Drone Motor Market Share, Size, Growth and Forecast Report, 2022 to 2030

Drone Motor Market Size and Share:

According to Reports and Insights analysis, the global drone motor market is estimated to be US$ 1,823.3 Mn in 2022. Furthermore, the drone motor market to register a CAGR of 16.8% during the forecast period.

Drone Motor Market Report Outlook:

This report provides information about the market drivers, challenges to the market, future of this market, opportunities for the players, market size and share, regional outlook, segmentation outlook, and the key players in drone motor market.

Drone Motor Market Introduction:

Whilst we inhabit in the ‘new normal’, the technology surrounding us is quickly revolutionizing the world surpassing our anticipation. While technological progresses have been constantly unfolding from a long time now, COVID-19 further expedited the process. The epidemic driven people as well as businesses to take up novel approaches to carry out tasks and redirected their manners. The pandemic intensified the adoption of contact-free technologies, which are, in present times, dramatically transforming each aspect of people’s lives, from food deliveries and payments to medical care.

The unmanned aerial vehicles (UAVs) or commercial drones are smart machines that can autonomously fly along with their embedded systems that utilizes software development, remote sensing, GPS and much more. Such innovative approaches assure a remarkable future for massive use of drones in offering services particularly in areas that are distant or cannot have humans serving in person. Attributing to which, the drone motor market is projected to witness signficant growth along with the thriving drone market worldwide.

Drone Motor Market Dynamics:

Market dynamics will include market drivers, challenges, and opportunities:

Market Drivers

Drones had been in the nascent stage up until now, however, the COVID-19 pandemic is primarily responsible for boosting the idea of contactless health care facilities, surveillance, food delivery and much more which majorly accelerated the demand of drones all around the world ultimately driving the drone motor market. Moreover, the greater work productivity and efficiency, lessened production costs, enhanced accuracy, better service, improved security and customer relations are other few significant benefits that drones are providing to numerous industries globally. Owing to which, the drone motor market is estimated to rise substantially over the forecast period.

Alongside, drones have become an important element in several leading industries around the globe. The defense forces are swiftly adopting drones to carry out real-time surveillance in order to determine ballistic missile threats and other critical operations. Agriculture sector is utilizing droned to carry out tasks like surveying hard-to-reach places, fertilizing crop fields on an automated manner, monitoring traffic incidents among other tasks. Furthermore, drone delivery of medical goods and time-sensitive transplant organs is further making drones an integral part of healthcare industry. Such factors are also propelling the growth of the global drone motor market.

Such thriving demand of drones around the world is also pushing global drone motor manufacturers to develop various types of motor with different weights and sizes in order to fulfil every kind of requirement. The rapid progresses in the development of drone motors is also estimated to thrust the drone motor market growth in the forthcoming years.

Market Challenges

The price factor is a significant challenge the drone motor market can possibly witness in the coming years. The price barrier makes drones and drone motors an unsuitable and unaffordable technologies among various applications worldwide. Several advanced drone motors consist of a more sophisticated set of electromagnets, which means more conductive coil material, which is generally one of the most expensive elements of a motor. Such factors further drive their prices even higher which may pose as a tricky challenge in the future growth of drone motor market.

Market Opportunities

Several other industries are fascinated with the swift adoption of drones and considering novel ways in which drones can be used for several other commercial applications. For instance, the construction industry is seeking drone technology to scan construction sites and follow activities throughout the construction lifecycle.

Moreover, numerous several corporate houses and industrial conglomerates are utilizing drones equipped with thermal imaging cameras in event of emergency response to detect and make contact with casualties who are not visible to the human eye. Such growing drone applications is precisely anticipated to push drone motor manufacturers to upgrade operational efficiency, ultimately witnessing major breakthroughs in the growth of global drone motor market in the following years.

Drone Motor Market Regional Outlook:

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa make up the major geographic segments of the drone motor market.

The drone market is witnessing a lucrative growth in Asia Pacific since there is an increased growth in the array of civil applications. The UAVs and drones have been levered by various industry sectors, such as Mining, Media, Agriculture, Railways, Construction, Power and Utilities, Highways and Delivery. In addition to that, notably, 70% of drone market share is acquired by military activities, and China has one of the high spending countries on military operations and defense forces.

North America is also contributing extensively in the growth of drone market and consequently drone motor market. There is an increased commercial usage of drones across several industries in US along with growing adoption of UAV technology in military operations, which is further estimated to propel the growth of the global drone motor market over the following years.

Drone Motor Market Key players:

Key players often use acquisitions as well as product portfolio expansion as their growth strategies in the global market. The world's leading manufacturers of drone motor market are; LG Electronics, ALIGN Corp.,Ltd, Constar Micromotor Co., Ltd, EMAX MODEL Store, FAULHABER MICROMOLLC., Hacker Motor USA, Hobbymate Hobby, KDE Direct, KO Technologies, MAD Components, NeuMotors, Nidec Corporation, RLRC motors, SunnySky USA, TitanFlying Technology Co., Ltd, T-motor, X-TeamRC amongst other.

Drone Motor Market Segmentation Outlook:

The global market for drone motor is divided into segments based on motor type, power capacity, velocity constant, sales channel, drone type, drone category and region.

By Motor Type

DC

Brushed DC Motor

Brushless DC Motor

AC

Synchronous Motor

Induction Motor

Servo Motor

By Power Capacity

< 50W

50W to 100W

100 to 200W

> 200W

By Velocity Constant

Below 1,000

1,000-2,000

2,000-3,000

Above 3,000

By Sales Channel

OEM

Aftermarket

Online Sales

Company Website

E-commerce Website

Electronics Stores

Others

By Drone Type

Fixed Wing

Rotary Wing

Hybrid

By Drone Category

Consumer / Civil

Commercial

Military

By Region

North America

Asia Pacific

Europe

Latin America

Middle East

Africa