FactMR is a market research and consulting firm that provides in-depth analysis and insights on various industries, including the drone propellers market. According to a recent report by FactMR, the global drone propellers market is expected to grow at a significant rate in the coming years, driven by the increasing adoption of drones in various applications, such as aerial photography, surveying and mapping, inspection and monitoring, and delivery.
The report suggests that the demand for lightweight and high-performance drone propellers is on the rise, as drone manufacturers are increasingly focused on developing efficient and reliable propellers that can enhance the overall performance of drones. Moreover, the increasing popularity of consumer drones for recreational activities and the rising demand for commercial drones in industries such as agriculture, oil and gas, and construction are also expected to boost the growth of the drone propellers market.
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Segmentation of Drone Propellers Industry Research
- By Drone Type :
- Quadcopter
- Hexacopter
- Octocopter
- By Material :
- Carbon-Fiber
- Wood
- Composite
- Others
- By Sales Channel :
- Online Sales
- Direct to customer
- Third Party Online
- Offline Sales
- Modern Trade Channels
- Electronic Stores
- Franchised Store
- Independent Stores
- Others
- Online Sales
- By End-Use Industry :
- Agriculture & Forestry
- Delivery & Logistics
- Media & Entertainment
- Construction & Mining
- Oil & Gas
- Security & Law Enforcement
- Recreational Activity
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia and Oceania
- Middle East & Africa
Key Takeaways from Study
- Global drone propellers market is poised to expand at a CAGR of 17.6% reaching the valuation of US$ 4,388.2 million by the end of 2033.
- On the basis of drone type, the market is projected to dominate by quadcopter sub-segment, which is projected to account for 71.2% of the market share by 2023
- By end use industry segment, delivery & logistics sector is likely to account for 20.2% of revenue share by obtaining a valuation of US$ 175.0 million in 2023.
- East Asia region is expected to register a CAGR of 18.7% over the forecast period, to be valued at US$ 147.1 million by 2023 end
Competitive Landscape
Fact.MR profiled the following top companies in drone propellers market in its report Catto Propellers, Harris Aerial, Hartzell Propeller, HELIX, Holy Stone, MASTER AIRSCREW, McCauley, Mejzlík Propellers s.r.o., Sensenich Propeller Company, Shenzhen GC Electronics Co.,Ltd. , T-motor, Xoar International llc., KDE Direct, Dongying Tianqi Industry Trade Co., Ltd.
Top drone propeller producers are putting a lot of effort into developing products that are innovative in order to address different requirements and concerns related to drone technology.
In the drone propellers market, major players employ a competitive price strategy. To increase business, and revenues, companies are forming alliances and collaborating with end-use sectors and governments.
Market Development
The integration of drones and robot delivery is not as far-fetched as it first seems, and many companies want to do so in the future, creating new growth potential for companies who make drone propellers.
The COVID-19 epidemic, however, had a significant negative impact on the growth of the drone propeller market. Yet, when drones were utilized extensively during the pandemic, propellers and other drone accessories also gained popularity. In the long run, new propeller designs that are stronger, lighter, etc. will be more in demand.