LAMEA Drone Motor Market

LAMEA Drone Motor Market Size, Share & Industry Trends Analysis Report By Motor Type (Brushless and Brushed), By Drone Type, By Power Type (Above 100w, 51 to 100w and Below 50w), By Application, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-14379 Publication Date: March-2023 Number of Pages: 80
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Market Report Description

The Latin America, Middle East and Africa Drone Motor Market would witness market growth of 17.7% CAGR during the forecast period (2022-2028).

The growing usage of renewable energy sources affects the drone motor market. The demand for motors powered by renewable energy sources is anticipated to increase with the increased emphasis on sustainability and the environment. As a cost- and environmentally-conscious substitute for conventional motors, solar-powered motors are growing in popularity. A result of the growing use of drones in various fields and applications is a demand for longer flight periods and better drone performance.

Drones must be able to fly for longer periods of time and perform much better to satisfy the expectations of these industries, given the expanding use of drones in surveillance, delivery, and agriculture. Drone motors with enhanced performance and low energy consumption have resulted from this. Longer flight lengths and better performance are now more in demand due to manufacturers' ability to produce lighter, more maneuverable drones. Longer flight lengths and better drone performance will likely become more popular as the drone business expands, and drone motor demand is also predicted to increase.

The UAE was able to develop commercial drone systems that later contributed to the development of its military drone fleet. The UAE has prioritized drone technology and started several non-military projects to promote its growth. In addition, Saudi Arabia has the largest and most advanced air force in the Arab world, with hundreds of contemporary fast planes like the Eurofighter Typhoon and the F-15S/SA Eagle. So, the purchase of armed drones appears to have been primarily motivated by pride and is related to the Saudi leadership's Vision 2030 national development plans, which aim to establish a domestic defense industry as part of a larger economic transformation. These factors will increase demand for drone motors in the LAMEA region over the next years.

The Brazil market dominated the LAMEA Drone Motor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $106.2 Million by 2028. The Argentina market is exhibiting a CAGR of 18.4% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 17.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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.

Scope of the Study

Market Segments Covered in the Report:

By Motor Type

  • Brushless
  • Brushed

By Drone Type

  • Rotary Wing
  • Fixed Wing
  • Hybrid

By Power Type

  • Above 100w
  • 51 to 100w
  • Below 50w

By Application

  • Military
  • Construction
  • Entertainment
  • Agriculture
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Dr.Fritz Faulhaber GmbH & Co. KG
  • Nidec Corporation
  • Constar Micromotor Co., Ltd.
  • Changzhou Fulling Motor Co., Ltd
  • KDE Direct, LLC
  • Jiangxi MAD motor components co., ltd
  • Neutronics Enterprises, Inc.
  • Tiger Motor International Co., Ltd
  • X-TEAM
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