Global Unmanned Aerial Vehicles Market - Growth, Global Trends And Forecasts (2018 - 2023)

  • ID: 4557743
  • Report
  • Region: Global
  • 121 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2018
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FEATURED COMPANIES

  • Aerovironment
  • Airbus
  • BAE Systems Plc
  • Boeing
  • CybAero AB
  • Elbit Systems
  • MORE
An unmanned aerial vehicle (UAV) is one of the cutting edge systems in the aviation industry, which has gained much popularity in military, civilian, and commercial applications. With technological advancements, the UAV market has been witnessing the popularity of eco-friendly propulsion systems, such as, fuel cells and solar cells. Designing lightweight UAV is one of the challenges being faced by the market, as it has been observed that an average UAV has a power source and fuel that typically account for about 35-65% of the vehicle’s weight, whereas, for small UAVs, it is around 38-40%. UAV manufacturers have been consistently striving to decrease the weight of vehicles, while simultaneously achieving fuel efficiency and abiding by each of the participant country’s UAV regulations. The global fuel cell UAV market is anticipated to register a CAGR of over 6% during the forecast period

Increase in Investment from the Military Unmanned Aircraft Sector

Recently UAVs are becoming one of the most significant weapons in the military's arsenal. Simultaneously, the number of civil and commercial UAV applications also is growing. The defence of U.S. has brought about new technology requirements for next-generation UAVs. The rule makers in the U.S. Federal Aviation Administration (FAA) in Washington and other aviation authorities around the globe also are feeling pressure to permit at least limited non-military UAV operations in civilian airspace.

By the end of next decade, the UAV industry would be anticipated to be approximately USD 10 billion, combining manufacturing, sales, jobs, etc., in the U.S. During the next two years, the FAA to finally set privacy rules for small UAVs, responding to a lot more pressure from manufacturers and from state and local governments. By 2025, the UAV are expected to be much bigger , delivering pesticides for agriculture, packages for Amazon and others, which means going from a nascent market at present to a multi-billion dollar industry in a decade or less.

Competitor Analysis

The fuel cell technology suppliers for UAV manufacturers are competing fiercely in the market, to achieve long flight endurance. In 2016, H3 dynamics launched HYWINGS, a hydrogen fuel cell UAV, which was capable of a ten-hour flying duration and covered up to 500 km. HES Energy Systems, a subsidiary of H3 Dynamics, was successful in providing aerospace-grade fuel cell technology that is 3-5 times lighter than lithium batteries. Currently, HES Energy Systems is working on the field-refueling systems as accessories to different UAV platforms, particularly fuel cell propulsion UAV. There exist major players, like Elbit Systems, which has also successfully experimented using Horizon Energy Systems’ Aeropak fuel cell technology in its Skylark(r) I-LE UAS model in 2010, and plans to supply more, based on the emerging demand in the market.

Key Developments:

December 2017: Ballard Power Systems has developed a next-generation, high-performance fuel cell propulsion system to power unmanned aerial vehicles (UAVs)

March 2017: Intelligent Energy has made a deal with PINC to supply its air-cooled fuel cell systems for unmanned aerial vehicles, marking Intelligent Energy’s first sale of fuel cell systems for UAVs as the company grow fast with the commercialization of its technology

Key Players: Aerovironment, Elbit Systems, Israel Aerospace Corporation, among others.

Reasons to Purchase this Report
  • Analysing various perspectives of the market with the help of Porter’s Five Forces Analysis
  • Detailed analysis on the segment that is expected to register the highest growth rate
  • Study on the region and country that are expected to dominate the market
  • Identifying the latest developments, market shares and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate Sheet in Excel
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aerovironment
  • Airbus
  • BAE Systems Plc
  • Boeing
  • CybAero AB
  • Elbit Systems
  • MORE
1. INTRODUCTION
1.1 Scope of Study
1.2 Market Definition
1.3 Executive Summary

2. RESEARCH METHODOLOGY
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Phases

3. MARKET INSIGHTS
3.1 Current Market Scenario
3.2 Technology Trends
3.3 Industry Attractiveness - Porter's Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the industry

4. MARKET DYNAMICS
4.1 Drivers
4.2 Restraints
4.3 Opportunities

5. UAV MARKET, SEGMENTED BY UAV TYPE
5.1 TUAV
5.2 VTOL
5.3 MALE
5.4 HALE
5.5 UCV

6. UAV MARKET, SEGMENTED BY APPLICATION
6.1 Military
6.2 Civil and Commerical
6.3 Others

7. UAV MARKET, SEGMENTED BY GEOGRAPHY
7.1 North America
7.1.1 US
7.1.2 Canada
7.1.3 Mexico
7.1.4 Rest of North America
7.2 Europe
7.2.1 Spain
7.2.2 United Kingdom
7.2.3 Germany
7.2.4 Russia
7.2.5 France
7.2.6 Rest of Europe
7.3 Asia-Pacific
7.3.1 China
7.3.2 India
7.3.3 Japan
7.3.4 Rest of Asia-Pacific
7.4 South America
7.4.1 Brazil
7.4.2 Argentina
7.4.3 Rest of South America
7.5 Middle-East & Africa
7.5.1 Saudi Arabia
7.5.2 South Africa
7.5.3 Rest of Middle East & Africa

8. COMPETITIVE LANDSCAPE
8.1 Introduction
8.2 Market Share Analysis

9. COMPANY PROFILES
9.1 Da-Jiang Innovation Science & Technology Co. Ltd
9.2 Aerovironment
9.3 BAE Systems Plc
9.4 CybAero AB
9.5 Elbit Systems
9.6 General Atomics
9.7 Parrot
9.8 Israel Aerospace Industries (IAI)
9.9 Thales SA
9.10 Airbus
9.11 Microdrones
9.12 Boeing

10. FUTURE MARKET OUTLOOK

11. DISCLAIMER
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  • Da-Jiang Innovation Science & Technology Co. Ltd
  • Aerovironment
  • BAE Systems Plc
  • CybAero AB
  • Elbit Systems
  • General Atomics
  • Parrot
  • Israel Aerospace Industries (IAI)
  • Thales SA
  • Airbus
  • Microdrones
  • Boeing
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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