Below are some of the key findings from the drone propulsion system market analysis report
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Global Drone Propulsion System Industry Overview
The development of the newer generation engines will trigger the growth of the drone propulsion system market during the forecast period. The benefits of the engines are measured by their impact on the costs of UAV systems. The endurance characteristics of a UAV is influenced by the propulsion technology which is dependent on aerodynamic design and the amount of fuel carried. Therefore, the piston-engines and electric motors have been integrated to fulfill the demand of various UAVs system. As the electric propulsion system has gained popularity in small UAVs for its advantages such as quiet operation, easy & safe handling & storage, and precise power management & control, the drone propulsion system market will register a CAGR of over 20% during the forecast period.
Top drone propulsion system companies covered in this market research report
The drone propulsion system market is moderately fragmented. These players are leveraging advanced technologies to offer high-quality products to meet the evolving needs of the end-user industries. By providing a complete analysis of the market’s competitive landscape and with information on the applications offered by the companies, this drone propulsion system industry analysis report will allow the clients to identify new growth opportunities and design innovative strategies for improving their share in the market.
The report offers a complete analysis of various companies including:
- Ballard Power Systems
- DJI
- Hirth Motors
- Orbital
- PBS AEROSPACE
- Rolls-Royce
Drone propulsion system market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated the Americas will contribute to the highest growth of this market throughout the forecast period. The growing demand for the use of artificial intelligence (AI) for autonomous UAVs from industries is one of the major reasons for the high growth of the drone propulsion system market in this region.
Drone propulsion system market segmentation based on vehicle types
- Military
- Commercial and civil
The military segment will account for the highest growth in the drone propulsion system market. The report provides an accurate prediction of the contribution of the various application segments to the growth of the drone propulsion system market size.
Key highlights of the global drone propulsion system market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the drone propulsion system market during the next five years
- Precise estimation of the global drone propulsion system market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the drone propulsion system industry across various geographies such as the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of drone propulsion system companies
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