 to 2025): Growing commercial use will positively impact quadcopter market growth.
• Medium Term (2025-2028): U.S. and China is anticipated to witness comparatively high quadcopter demand due to increasing advancement in drone technology.
• Long Term (2028-2033): Adopting new advanced technology like UAV can open new opportunities for quadcopter market players.

From 2018 to 2023, the global market for quadcopter registered a CAGR of 12.3%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 14.6% CAGR between 2023 and 2033.

Market share analysis of quadcopter based on drone type and region is provided in the above image. Under the drone type segment, military sub-segment dominates with 68% market share in 2023.

What’s Driving High Demand for Quadcopter across Regions?

“Rising Demand for Drone Operability in Extreme Conditions to Elevate the Market Growth”

Quadcopter drones can perform a variety of tasks in remote and dangerous locations. However, quadcopters cannot fly in all weather conditions. Weather conditions such as precipitation, high winds, and low temperatures can affect the performance of your quadcopter drone. For example, precipitation can damage quadcopter drone electronics.

These factors have increased the demand for quadcopter drones that can operate in extreme conditions. Moreover, only a few drone manufacturers have already started developing and launching new drones that can be easily operated in extreme conditions. Therefore, quadcopter drones are expected to drive growth during the forecast period.

“Increasing Use of Quadcopter Drone in Application Sector Enhances the Sales of Quadcopter”

Quadcopters are capable of vertical take-off and vertical landing. The presence of this factor increases the use of quadcopters in geographically inaccessible terrain for surveillance, surveying and patrol. The use of quadcopters is increasing in the global defence sector as the use of single-rotor and fixed-wing drones is restricted.

The quadcopter has a hovering capability of 40 minutes to 40 hours. Increased construction work in complex areas such as estuary dams, mountain bridges and shipbuilding has increased the demand for aerial surveillance vehicles with long hovering capabilities.

Increased demand for easy-to-control aircraft for commercial and geographic inspections has led to increased demand for quadcopters. Therefore, the growth of the global quadcopter market in the construction industry is expected to increase at a growth rate of 6.2% until 2033.

What Do Quadcopter Manufacturers Need to Watch Out for?

“High Price of the Quadcopter Drone System and Spare Parts is the Major Restraining Factor.”

Quadcopter drones are growing in popularity among people who want to earn extra money, explore aerial photography, and fly drones for fun in addition to traditional aviation enthusiasts. Sales of quadcopter drones have significantly increased worldwide as consumers increasingly use drones to enhance their hobbies and interests.

However, quadcopters come in a variety of price points. A quadcopter's manufacturing price ranges from just over $30 on average to $3,000 or more when high performance is needed. The price range of quadcopter drones may therefore limit market growth.

Country-wise Insights

Why U.S. is Expected to Drive Quadcopter Demand over the Assessment Period?

The United States holds the largest market share at around 89% in 2023 in North America region, and is expected to increase over the following decade as a result of government initiatives, developments in drone technology, and rising demand from businesses in numerous industries predicted to experience rapid growth.

The U.S. Federal Aviation Administration (FAA) has also released new regulations that offer more comprehensive and consistent guidance regarding the safe and legal operation of unmanned aerial vehicles (UAVs) in commercial settings. These laws and rules are designed to make it easier to enter the market and promote product acceptance in the US. As a result, it is anticipated that the US quadcopter market will reach US$ 6,918.5 million valuation by 2033.

Why Chinese Quadcopter Market Expected to Be Highly Lucrative?

China is where the majority of drones are made. The majority of military drone sales are made in China, which had 1,800 drone manufacturers at the start of 2023. The Chinese government, which is pursuing a number of subsidy programs and other advantageous domestic policies, is encouraging the use of drones in various industrial areas.

However, what is causing the country's drone boom has increased the demand for monitoring, inspection and surveying and in various end-use verticals such as construction, agriculture, surveillance applications, infrastructure, energy, telecommunications, mining, and insurance industries.

China is projected to produce 74% of the East Asia revenue. Long-term market expansion for quadcopters in China is made possible by all of these variables, producing a valuation of US$ 3,507 million in 2023.

Category-wise Insights

Why is Advanced Agriculture in End Use a Driving Segment in Quadcopter Market?

Drone technology is being used by farmers to boost yields and cut expenses. Drones enable farm employees to reduce and streamline redundant tasks, increasing the viability and efficiency of their employment. Robotic agricultural drones can speed up the laborious, repetitive, and time-consuming harvesting process by picking up product and pollinating crops from an airborne position.

Drones' superior image processing skills enable real-time monitoring of weather changes. As a result, the quadcopter can be used to monitor weather patterns. For instance, drone-like autonomous yachts can gather marine and atmospheric data from the ocean's surface and use it to forecast weather patterns and trends. Stakeholders are using software as the focus of the world moves to climate change.

Owing to the above facts, the precision agriculture sub-segment of the quadcopter market is predicted to generate a valuation of US$ 3,436.1 million in 2023.

Why There is Big Opportunity for Military Segment in Drone Type Quadcopter Market?

The demand for military drone manufacture will rise as government financing for military drones is increased in an effort to improve the effectiveness of military operations. In 2020, the U.S. Navy's funding for unmanned systems is expected to increase by 38%, according to one assessment.

In addition, the U.S. Department of Defense asked for $9.39 billion in fiscal 2020 for drones and related technology. As a result, rising government spending on unmanned aerial vehicles is driving the market for military drones. A subsequent increase in demand for the military segment, whose market value is anticipated to be around US$ 16,419.9 million in 2023.

Competitive Landscape

Prominent quadcopter manufacturers are DJI, Autel Robotics drones, DraganFly Inc., ALTAIR INC. ALL, Uvify Inc., Terra Drone Corp., Tracxn Technologies Limited, Delair, Hubblefly Technologies Pvt Ltd., Potensic, Unmanned Systems Technology, Yuneec Holding Ltd., DroneNerds, ideaForge Pvt Ltd., Teledyne FLIR LLC.

The global quadcopter market is differentiated, with many large and small market players. Therefore, in order to survive and thrive in such a competitive environment, manufacturers must differentiate their products with technologically advanced and unique products. This competitive environment can also lead to lower product prices to maintain market positions, which can adversely affect manufacturers' profit margins.

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

Segmentation of Quadcopter Industry Research

• By Product type :

  • Plus Shape Quadcopter
  • Cross Shape Quadcopter
  • H shape Quadcopter

• By Payload :

  • Upto 25 Kg
  • 25 Kg - 50 Kg
  • 50 Kg - 100 Kg
  • Above 100 kg

• By Drone Type :

  • Consumer / Civil
  • Commercial
  • Military

• B Application :

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

• By Region :

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