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Asia-Pacific UAV Propulsion System Market - Analysis and Forecast, 2023-2033

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    Report

  • 129 Pages
  • November 2023
  • Region: Asia Pacific
  • BIS Research
  • ID: 5898134
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UAVs have expanded to include a range of modules, such as sensors, cameras, and light detection and ranging (LiDAR), increasing their usefulness in both the commercial and civil sectors

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The Asia-Pacific UAV propulsion system market is projected to reach $ 2.15 billion by 2033 from $ 1.67 billion in 2022, growing at a CAGR of 2.35% during the forecast period 2023-2033.

The market for UAV propulsion systems in Asia-Pacific is anticipated to increase significantly, primarily due to applications in the defense and government sectors. The substantial financial investment required to develop propulsion systems explains this. Nonetheless, there is a significant chance for growth in commercial applications during the anticipated period of time. This expansion is driven by the increased demand for UAVs across many commercial businesses, which has prompted investments in state-of-the-art propulsion systems.

Market Introduction

Since its invention in the early 19th century, unmanned aerial vehicles (UAVs) have been the subject of significant worldwide research and development initiatives. The market for UAVs was first dominated by military uses. But as science and technology have progressed, UAVs have expanded to include a range of modules, such as sensors, cameras, and light detection and ranging (LiDAR), increasing their usefulness in both the commercial and civil sectors.

These developments have forced industry participants to emphasize UAV propulsion system development while also increasing UAV manufacturing. UAVs can benefit from conventional fuel propulsion systems' large cargo capacity, long flight times, wide operational range, and quick resupply. However, there are still issues facing the aviation industry due to the limited supply of fossil fuels and growing worries about their effects on the environment.

As a result of funding from UAV manufacturers, research and development efforts have increased dramatically, concentrating on solar-powered and hybrid/all-electric UAVs. For those involved in the market, these advances offer profitable prospects. The market's expansion is nevertheless constrained by things like governmental laws and the high cost of production.

A rise in commercial applications has also led to growth in the apac market for UAV propulsion systems. In an effort to attract more clients, private enterprises are expanding the range of UAV services they offer by implementing cutting-edge and effective propulsion technologies. Research institutes are a noteworthy user sector that contributes significantly to the growth of the market by actively participating in the design, development, and testing of the newest UAVs and related propulsion systems.

Because of these benefits, businesses are constantly trying to innovate their offerings. They are working with UAV makers and service providers to test and develop propulsion systems, which is creating a dynamic environment of advancement and potential in the industry.

Market Segmentation:

Segmentation 1: by UAV Type

  • Small UAVs
  • Mini UAVs
  • Micro UAVs
  • Tactical UAVs
  • Medium-Altitude Long-Endurance (MALE)
  • High-Altitude Long-Endurance (HALE)
  • Vertical Take-off and Landing (VTOL)

Segmentation 2: by End User

  • Commercial
  • Military
  • Civil government

Segmentation 3: by Engine Horsepower

  • 10-50 HP
  • 51-100 HP
  • 101-150 HP
  • 151-200 HP
  • Above 200 HP

Segmentation 4: by Engine Type

  • Piston Engine
  • Turbine Engine
  • Turbofan Engine
  • Electrically Powered Engine
  • Wankel Engine
  • Solar-Powered Engine

Segmentation 5: by Region

  • Asia-Pacific - China, India, Japan, and Rest-of-Asia-Pacific

Key Drivers for Asia Pacific UAV Propulsion System Market

The growing need for UAVs for military applications and the region's growing defense and security requirements are the main factors driving the Asia-Pacific (APAC) UAV propulsion system market. Simultaneously, the growing array of industrial uses, including aerial photography, infrastructure inspection, and agricultural, is encouraging the uptake of sophisticated propulsion systems. Innovation is being fueled by technological breakthroughs, especially in eco-friendly and more efficient engines, and the rise of the UAV sector is being supported by government programs and regulations. Research & development expenditures along with technology partnerships are driving the creation of innovative propulsion systems specifically suited to the APAC market. Moreover, the development of propulsion systems appropriate for a broad range of space-related applications is being aided by the APAC region's interest in satellite deployment and space exploration.

How can this report add value to an organization?

