The global 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 favorable 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,…