Rapid growth in the semiconductor and electronics industry is one of the major factors expected to have a positive impact on the growth of the drone motor market. In the last couple of years, demand for drone motors has increased rapidly owing to increasing applications of drones. In parallel, technology used in electronics has made impressive progress and is expected to create potential growth opportunities for the Drone Motor Market. With increasing adoption of drones, demand for drone motors with high power functionality has increased. Also, growing demand for integrated inverter switching power supply is also fuelling the growth of the drone motor market.
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Drone motors are the heart of a drone and thus, increasing adoption of drones is expected to have a corresponding effect on the demand for drone motors. Drone motors are expected to exhibit significant growth rate during the forecast period due to increasing adoption of drone motors across the commercial sector, besides military and defense industry verticals.
Drone Motor Market: Drivers and Challenges
Growing awareness and adoption of drones across various industry verticals is the one of the major factors fuelling the growth of the drone motor market. Moreover, the increasing adoption of drones is expected to be the primary driving factor for the growth of global drone motor market. The declining prices of drones is a major factor assisting the growth of the drone motor market, in terms of value. Moreover, rising penetration of drones in various commercial and military applications is another major factor projected to drive the growth of the drone motor market. Furthermore, increasing demand for electronically commutated motors is also driving the growth of the drone motor market.
The biggest trend in the drone motor market is growing demand for drones which are suitable for rugged environments, are water-resistant and exhibit moisture-resistant properties.
However, the high cost associated with drone motors might hamper their adoption.
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Drone Motor Market: Competition Landscape
Some of the major players in the global Drone Motor market are KDE Direct, DJI Drones, Uvify drones, Parrot SA, YUNEEC, Autel Robotics, FreeFly Systems, Ryze Tech, PowerVision and Walkera Technology.
Drone Motor Market: Regional Overview
On the basis of geography, the drone motor market can be segmented across North America, Latin America, Europe, CIS & Russia, Japan, APEJ (Asia Pacific excluding Japan), and Middle East & Africa. Among these regions, the Asia Pacific (including Japan and China) drone motor market is expected to dominate the global drone motor market during the forecast period owing to the strong demand for semiconductor products and components in the region. North America drone motor market and Europe drone motor market are expected to follow Asia Pacific drone motor market in the global drone motor market, in terms of revenue, owing to the high adoption of drone motors in various countries. The China drone motor market is expected to exhibit highest growth rate during the forecast period owing to the strong presence of various large and small manufacturers of drone motor manufacturers in the country. Besides this, Latin America drone motor market and MEA drone motor market are also expected to witness considerable growth rate during the forecast period owing to increasing demand for drones for commercial applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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