Product/Innovation Strategy: The service segment helps the reader understand the different end users that will generate the demand for UAV propulsion systems in APAC. Moreover, the study provides the reader with a detailed understanding of the different UAV propulsion systems based on UAV type (small UAVs, tactical UAVs, MALE, HALE, and VTOL), end user (commercial, military, and civil government), engine horsepower (10-50 HP, 51-100 HP, 101-150 HP, 151-200 HP, and Above 200 HP), and engine type (piston engine, turbine engine, turbofan, Wankel engine, electrically powered engine, and solar-powered engine).

Growth/Marketing Strategy: Key competitors in the market have made significant developments in the Asia-Pacific (APAC) UAV propulsion system market through company expansion initiatives, contracts, product launches, mergers, partnerships, collaborations, and joint ventures. The companies have committed to strengthen their position in the APAC UAV propulsion systems market, which is their preferred strategy.

Competitive Strategy: Key players in the Asia Pacific UAV propulsion systems market analyzed and profiled in the study involve UAV propulsion system manufacturers. Moreover, a detailed competitive benchmarking of the players operating in the Asia Pacific UAV propulsion system market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.


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Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 UAV Propulsion System Market: Overview
1.1.2 Migration of UAV Operations from Electric to IC Engine Solutions
1.1.3 Emerging Technology Trends Related to IC Engines for UAV
1.1.4 Key UAV Use-Cases Compatible with IC Engine Solutions
1.1.5 Comparative Assessment of Key IC Engines Deployed in UAV
1.1.6 Ongoing and Upcoming programs for UAV Propulsion Systems
1.1.7 Key Supplier for UAV Propulsion System
1.1.8 Start-Ups and Investment Landscape
1.1.9 Supply Chain Analysis
2 Region
2.1 Global UAV Propulsion System Market (by Region)
2.2 Asia-Pacific
2.2.1 Markets
2.2.1.1 Key Players in Asia-Pacific
2.2.1.2 Business Drivers
2.2.1.3 Business Challenges
2.2.2 Application
2.2.2.1 Asia-Pacific UAV Propulsion System Market (by UAV Type), Volume and Value
2.2.2.2 Asia-Pacific UAV Propulsion System Market (by End User), Volume and Value
2.2.3 Product
2.2.3.1 Asia-Pacific UAV Propulsion System Market (by Engine Horsepower), Volume and Value
2.2.3.2 Asia-Pacific UAV Propulsion System Market (by Engine Type), Volume and Value
2.2.4 Asia-Pacific (by Country)
2.2.4.1 China
2.2.4.1.1 Markets
2.2.4.1.1.1 Key Players in China
2.2.4.1.2 Application
2.2.4.1.2.1 China UAV Propulsion System Market (by UAV Type), Volume and Value
2.2.4.1.2.2 China UAV Propulsion System Market (by End User), Volume and Value
2.2.4.1.3 Product
2.2.4.1.3.1 China UAV Propulsion System Market (by Engine Horsepower), Volume and Value
2.2.4.1.3.2 China UAV Propulsion System Market (by Engine Type), Volume and Value
2.2.4.2 India
2.2.4.2.1 Markets
2.2.4.2.1.1 Key Players in India
2.2.4.2.2 Application
2.2.4.2.2.1 India UAV Propulsion System Market (by UAV Type), Volume and Value
2.2.4.2.2.2 India UAV Propulsion System Market (by End User), Volume and Value
2.2.4.2.3 Product
2.2.4.2.3.1 India UAV Propulsion System Market (by Engine Horsepower), Volume and Value
2.2.4.2.3.2 India UAV Propulsion System Market (by Engine Type), Volume and Value
2.2.4.3 Japan
2.2.4.3.1 Markets
2.2.4.3.1.1 Key Players in Japan
2.2.4.3.2 Application
2.2.4.3.2.1 Japan UAV Propulsion System Market (by UAV Type), Volume and Value
2.2.4.3.2.2 Japan UAV Propulsion System Market (by End User), Volume and Value
2.2.4.3.3 Product
2.2.4.3.3.1 Japan UAV Propulsion System Market (by Engine Horsepower), Volume and Value
