Drone Motor Market to Record astounding CAGR of 28.4% and Increase in Revenue by 2030 – FLA News
The global drone motor market was valued at US$ ~738 Mn in the year 2019 and is anticipated to surpass US$ ~7.3 Bn during the forecast period (2020-2030). Multi-rotor drones are projected to be the most lucrative, capturing more than three fourth of the overall demand pie in the global drone motors market. Various retail and logistics companies across the globe are formulating different ways of testing drone delivery services and drone delivery systems to solve the problem of “last mile” deliveries.
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Presently, drones and robot deliveries are not as far-fetched as they seem and many companies are expected to eventually integrate these in the future, unlocking growth avenues for drone motor manufactures. However, the recent COVID-19 pandemic has negatively affected the growth of the drone motors market. Demand for drone motors is expected to witness…