Small and Tactical UAV Fuel Cell Market by Application and Geography - Forecast and Analysis 2020-2024

“The Small and Tactical UAV Fuel Cell Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of USD 182.71 million and CAGR of 14% by segment Application and Geography during the forecast period 2019 to 2024” 

Furthermore, this report extensively covers the smart home appliances market segmentation by application (military and commercial and civil) and geography (North America, Europe, APAC, MEA, and South America). The market report also offers information on several market vendors, including AeroVironment Inc., Ballard Power Systems Inc., Doosan Corp., Elbit Systems Ltd., H3 Dynamics Holdings Pte. Ltd., Intelligent Energy Ltd., Israel Aerospace Industries Ltd., MicroMultiCopter Aviation, Plug Power Inc., and Ultra Electronics Holdings Plc

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Parent Market Analysis

Technavio categorizes the Small and Tactical UAV Fuel Cell Market as a part of the Industrials industry within the Aerospace & Defense industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

Small and Tactical UAV Fuel Cell Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the small and tactical UAV fuel cell industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. 

Key Small and Tactical UAV Fuel Cell Market Driver

One of the key factors driving growth in the market is the development of newer generation engines for UAVs. UAVs have evolved into extremely capable platforms and are deployed for a wide variety of applications. The ability to fight effectively in urban areas against widely-dispersed forces, while minimizing collateral damage and achieving information superiority, has enabled UAVs to play a greater role in critical missions. The endurance of a UAV depends on the propulsion technology used, the aerodynamic design, and the amount of fuel carried. Piston engines and electric motors have been integrated to meet the needs of different sizes of UAVs. The manufacturers of commercial and military UAVs have long been strategizing 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, whose efficiency in terms of weight/power ratios has increased rapidly, have emerged as a viable alternative fuel to replace Li-ion batteries, especially in mid to large-size drones. They offer compelling value for UAVs due to their improved reliability over small internal combustion engines, enhanced safety, and low maintenance operations. UAV systems powered by fuel cells operate for a longer duration than their battery-powered counterparts and provide the same benefits of low thermal and noise signature. Since these unique design features facilitate the alternative uses of UAVs, the development of new, more advanced engines is gaining traction worldwide. 

Key Small and Tactical UAV Fuel Cell Market Challenge

The SWaP constraints will be a major challenge for the market during the forecast period. In the last couple of decades, the development and deployment of UAV systems have witnessed a sharp growth and are being used over a wide range of roles- from urban reconnaissance to high altitude long endurance operations. UAVs have proven to be vital strategic weapons in the arsenal through their ISR and enemy-striking capabilities. The complexity and diversity of UAV applications and their underlying computing systems have added to some of the most advanced design challenges faced by developers. One such challenge is to meet the criteria of integrating high-performance systems for onboard processing within the size, weight, and power (SWaP) constraints. The requirement for smart sensors with increased imagery capabilities is driving the payload development of UAVs. The reduction in DoD spending on technology development has forced many integrators to turn toward standards such as VPX for their payload designs. Thus, it is challenging for developers to integrate more sensor modules aboard a UAV system and still adhere to the SWaP footprint of the current propulsion systems. 

Small and Tactical UAV Fuel Cell Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of the market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Who are the Major Small and Tactical UAV Fuel Cell Market Vendors?

AeroVironment Inc. - The company offers UAV fuel cells for small and tactical UAVs. Under the unified segment, the company focuses on designing, developing, producing, supporting, and operating a technologically advanced portfolio of products and services such as unmanned aircraft systems for government agencies and businesses.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

• AeroVironment Inc.
• Ballard Power Systems Inc.
• Doosan Corp.
• Elbit Systems Ltd.
• H3 Dynamics Holdings Pte. Ltd.
• Intelligent Energy Ltd.
• Israel Aerospace Industries Ltd.
• MicroMultiCopter Aviation
• Plug Power Inc.
• Ultra Electronics Holdings Plc

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Which are the Key Regions for the Small and Tactical UAV Fuel Cell Market?

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34% of the market’s growth will originate from North America during the forecast period. The US is the key market for small and tactical UAV fuel cells in North America. Market growth in this region will be slower than the growth of the market in other regions.

The defence industry is highly advanced in North America. The US is the predominant contributor to the market in North America. The US has developed multiple application-specific programs for small and tactical UAVs. The country aims at integrating fuel cell technology with UAVs. The US has a vast border, which gives rise to the need for continuous surveillance operations to tighten national security, and this has led to a subsequent increase in the demand for fuel cell-powered UAVs to enhance the endurance and operational capabilities of US border patrol forces. Moreover, the significant deployment of tactical UAVs in military and defence applications supports the market in the region. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Small and Tactical UAV Fuel Cell Market?

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The market share growth by the military segment will be significant during the forecast period. During the last decade, the adoption rate of tactical UAVs has increased dramatically, as major operators such as the US Army have been seeking to optimize the use of robotic process automation (RPA) to address the persistent challenges in their intelligence, surveillance, and reconnaissance (ISR) missions. Rapid innovations in microelectronic components coupled with other technological advances in the field of aerospace have led to the development of modern tactical UAVs, with better performance characteristics than their predecessors, that can be deployed for critical combat missions. UAV manufacturers are constantly updating and refining their offerings to address the diverse demand of military operators. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the size and actionable market insights on the post-COVID-19 impact on each segment.

Small and Tactical UAV Fuel Cell Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 14%
Market growth 2020-2024	$ 182.71 million
Market structure	Concentrated
YoY growth (%)	8.21
Regional analysis	North America, Europe, APAC, MEA, and South America
Performing market contribution	North America at 34%
Key consumer countries	US, China, France, Germany, and Russian Federation
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	AeroVironment Inc., Ballard Power Systems Inc., Doosan Corp., Elbit Systems Ltd., H3 Dynamics Holdings Pte. Ltd., Intelligent Energy Ltd., Israel Aerospace Industries Ltd., MicroMultiCopter Aviation, Plug Power Inc., and Ultra Electronics Holdings Plc
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Small and Tactical UAV Fuel Cell Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the small and tactical UAV fuel cell industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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