UAV (Drone) Propulsion Systems Market Size, Share & Growth

UAV (Drone) Propulsion Systems Market by Vehicle type (Small, Medium, Large, Tactical, Strategic), by Application (Commercial, Defense & Government), by propulsion system (Electric, Hybrid, Conventional, Solar), by Power (<500W, 500W-5KW, 5KW-100KW, >100KW), and Region- Global Forecast To 2029

Report Code: UC-AS-6588 Nov, 2024, by marketsandmarkets.com

The UAV (Drone) Propulsion System Market is projected to reach USD 11,098 million by 2029, from USD  6,994 million in 2024, at a CAGR of 10.9% during the forecast period.

Exhaustive secondary research was done to collect information on the UAV (Drone) Propulsion System Market, its adjacent markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Demand-side analyses were carried out to estimate the overall size of the market. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines, were referred to identify and collect information for this study. Secondary sources also included company annual reports, press releases, investor presentations, certified publications, articles by recognized authors, and component research papers.

Primary Research

Extensive primary research was conducted after acquiring information regarding the UAV (Drone) Propulsion System Market scenario through secondary research. The market for Unmanned Systems Propulsion is being driven by a range of stakeholders, OEMs,  Spare Parts/Maintenance /Repair/Service and Solution Providers, Regulatory Bodies, and governments of Various Countries. The demand-side of this market is characterized by various end users, such as unmanned system manufacturers and service providers. Various primary sources from both, the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

UAV (Drone) Propulsion Systems Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, the top-down and bottom-up approaches were used to estimate and validate the total size of the UAV (Drone) Propulsion System Market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the market size estimation process, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for market segments and subsegments, the data triangulation procedure has been implemented, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, segment, and forecast the size of the UAV (Drone) Propulsion System Market based on Vehicle Type, Application, Propulsion System, Power, and Region.
  • To forecast the size of different segments of the market for five key regions, namely, North America, Europe, Asia Pacific, Middle East, and the Rest of the World, along with their key countries.
  • To identify and analyze the key drivers, restraints, opportunities, and challenges influencing the growth of the market.
  • To identify technology trends currently prevailing in the UAV (Drone) Propulsion System Market.
  • To analyze micromarkets for individual growth trends, prospects, and their contribution to the overall market.
  • To analyze opportunities in the market for stakeholders by identifying the key market trends
  • To profile the leading market players and comprehensively analyze their market share and core competencies.
  • To analyze the degree of competition in the market by identifying the key growth strategies, such as acquisitions, new product launches, contracts, and partnerships, adopted by the leading market players.
  • To identify detailed financial positions, key products, and unique selling points of the leading companies in the market.
  • To provide a detailed competitive landscape of the market, along with a ranking analysis, market share analysis, and revenue analysis of the key players.

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2029

Base year considered

2023

Forecast period

2024-2029

Forecast units

Value (USD Million)

Segments Covered

By Vehicle Type, Application, Propulsion System, Power, and Region

Geographies covered

North America, Europe, Asia Pacific, the Middle East, and the Rest of the World

Companies covered

General Dynamics (US), Teledyne Marine (US), Saab AB (Sweden), Aerovironment, Inc. (US), Northrop Grumman Corporation (US), a total of 25 companies

The study categorizes the UAV (Drone) Propulsion System Market based on Solution, Range, Application, Mode of Operation, and Region

Segment

Subsegment

By Vehicle Type

  • Small
  • Medium
  • Large
  • Tectical
  • Strategic

By Application

  • Commercial
  • Defense & Government

By Propulsion System

  • Electric
  • Hybrid
  • Conventional
  • Solar

By Power

  • <500W
  • 500W-5KW
  • 5KW-100KW
  • >100KW

By Region

  • North America
    • US
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Norway
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
      • Saudi Arabia
      • UAE
    • Israel
    • Rest of the Middle East
  • Rest of the World
    • Latin America
    • Africa

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

Company Information

  • Profiling of additional market players (up to 25)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the UAV (Drone) propulsion Systems Market.

