Market Overview

Electric Motors for Drones and Electric Vehicles: Global Markets and Technologies Through 2023

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Electric Motors for Drones and Electric Vehicles: Global Markets and Technologies Through 2023

PR Newswire

LONDON, August 13, 2018 /PRNewswire/ -- Report Scope
This report covers the global market for electric motors for drones and electric vehicles, including regional analysis of North America, Latin America, Europe, Asia-Pacific and the Rest of World. Component segments include automotive, consumer, commercial and other markets.

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Report Includes:
- 20 tables
- Detailed overview and a methodological study of the global market for electric motors for drones and electric vehicles within the industry
- Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Characterization and quantification of global market or electric motors for drones and electric vehicles by application, technology, end user, and geographical region
- Critical analysis of the changing regulatory along with recent regulations regarding security for example, places the burden of safety from cyber threats on the requirements for the manufacturer
- Profiles of major market players in the niche industry, including ABB Ltd., Rockwell Automation Inc., Renault, General Motors and BMW AG

Summary
Electric motors are used for many applications across commercial, industrial, government and consumer markets.Best known for appliances, the electric motor industry is finding renewed growth in the advancing markets of drones and electric vehicles.

Both the drone and electric vehicle sector are driven by technology innovation that is increasing their utility. The electric vehicle market is also being driven by regulatory and economic initiatives to reduce usage of carbon-dioxide-producing internal combustion engines.

Of the two sectors, electric vehicles, though still in their early days of mass adoption, outweigh drones due to their commercial value.Their requirements for electric motors are far greater per vehicle than a single drone in most cases.

However, by volume, the drone market is far ahead and growing faster as adoption in military and commercial applications is already well advanced, and the consumer market is opening up, thanks to government regulatory support.

Globally, the combined market is led by North America, which contributed REDACTED in revenue for drone and electric vehicles in 2017.This demand is expected to grow to REDACTED in 2018 and REDACTED in 2023, with a compound annual growth rate (CAGR) of REDACTED.

The region has strong markets for both drones and electric vehicles, with a larger percentage weighing toward drones.

Europe was the next largest market, with REDACTED in revenue for suppliers in 2017. The market will grow to REDACTED in 2018 and REDACTED in 2023 with a CAGR of REDACTED, The European market also includes strong growth in both segments, but electric vehicle are growing much more rapidly than in North America due to regulatory and cultural support for environmental sustainability.

Scope of Report
This report covers the global market for electric motors for drones and electric vehicles, including regional analysis of North America, Latin America, Europe, Asia-Pacific and the Rest of World. Component segments include automotive, consumer, commercial and other markets.

Reasons for Doing This Study
The purpose of the study is to provide market size and forecasts for electric motors for drones and electric vehicles. BCC Research believes that the market is going through renewed growth thanks to the popularity of new applications driven by energy savings and consumer demand.

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