UAV Propulsion System Market Overview | Key Players Review and Forecast to2025

Research Reports

Jan 20, 2021

Market Insight

Global UAV Propulsion System Market is projected to be valued at USD 12.52 Billion by 2025, expanding at a CAGR of 12.6% between 2019 and 2025. The increasing use of UAVs for countering internal and external security threats is primarily driving the growth of the market. Furthermore, increasing demand for UAVs for border monitoring is driving the growth of the market.

Key Players

3W International GmbH (Germany), Austro Engine GmbH (Germany), Ballard Power Systems Inc. (US), GE Aviation (US), Hirth Engines GmbH (Germany), LaunchPoint Technologies Inc. (US), Orbital Corporation (US), Rotron Power Ltd (UK), Safran SA (France), Sky Power GmbH (Germany), UAV Engine Ltd (US), UAV Propulsion Tech (US), UAV Turbines, Inc. (US) and United Technologies Corporation (US)

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Growth Opportunities in the Market

Electric propulsion system segment accounted for the largest market share in 2018: The electric propulsion system segment is also expected to grow at the highest CAGR during the forecast period from 2019 to 2025. The growth can be attributed to the high utilization of electric propulsion system in UAVs. This is because the electric propulsion system creates less noise, weighs less, and requires less maintenance.

Commercial segment is expected to register the highest growth in the market: The commercial segment is expected to grow at the highest CAGR during the review period. This is due to the increasing use of UAVs for commercial applications such as mapping & surveying, climate & pollution monitoring, and recreational photography and videography among others.

Global UAV Propulsion System Market has witnessed high growth in recent years owing to increasing use for UAVs for military missions globally.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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