UAV Engine Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Internal Combustion, Electric, Hybrid); UAV Type (Fixed Wing, Rotary Wing, Hybrid); End User (Military, Commercial) and Geography
Report Code: TIPRE00025432
| No. of Pages: 150
| Category: Aerospace and Defense
| Status: Upcoming
UAVs are most commonly deployed for applications including reconnaissance, environmental, geodetic, cartographic and photogrammetric research. UAVs are being widely used for both military and civil tasks and the propulsion systems or engines used in the UAV directly impacts the aircraft's endurance, speed, flight altitude, and payload capacity. The engines for UAVs typically derives power from either a fuel source, electric battery source, or hybrid of the two. The market is driven by the ongoing rate of adoption of electric propulsion systems due to their compact size and lighter weight. Furthermore, the rising concern of controlling emissions across international government has led to a rising demand for electric engines in UAVs.
The "Global UAV Engine Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of UAV Engine market with detailed market segmentation by type, UAV type, end user, and geography. The global UAV Engine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading UAV Engine market players and offers key trends and opportunities in the market.
On the basis of type, the market is segmented as Internal Combustion, Electric, and Hybrid.
On the basis of UAV type, the market is segmented as fixed wing, rotary wing, hybrid
On the basis of end user, the market is segmented into Military, and Commercial.
MARKET DYNAMICS Drivers:
Technological advancements in UAV engines development such as Hydrogen fuel cells, hybrid and electric engines
Impact of engines on the overall performance of UAV engines
Rising demand from APAC region owing to the military and commercial applications
Strict government laws and regulations for commercial UAVs
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The UAV Engine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the UAV Engine market in these regions.
IMPACT OF COVID-19 ON UAV ENGINE MARKET
During the peak of the pandemic in 2020, UAVs manufacturers started working closely with policymakers of countries more willing to accommodate delivery of drones in their airspace to counter the impact across the world. Additionally, several key UAV engine market players have been focusing their resources towards research and development of advanced technologies in UAV engines to gear up for the rising demand during 2020-2021, irrespective of the disruption in supply chain. For instance, the German manufacturer Sky Power International has been actively undertaking various projects to expand their product portfolio and focus on research and development through March 2020 to August 2021. In May 2020, Sky Power invested in additional engine test cell and new measuring equipment. Therefore, the impact of COVID-19 on UAV Engine market is positive and market conditions are highly competitive.
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The report covers key developments in the UAV Engine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from UAV Engine market are anticipated to lucrative growth opportunities in the future with the rising demand for UAV Engine in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the UAV Engine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Rolls Royce PLC
Sky Power GmbH
HIRTH ENGINES GMBH
Rotron Power Ltd.
Kobayashi Precision Industry Co., Ltd.
UAV Engines LTD
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1.Rolls Royce PLC
3.Sky Power GmbH
6.HIRTH ENGINES GMBH
7.Rotron Power Ltd.
9.Kobayashi Precision Industry Co., Ltd.
10.UAV Engines LTD