Back In 2019, a study of the global drone motor market shows the market valued at US$ 738 million, and it is expected to exceed US$ 7.3 billion during the projected period (2020-2030).
Multi-rotor drones are expected to be the most profitable, accounting for more than a third of the global demand pie for drone motors. Various retail and logistics firms around the world are developing new ways to test drone delivery services and systems in order to alleviate the problem of “last mile” deliveries.
Drones and robot delivery are now not as far-fetched as they appear, and many firms are likely to integrate them in the future, opening up new growth opportunities for drone motor manufacturers. The current COVID-19 epidemic, on the other hand, has hampered the expansion of the drone motors market. On the heels of the COVID-19 pandemic, demand for drone motors is likely to fall in 2020.
Key Segments of the Drone Motor Market
The material in Fact.study MR’s on the drone motor industry is organised into four sections: coverage patterns, source, range, and geographical analysis. This study provides in-depth information and data on key market dynamics and growth indicators connected with these categories.
- Fixed Wing
- Fixed-Wing Hybrid
- Brushless DC Motor
- Brushless DC Motor
- < 50W
- 50W to 200W
- > 200W
- North America
- Latin America
- East Asia
- South Asia
Drone Motors Market Regional Insights:
North America dominated the worldwide drone motors market in 2019 and will continue to do so in the future, both in terms of value and volume. During the forecast period, the area is expected to increase at a staggering 27.2 percent CAGR. Drones are increasingly being used for espionage and surveillance purposes in the United States, which is projected to drive the drone motor industry forward.
Furthermore, as US rules mandate construction businesses to monitor their sites on a regular basis, the use of drones in the construction industry is increasing. As a result, organisations are utilising the deployment of drones to examine locations, resulting in rapid expansion of the drone motor market. Based on the foregoing factors, North America is expected to provide an absolute $ opportunity of US$ 2.2 billion between 2020 and 2030.
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