DUBLIN, June 9, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Unmanned Aerial Vehicles (UAV) Propulsion Market, Analysis and Forecast, 2016-2022" report to their offering.
The UAV technology has become one of the essential constituents which comprise a country's military mission nowadays. There is an increased requirement of noise reduction UAVs amongst military forces in order to carry out surveillance missions. Thus, an effective propulsion system is required so as to meet this particular requirement.
The UAV propulsion system market has a huge growth potential due to a surge in the demand of UAVs from commercial and military applications. Various types of propulsion systems are being used in the UAVs depending on size of the aircraft.
The demand for UAVs propulsion systems is rapidly gaining pace in the aerospace and defense industry owing to the flourishing level of future demand for unmanned aerial vehicles. The rising demand from defense and commercial applications are the major factors responsible for enhancing the growth of UAV propulsion market, globally.
The UAV propulsion market is estimated to capture a market value of $2702.25 million in 2015 with gas turbine engine segment accommodating the highest share.
UAV propulsion market has a high potential for the growth in the aerospace and defense industry which majorly attributed towards the high rate of proliferation of UAVs. Besides that, the increased usage in the commercial applications such as agriculture, photography, product delivery, and oil and gas has propelled the market.
North America is expected to dominate the market in the forecast period which is followed by Asia Pacific, Europe and rest of the world. U.S. being the largest military spender; is expected to procure UAVs for its military missions, which indeed will generate demand for propulsion systems. Similarly, Asia Pacific is expected to grow at a fastest CAGR with China dominating the market in this region.
- 3W International
- Austro Engine
- Ge Aviation
- Göbler Hirthmotoren Gmbh & Co. Kg
- Honeywell International
- Pratt And Whitney
- Rolls Royce Holdings Plc.
- Rotax Aircraft Engine
- Sion Power Corp.
- UAV Engines Ltd.
Key Topics Covered:
1 Executive Summary
2 Report Scope
3 Research Methodology
4 Industry Analysis
5 Market Dynamics
6 Competitive Insights
7 UAV Propulsion Systems Market Size
8 Propulsion Market, By UAV Type/Horse Power Required
9 Propulsion Market, By Geography
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/4m8n6c/unmanned_aerial
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SOURCE Research and Markets