Global Drone Propellers Market Revenue To Record Robust Growth In Coming Years : Fact.MR

The demand for and sales of propellers especially created for use in drones are referred to as the drone propellers market. Drones must have propellers because they give the drone the lift and propulsion it needs to stay aloft. The market is divided into categories based on type (such as fixed-pitch, variable-pitch, and others) and application (such as consumer, business, and other drones). The market is geographically split into areas like North America, Europe, Asia-Pacific, and the rest of the world. Among others, DJI, Yuneec, and Parrot are important market participants.

The rising demand for consumer and commercial drones, developments in drone technology, and the development of the drone racing sector are some of the factors propelling the drone propellers market. Other drone component competition, the high cost of advanced propellers, and regulatory barriers are issues that the market must deal with.

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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
  • 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 Companies Profiled

  • Catto Propellers
  • Harris Aerial
  • Hartzell Propeller
  • Holy Stone
  • 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.

Competitive Landscape

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.

Key Takeaways from Study

  • Global drone propellers market is poised to expand at a CAGR of 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 2% of the market share by 2023
  • By end use industry segment, delivery & logistics sector is likely to account for 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 7% over the forecast period, to be valued at US$ 147.1 million by 2023 end

 Market Development

Drones and robot delivery are not as futuristic as they initially appear, and many businesses anticipate integrating them in the future, opening up new growth opportunities for drone propellers manufacturers.

However, COVID-19 outbreak had a severe impact on the market expansion for drone propellers. But as drones were used extensively in pandemic also the drone accessories including the propellers gained momentum. New designs of propellers that are more durable, light weight, etc. will be more in demand in the long run.

Overall, the drone propellers market is expected to see significant growth in the coming years, with increasing demand for drones driving the market forward. The use of drone propellers is expected to become more widespread as the drone market continues to grow and advances in drone technology lead to increased demand for high-performance propellers.