Rockville, MD, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence firm, in its updated industry report, estimates the global Drone Motor Market at a value of US$ 2.37 billion in 2024. Worldwide sales of drone motors are analyzed to increase at a CAGR of 19.2% from 2024 to 2034.
Unmanned aerial vehicles (UAVs) are increasingly utilized across diverse sectors, driving a surge in demand for drone motors in recent years. Technological advancements, regulatory shifts, and growing recognition of their efficiency and versatility are key factors propelling this demand.
High-performance drone motors are rapidly being integrated into commercial and industrial operations for applications like delivery services, precision agriculture, aerial photography, surveying, and infrastructure inspection. Drones' ability to access remote areas and collect extensive data has revolutionized various industries, underscoring the critical need for reliable and efficient drone motors.
Rapid increase in leisure and hobby drone use has further bolstered drone motor sales. Enthusiasts are drawn to the accessibility and affordability of drones, eager to explore new perspectives. Manufacturers are heavily investing in research and development to enhance performance, efficiency, and durability, meeting the escalating demand for drone motors. Innovations in technology, design, and materials are projected to propel the drone motor industry to new heights in the foreseeable future, enabling diverse and innovative applications.
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Key Takeaways from the Drone Motor Market Study:
- The global drone motor market is forecasted to reach a size of US$ 13.71 billion by the end of 2034.
- The East Asia market is calculated to expand at a CAGR of 19.3% from 2024 to 2034.
- North America is analyzed to hold a market share of 31.3% by the end of 2034.
- By the end of 2034, the Mexico market is forecasted to reach a valuation of US$ 261.9 million.
- Japan is evaluated to hold 26.7% in the East Asia market share by the end of 2034.
- Based on motor type, sales of AC motors are estimated to reach US$ 746 million in 2024.
“Integration of high-performance drone motors in sectors such as delivery services, precision agriculture, aerial photography, surveying, and infrastructure inspection is driving market expansion,” says a Fact.MR analyst.
Leading Players Driving Innovation in the Drone Motor Market:
Key industry participants like ALIGN Corp. Ltd.; Constar Micromotor Co., Ltd.; EMAX MODEL Store; Faulhaber Micromo, LLC; 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.
Drone Motors Improving with Sensor Technology and Advanced Control Systems
Creation of brushless direct current (BLDC) motors represents a leap in efficiency, lifespan, and heat dissipation compared to traditional brushed motors. These motors incorporate advanced materials such as rare-earth magnets and high-strength composites to enhance performance and power-to-weight ratios.
Another emerging trend is the integration of sensor technology and advanced control systems into drone motors. These innovations enable real-time monitoring of motor performance, enhancing flight stability, optimizing thrust output, and improving energy efficiency. Additionally, they facilitate advanced drone functionalities like autonomous flying modes and obstacle avoidance, expanding their operational capabilities.
Drone Motor Industry News:
Angel Aerial Systems debuted its novel triple airframe at Xponential on May 28, 2024.
Electric motor company Rotor Lab announced in February 2024 that it would support companies selected for the Advanced Strategic Capabilities Accelerator's (ASCA) first innovation competition.
China declared on November 6, 2023, that it was developing a drone jet engine at a comparatively lower cost. This is anticipated to set a precedent that may alter how drone warfare is carried out globally and open the door to the production of sophisticated, affordable drones.
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More Valuable Insights:
Fact.MR, in its new offering, presents an unbiased analysis of the global drone motor market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights on the market based on purity (low (<50%), medium (50 to 95%), high (>95%)), application (food & beverages, cosmetics, pharmaceuticals, dietary supplements, others), and distribution channel (online, supermarkets/hypermarkets, health & wellness stores, others), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
Key Segments of Drone Motor Market Research
- By Motor Type :
- DC
- Brushed DC Motors
- Brushless DC Motors
- AC
- Synchronous Motors
- Induction Motors
- Servo Motors
- DC
- By Power Capacity :
- <50 W
- 50 W to 100 W
- 100 W to 200 W
- >200 W
- By Velocity Constant :
- Below 1,000
- 1,000 to 2,000
- 2,000 to 3,000
- Above 3,000
- By Sales Channel :
- OEMs
- Aftermarket
- Online Sales
- Company Websites
- e-Commerce Websites
- Electronic Stores
- Online Sales
- Others
- By Drone Type :
- Fixed Wing
- Rotary Wing
- Hybrid
- By Drone Category :
- Consumer/Civil
- Commercial
- Military
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