Global UAV Propulsion System Market Overview:
The global UAV propulsion system market is estimated to reach USD 8.76 billion in 2030, with a CAGR of over 13.7% during the forecast period from 2022 to 2030, and it was valued at USD 5.87 billion in 2022.
The propulsion system is the heart of the drone. It defines drone survivability, endurance, and other parameters crucial to fUAVsUAV. The propulsion system should also allow a convenient dronto climb to high flight altitudes without power loss. A necessity to meet these requirements and the special needs of specific applications result in numerous technological and scientific challenges. It is used in various environments and even high-altitude areas. The propulsion system also increases flight duration and distance while reducing noise during operation. In addition, fuel cells have the advantages of high reliability, low vibration, and low maintenance.
Global UAV Propulsion System Market Insights
The market’s growth is based on factors such as the technological shift toward incorporating AI into UAVs to attain advanced features such as dynamic target tracking capability and visual surveillance. Further, the introduction of 3D printing in UAV engines to develop higher fuel-efficient engines to overcome attitudinal challenges is anticipated to fuel the demand for UAV propulsion systems across the globe in the coming years. Additionally, the increasing demand for UAVs in mining, security, wildlife, disaster management, and urban development, among others, to gather highly precise data cost-efficiently is positively impacting the demand for the UAV propulsion system.
Moreover, the surge in demand for UAVs across the globe in various industry verticals, including retail, manufacturing, military & security, mining, agriculture, and others, to achieve a high level of mobility at varying altitudes and increase endurance will foster global UAV propulsion system market size in the upcoming periods. Furthermore, the upsurge in the application of UAV propulsion systems in various military applications is expected to drive the sales of the UAV propulsion system in the analysis period. The shift of the UAV propulsion system industry toward digitization and integration of AI with UAV propulsion systems to get more advanced features such as dynamic target tracking capability and visual surveillance will lead to the growth of the market growth. In addition, the rise in demand for UAVs in warfighting and peacekeeping operations is expected to witness remarkable growth in the UAV propulsion system market in the projected periods.
Growth Driver
Growing demand for fuel cell-based UAV propulsion systems
The unmanned driving system powered by a fuel cell has a longer running time than other batteries. It has the advantages of low heat and low noise characteristics of different batteries. The user can lift the internal combustion engine reliably and provide safe, low-maintenance operation.
The fuel cell-based UAV propulsion systems have an excellent energy density, can extend working time and distance, perform BVLOS tasks, significantly reduce manufacturing costs, and reduce lithium battery charging and transportation barriers.
Engine Type Segmental Analysis
The global UAV propulsion system is classified into electric, thermal, and hybrid propulsion systems based on engine type. Electric propulsion systems held the maximum market share in 2021 and will continue to dominant by 2030. It is attributable to the electrical systems’ helpfulness in UAVs’ performance and endurance, the payload capacity, and the flight time of the vehicle, and it provides more flexibility in the installation of machinery as they are compact.
Hybrid propulsion systems will grow at a significant rate during the forecast period. This is owing to hybrid systems increasing efficiency while reducing carbon-based emissions.
UAV Type Segmental Analysis
Based on UAV type, the global UAV Propulsion System is segregated into Micro UAV, Mini UAV, Tactical UAV, MALE UAV, and HALE UAV. The Micro UAV segment accounted for a higher revenue share in 2021 and is projected to dominate the UAV Propulsion System market by 2030. It is primarily attributed to the mini UAV used for short-range reconnaissance and surveillance applications.
Ttacticalcal UAV vehicles will grow with a lucrative growth rate in the forecast period. It is due to tacticaUAVsAV used for combat-proven surveillance aircraft capable of offering long endurance and extended range capabilities.
Range Segmental Analysis
Based on range, the global UAV propulsion system is classified into Long Range, Mid-Range, and Short Range. The range segment will hold higher market potential by 2030. This is owing to the growing demand for long-range UAVs by military forces for surveillance, target acquisition, reconnaissance (ISTAR), military, disaster control and management, security, etc.
Mid-Range held a significant market share in 2021. This is due to the increasing demand for mid-range UAVs for commercial purposes such as agriculture, urban development, traffic management, disaster management, forest & wildlife, healthcare, security, and mining.
End-User Segmental Analysis
By the end-user, the global UAV propulsion system market is categorized into Military & Civil, Commercial, and Consumer. The Military & Civil segment witnessed the highest market share in 2021 and will dominate the UAV propulsion system market by 2030. The segment’s growth can be attributed to using UAVs as an important component of modern warfare to avoid humiliation and the rising defense expenditure of developed and developing countries.
The commercial will grow at a significant rate during the forecast period. This is owing to UAVs used for product delivery, monitoring, surveying, mapping, and remote sensing.
Region Segmental Analysis
The global UAV propulsion system market is segmented by geography into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is slated to account for a significant share by 2030 in the UAV Propulsion System market. The growth in the region can be attributed to the growing demand for UAV propulsion systems in the region’s commercial and military sectors. Additionally, the considerable investments in R&D activities by the USA aimed at the innovation of new technologies in UAVs will spur the North American market.
The Asia Pacific is projected to provide significant growth opportunities due to rising demand for different UAV configurations for excessive military and commercial applications and increasing defense expenditure in countries such as India, China, etc.
