Global Drone Propulsion System Market 2018-2022

Global Drone Propulsion System Market 2018-2022

  • November 2018 •
  • 111 pages •
  • Report ID: 5658057 •
  • Format: PDF
About this market

The use of artificial intelligence (AI) for autonomous UAVs is likely to drive market growth. The next generation drones are envisioned to be powered by artificial intelligence. Aerial AI is capturing significant amounts of data on a real time basis, opening a new world for looking over complex physical structures and analyzing the captured data for defects. Technavio’s analysts have predicted that the drone propulsion system market will register a CAGR of almost 20% by 2023.

Market Overview
Development of newer generation engines
Hydrogen fuel cells offer compelling value for UAVs due to improved reliability of small internal combustion engines that enhances safety and lowers maintenance operations. Thus, integration of new engines has propelled the demand for drone propulsion system market.
SWaP constraints
Small UAVs are required to be outfitted with greater mission autonomy to enable higher situational awareness. Thus, it is challenging for developers to integrate more sensor modules aboard a UAV system and still adhere to SWaP footprint of current propulsion systems.
For the detailed list of factors that will drive and challenge the growth of the drone propulsion system market during the 2019-2023, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including DJI and Hirth Motors, the competitive environment is quite intense. Factors such as the development of newer generation engines and the use of artificial intelligence (AI) for autonomous UAVs, will provide considerable growth opportunities to drone propulsion system manufactures. Ballard Power Systems, DJI, Hirth Motors, Orbital, PBS AEROSPACE, and Rolls-Royce are some of the major companies covered in this report.