2.2.4.3.3.2 Japan UAV Propulsion System Market (by Engine Type), Volume and Value
2.2.4.4 Rest-of-Asia-Pacific
2.2.4.4.1 Markets
2.2.4.4.1.1 Key Players in Rest-of-Asia-Pacific
2.2.4.4.2 Application
2.2.4.4.2.1 Rest-of-Asia-Pacific UAV Propulsion System Market (by UAV Type), Volume and Value
2.2.4.4.2.2 Rest-of-Asia-Pacific UAV Propulsion System Market (by End User), Volume and Value
2.2.4.4.3 Product
2.2.4.4.3.1 Rest-of-Asia-Pacific UAV Propulsion System Market (by Engine Horsepower), Volume and Value
2.2.4.4.3.2 Rest-of-Asia-Pacific UAV Propulsion System Market (by Engine Type), Volume and Value
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Market Share Analysis
3.2 Gemini Diesel (Superior Aviation Group)
3.2.1 Company Overview
3.2.1.1 Role of Gemini Diesel (Superior Aviation Group) in the Global UAV Propulsion System Market
3.2.1.2 Product Portfolio
3.2.2 Corporate Strategies
3.2.2.1 Partnerships, Collaborations, Agreements, Contracts, Mergers and Acquisitions
3.2.3 Analyst View
3.3 PBS India (Part of PBS Aerospace)
3.3.1 Company Overview
3.3.1.1 Role of PBS India (Part of PBS Aerospace) in the Global UAV Propulsion System Market
3.3.1.2 Product Portfolio
3.3.2 Business Strategies
3.3.2.1 New Product Developments and Fundings
3.3.3 Analyst View
3.3.4 Sample Company
3.3.4.1 Overview
3.3.4.2 Top Products / Product Portfolio
3.3.4.3 Top Competitors
3.3.4.4 Target Customers
3.3.4.5 Key Personnel
3.3.4.6 Analyst View
3.3.4.7 Market Share
3.3.5 Sample Company
3.3.5.1 Overview
3.3.5.2 Top Products / Product Portfolio
3.3.5.3 Top Competitors
3.3.5.4 Target Customers
3.3.5.5 Key Personnel
3.3.5.6 Analyst View
3.3.5.7 Market Share
3.3.6 Sample Company
3.3.6.1 Overview
3.3.6.2 Top Products / Product Portfolio
3.3.6.3 Top Competitors
3.3.6.4 Target Customers
3.3.6.5 Key Personnel
3.3.6.6 Analyst View
3.3.6.7 Market Share
3.3.7 Sample Company
3.3.7.1 Overview
3.3.7.2 Top Products / Product Portfolio
3.3.7.3 Top Competitors
3.3.7.4 Target Customers
3.3.7.5 Key Personnel
3.3.7.6 Analyst View
3.3.7.7 Market Share
3.3.8 Sample Company
3.3.8.1 Overview
3.3.8.2 Top Products / Product Portfolio
3.3.8.3 Top Competitors
3.3.8.4 Target Customers
3.3.8.5 Key Personnel
3.3.8.6 Analyst View
3.3.8.7 Market Share
3.3.9 Sample Company
3.3.9.1 Overview
3.3.9.2 Top Products / Product Portfolio
3.3.9.3 Top Competitors
3.3.9.4 Target Customers
3.3.9.5 Key Personnel
3.3.9.6 Analyst View
3.3.9.7 Market Share
3.3.10 Sample Company
3.3.10.1 Overview
3.3.10.2 Top Products / Product Portfolio
3.3.10.3 Top Competitors
3.3.10.4 Target Customers
3.3.10.5 Key Personnel
3.3.10.6 Analyst View
3.3.10.7 Market Share
3.3.11 Sample Company
3.3.11.1 Overview
3.3.11.2 Top Products / Product Portfolio
3.3.11.3 Top Competitors
3.3.11.4 Target Customers
3.3.11.5 Key Personnel
3.3.11.6 Analyst View
3.3.11.7 Market Share
3.3.12 Sample Company
3.3.12.1 Overview
3.3.12.2 Top Products / Product Portfolio
3.3.12.3 Top Competitors
3.3.12.4 Target Customers
3.3.12.5 Key Personnel
3.3.12.6 Analyst View
3.3.12.7 Market Share
4 Growth Opportunities and Recommendation
4.1 Growth Opportunities
4.1.1 Transition from Electric to IC Engine Propulsion
4.1.1.1 Growth Opportunity 1: Development of Smaller IC Engines
4.1.1.2 Recommendations for UAV Propulsion System Manufacturers
4.1.1.3 Recommendations for UAV Manufacturers
4.1.2 Development of Cost-Effective Manufacturing Techniques
4.1.2.1 Growth Opportunity 2: Metal 3D Printing of Engine and Associated Components
4.1.2.2 Recommendations for UAV Propulsion System Manufacturers
4.1.2.3 Recommendations for UAV Manufacturers
5 Research Methodology
5.1 Factors for Data Prediction and Modeling
List of Figures
Figure 1: Asia-Pacific (APAC) UAV Propulsion System Market, Units, 2022-2033
