Global Drone Motor Market Is Projected To Surpass A $7.3 Billion Market Valuation By 2030

Global Drone Motor Industry Outlook in 2022 and Beyond

The Drone Motor industry is looking forward to 2022 with a sense of optimism. In 2020, Drone Motor sales recovered in the last quarter to salvage lost momentum during March-April 2020. And, as vaccine rollout gains momentum, most automakers are hoping for better performance in 2022.

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Key Segments of the Drone Motor Market
Fact.MR's study on the drone motor market offers information divided into four important segments-coverage patterns, source, range, and regional analysis. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

By Drone Type :

Fixed Wing
Multi-Rotor
Single-Rotor
Fixed-Wing Hybrid

By Motor Type :

Brushless DC Motor
Brushless DC Motor
By Power :
< 50W
50W to 200W
> 200W

By Drone Category :

Commercial
Consumer

By Sales Channel :
OEM
Aftermarket

By Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

US Drone Motor Industry Set to Recover in 2022

In 2020, US Drone Motor sales were to the tune of 17.1 million. The outbreak of COVID-19 in early 2020, and subsequent shutdown created apprehensions that 2020 may be the worst year for US auto industry since Great Depression.

However, Drone Motor sales climbed back slowly in US, partly helped by a quick shift to online sales. Many US automakers are now investing highly in online sales channel, with 2021 expected to witness high online sales.

As per early success of vaccine inoculation and consumer receptivity toward online sales, it is highly likely that 2021 will be a better year for sales. Total Drone Motor sales in US are likely to be in the range of 15.5 million to 16 million.

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Drone Motors Market Manufacturers

Drone & drone motors manufactures are capitalizing significantly on their R&D endeavors to bring about a continuous shift in their designs. Furthermore, there are a significant number of small and medium sized drone motor manufacturers in the global drone motor market, with moderate manufacturing costs and complex design.

The prominent market players account for nearly 40-45% of the total market share. Industry players are focusing on acquisitions as their key strategy in order to expand their market presence and better serve the needs of consumers.

Europe Drone Motor Market Players Can Benefit from Foreign Exports

The Europe automobile market is also likely to witness a recovery in 2021. The European Automobile Manufacturers' Association is hoping for a 10% increase in sales.

As is the case in US, European auto industry is hoping that vaccine inoculation brings the pandemic under control. Many countries in Europe have witnessed severe waves of COVID-19 pandemic, and are now in recovery phase.

While the domestic Drone Motor demand is likely to recover at a steady pace in Europe, exports to China, Latin America, and Asia Pacific are likely to induce momentum for European auto companies.

China will Further its Lead as World's Largest Drone Motor Market

The Drone Motor industry in China represents the brightest optimism for any country globally. The pandemic recovery in China is at an advanced stage as compared to western countries. Further, the government in China is focusing on a massive infrastructure push, which is likely to help automakers exporting their wares to China.

China is the only major economy to have grown in 2020, and country's China Association of Automobile Manufacturers is forecasting 26 million sales in 2021. Volkswagen Group and General Motors are likely to maintain their position as the country's largest foreign automakers.

China is the world's largest automobile market, and going by the economic scenario and COVID-19 recovery, the country is likely to remain at numero uno position in the future as well.

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Indian Drone Motor Outlook Subdued by COVID-19 Resurgence

The Indian automobile industry is beset with challenges arising due to a nation-wide second wave of COVID-19 epidemic. Things were looking up for the Indian automobile industry, however, lockdown measure to contain a more virulent COVID-19 can dent overall sales in 2021.

The localized restrictions imposed by governments can have an impact on dealership activity, logistics, and in-showroom consumer visits. Also, it is anticipated that India may have to brace up for further waves of COVID-19, which can dent consumer sentiment.

Key Long-term Trends

Overall, the Drone Motor industry is looking for a recovery year in 2021. While China is anticipated to take the lead, healthy recovery in US and Europe markets will create necessary impetus. Amidst the recovery phase, there will be some mega trends and some subtle trends that will have a bearing on Drone Motor market in the long run. These include,

Further gains in connected and autonomous cars

Connected and autonomous cars may have lost some of their momentum in 2020, but their long-term forecast remains bullish. Automakers are increasingly aware of the white space Silicon Valley giants are eyeing. In the long run, an increase in proprietary software of partnership with tech companies will be in the offing.

Electric vehicle sales will continue unabated

The sales of electric vehicles have grown from strength to strength, dispelling the skepticism and early apprehensions. The focus now is on developing a scalable production model and enough charging stations so consumers are confident of investing in the technology of tomorrow.

For More Insights- https://www.prnewswire.com/news-releases/automotive-headliners-demand-in-premium-cars-set-to-rise-at-above-5-cagr-through-2031-factmrs-new-study-301211717.html

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