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

Tables of Content
 
1 INTRODUCTION
  1.1 OBJECTIVES OF THE STUDY
  1.2 MARKET DEFINITION
  1.3 MARKET SCOPE
      1.3.1 MARKETS COVERED
      1.3.2 REGIONAL SCOPE
      1.3.3 YEARS CONSIDERED FOR THE STUDY
  1.4 INCLUSIONS AND EXCLUSIONS
  1.5 CURRENCY & PRICING
  1.6 MARKET STAKEHOLDERS
 
2. RESEARCH METHODOLOGY
   2.1 RESEARCH DATA
       2.1.1 SECONDARY DATA
             2.1.1.1 Secondary sources
       2.1.2 PRIMARY DATA
             2.1.2.1 Key data from primary sources
             2.1.2.2 Breakdown of primaries
   2.2 FACTOR ANALYSIS
       2.2.1 INTRODUCTION
       2.2.2 DEMAND-SIDE INDICATORS
       2.2.3 SUPPLY-SIDE INDICATORS
   2.3 MARKET SIZE ESTIMATION AND METHODOLOGY
       2.3.1 BOTTOM-UP APPROACH
       2.3.2 TOP-DOWN APPROACH
   2.4 DATA TRIANGULATION 
   2.5 RESEARCH ASSUMPTIONS
   2.6 RISK ASSESSMENT
   2.7LIMITATION
 
 
3 EXECUTIVE SUMMARY 
 
4 PREMIUM INSIGHTS 
 
5 MARKET OVERVIEW
  5.1 INTRODUCTION
  5.2 MARKET DYNAMICS
      5.2.1 DRIVERS
      5.2.2 RESTRAINTS
      5.2.3 OPPORTUNITIES
      5.2.4 CHALLENGES
  5.3 OPERATIONAL DATA
  5.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  5.5 ECOSYSTEM ANALYSIS
      5.5.1 PROMINENT COMPANIES
      5.5.2 PRIVATE AND SMALL ENTERPRISES
      5.5.3 END USERS
  5.6 VALUE CHAIN ANALYSIS 
  5.7 PRICING ANALYSIS
      5.7.1 INDICATIVE PRICING ANALYSIS, BY APPLICATION
      5.7.2 INDICATIVE PRICING ANALYSIS, BY REGION
  5.8 CASE STUDY ANALYSIS
      5.7.1 CASE STUDY 1 
      5.7.2 CASE STUDY 2
      5.7.1 CASE STUDY 3
  5.9 TRADE ANALYSIS
  5.10 KEY CONFERENCES AND EVENTS, 2024–2025
  5.11 TARIFF AND REGULATORY LANDSCAPE
       5.11.1 TARIFF DATA (HS CODE: 840710) - SPARK-IGNITION RECIPROCATING OR ROTARY INTERNAL COMBUSTION PISTON ENGINE, FOR AIRCRAFT
       5.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 
       5.11.3 KEY REGULATIONS
  5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
       5.12.1 KEY STAKEHOLDERS IN THE BUYING PROCESS
       5.12.2 BUYING CRITERIA
  5.13 TECHNOLOGY ANALYSIS
       5.13.1 KEY TECHNOLOGIES
              5.13.1.1 Electric Motors
              5.13.1.2 Propellers
       5.13.2 COMPLIMENTARY TECHNOLOGIES
              5.13.1.1 Electronic Speed Controllers (ESCs)
              5.13.1.2 Fuel Cells
       5.13.3 ADJACENT TECHNOLOGIES
              5.13.1.1 Batteries
              5.13.1.2 UAV Communication
  5.14 INVESTMENT AND FUNDING SCENARIO
  5.15 BUSINESS MODELS OF THE TOP 5 PLAYERS
  5.16 TOTAL COST OF OWNERSHIP
  5.17 MACROECONOMIC OUTLOOK
  5.18 BILL OF MATERIAL
  5.19 PATENT ANALYSIS
  5.20 IMPACT OF AI
 
6 INDUSTRY TREND 
    6.1 INTRODUCTION 
    6.2 TECHNOLOGY TRENDS  
    6.3 TECHNOLOGY ROADMAP 
    6.4 IMPACT OF MEGATRENDS 
    6.5 TECHNOLOGICAL ROADMAP FOR UAV (DRONE) PROPULSION SYSTEM MARKET
 
7 UAV (DRONE) PROPULSION SYSTEM MARKET, BY VEHICLE TYPE
  7.1 INTRODUCTION
  7.2 SMALL
  7.3 MEDIUM
  7.4 LARGE
  7.5 TACTICAL
  7.6 STRATEGIC
 
8 UAV (DRONE) PROPULSION SYSTEM MARKET, BY APPLICATION
  8.1 INTRODUCTION
  8.2 COMMERCIAL
  8.3 DEFENSE & GOVERNMENT 
 
9 UAV (DRONE) PROPULSION SYSTEM MARKET, BY PROPULSION SYSTEM
  9.1 INTRODUCTION
  9.2 ELECTRIC 
      9.2.1  BATTERY-POWERED
      9.2.2 FUEL CELL-POWERED
  9.3 HYBRID 
  9.4 CONVENTIONAL 
  9.5 SOLAR 
 