Figure 2: Asia-Pacific (APAC) UAV Propulsion System Market, $Billion, 2022-2033
Figure 3: Asia-Pacific (APAC) UAV Propulsion System Market (by UAV Type), Units, 2023 and 2033
Figure 4: Asia-Pacific (APAC) UAV Propulsion System Market (by UAV Type), $Million, 2023 and 2033
Figure 5: Asia-Pacific (APAC) UAV Propulsion System Market (by End User), Units, 2023 and 2033
Figure 6: Asia-Pacific (APAC) UAV Propulsion System Market (by End User), $Million, 2023 and 2033
Figure 7: Asia-Pacific (APAC) UAV Propulsion System Market (by Engine Horsepower), Units, 2023 and 2033
Figure 8: Asia-Pacific (APAC) UAV Propulsion System Market (by Engine Horsepower), $Million, 2023 and 2033
Figure 9: Asia-Pacific (APAC) UAV Propulsion System Market (by Engine Type), Units, 2023 and 2033
Figure 10: Asia-Pacific (APAC) UAV Propulsion System Market (by Engine Type), $Million, 2023 and 2033
Figure 11: UAV Propulsion System Market (by Region), $Billion, 2023
Figure 12: Supply Chain Analysis of the Global UAV Propulsion System Market
Figure 13: Supply Chain Analysis: Procurement of Raw Materials
Figure 14: Supply Chain Analysis: End Users
Figure 15: Global UAV Propulsion System Market Share (by Company), $Million, 2022
Figure 16: Research Methodology
Figure 17: Bottom-Up Approach
Figure 18: Assumptions and Limitations
List of Tables
Table 1: Illustrative Examples of Key UAV Use-Cases Compatible with IC Engine Solutions
Table 2: Comparative Assessment of Various IC Engines Deployed in UAVs
Table 3: Comparative Assessment of Various IC Engines deployed in UAVs on the Basis of Technical Parameters
Table 4: Details on Ongoing and Upcoming Programs for UAV propulsion system- Contracts, Investments, and Other Developments
Table 5: List of Key Suppliers Operating in the UAV Propulsion System Market
Table 6: Start-ups and Investment Landscape: Investments, Collaborations, Agreements, and Other Developments
Table 7: Global UAV Propulsion System Market (by Region), Units, 2022-2033
Table 8: Global UAV Propulsion System Market (by Region), $Million, 2022-2033
Table 9: Asia-Pacific UAV Propulsion System Market (by UAV Type), Units, 2022-2033
Table 10: Asia-Pacific UAV Propulsion System Market (by UAV Type), $Million, 2022-2033
Table 11: Asia-Pacific UAV Propulsion System Market (by End User), Units, 2022-2033
Table 12: Asia-Pacific UAV Propulsion System Market (by End User), $Million, 2022-2033
Table 13: Asia-Pacific UAV Propulsion System Market (by Commercial End User), Units, 2022-2033
Table 14: Asia-Pacific UAV Propulsion System Market (by Commercial End User), $Million, 2022-2033
Table 15: Asia-Pacific UAV Propulsion System Market (by Military End User), Units, 2022-2033
Table 16: Asia-Pacific UAV Propulsion System Market (by Military End User), $Million, 2022-2033
Table 17: Asia-Pacific UAV Propulsion System Market (by Civil Government End User), Units, 2022-2033
Table 18: Asia-Pacific UAV Propulsion System Market (by Civil Government End User), $Million, 2022-2033
Table 19: Asia-Pacific UAV Propulsion System Market (by Engine Horsepower), Units, 2022-2033
Table 20: Asia-Pacific UAV Propulsion System Market (by Engine Horsepower), $Million, 2022-2033
Table 21: Asia-Pacific UAV Propulsion System Market (by Engine Type), Units, 2022-2033
Table 22: Asia-Pacific UAV Propulsion System Market (by Engine Type), $Million, 2022-2033
Table 23: China UAV Propulsion System Market (by UAV Type), Units, 2022-2033
Table 24: China UAV Propulsion System Market (by UAV Type), $Million, 2022-2033
Table 25: China UAV Propulsion System Market (by End User), Units, 2022-2033
Table 26: China UAV Propulsion System Market (by End User), $Million, 2022-2033
