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Favourable Government Regulations for Use of Drones Would Be the Big Push to the Drone Motors Market Siemens Servo Motor
ROCKVILLE, Md. , Nov. 4, 2022 /PRNewswire/ -- According to Fact.MR, a market research and competitive intelligence provider, the global drone motor market is estimated at US$ 1,684.8 million in 2022 and is expected to expand at an impressive CAGR of 19.2% during the forecast years of 2022-2032.
Increasing protectionism by governments and the abuse of national security, leading to a threat to established trade rules that enables drastic increases in global growth for over last seven decades can no longer certain.
Drone motors comprise a wide range and are used in a range of end uses such as delivery, logistics, construction, oil & gas etc. This necessitates stringent standards according to end use. Current government regulations lean to one of two extremes: "toughen up drone regulations" or "remove all restrictions".
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https://www.factmr.com/connectus/sample?flag=S&rep_id=1888 Drones are highly regulated and required to meet stringent standards of operation, including certification and statutory periodic renewals. Industry-suitable standards from governments such as the USA , Germany , India and China will not only help the drone motor industry to grow but also aid government and private research institutes, and businesses spending for R&D in drone industry. This will help catalyse the demand for drone motors in the forecast period.
Key Takeaways from Market Study
The global drone motor market is fragmented in nature. There exist big players in the market with financial muscle and distribution network spread across the globe. Companies are focused on improving the regional presence with extensive availability of low priced products. Generally, target lower end application and lower capacity products.
Tier 2 companies play a very important role in determining the growth of any sector. The market is fragmented in the Asia Pacific region.
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Segmentation of Drone Motor Industry Research
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Major players in the market have moderate scope for differentiation but they have put efforts into the innovation of these products. Technological development in drone motor has shown promising outcome and it continues to do so while the product reliability, durability and safety is exclusively enhanced.
The current phase of the global drone motor industry is characterized by emphasis on improving operational efficiency, accessibility, customization according to the customer and thereby, lowering costs and in turn improving overall profitability. The trend for high efficiency drone motors has made it possible to garner potential growth rate and is expected to show similar trajectory over the next decade.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global drone motor market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of motor type (DC (brushed DC motor, brushless DC motor), AC (synchronous motor, induction motor, and servo motor),power capacity (< 50w, 50w to 100w, 100 to 200w, > 200w), velocity constant(below 1,000, 1,000-2,000, 2,000-3,000, above 3,000), sales channel(OEM, aftermarket(online sales(company website, e-commerce website), electronics stores), and others), drone type (fixed wing, rotary wing, hybrid), drone category (consumer / civil, commercial, military) and across six major regions of the world (North America , Latin America , Europe , East Asia , South Asia& Oceania, and the Middle East & Africa ).
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Drone Accessories Market: The global drone accessories market is currently valued at US$ 17.5 billion and is set to top US$ 115 billion by 2032, expanding at an astonishing CAGR of around 20.7% from 2022 to 2032.
Drone Market: The global drones market is anticipated to reach US$ 30 Billion by the end of 2022, anticipated to experience an impressive 25% CAGR from 2022-2032 to reach US$ 279 Billion by the end of the aforementioned forecast period.
Electric Trolling Motors Market - The global electric trolling motor market is set to enjoy a valuation of US$ 561.2 million in 2022 and further expand at a CAGR of 3.8% to reach US$ 818.6 million by the end of 2032. Most preferred bow mount trolling motor is likely to hold more than 60% of the market share by the end of 2022.
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