Published: Sep-2022|  Format: PDF | MBI Research |  Number of pages: 140 | Code: MBI-3928236

UAV Propulsion System Market Size, Share, Growth & Demand Analysis Report By Propulsion Type (Thermal, Electric, and Hybrid) By End-User (Military and Defense Activities, Commercial activities, and Consumer sectors) Forecast Report By 2022-2030

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Market Overview:

The Global UAV Propulsion System Market size was valued at USD 4,900 million in 2021 and is projected to register a valuation of USD 34,258.31 million by 2030, at a Compound Annual Growth Rate (CAGR) of 11.8% over the forecast period 2022-2030. Increasing technological shifting toward the incorporation of AI into UAVs to attain advanced features such as visual surveillance and dynamic target tracking capability is driving the growth of the UAV propulsion system market.

In this modern age where technology is very advanced, the most important step is to select the propulsion system during the design phase of a UAV. In recent years, with the development of artificial intelligence technology and microprocessor technology, UAVs have attracted more attention as a type of aerial robot that can perform complex tasks. With their ease of use, safety, low cost, and environmental friendliness, UAVs can perform a variety of hazardous, long-range, and long-duration missions in the military and civilian sectors thus occupying a growing share of the aerial vehicle market. In fact, UAVs are commonly used in the military and civilian domains, where military uses typically include reconnaissance, warfare, communications, and electronic jamming.

Covid-19 Impact Analysis:

The outbreak of COVID-19 and the subsequent extent of lockdown have impacted the UAV propulsion system market across the globe. As the Covid-19 crisis continues, many global industrial manufacturing companies are facing challenging times including production shutdowns, transportation, supply chain disruptions, cost increases, and workforce disruptions, which negatively affect the UAV propulsion system industry in terms of revenue.

During the lockdown situation, the operational activities of various end-user industries were put on hold, resulting in reduced demand for the UAV propulsion system market, leading to a further reduction in sales revenue. Supply chain networks were also disrupted leading to a fall in profit margins.

What are the Global UAV Propulsion System Market Drivers?

In the UAV Propulsion System market, numerous factors drive the market demand. Using this propulsion system in security helps to deal with external and internal threats. Due to the availability of aerial platforms, it is widely used by defense forces across the world, which increases the market demand in the global market.

Due to the need for modern technology, countries around the world are spending more of their defense budgets to deploy UAVs as an integral and indispensable part of the armed forces. UAVs are one of the most advanced defense technologies, as well as integration of AI with UAVs, is expected to grow the market during the forecast period.

UAV Propulsion System Market Top Companies Profiles:

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

Global UAV Propulsion System Market Segmentation:

The Global UAV propulsion system market is segmented by type, end-user, and region. By propulsion type; thermal, electric, and hybrid. By end-use; military and defense activities, commercial activities, and consumer sectors. By region; Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

Propulsion Type Analysis

Electric propulsion systems are widely used in electric motors due to various advantages like low maintenance cost, low noise generation, and low cost. A thermal system is used to increase endurance and advance troops.

  • Thermal
  • Electric
  • Hybrid

End-users Analysis

On the basis of end-users, the military and defense sector holds the largest market share in the global market due to its increasing use in intelligence, surveillance, and reconnaissance missions by military forces.

  • Military and Defense Activities
  • Commercial Activities
  • Consumer Sectors

Regional Analysis by Market Business Insights:

The global UAV propulsion system market is categorized into regions such as Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

North America holds the largest share of the UAV propulsion system market, owing to the presence of industry major players in this region. On the other hand, the Asia-Pacific region is projected to generate the highest demand for UAV propulsion systems during the forecast period. This growing demand is mainly due to increasing orders of various UAV configurations for military and commercial applications. Investments in drone start-ups are predicted to increase in many countries in the region requiring the implementation of well-defined regulatory policies.

Region Covered:

  • North America (United States, Canada)
  • Latin America (Argentina, Brazil, Mexico, Rest of LATAM)
  • Europe (U.K., Germany, Spain, France, Italy, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Denmark, Sweden, Norway, Finland), Russia, Poland, Rest of Europe)
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, Bahrain, Kuwait, UAE, Qatar, Oman), South Africa, North Africa, Rest of the Middle East and Africa)
  • Asia-Pacific (China, South Korea, India, Japan, Malaysia, Hong Kong, Australia, Indonesia, Taiwan, New Zealand, Rest of Asia-Pacific)



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