Global UAV Propulsion System Market - Analysis and Forecast (2017-2022) (Focus on UAV Type and Engine Type)
NEW YORK, July 18, 2017 /PRNewswire/ -- The Global UAV Propulsion Market Expected to Grow at a CAGR of 12.38% by 2022
Description
The UAV propulsion system market is experiencing a vigorous rate of growth over few years due to a rising demand of UAV usage in diverse applications. This high scale of growth of the UAV industry is subsequently influencing the propulsion system industry, wherein new programs are being carried out to develop higher fuel efficient engines, to overcome altitudinal challenges, and introduction of 3D printing in UAV engines among others.
Read the full report: http://www.reportlinker.com/p04998404/Global-UAV-Propulsion-System-Market-Analysis-and-Forecast-Focus-on-UAV-Type-and-Engine-Type.html
An impending need of UAVs for surveillance and attack purposes and a demand for spare parts, among others are some of the major reasons driving UAV propulsion systems market. Moreover, with advantages offered by UAVs over manned aircrafts, this gives rise for the UAV propulsion systems market to gain an opportunity to grow further. UAVs are mounted with different types of engines in accordance to the required power to perform different operations. The major types of UAV engines include: turbo-fan engines, turbo-prop engines, piston engines, wankel engines, electrically propelled engines, solar power propelled propulsion systems, and hybrid engines. By analysis, global UAV propulsion system generated $363.8 million in 2016, in terms of revenue.
Following points provide a concrete description of the report content and the topics covered in the report:
- This report identifies the global UAV propulsion systems market in different segments such as propulsion system type, UAV type, and geography
- The market size of the sub segments of the above mentioned divisions is also mentioned in the report.
- The scope of this report is focused on the usage of engines in UAVs (other components of propulsion system like gearboxes, propellers, clutches are not included)
- The study includes the market analysis and forecast of global UAV propulsion system market from 2016 to 2022 in terms of value. The report also highlights the year-on-year growth of the market
- The study talks about the prime supply side factors affecting the growth of the market along with the current and future trends in UAV propulsion system market
- The study also presents a detailed examination of UAV propulsion system market along the lines of market drivers, restraints, growth opportunities, and challenges
- The report also highlights the value chain and evolution of the UAV propulsion system in the industry with a major focus on technology roadmap
- A detailed competitive analysis has been included in this report which focuses on the key market developments & strategies followed by the key players in the market. This section covers the research and development (R&D) analysis of the leading players
- UAV propulsion systems market analysis and forecast with respect to its various engine type such as turbo-fan, turbo-prop, piston, rotary, solar powered, hybrid engines, and electrically propelled engines among others garner major emphasis in the report
- In this report, various types of UAVs have been classified on the basis of engine installed
- UAV propulsion system market has been analyzed for all geographies including North America, Europe, Asia-Pacific, and Rest of the World with further analysis with respect to several major countries
- Several ongoing programs for advancement of UAV engines are included in this report
- The key market players are analyzed and profiled in detail in the report. This section covers the business financials, company snapshots, key products & services, major developments, future programs (if any), and finally, the individual SWOT analysis.
Executive Summary
The UAV technology has become one of the essential constituents which comprise a country's military mission nowadays. There is an increased requirement of noise reduction UAVs amongst military forces in order to carry out surveillance missions. Thus, an effective propulsion system is required so as to meet this particular requirement. The UAV propulsion system market has a huge growth potential due to a surge in the demand of UAVs from commercial and military applications. Various types of propulsion systems are being used in the UAVs depending on size of the aircraft.
The central elements of the propulsion systems are:
1. Energy source: fossil fuels, chemicals, biofuels, solar energy, electricity, methanol, hydrogen and energy mechanics
2. Storage Media: batteries, capacitor, metal hydrides and tanks
3. Mechanical Energy converter: fuel cell + electric motor, internal combustion engine
4. Lift/thrust converter: fan, rotor, propeller, jet engine
Besides this, there are aftermarket solutions available for UAV propulsion system.
The demand for UAV propulsion systems is rapidly gaining pace in the aerospace and defense industry owing to the flourishing level of future demand for unmanned aerial vehicles. The rising demand from defense and commercial applications are the major factors responsible for enhancing the growth of UAV propulsion system market, globally.
The UAV propulsion system market is estimated to capture a market value of $363.8 million in 2016 with electrically-powered segment accommodating the highest share.
UAV propulsion system market has a high potential for the growth in the aerospace and defense industry which majorly attributed towards the high rate of proliferation of UAVs. Besides that, the increased usage in the commercial applications such as agriculture, photography, product delivery, and oil and gas has propelled the market.
North America is expected to dominate the market in the forecast period which is followed by Asia Pacific, Europe and rest of the world. U.S. being the largest military spender; is expected to procure UAVs for its military missions, which indeed will generate demand for propulsion systems. Similarly, Asia Pacific is expected to grow at a fastest CAGR with China dominating the market in this region.
Read the full report: http://www.reportlinker.com/p04998404/Global-UAV-Propulsion-System-Market-Analysis-and-Forecast-Focus-on-UAV-Type-and-Engine-Type.html
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