The report "Global UAV Propulsion System Market, By Type (Conventional, Hybrid, and Full-Electric), By Range (Long Range, Medium Range, and Short Range), By Application (Civil and Commercial, and Military), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.
Key Highlights:
- In October 2020, epropelled received grant from UK to develop motor for electric vehicles.
- In September 2019, HYCOPTER Drones began safety inspection of hydropower dams in Brazil.
Analyst View:
Development of new-generation UAV engines
The main driving factor of the UAV propulsion system is their capability to fight effectively in urban areas against widely dispersed forces, while minimizing collateral damage and achieving information superiority. The increasing demand in warfighting and peacekeeping operations has played a greater role in critical missions and UAV-related research and development. The studied technology is trying to make best model in consideration with aerodynamic design and amount of fuel used. Many varieties of Piston-engines and electric motors are designed recently to fulfill the high energy requirements. Lightweight and fuel-efficient engines allow usage of expensive payload for a particular mission without significantly affecting the size and cost of the UAV. The UAV propulsion system is impressive for qualities like quiet operation, easy and safe to handle, storage safety, precise power management and control. Moreover, with advantages offered by this system over manned aircrafts, gives rise to the UAV propulsion systems market to gain an opportunity to enlarge further. The major types of engines use in global system include turbo-fan engines, turbo-prop engines, piston engines, wankel engines, electrically propelled engines, solar power propelled propulsion systems, and hybrid engines. Besides that, the increased usage in the commercial applications such as agriculture, photography, product delivery, and oil and gas has fuels the market.
Growing air vehicle industry
An impending need of UAVs for surveillance and attack purposes and a demand for spare parts, among others are some of the major reasons driving UAV propulsion systems market. Moreover, with advantages offered by UAVs over manned aircrafts, this gives rise for the UAV propulsion systems market to gain an opportunity to grow further. UAVs are mounted with different types of engines in accordance to the required power to perform different operations.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global UAV Propulsion System Market”, By Type (Conventional, Hybrid, And Full-Electric), By Range (Long Range, Medium Range, and Short Range), By Application (Civil and Commercial, and Military), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029.
Key Market Insights from the report:
The global UAV propulsion system market is anticipated to register a CAGR of 14.4% during the forecasted period. The market report has been segmented on the basis of type, range, application, and region.
- Depending upon type, the full electric segment is projected to grow at highest CAGR over the forecast period. The demand for electric propulsion systems is increasing rapidly due to its various advantages such as less noise generation, less maintenance requirement, and low cost.
- Depending upon the range, the long range segment is projected to register highest share of the market in 2019.
- Depending upon application, the target market is explored into civil and commercial, and military. Many organizations and manufacturers are putting efforts in innovative technologies, as hydrogen fuel cells have emerged as alternative fuel to Li-ion batteries in smaller drones, and their efficiency in terms of weight/power ratios are increasing rapidly.
- By region, U.S region contributes to the largest share in the global UAV propulsion system market due to largest military spender and is trying to forward its military missions, which will generate demand for propulsion systems.
To know the upcoming trends and insights prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Global-UAV-Propulsion-System-Market-4487
Competitive Landscape:
The prominent player operating in the global UAV propulsion system market are Hirth Engines GmbH, Honeywell International Inc., Rolls-Royce PLC, BRP-Rotax GmbH & Co KG, Ballard Power Systems Inc., and MicroMultiCopter Aero Technology Co. Ltd.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
