Feb 20, 2023   SOURCE: BusinessWire

Global UAV Propulsion System Market Report 2023 to 2033: Featuring Rotron Power, Suter Industries, UAV Engines and Advanced Innovative Engineering Among Others - ResearchAndMarkets.com

The "UAV Propulsion System Market - A Global and Regional Analysis: Focus on UAV Type, End User, Engine Horsepower, Engine Type, and Region - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.

The global UAV propulsion system market is estimated to reach $10.76 billion in 2033 from $8.36 billion in 2022, at a CAGR of 2.33% during the forecast period 2023-2033 in terms of value.

The global UAV propulsion system market is expected to be driven by defense and government applications due to the high capital investment involved in the development of the propulsion system.

However, commercial applications are expected to witness a high growth rate during the forecast period due to an increase in the usage of UAVs in commercial applications leading to investment in technologically advanced propulsion systems.

Unmanned aerial vehicles (UAVs) have been the subject of extensive research and development worldwide since they first appeared in the early 19th century. The majority of the UAV market was initially dominated by the military, who primarily used them.

UAVs now incorporate numerous modules, such as sensors, cameras, and light detection and ranging (LiDAR), making them more useful in the civil and commercial fields as a result of advancements in science and technology. Such developments have encouraged players operating in the market to focus on the development of UAV propulsion systems with a simultaneous push for improving UAV production.

The benefits of UAVs using conventional fuel propulsion systems include a large payload, long endurance, a wide range, and quick resupply. However, with the escalating environmental issues and the diminishing supply of fossil fuels, the energy issue for aircraft has emerged as a persistent difficulty.

As a result, hybrid and all-electric UAVs and solar-powered UAVs have been witnessing research and development activities supported by investments for UAV manufacturers, making it one of the lucrative opportunities for players operating in the market. Despite such active developments, factors such as government regulations and high manufacturing costs restrain the market growth.

However, the growth of the global UAV propulsion systems market has also been augmented by widening commercial applications and private companies' interest in strengthening their UAV services portfolio by adopting the most advanced and efficient propulsion systems to strengthen their customer base.

Recent Developments in Global UAV Propulsion System Market

  • In November 2022, PBS INDIA announced its plans to launch the PBS TJ200 turbojet engine in 2023. The company stated that this turbojet engine PBS TJ200 is currently in the last stage of development and is designed primarily as a propulsion unit for modern UAV and UCAV systems. It is a compact engine of a simple design, fuel lubricated, equipped with a BLDC starter-generator, electric metering fuel pump, and electronic control system of FADEC type.
  • In October 2022, BRP-Rotax GmbH & Co KG stated that it had suspended the delivery of aircraft engines to "countries with unclear usage" in the wake of reports that some of those engines are being used on Turkish combat drones deployed by Azerbaijan in fighting against Armenian forces in Nagorno-Karabakh. It has further been stated that Rotax aircraft engines are produced, designed, and certified for civil use only by the applicable civil regulatory authority.
  • In July 2022, General Atomics Aeronautical Systems, Inc. (GA-ASI) tested a PT6 E-Series model turboprop engine from Pratt & Whitney Canada on GA-ASI's MQ-9B Remotely Piloted Aircraft (RPA). Multiple full-power engine tests were performed at GA-ASI's Desert Horizon flight operations facility in El Mirage, California, on July 29, 2022. The company stated that the PT6 E-Series is a reliable and versatile turboprop engine family focused on delivering the performance characteristics required as GA-ASI continues its development of MQ-9B capabilities.

Market Dynamics

Drivers

  • Rising Procurement of Unmanned Aerial Vehicles by Defense Forces
  • Growing Focus of Manufacturers on Lightweight and Fuel-Efficient Drone Engines

Challenges

  • Notable Incidents of Engine Failure and Improper Functioning
  • High Investment Costs and Supply Chain Complexities

Opportunities

  • Focus of Manufacturers on Developing Sustainable Propulsion Systems for UAVs
  • Ongoing Developments of Electric VTOL Aircraft

Companies Mentioned

  • 3W International GmbH
  • BRP-Rotax GmbH & Co KG
  • Diamond Aircraft Industries (Austro Engine)
  • Gemini Diesel (Superior Aviation Group)
  • HIRTH ENGINES GMBH
  • Rotron Power Ltd.
  • Suter Industries AG
  • UAV Engines Ltd.
  • Advanced Innovative Engineering Ltd.
  • Pratt & Whitney Inc. (Part of Raytheon Technologies)
  • Avio Aero (GE Aviation)
  • Rolls-Royce Holdings PLC
  • PBS India (Part of PBS Aerospace)
  • UAV Turbines Inc. (Subsidiary of Locust USA Inc.)

Market Segmentation

Segmentation 1: by UAV Type

  • Small UAVs
  • Tactical UAVs
  • Medium-Altitude Long-Endurance (MALE)
  • High-Altitude Long-Endurance (HALE)
  • Vertical Take-off and Landing (VTOL)

Segmentation 2: by End User

  • Commercial
  • Military
  • Civil government

Segmentation 3: by Engine Horsepower

  • 10-50 HP
  • 51-100 HP
  • 101-150 HP
  • 151-200 HP
  • Above 200 HP

Segmentation 4: by Engine Type

  • Piston Engine
  • Turbine Engine
  • Turbofan Engine
  • Electrically Powered Engine
  • Wankel Engine
  • Solar-Powered Engine

Segmentation 5: by Region

  • North America - U.S. and Canada
  • Europe - France, Germany, U.K., and Rest-of-Europe
  • Asia-Pacific - China, India, Japan, and Rest-of-Asia-Pacific
  • Rest-of-the-World - the Middle East & Africa and Latin America

For more information about this report visit https://www.researchandmarkets.com/r/xm8svv-propulsion?w=4

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.