A quadcopter is a multirotor helicopter that is lifted and propelled by four rotors. It uses two pairs of counter-rotating propellers to generate lift and control movement. The key components of a quadcopter include the frame, four propellers, four electric motors, an electronic speed controller, batteries, a flight controller, and a radio transmitter and receiver. Quadcopters have applications in areas like 3D mapping, search and rescue operations, farming, environmental monitoring, and event photography. Their advantages include smaller rotors, reduced damage risk, easier construction, and lower costs compared to helicopters. However, their limitations include restricted battery life and potential vulnerability if hacked or taken over.