About UAV Propulsion System-
A UAV propulsion system is a set of components that are used to generate thrust for the propulsion of an unmanned aerial vehicle (UAV) during flight. It consists of an engine or motor, along with a propeller, rotor, or jet, and associated control mechanisms. Propulsion systems vary in technology, fuel source, size, and complexity based on the type of UAV and its intended purpose. With the increasing demand for UAV applications across various sectors such as surveillance, agriculture, logistics, and defense, advancements in propulsion technology, such as electric propulsion, offer opportunities for improved performance, efficiency, and environmental sustainability
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 9.5% |
Manufacturers are entering and competing in the UAV propulsion system market due to the rapid expansion of the UAV industry across various sectors, including agriculture, logistics, surveillance, and defence, which presents a significant market opportunity. As the demand for UAVs continues to rise, propelled by advancements in technology and increasing applications, manufacturers recognize the potential for growth and profitability in providing propulsion systems tailored to these aircraft. Advancements in propulsion technology, such as electric propulsion, hybrid systems, and lightweight materials, have opened up new possibilities for enhancing the performance, efficiency, and reliability of UAVs. This innovation landscape encourages manufacturers to invest in research and development to stay competitive and meet evolving customer demands Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global UAV Propulsion System- market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
RTX (United States), Ballard Power Systems (Canada), Honeywell International Inc. (United States), LaunchPoint Electric Propulsion Solutions, Inc. (United States), UAV Engines LTD. (United Kingdom), ORBITAL CORPORATION (United States), Rotron Power Ltd. (United Kingdom), General Electric (United States), Diamond Aircraft Industries (Austria) and HIRTH ENGINES GMBH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Safran SA (France), Sky Power GmbH (Germany), Schmidt Products, LLC (United States), Unmanned Systems Technology (United Kingdom) and 3W International GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global UAV Propulsion System- market by and Region.
On the basis of geography, the market of UAV Propulsion System- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Propulsion Type, the sub-segment i.e. Conventional Fuel will boost the UAV Propulsion System- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User Industry, the sub-segment i.e. Agriculture will boost the UAV Propulsion System- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by UAV Type, the sub-segment i.e. MALE (Medium-Altitude Long-Endurance) will boost the UAV Propulsion System- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing preference for propulsion systems with reduced emissions and enhanced eco-friendliness
Market Growth Drivers:
Increasing demand for longer range and endurance in propulsion systems and Rising need for propulsion in military and defence sectors
Challenges:
Balancing performance, reliability, and affordability is crucial for UAV propulsion systems
Restraints:
Advanced propulsion systems require complex maintenance procedures or specialized expertise for operation
Opportunities:
Advancements in AI and control systems have enabled self-piloting drones to be used in a wide range of applications
Market Leaders and their expansionary development strategies
In January 2023, Ondas Holdings completed the acquisition of Airobotics, a drone system and platform developer, through a merger acquisition. The integration aims to provide a comprehensive solution for unmanned autonomous vehicles (UAVs) catering to utility industrial markets and divisions specializing in wide-area private LTE and industrial IoT networking.
In February 2023, Alva Industries launched the second generation of the ALTUS X60 propulsion system with new cutting-edge features and improved reliability. The company launched the second generation of the ALTUS X60 to meet evolving market demands for enhanced performance, reliability, and innovation.
The FAA has issued a rule mandating the registration of all drones weighing more than 0.55 lbs before their operation in US airspace. This regulation necessitates that operators furnish details, including the drone's make and model, serial number, and the owner's contact information
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.