Drone Motor Market value projected to expand by 2031

The global drone motor market was valued at US$ ~738 Mn in the year 2019 and is anticipated to surpass US$ ~7.3 Bn during the forecast period (2020-2030). Multi-rotor drones are projected to be the most lucrative, capturing more than three fourth of the overall demand pie in the global drone motors market. Various retail and logistics companies across the globe are formulating different ways of testing drone delivery services and drone delivery systems to solve the problem of “last mile” deliveries.

Presently, drones and robot deliveries are not as far-fetched as they seem and many companies are expected to eventually integrate these in the future, unlocking growth avenues for drone motor manufactures. However, the recent COVID-19 pandemic has negatively affected the growth of the drone motors market. Demand for drone motors is expected to witness a decline in 2024 on the back of the COVID-19 pandemic. The market for drone motors is forecast to witness a dexterous CAGR of 28.4%.

Drone Motors Market Trends:

The demand for drone motors will witness an upward trend on the back of competitive drone motor prices and spurring sales of drones. Various countries are adopting them for myriad security applications. In addition, the growing demand for drones in various applications like agriculture, military, oil & gas and forestry is anticipated to create ample opportunities for the players operating in the drone motors market. Amid the outbreak, drones are being used to monitor stringency with which lockdowns are being enforced. Therefore, it is estimated that drone motor sales in the aftermarket will increase during the pandemic. Moreover, the adoption of drone motor kits is increasing rapidly in retail and logistics companies in order to provide consumers with quickest product delivery. This will reinforce demand for drone motors.

Following Questions Answers Covered in the Report are:

• How will the global Drone Motor Market perform during the forecast period? What will be the market size in terms of value and volume?
• Which segment will drive the global Drone Motor Market? Which regional market will show extensive growth in the future? What are the reasons?
• How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
• What are the key strategies adopted by players to sustain themselves in the global Drone Motor Market?
• How will these strategies influence the market growth and competition?

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

Get More Insights –http://www.globenewswire.com/en/news-release/2018/01/17/1295637/0/en/6-Key-Takeaways-on-Skid-Steer-Loader-Market-for-Forecast-Period-2017-2026.html

The Report Covers Exhaustive Analysis On:

• Market Segments
• Market Dynamics
• Market Size & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Drone Motors Market Regional Insights:

North America dominated the global drone motors market in 2019 and in terms of value as well as volume over the forecast period. The region is estimated to grow at an astounding CAGR of 27.2% during the forecast period. Increasing use of drones for intelligence and surveillance activities in the USA is expected to propel the growth of drone motor market.

Moreover, the adoption of drones in the construction sector is rising as US laws require construction companies to inspect their sites on a regular basis. Therefore, companies are leveraging the use of drones to inspect the sites, which in turn has led to high growth of drone motor market. Based on the above mentioned facts, North America is anticipated to create an absolute $ opportunity of US$ 2.2 Bn during the forecast period 2024-2030.

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