The global demand for drone motor market is anticipated to expand exponentially with a 28.4% CAGR between 2020 and 2030. According to a recent Fact.MR report, the covid-19 pandemic has created a number of growth opportunities, as drone technologies have found roles in tracking and monitoring the spread of the contagion. However, the drone motors market is being held back in the short term by trade and supply chain restrictions arising during the lockdown period.
"The widespread use of drones as only toys or weapons, has limited the scope of market expansion. With growing investments towards commercial transport applications, and favourable changes to regulations drone motor manufacturers can potentially bolster revenues in the long term," says the FACT.MR study.
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Drone Motor Market- Key Takeaways
- Motors for commercial drones will account for major revenue share, supported by rapidly rising e-commerce, real-estate, and agriculture sector applications.
- Fixed wing motors are highly sought after owing to applications in long duration flights, which are required by drones to cover larger areas.
- North America is a major drone motor market, owing to favorable government policies towards the development of drone technologies for civil and military applications.
Drone Motors Market Product Type Insights
The multi-rotor drone segment stayed in the lead in the year 2020, capturing more than 84% of the market share, reaching a market valuation of US$ ~510 Mn. These drones are made of a central body having multiple-rotors which equips the drone motor controller with a higher degree of control over its position. It also ensures greater maneuverability over other drones and can perform vertical takeoffs and landings in any open space which makes them ideal for various applications.
This, in turn, is anticipated to increase the demand for multi-rotor drones, thus supporting the growth of drone motors market. Furthermore, multi-rotor drones have gained acceptance owing to their relatively low prices, ease-of-use and significant payload capacity over other drones. This is foreseen to reinforce demand for drone motors over the forecast period.
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COVID-19 Impact on Drone Motor Market
Drones are finding a wide range of roles during the covid-19 pandemic. Drone technologies are being used for crowd management, remote delivery of medication, disinfecting suspected areas, tracking potential patients, and disseminating critical information on the pandemic to the public. Consequently, the demand for drones and components such as motors has also gone up sharply. On the other hand, trade restrictions and suspension of production activities in many parts of the world will create a gap between demand and supply in the months to come, hurting short term prospects.
Competitive Landscape
FPV Model, Nidec Group, EMAX US Inc., Parrot Drone SAS, Hobbymate, Faulhaber Group, X-Team RC, Align Corp. Ltd., and Sunnysky Motors are some of the more prominent drone motors market players.
Participants in the drone motors market are pushing for strategic acquisitions, industry collaborations and production process improvements aimed towards widening product portfolios and customizing supplies for end users.
For example, Nidec Corp. has acquired CIMA S.p.A. for the development of new drone platform with an emphasis on motors for commercial, industrial and recreational applications. Parrot Drone SAS is collaborating with NEOTech to create drone prototypes for the US Army, including motor components. Linear Labs has introduced its stock of electric drone motors aimed towards small scale academic and recreational applications, including underwater marine uses.
About the Report
This study offers readers a comprehensive market forecast of the drone motors market. Global, regional and country-level analysis of the latest industry trends impacting the drone motors market is covered in this FACT.MR study. The report offers insights on the drone motors market on the basis of drone type (fixed wing, multi-rotor, single rotor, and fixed-wing hybrid), motor type (brushless DC motor, brush-fed motors) power (<50W, 50W to 200 W, and more than 200 W), drone category (commercial and consumer) and sales channel (OEM and aftermarket), across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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