10 UAV (DRONE) PROPULSION SYSTEM MARKET, BY POWER
   10.1 INTRODUCTION
   10.2 < 500W
   10.3 500W - 5KW
   10.4 5KW - 100KW
   10.5 > 100KW
 
11 UAV (DRONE) PROPULSION SYSTEM MARKET, BY REGION
   11.1 INTRODUCTION
   11.2 NORTH AMERICA
        11.2.1 PESTLE ANALYSIS: NORTH AMERICA
        11.2.2 US
        11.2.3 CANADA
   11.3 EUROPE
        11.4.1 PESTLE ANALYSIS: EUROPE
        11.4.2 UK
        11.4.3 GERMANY
        11.4.4 FRANCE
        11.4.5 ITALY
        11.4.6 RUSSIA
        11.4.7 NORWAY
        11.4.8 REST OF EUROPE
   11.4 ASIA PACIFIC
        11.4.1 PESTLE ANALYSIS: ASIA PACIFIC
        11.4.2 CHINA
        11.4.3 INDIA
        11.4.4 JAPAN
        11.4.5 AUSTRALIA
        11.4.6 SOUTH KOREA
        11.4.7 REST OF ASIA PACIFIC
   11.5 MDDLE EAST 
        11.6.1 PESTLE ANALYSIS: MIDDLE EAST
        11.6.2 GCC COUNTRIES
               11.6.2.1 UAE
               11.6.2.1 SAUDI ARABIA
               11.6.3 ISRAEL
               11.6.4 REST OF MIDDLE EAST
  11.6 REST OF THE WORLD
       11.7.1 PESTLE ANALYSIS: REST OF THE WORLD
       11.7.2 LATIN AMERICA
       11.7.3 AFRICA
 
12 COMPETITIVE LANDSCAPE
   12.1 INTRODUCTION
   12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
   12.3 MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2023
   12.4 REVENUE ANALYSIS 2020–2023
   12.5 BRAND/ PRODUCT COMPARISON
   12.6 COMPANY VALUATION AND FINANCIAL METRICS
   12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
        12.7.1 STARS 
        12.7.2 EMERGING LEADERS
        12.7.3 PERVASIVE PLAYERS
        12.7.4 PARTICIPANTS
        12.7.5 COMPANY FOOTPRINT, KEY PLAYERS, 2023
               12.7.5.1 COMPANY FOOTPRINT
               12.7.5.2 REGION FOOTPRINT
               12.7.5.3 VEHICLE TYPE FOOTPRINT
               12.7.5.4 PROPULSION SYSTEM FOOTPRINT
               12.7.5.5 APPLICATION FOOTPRINT
  12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
       12.8.1 PROGRESSIVE COMPANIES
       12.8.2 RESPONSIVE COMPANIES
       12.8.3 DYNAMIC COMPANIES
       12.8.4 STARTING BLOCKS
       12.8.5 COMPANY FOOTPRINT: START-UPS/SME, 2023
              12.8.5.1 DETAILED LIST OF KEY STARTUPS/SMES
              12.8.5.2 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  12.9 COMPETITIVE SITUATION AND TRENDS
       12.9.1 PRODUCT LAUNCHES 
       12.9.2 DEALS
       12.9.3 EXPANSIONS
       12.9.4 OTHER DEVELOPMENTS 
 
13 COMPANY PROFILES
   13.1 INTRODUCTION
   13.2 KEY PLAYERS
        13.2.1 GENERAL DYNAMICS
        13.2.2 TELEDYNE MARINE
        13.2.3 SAAB AB
        13.2.4 AEROVIRONMENT, INC.
        13.2.5 NORTHROP GRUMMAN CORPORATION
        13.2.6 HONEYWELL AEROSPACE
        13.2.7 ROLLS-ROYCE HOLDINGS PLC
        13.2.8 SAFRAN
        13.2.9 BAE SYSTEMS
        13.2.10 LOCKHEED MARTIN CORPORATION
        13.2.11 RAYTHEON TECHNOLOGIES CORPORATION
        13.2.12 L3HARRIS TECHNOLOGIES
 
  13.3 OTHER PLAYERS 
       13.2.1 T-MOTOR
       13.2.2 RCX
       13.2.3 EMAX
       13.2.4 VERTIQ
       13.2.5 UAV PROPULSION TECH
 
14 APPENDIX
   14.1 DISCUSSION GUIDE
   14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
   14.3 AVAILABLE CUSTOMIZATION
   14.4 RELATED REPORTS
   14.5 AUTHOR DETAILS
 

 


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