Propulsion Systems Market - Global Industry Analysis

Propulsion Systems Market

Propulsion Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Automotive Report Format : PDF Report Code: ZMR-2297 Status : Upcoming

Description

Propulsion Systems Market: Overview

The UAV technology has become one of the requisite constituents which include a country's military assignment these days. There is an augmented need for noise decrease UAVs among military forces in to carry out inspection missions. Therefore, an effectual propulsion system is needed so as to meet this exacting requirement. The UAV propulsion system market has an enormous expansion potential owing to a rush in the requirement of UAVs from military applications and commercial.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Propulsion Systems Market: Growth Factors

The propulsion system market is witnessing a dynamic development rate over few years due to a growing requirement of UAV practice in various applications. This high scale of development of the UAV industry is consequently persuading the propulsion system industry, in which new programs are being practiced to develop advanced fuel competent engines, to surmount altitudinal disputes, and beginning of 3D printing in UAV engines are among others. An imminent requirement of UAVs for surveillance, demand for spare parts and attack purposes, among others are some of the most important reasons which are driving propulsion systems market. Additionally, with benefits offered by UAVs over manned aircraft that offers rise for the propulsion systems market to increase a prospect to develop further. UAVs are mounted with various types of engines in harmony to the vital power to execute a variety of operations.

Propulsion Systems Market: Segmentation

Based on application, the  propulsion systems market is divided into civil or commercial UAVs.

Military UAVs: The capability of these UAVs to support in ISR missions, aerial inspection, and strategic operations will result in its increased adoption during the estimated time. Different factors such as its high rate of achievement, the continuing increase in technological potential, and the growing utilization of UAVs against the war on terror campaign will promote growth in this market segment.

Based on type, the global market is divided into MALE UAV, tactical UAV, HALE UAV, and Mini and Micro UAV.

The medium-altitude long endurance (MALE) UAV segment controls the global market. The capability of these UAVs to fly at an altitude of around 25,000 feet for extensive durations of time will lead to its increased utilization in the coming years.

Propulsion Systems Market: Regional Analysis

Geographically, the Americas will be the major market for propulsion systems in the coming years. This region at present retains its hold in the coming years, due to the increase in demand for UAVs from the US army. The existence of main UAV manufacturers such as Aurora Flight Sciences, Lockheed Martin, Northrop Grumman, General Atomics, and AeroVironment, in the US region, is another aspect that will promote market development in the Americas in the coming years.

Propulsion Systems Market: Competitive players

The key market players of propulsion systems market are General Electric Company, United Technologies Corporation, Rolls-Royce Holdings plc., Honeywell International Inc., and Aerojet Rocketdyne Holdings, Inc.

Global Propulsion Systems Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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