APAC UAV Propulsion System Market is Registering a 2.35% CAGR- BIS Research

Dec 26, 2023 6:00 PM ET

The increasing deployment of UAVs across diverse commercial industries has spurred investments in advanced propulsion systems, reflecting a shifting landscape. Commercial applications are expected to play a pivotal role in shaping the trajectory of the Asia-Pacific UAV propulsion system market. The Asia-Pacific UAV propulsion system market is anticipated to experience growth, reaching USD 2157 million by 2033 from its 2022 valuation of USD 1672 million, with a projected CAGR of 2.35% during 2023-2033.

Market Analysis: Trends, Data, and Growth Projections

Enhanced production needs drive the focus on UAV propulsion system development. Technology advancements have expanded UAV functionalities with modules like sensors and cameras, making them vital in civil and commercial sectors.

BIS Research, a leading market research firm, has released a report titled- APAC UAV Propulsion Systems Market, which discusses the challenges, growth factors, and future opportunities driving the remarkable growth of the APAC UAV propulsion systems market.

Key Players and Market Segments

Some major companies operating in the global APAC UAV propulsion systems market are:

PBS India
Rolls Royce PLC
Pratt & Whitney
GEMINI DIESEL (Superior Air Parts Inc.)
Yamaha Motor Co., Ltd.
Xiamen Limbach Aircraft Engine Co., Ltd
Yamanouchi Seisakusho Co., Ltd.

The Asia-Pacific UAV propulsion system market is segmented by UAV type, including Small UAVs (Mini and Micro UAVs), Tactical UAVs, MALE, HALE, and VTOL. End users are categorized as Commercial, Military, and Civil Government. Engine horsepower segmentation ranges from 10-50 HP to above 200 HP. Engine types include Piston, Turbine, Turbofan, Electrically Powered, Wankel, and Solar-Powered. Geographically, the market is divided into Asia-Pacific regions, specifically China, India, Japan, and the rest of Asia-Pacific.

Market Drivers, Challenges, and Opportunities

The Asia-Pacific UAV propulsion system market is driven by abundant resources and a large labor force, enabling cost-effective manufacturing of UAV propulsion systems and components. The rise of drone startups has attracted key international propulsion system manufacturers to expand their regional presence through supply agreements with local distributors. Increasing demand from military and commercial sectors, supported by large military UAV procurement and government initiatives, fuels the market’s growth.

However, the market faces challenges, including stringent government regulations and limited infrastructural capabilities. Some countries in the region allocate lower military budgets for UAV development, hindering exploration and research activities. Slow progress in civil applications and little active drone involvement in law enforcement, border patrolling, and transportation pose additional challenges in the Asia-Pacific UAV propulsion system market.

Related Reports

UAV Propulsion Systems Market

Unmanned Aerial Vehicle (UAV) Market

Analyst Note

BIS principal analyst suggests: “Owing to the growing need for long-duration and long-distance missions, drones with IC engines are preferred over the ones with electric propulsion. This also drives the migration of drone platforms to IC engines from existing electric-based propulsion systems. The need for IC engines for drone platforms is growing as a consequence. With many types of drones being developed for different use cases, the demand for electric and IC engine-based propulsion capabilities will grow. The drone manufacturers will remain critical in deciding which platforms are available across electric and IC engine variants.”

About BIS Research

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