Global Drone Motor Market Is Expected to Reach $9.9 Billion by 2031: Says AMR

Wilmington, Delaware, Oct. 17, 2024 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global drone motor market size was valued at $2.6 billion in 2021, and is projected to reach $9.9 billion by 2031, growing at a CAGR of 15.1% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market. 

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Report coverage & details: 

Forecast Period  2021–2031 
Base Year  2021 
Market Size in 2021  $2.6 Billion 
Market Size in 2031  $9.9 Billion 
CAGR  15.1% 
No. of Pages in Report  404 
Segments Covered  Motor Type, Drone Type, Power Capacity, Application, and Region. 
Drivers   Rising demand for drones across several applications  
Growth in demand for improved surveillance solution 
Upsurge in defense spending 
Restraints  Stringent rules and regulations by government to impact the global sales 
High cost and limited performance associated with system to limit the adoption of drone motors 
Opportunities  Use of drones for the delivery of cargo in military operations 
Development of urban air mobility services 

Covid-19 Scenario:- 

  • The impact of the pandemic on the drone motor market has been mixed, with both positive and negative effects. The pandemic causing many people to stay at home and order goods online, there has been an increased demand for delivery drones. This has led to a surge in sales for drone manufacturers and suppliers. Drones have been used by public safety organizations to monitor crowds and enforce social distancing measures. This has led to an increase in demand for drones and drone motors for public safety applications. 
  • However, the pandemic has also disrupted global supply chains, which has affected the availability of drone components and equipment. This has led to delays in manufacturing and delivery of drones. 

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The global drone motor market is analyzed across motor type, drone type, power capacity, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. This can help the investors and market players to identify potential opportunities for growth and expansion. This report is also armed with the insights which can also help to develop more effective marketing strategies that are tailored to the needs and preferences of their target customers. 

By motor type, the brushless motor segment held the highest share in 2021, garnering more than three-fourths of the global drone motor market revenue. The brushed type of segment, on the other hand, would showcase the fastest CAGR of 19.6% over the forecast period.  

By drone type, the rotary wing segment contributed to more than half of the global drone motor market share in 2021 and is expected to rule the roost by 2031. The fixed wing segment would display the fastest CAGR of 16.9% throughout the forecast period. The hybrid type of drone is also discussed in the report. 

By power capacity, above 100 W segment accounted for the highest share in 2021, generating nearly three-fifths of the global drone motor market revenue. The 51 to 100 W segment, however, would portray the fastest CAGR of 17.7% during the forecast period. The power capacity with the range of below 50 W is also analyzed throughout the study. 

By application, the military segment garnered the highest share in 2021, accounting for around two-fifths of the global drone motor market revenue. The agriculture segment would cite the fastest CAGR of 18.2% from 2022 to 2031. Drone motor applications like construction, entertainment, and others are also discussed throughout the report. 

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By region, North America held the major share in 2021, garnering more than two-fifths of the global drone motor market revenue. The Asia-Pacific region would showcase the fastest CAGR of 18.5% from 2022 to 2031. The other provinces studied through the report include Europe and LAMEA. 

The key market players analyzed in the global drone motor market report include Constar Micromotor Co., Ltd., Faulhaber Group, Hacker Motor USA, KDE Direct, KO Technologies, Mad Motor Components Co.,Ltd., Neumotors, Nidec Corporation, T-motor, and X-TEAM. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. This report can help to make more informed business decisions and to minimize the risks & maximize the opportunities for growth and success. 

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About Us:  

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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10/17/2024 08:28 -0400

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