India Electric Motors for Drones and Electric Vehicle Market (2022-2028) | Size, Industry, Outlook, Share, Growth, Revenue, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

India Electric Motors For Drones And Electric Vehicle Market Synopsis

As of now, the India electric motors market has been booming due to the increasing demand for electric vehicles. The growth is attributed to the increasing awareness about the benefits of electric vehicles, rise in demand for drones, and increasing government funding for electric vehicle projects.

Rise in awareness about the environmental benefits of using electric vehicles: A heightened consciousness around climate change and its effects has led to an increase in interest in alternative fuel sources such as electric vehicles. This increased interest has driven down the cost of batteries, making them more affordable than traditional gasoline or diesel engines.

According to 6Wresearch, the India Electric Motors for Drones And Electric Vehicle Market size is expected to grow during 2022-2028. The main factors driving the growth of the electric vehicle market in India are stringent emission norms, increasing awareness about environmental issues, and increasing investments in R&D for new technologies such as lithium-ion batteries. The government is also significantly investing in infrastructure, comprising eco-friendly roads and charging stations. This is expected to drive adoption rates for electric vehicles across various segments in India.

COVID-19 impact on India Electric Motors For Drones And Electric Vehicle Market

The outbreak of the coronavirus pandemic affected the India Electric Motors For Drones And Electric Vehicle Industry significantly. The imposed lockdown owing to the sudden outbreak of the deadly virus led to decrease in sales of electric vehicles. Key players operating in the market affected by the pandemic since the pandemic halted their operation in the market. Most of these key players shut down the production of the electric vehicle and these players shifted their focus on manufacturing the personal protection equipment for the consumer industries. The COVID-19 pandemic highly affected the Electric Motors For Drones And Electric Vehicle Market in India. 

Market Analysis by Type

Based on type, the India Electric Motors For Drones And Electric Vehicle Market can be divided into AC Motor and DC Motor. These two segments have been dominating the market and will continue to do it. 

Market Analysis by Output Power

Based on output power, the India Electric Motors For Drones And Electric Vehicle Industry can be divided into Fractional Horsepower and Integral Horsepower. These two segments have been operating successfully in the market. 

Market Analysis by Industry Vertical

Based on industry vertical, Electric Motors For Drones And Electric Vehicle Market in India can be segmented into Automotive Military, Military and Others. These segments have been operating in the market. 

Competitive landscape

The competition level in Electric Motors For Drones And Electric Vehicle Market is higher which is a huge part of the Asia-pacific Electric Motors For Drones And Electric Vehicle Industry.  The key players in the industry include Tesla Inc., Mahindra & Mahindra Ltd., Renault SA, ABB Ltd., Mitsubishi Motors Corporation, Ford Motor Company Limited, General Motors Company LLC., and Toyota Motor Corporation.

Drivers of the India Electric Motors For Drones And Electric Vehicle Industry

• Drivers- The rising demand for electric vehicles is attributed to the increasing awareness about the environmental benefits of using electric vehicles and the decreasing cost of battery technology. The expanded adoption of electric vehicles is expected to reduce emissions and aid mitigate climate change.

The major drivers for the widespread adoption of electric vehicles include:

• Rise in awareness about the environmental benefits of using electric vehicles: A heightened consciousness around climate change and its effects has led to an increase in interest in alternative fuel sources such as electric vehicles. This increased interest has driven down the cost of batteries, making them more affordable than traditional gasoline or diesel engines.
• Reduction in CO2 emissions: Electric vehicles do not produce emissions, it makes them a more environmentally friendly option than conventional gasoline or diesel cars. In addition, electric vehicles can be recharged from renewable energy sources such as solar and wind power, further reducing their environmental impact.
• Rising prices of fuel: The price of fuel has been steadily increasing over the past few years, leading to an increased demand for electric vehicles. As fuel costs continue to rise, more people are likely to switch to electric cars in order to save money on their expenses.

Restraints

Various restraints are hampering the growth of the Electric Motor Market in India. The lack of awareness among consumers about the advantages of using electric motors is one such challenge for the market. Another constraint is the high cost of batteries and other components required for conversion to electric power. Additionally, there are challenges associated with distribution and transmission infrastructure, which need to be overcome before large-scale adoption of electric motors can take place.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Electric Motors for Drones and Electric Vehicle Market Outlook
• Market Size of India Electric Motors for Drones and Electric Vehicle Market, 2021
• Forecast of India Electric Motors for Drones and Electric Vehicle Market, 2028
• Historical Data and Forecast of India Electric Motors for Drones and Electric Vehicle Revenues & Volume for the Period 2018 - 2028
• India Electric Motors for Drones and Electric Vehicle Market Trend Evolution
• India Electric Motors for Drones and Electric Vehicle Market Drivers and Challenges
• India Electric Motors for Drones and Electric Vehicle Price Trends
• India Electric Motors for Drones and Electric Vehicle Porter's Five Forces
• India Electric Motors for Drones and Electric Vehicle Industry Life Cycle
• Historical Data and Forecast of India Electric Motors for Drones and Electric Vehicle Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of India Electric Motors for Drones and Electric Vehicle Market Revenues & Volume By AC Motor for the Period 2018 - 2028
• Historical Data and Forecast of India Electric Motors for Drones and Electric Vehicle Market Revenues & Volume By DC Motor for the Period 2018 - 2028
• Historical Data and Forecast of India Electric Motors for Drones and Electric Vehicle Market Revenues & Volume By Output Power for the Period 2018 - 2028
• Historical Data and Forecast of India Electric Motors for Drones and Electric Vehicle Market Revenues & Volume By Fractional Horsepower for the Period 2018 - 2028
• Historical Data and Forecast of India Electric Motors for Drones and Electric Vehicle Market Revenues & Volume By Integral Horsepower for the Period 2018 - 2028
• Historical Data and Forecast of India Electric Motors for Drones and Electric Vehicle Market Revenues & Volume By Industry Vertical for the Period 2018 - 2028
• Historical Data and Forecast of India Electric Motors for Drones and Electric Vehicle Market Revenues & Volume By Automotive Military for the Period 2018 - 2028
• Historical Data and Forecast of India Electric Motors for Drones and Electric Vehicle Market Revenues & Volume By Military for the Period 2018 - 2028
• Historical Data and Forecast of India Electric Motors for Drones and Electric Vehicle Market Revenues & Volume By Others for the Period 2018 - 2028
• India Electric Motors for Drones and Electric Vehicle Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Output Power
• Market Opportunity Assessment By Industry Vertical
• India Electric Motors for Drones and Electric Vehicle Top Companies Market Share
• India Electric Motors for Drones and Electric Vehicle Competitive Benchmarking By Technical and Operational Parameters
• India Electric Motors for Drones and Electric Vehicle Company Profiles
• India Electric Motors for Drones and Electric Vehicle Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• AC Motor
• DC Motor 

By Output Power

• Fractional Horsepower
• Integral Horsepower 

By Industry Vertical

• Automotive Military
• Military and Others