Global Gas Engines For Drones And Electric Vehicles Market report published by Accurize Market Research forecast that the global market is expected to reach $3.3 billion by 2025; growing at a CAGR of 5.9% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Rapid urbanization, rising population and improving technology across the globe to drive the growth of the market

Rapid urbanization, rising population and improving technologyfuelsthe demand for the global gas engines for drones and electric vehicles market.Furthermore,research and development investment and rising disposable incomealso boosts the growth of the market.

Market Segmentation

The global gas engines for drones and electric vehiclesmarket has been bifurcated on the basis of technologytype, applicationand geography.Technology type segment includesgas engines for electric vehicles, electric motors for hybrid electric vehicles and gas engine for drones. Further, application segment includes electric vehicles, hybrid power sources and drones. By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).

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Top players in the market

The key market players include Baic Group, Bmw, Byd Auto, Chang’an Automobile Group Co. Ltd., Daimler, Denso, Dongfeng Motor Corp., Faw Group, Fiat Chrysler Automobiles, Ford Motor Company, General Motors, Guangzhou Walkera Technology Co. Ltd. and Honda Motor Company Ltd., among others.