UAV Propulsion System Market 2027 - Scope, Size, Share, Forecast

1. Sign in Sign in Nikita’s Newsletter Subscribe UAV Propulsion System Market 2027 - Scope, Size, Share, Forecast Nikita Godse 21 hr ago Unmanned aerial vehicle (UAV) propulsion systems are witnessing commercial applications beyond their traditional relevance in the military and defense sector, and are likely to draw volume sales tantamount to ~5.8 Bn units by the end of 2027. According to a recently published report by Transparency Market Research (TMR), UAVs have recently captured a lot of interest with the rise in cold wars and trade wars among various countries, and are deemed indispensable for the armed forces. A large number of developed countries have already embraced this modern surveillance system; however, with the current environmental scenario, strategic incentives are directed towards the development of propulsion systems that are propelled by fossil fuels and not combustion engines. The potential use of drones in the packaging industry to facilitate the same-day delivery of goods is likely to widen the clientele base for UAVs, thereby fortifying opportunities for manufacturers. However, manufacturers have been expending e?orts towards controlling the development costs of propulsion systems, which otherwise directly gets added on to the product cost. Request a sample to get extensive insights into the UAV Propulsion System Market Fuel Cells - The Next Frontier in the UAV Propulsion System Landscape With environmental concerns being at the front-of-the-mind focus, market players are taking propulsion approaches other than extant combustion engines, which is driving the shi? towards the development of fuel cell and solar power. Fuel cells are gaining high traction as a viable alternative to small internal combustion engines, given their low heat and noise pro?le. With increasing research and development activities, fuel cell-based UAV propulsion systems will allow better mission time and longer range as compared to other propulsion systems, which has been established as the key manufacturing trend in the UAV propulsion system market. For instance, a key market player, Protonex PEM, announced the launch of UAV fuel cell propulsion systems that o?er 100% throttle ?exibility, along with mid-air start-stop capability. Besides this, market players are rethinking the designs of these propulsion systems for the development of fuel-e?cient, lightweight, and high payload capacity systems, to set products apart and reap better sales opportunities. To understand how our report can bring di?erence to your business strategy, Ask for a brochure Electric Propulsion System to Remain Standard As currently envisioned by the TMR study, electric propulsion systems will account for ~85% market share by 2027, followed by thermal propulsion systems; however, the adoption of hybrid propulsion systems will witness an exponential rise. Electrical propulsion systems shrink carbon footprint with lesser emissions, and are hence, making it to the top-selling UAV propulsion system category. However, the operating regulations of UAVs in di?erent countries vary, which implies that, market players need to study regional protocols well before venturing into a new market. The report also shows the sustained lead of North America in the UAV propulsion system market during the forecast period, given the region’s generous investments in the military and defense sector. However, promising growth of consumer goods industry and demand for drone-based delivery services are likely to augur well for the Asia Paci?c market during the forecast period. Subscribe to Nikita’s Newsletter By Nikita Godse · Launched 4 months ago ICT Type your email… Subscribe Write a comment… Top New What is Nikita’s Newsletter? Electric Vehicle Battery on Demand Market : Trends, outlook and Opportunity Analysis An electric vehicle battery powers the electric motors of a battery electric vehicle or hybrid electric vehicle. These batteries are usually rechargeab… Nikita Godse Sep 28 Refurbished Computer and Laptop Market Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities Transparency Market Research delivers key insights on the global refurbished computer and laptop market. In terms of revenue, the global refurbished co… Nikita Godse Aug 4 Spun-bonded Non-woven Bags Market - Global Industry Analysis, Size, Share, Growth 2030 Spun-bonded non-woven is a mixture of porous flat sheets and fabrics like materials which contains either molten plastic or plastic films with long fib… Nikita Godse Aug 5 See all Ready for more? Type your email… Subscribe © 2021 Nikita Godse. See privacy, terms and information collection notice Publish on Substack Nikita’s Newsletter is on Substack – the place for independent writing