The North America Drone Motor Market would witness market growth of 13.6% CAGR during the forecast period (2022-2028).
The drone motor market is primarily driven by factors like increasing drone demand across a variety of applications, a rising desire for better surveillance solutions, and an increase in defense spending. Furthermore, expanding urban air mobility services and using drones for freight delivery during military operations are expected to open up attractive business opportunities for the top drone motor manufacturers already active in the industry.
Military operations and defense intelligence have shown that drone technology is useful. The drones are primarily focused on gathering crucial information about the opponent's base and locating ideal spots for evacuation during combat. Without involving any armed forces, drones have successfully prompted airstrikes. Citizens are quite concerned about the security of military forces and defense technology. Without putting human lives in danger, drones provide real-time, comprehensive coverage of a nation's base.
Drones are altering aviation, reshaping both new and existing companies, and rapidly increasing the number of commercial and recreational drone pilots accessing Canadian airspace, as in many other countries. Because of UAVs, Canada's commercial sector has the potential to become more efficient and competitive. Canada's drone ecosystem consists of several significant drone industry actors, including nonprofit groups, academic institutions, federal agencies, and a variety of drone firms. This rising demand for drones in the region is anticipated to contribute to the expansion of the regional drone motor market.
The US market dominated the North America Drone Motor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,427.8 Million by 2028. The Canada market is poised to grow at a CAGR of 16.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 15.2% during (2022 - 2028).
Based on Motor Type, the market is segmented into Brushless and Brushed. Based on Drone Type, the market is segmented into Rotary Wing, Fixed Wing and Hybrid. Based on Power Type, the market is segmented into Above 100w, 51 to 100w and Below 50w. Based on Application, the market is segmented into Military, Construction, Entertainment, Agriculture and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Drone Motor Market is Projected to reach USD 5.5 Billion by 2028, at a CAGR of 14.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dr. Fritz Faulhaber GmbH & Co. KG, Nidec Corporation, Constar Micromotor Co., Ltd., Changzhou Fulling Motor Co., Ltd, KDE Direct, LLC, TAMAGAWA SEIKI Co.,Ltd., Jiangxi MAD motor components co., ltd, Neutronics Enterprises, Inc., Tiger Motor International Co., Ltd, and X-TEAM.
By Motor Type
By Drone Type
By Power Type
By Application
By Country
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