Lucintel Forecasts UAV Propulsion System Market to Reach $XX Billion by 2028


Posted March 30, 2023 by Lucintel

According to the recent study the UAV propulsion system market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 12% to 14% from 2023 to 2028.

 
According to the recent study the UAV propulsion system market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 12% to 14% from 2023 to 2028. Growth in this market is primarily driven by increasing use of UAV system by defense forces in border monitoring, digitization and integration of AI with UAV propulsion systems, and expanding opportunities in consumer and commercial applications.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in UAV propulsion system market by propulsion type (electric propulsion system, thermal propulsion system, and hybrid propulsion system), range (long range, mid-range, and short range), end use industry (military and civil, commercial, and consumers), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report by clicking on below link https://www.lucintel.com/uav-propulsion-system-market.aspx

“Electric propulsion system market is expected to remain the largest segment during the forecast period.”
Based on propulsion type, the UAV propulsion system market is segmented into electric propulsion system, thermal propulsion system, and hybrid propulsion system. Lucintel forecasts that the electric propulsion system market is expected to remain the largest segment due to the various benefits such as, lower carbon emission, less maintenance cost, less noise generation, and low cost.
“Within the UAV propulsion system market, the military and civil segment is expected to remain the largest end use industry”
Based on end use industry the military and civil segment is expected to witness the highest growth over the forecast period due to the increasing usage of UAV system for (ISR) intelligence, surveillance, and reconnaissance missions by military forces.
“North America will dominate the UAV propulsion system market in near future”
North America will remain the largest region due to the increasing orders for different UAV configurations in military and defense applications. The usage of drones in commercial applications such as real estate, agricultural monitoring, and oil & gas exploration have also grown significantly. Technological advancement and presence of major players in NA contributes in making it dominant region.
Download Brochure of this report by clicking on https://www.lucintel.com/uav-propulsion-system-market.aspx
Major players of UAV propulsion system market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Ballard Power Systems, LaunchPoint Technologies, Northwest UAV, ORIBTAL, Rotron Power, Safran SA, Sky Power GmbH, UAV Propulsion Tech, UAV Turbines, and GE Aviation are among the major UAV propulsion system providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/uav-propulsion-system-market.aspx or [email protected]
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Issued By LUCINTEL
Country United States
Categories Business
Last Updated March 30, 2023