According to Cognitive Market Research, the global Electric Motors for Drones market size was USD 5125.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2050.20 million in 2024 and will rise at the compound annual growth rate (CAGR) of 10.4% from the year 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1537.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1178.87 million in 2024 and will rise at the compound annual growth rate (CAGR) of 14.2% from the year 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 256.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.6% from the year 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 102.51 million in 2024 and will rise at the compound annual growth rate (CAGR) of 11.9% from the year 2024 to 2031.
The commercial category is the fastest growing segment of the Electric Motors for Drones industry
