Growth Opportunities in the Global UAV Propulsion System Market 2023-2028: Trends, Forecast and Competitive Analysis

According to a market report by Lucintel, the future of the UAV propulsion system market looks promising with opportunities in the military and civil, commercial, and consumer market. The global UAV propulsion system market is expected to grow with a CAGR of 12% to 14% from 2023 to 2028. The major drivers for this market are increasing use of UAV system by defense forces in border monitoring, digitization and integration of AI with UAV propulsion systems, and expanding opportunities in consumer and commercial applications.

In this market, electric, thermal, and hybrid are the major segments by propulsion type. Lucintel forecasts that electric propulsion system will remain the largest segment over the forecast period due to the various benefits such as, lower carbon emission, less maintenance cost, less noise generation, and low cost.

Within this market, military and civil is expected to remain the largest segment due to the increasing usage of UAV system for (ISR) intelligence, surveillance, and reconnaissance missions by military forces.

North America will remain the largest region due to the increasing orders for different UAV configurations in military and defense applications. The usage of drones in commercial applications such as real estate, agricultural monitoring, and oil & gas exploration have also grown significantly. Technological advancement and presence of major players in NA contributes in making it dominant region.

Emerging trends which have a direct impact on the dynamics of the industry includes development of new-generation UAV engines and growing investment for R&D activities. Ballard Power Systems, LaunchPoint Technologies, Northwest UAV, ORIBTAL , Rotron Power, Safran SA, Sky Power GmbH, UAV Propulsion Tech, UAV Turbines,, and GE Aviation are the major suppliers in the global UAV propulsion system market. 

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global UAV propulsion system market by propulsion type, range, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global UAV Propulsion System Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global UAV propulsion system market by propulsion type, range, end use industry, and region, as follows:

UAV Propulsion System Market by Propulsion Type [Value ($B) Shipment Analysis from 2017 to 2028]:

 

· Electric Propulsion System

 

· Thermal Propulsion System

 

· Hybrid Propulsion System

 

UAV Propulsion System Market by Range [Value ($B) Shipment Analysis from 2017 to 2028]:

 

· Long Range

 

· Mid-Range

 

· Short Range

 

UAV Propulsion System Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

 

· Military and Civil

 

· Commercial

 

· Consumers

 

UAV Propulsion System Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

 

· North America

 

· Europe

 

· Asia Pacific

 

· The Rest of the World

A more than 150 pages and in-depth TOC on “Global UAV Propulsion System Market". To download report brochure, please go to https://www.lucintel.com and click "report brochure" tab from the menu.

For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/uav-propulsion-system-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the UAV propulsion system market by propulsion type (electric propulsion system, thermal propulsion system, and hybrid propulsion system), range (long range, mid-range, and short range), end use industry (military and civil, commercial, and consumers), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

 

Q.2. Which segments will grow at a faster pace and why?

 

Q.3. Which region will grow at a faster pace and why?

 

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

 

Q.5. What are the business risks and competitive threats in this market?

 

Q.6. What are the emerging trends in this market and the reasons behind them?

 

Q.7. What are some of the changing demand s of customers in the market?

 

Q.8. What are the new developments in the market? Which companies are leading these developments?

 

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

 

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

 

Q.11. What M&A activity did occur in the last five years and what has its impact been on the industry?