Electric Motors for Drones and Electric Vehicles Market
Global Electric Motors for Drones and Electric Vehicles Market report published by Accurize Market Research forecast that the global market is expected to reach $10 billion by 2025; growing at a CAGR of 16.1% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Rapid urbanization, rising population and improving technology across the globe to drive the growth of the market
Rapid urbanization, rising population and improving technology fuels the demand for the global electric motors for drones and electric vehicles market. Furthermore, research and development investment and rising disposable income also boost the growth of the market.
The global electric motors for drones and electric vehicles market has been bifurcated on the basis of technology type, application, and geography. The technology type segment includes electric vehicle motors and electric motors for drones. Further, the application segment includes electric vehicles and drones.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Top players in the market
The key market players include Abb Ltd, Allied Motion Technologies Inc., Bmw, Brammo Inc., Brook Crompton Uk Ltd., Byd Auto, Daimler, Da-Jiang Innovations, Denso, Draganfly Innovations, Emerson Electric Co., Faw Group Corp., General Motors, Johnson Electric Holdings Ltd., Kollmorgen, Maxon Motor Ag, Nidec Corp., Parrot Sa, Regal Beloit Corp., Renault, Rockwell Automation Inc., Saic Motor Co. Ltd., Shandong Huali Electric Motor Group Co. Ltd., Siemens Ag, Teco-Westinghouse Motor Co., Tesla Inc., Toshiba Corp., Volkswagen Group, Xiaomi and Yuneec.among others.