Market Forecast By Type (AC Motor, DC Motor), By Output Power (Fractional Horsepower, Integral Horsepower), By Industry Vertical (Automotive Military, Military, Others) And Competitive Landscape
| Product Code: ETC431375 | Publication Date: Jun 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Saudi Arabia`s import momentum for electric motors for drones and electric vehicles showed a growth rate of 4.84% compared to the previous year. The compound annual growth rate (CAGR) for 2020-2024 stood at 12.91%. This upward trend can be attributed to the increasing demand for electric vehicles and drones in the Saudi market, driven by a shift towards sustainable transportation solutions and technological advancements in the drone industry.