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Electric Motors for Drones and Electric Vehicles: Global Markets and Technologies Through 2023LONDON, August 13, 2018 /PRNewswire/ -- Report Scope 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. Download the full report: https://www.reportbuyer.com/product/5483814 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/electric-motors-for-drones-and-electric-vehicles-global-markets-and-technologies-through-2023-300696250.html SOURCE ReportBuyer |