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

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	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

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The electric motors market for drones and electric vehicles in Saudi Arabia is expected to witness substantial growth over the forecast period due to increasing investments in smart city projects, rising demand for green energy solutions, and growing adoption of electric vehicles. In recent years, the Kingdom has been investing heavily in its infrastructure sector with a focus on smart city initiatives such as Al-Madina Metro Project, Riyadh Metro Project, Makkah Metro Line 4 & 5, etc., which are likely to create huge opportunities for automotive component suppliers such as motor manufacturers. Moreover, the government is also focusing on reducing air pollution levels by encouraging people to switch from conventional fuel-powered cars to electric ones through incentives and subsidies. This will further drive demand for high-efficiency and lightweight motors that can be used in drones or electric vehicles. Additionally, various industrial sectors are embracing automation technologies such as robotics which require efficient motors for their operation and thus contribute towards market growth.