UAV (Drone) Propulsion Systems Market Statistics, Emerging
Demands and Forecast

UAV
(Drone) Propulsion Systems Market Growth Trend & Forecast with
latest research study released by Delvens evaluating the market risk side
analysis, highlighting opportunities, and leveraging strategic and tactical
decision-making support. The report provides information on market trends and
development, growth drivers, technologies, and the changing investment
structure of the Global market, UAV (Drone) Propulsion Systems Market size was estimated at USD 6,500.0
million in 2023 and is projected to reach USD 11,564.9 million in 2030 at a
CAGR of 11.50 % during the forecast period to 2030.

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With advancements in technology, the propulsion systems have
evolved to meet the increasing demand for more efficient, longer-lasting, and
lightweight solutions. This market includes a wide range of propulsion
technologies, such as electric motors, internal combustion engines, and hybrid
systems, tailored to different UAV sizes, from small consumer drones to large
commercial and military-grade models.

Recent Developments

In August 2023, Field
Group chose Alva Industries for the ATLUS X60 electric propulsion system to
enhance the safety and efficiency of infrastructure inspections. The system’s
outstanding performance, reliability, and long lifespan made it an ideal
option. Field Group made a significant initial purchase to integrate the
systems into their UAV fleet.

In December 2022, Orbital
Corporation Ltd. and Animal Dynamics entered into a partnership to drive
innovation in advanced propulsion systems for the Stork-STM UAVs. The
collaboration aimed to develop initial concepts for heavy fuel engine systems
for Animal Dynamics's heavy lift unscrewed aircraft systems.

North America to
Dominate the Market

·       
North America is expected to maintain the
largest market share throughout the forecast period. This dominance is driven
by the increasing use of drones in the military for applications such as aerial
mapping, forest monitoring, and infrastructure surveys. The US, as one of the
leading producers of military UAVs, exports to numerous countries, further bolstering
its market presence.

·       
The Asia-Pacific region is expected to witness
the highest demand for UAV propulsion systems during the forecast period. This
surge in demand is primarily driven by increased orders for various UAV
configurations, serving both military and commercial purposes. Investments in
drone start-ups across multiple countries in the region are anticipated to
rise, highlighting the need for clear and effective regulatory policies.

The prominent players
in the UAV (Drone) Propulsion Systems Market are:

·       
General Dynamics

·       
Teledyne Marine

·       
Saab AB

·       
Aerovironment, Inc.

·       
Northrop Grumman Corporation

·       
Honeywell Aerospace

·       
Rolls-Royce Holdings PLC

·       
Safran

·       
BAE Systems

·       
Lockheed Martin Corporation

·       
Raytheon Technologies Corporation

·       
L3Harris Technologies

·       
T-Motor

·       
RCX

·       
EMAX

·       
Vertiq

·       
UAV Propulsion Tech and More

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market data for the UAV (Drone) Propulsion Systems Market, Delvens offers
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