Global Drone Propellers Market To Witness Significant Revenue Growth On Back Of Augmenting Demand : Fact.MR

The demand for and sales of propellers particularly intended for use in drones are referred to as the drone propellers market. Propellers are an essential component of drones, providing the lift and propulsion required to keep the drone aloft. The market is divided into two sections: type (fixed-pitch, variable-pitch, and others), and application (consumer drones, commercial drones, and others). The market is segmented into geographical areas such as North America, Europe, Asia-Pacific, and the rest of the globe. Among the market’s key companies are DJI, Yuneec, and Parrot.

The rising demand for consumer and commercial drones, developments in drone technology, and the rise of the drone racing sector are all factors driving the growth of the drone propellers market. The market faces challenges such as competition from other drone components, the high cost of sophisticated propellers, and regulatory obstacles.

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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

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.

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.

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