DUBLIN, Dec. 20, 2018 /PRNewswire/ —

The “Global Small and Tactical UAV Fuel Cell Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The market to grow at a CAGR of more than 13 % by 2023.

Drones have redefined and enhanced the productivity of numerous industries within a short span of time. The next generation of drones is envisioned to be powered by artificial intelligence. Aerial AI is capturing loads of data on a real-time basis, opening a new world for looking over complex physical structures and analyzing the captured data for defects.

 For instance, automated UAVs can scan blades on wind turbines and via onboard AI models, can detect defects and provide recommendations on necessity and timescale of maintenance. The use of artificial intelligence (AI) for autonomous UAVs is expected to be a major trend in the small and tactical UAV fuel cell market.

Market Overview

Development of newer generation engines

The military and commercial UAV manufacturers have long been planning over the adoption of alternative propulsion technologies for UAVs. With several vendors experimenting with such innovative technologies, the dependence of UAVs on fossil fuels has reduced significantly. Recently, hydrogen fuel cells have introduced as a viable alternative fuel to substitute Li-ion batteries in mid to large size drones, and their efficiency in terms of weight/power ratios has increased rapidly.

They offer compelling value for UAVs owing to improved reliability over small internal combustion engines. Therefore, the development of newer generation engines is expected to propel the growth of the small and tactical UAV fuel cell market.

High R&D costs

Development cost has been a major challenging factor for UAV propulsions systems in the past. Hence, the high R&D costs have resulted in favoring the adaptation of existing propulsions technologies in a budget-constrained manner, usually by both sacrificing performance and reliability. This is a major challenge that is negatively impacting the market.

Competitive Landscape

The small and tactical UAV fuel cell market appears to be fragmented with the existence of a large number of companies. Some of the factors impacting the growth of the market include the development of newer generation engines along with the growing use of AI for autonomous UAVs.

Ballard Power Systems, HES Energy Systems, Intelligent Energy, MicroMultiCopter Aero Technology, and Ultra Electronics are some of the top companies in the market

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Comparison by application
• Military
• Commercial and civil
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic comparison
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

• Use of artificial intelligence (AI) for autonomous UAVs
• Development of swarm UAVs
• Emergence of laser-powered UCAV

PART 12: VENDOR LANDSCAPE

• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Ballard Power Systems
• HES Energy Systems
• Intelligent Energy
• MicroMultiCopter Aero Technology
• Ultra Electronics

For more information about this report visit https://www.researchandmarkets.com/research/mkdh3p/global_small_and?w=5

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SOURCE Research and Markets