Competitor Analysis
Companies such as Ballard Power Systems Inc., LaunchPoint Technologies Inc., Northwest UAV, ORBITAL CORPORATION, Rotron Power Ltd., Safran SA, Hirth Engines GmbH (UMS SKELDAR AG), Honeywell International Inc., Rolls-Royce plc, BRP-Rotax GmbH & Co KG, and MicroMultiCopter Aero Technology Co., Ltd., Sky Power GmbH, UAV Propulsion Tech, and UAV Turbines, Inc., are the key players in the global UAV propulsion system market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global UAV Propulsion System manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to UAV Propulsion System
- Regulatory bodies
- Suppliers
- Retailers
Recent Developments
- December 2022: Orbital Corporation Ltd. and Animal Dynamics signed an agreement to promote collaboration and drive innovation in an advanced propulsion system for Stork-STM UAVs. The dream of the collaboration was to explore initial concepts for heavy fuel engine systems in Animal Dynamics’s heavy lift uncrewed aircraft systems.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Engine Type
- Electric Propulsion Systems
- Thermal Propulsion Systems
- Hybrid Propulsion Systems
By UAV Type
- Micro UAV
- Mini UAV
- Tactical UAV
- MALE UAV
- HALE UAV
By Range
- Long Range
- Mid-Range
- Short Range
By End User
- Military & Civil
- Commercial
- Consumers
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Global UAV Propulsion System Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global UAV Propulsion System Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- Consumption
- By Volume (Thousands Unit)
- Market Share & Forecast, 2016-2027
- By Engine Type
- Electric Propulsion Systems
- Thermal Propulsion Systems
- Hybrid Propulsion Systems
- By UAV Type
- Micro UAV
- Mini UAV
- Tactical UAV
- MALE UAV
- HALE UAV
- By Range
- Long Range
- Mid-Range
- Short Range
- By End-User
- Military & Civil
- Commercial
- Consumers
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- North America UAV Propulsion System Market Overview
- North America UAV Propulsion System Market Size & Forecast, 2016-2027
- Demand
- Consumption
- By Volume (Thousands Unit)
- North America UAV Propulsion System Market Share & Forecast, 2016-2027
- By Engine Type
- Electric Propulsion Systems
- Thermal Propulsion Systems
- Hybrid Propulsion Systems
- By UAV Type
- Micro UAV
- Mini UAV
- Tactical UAV
- MALE UAV
- HALE UAV
- By Range
- Long Range
- Mid-Range
- Short Range
- By End-User
- Military & Civil
- Commercial
- Consumers
- By Country
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America UAV Propulsion System Market
- Europe UAV Propulsion System Market Overview
- Europe UAV Propulsion System Market Size & Forecast, 2016-2027
- Demand
- Consumption
- By Volume (Thousands Unit)
- Europe UAV Propulsion System Market Share & Forecast, 2016-2027
- By Engine Type
- Electric Propulsion Systems
- Thermal Propulsion Systems
- Hybrid Propulsion Systems
- By UAV Type
- Micro UAV
- Mini UAV
- Tactical UAV
- MALE UAV
- HALE UAV
- By Range
- Long Range
- Mid-Range
- Short Range
- By End-User
- Military & Civil
- Commercial
- Consumers
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe UAV Propulsion System Market
- Asia Pacific UAV Propulsion System Market Overview
- Asia Pacific UAV Propulsion System Market Size & Forecast, 2016-2027
- Demand
- Consumption
- By Volume (Thousands Unit)
- Asia Pacific UAV Propulsion System Market Share & Forecast, 2016-2027
- By Engine Type
- Electric Propulsion Systems
- Thermal Propulsion Systems
- Hybrid Propulsion Systems
- By UAV Type
- Micro UAV
- Mini UAV
- Tactical UAV
- MALE UAV
- HALE UAV
- By Range
- Long Range
- Mid-Range
- Short Range
- By End-User
- Military & Civil
- Commercial
- Consumers
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific UAV Propulsion System Market
- South America UAV Propulsion System Market Overview
- South America UAV Propulsion System Market Size & Forecast, 2016-2027
- Demand
- Consumption
- By Volume (Thousands Unit)
- South America UAV Propulsion System Market Share & Forecast, 2016-2027
- By Engine Type
- Electric Propulsion Systems
- Thermal Propulsion Systems
- Hybrid Propulsion Systems
- By UAV Type
- Micro UAV
- Mini UAV
- Tactical UAV
- MALE UAV
- HALE UAV
- By Range
- Long Range
- Mid-Range
- Short Range
- By End-User
- Military & Civil
- Commercial
- Consumers
- By Country
- Brazil
- Argentina
- Rest of South America
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America UAV Propulsion System Market
- Middle East & Africa UAV Propulsion System Market Overview
- Middle East & Africa UAV Propulsion System Market Size & Forecast, 2016-2027
- Demand
- Consumption
- By Volume (Thousands Unit)
- Middle East & Africa UAV Propulsion System Market Share & Forecast, 2016-2027
- By Engine Type
- Electric Propulsion Systems
- Thermal Propulsion Systems
- Hybrid Propulsion Systems
- By UAV Type
- Micro UAV
- Mini UAV
- Tactical UAV
- MALE UAV
- HALE UAV
- By Range
- Long Range
- Mid-Range
- Short Range
- By End-User
- Military & Civil
- Commercial
- Consumers
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa UAV Propulsion System Market
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Ballard Power Systems Inc.
- LaunchPoint Technologies Inc.
- Northwest UAV
- ORIBTAL CORPORATION
- Rotron Power Ltd
- Safran SA
- Hirth Engines GmbH (UMS SKELDAR AG)
- Honeywell International Inc.
- Rolls-Royce plc
- BRP-Rotax GmbH & Co KG,
- MicroMultiCopter Aero Technology Co., Ltd.
- Sky Power GmbH
- UAV Propulsion Tech
- UAV Turbines, Inc
- Other Prominent Players