Table 27: China UAV Propulsion System Market (by Commercial End user), Units, 2022-2033
Table 28: China UAV Propulsion System Market (by Commercial End User), $Million, 2022-2033
Table 29: China UAV Propulsion System Market (by Military End User), Units, 2022-2033
Table 30: China UAV Propulsion System Market (by Military End User), $Million, 2022-2033
Table 31: China UAV Propulsion System Market (by Civil Government End User), Units, 2022-2033
Table 32: China UAV Propulsion System Market (by Civil Government End User), $Million, 2022-2033
Table 33: China UAV Propulsion System Market (by Engine Horsepower), Units, 2022-2033
Table 34: China UAV Propulsion System Market (by Engine Horsepower), $Million, 2022-2033
Table 35: China UAV Propulsion System Market (by Engine Type), Units, 2022-2033
Table 36: China UAV Propulsion System Market (by Engine Type), $Million, 2022-2033
Table 37: India UAV Propulsion System Market (by UAV Type), Units, 2022-2033
Table 38: India UAV Propulsion System Market (by UAV Type), $Million, 2022-2033
Table 39: India UAV Propulsion System Market (by End User), Units, 2022-2033
Table 40: India UAV Propulsion System Market (by End User), $Million,2022-2033
Table 41: India UAV Propulsion System Market (by Commercial End user), Units, 2022-2033
Table 42: India UAV Propulsion System Market (by Commercial End User), $Million, 2022-2033
Table 43: India UAV Propulsion System Market (by Military End User), Units, 2022-2033
Table 44: India UAV Propulsion System Market (by Military End User), $Million, 2022-2033
Table 45: India UAV Propulsion System Market (by Civil Government End User), Units, 2022-2033
Table 46: India UAV Propulsion System Market (by Civil Government End User), $Million, 2022-2033
Table 47: India UAV Propulsion System Market (by Engine Horsepower), Units, 2022-2033
Table 48: India UAV Propulsion System Market (by Engine Horsepower), $Million, 2022-2033
Table 49: India UAV Propulsion System Market (by Engine Type), Units, 2022-2033
Table 50: India UAV Propulsion System Market (by Engine Type), $Million, 2022-2033
Table 51: Japan UAV Propulsion System Market (by UAV Type), Units, 2022-2033
Table 52: Japan UAV Propulsion System Market (by UAV Type), $Million, 2022-2033
Table 53: Japan UAV Propulsion System Market (by End User), Units, 2022-2033
Table 54: Japan UAV Propulsion System Market (by End User), $Million, 2022-2033
Table 55: Japan UAV Propulsion System Market (by Commercial End User), Units, 2022-2033
Table 56: Japan UAV Propulsion System Market (by Commercial End User), $Million, 2022-2033
Table 57: Japan UAV Propulsion System Market (by Military End User), Units, 2022-2033
Table 58: Japan UAV Propulsion System Market (by Military End User), $Million, 2022-2033
Table 59: Japan UAV Propulsion System Market (by Civil Government End User), Units, 2022-2033
Table 60: Japan UAV Propulsion System Market (by Civil Government End User), $Million, 2022-2033
Table 61: Japan UAV Propulsion System Market (by Engine Horsepower), Units, 2022-2033
Table 62: Japan UAV Propulsion System Market (by Engine Horsepower), $Million, 2022-2033
Table 63: Japan UAV Propulsion System Market (by Engine Type), Units, 2022-2033
Table 64: Japan UAV Propulsion System Market (by Engine Type), $Million, 2022-2033
Table 65: Rest-of-Asia-Pacific UAV Propulsion System Market (by UAV Type), Units, 2022-2033
Table 66: Rest-of-Asia-Pacific UAV Propulsion System Market (by UAV Type), $Million, 2022-2033
Table 67: Rest-of-Asia-Pacific UAV Propulsion System Market (by End User), Units, 2022-2033
Table 68: Rest-of-Asia-Pacific UAV Propulsion System Market (by End User), $Million, 2022-2033
Table 69: Rest-of-Asia-Pacific UAV Propulsion System Market (by Commercial End User), Units, 2022-2033
Table 70: Rest-of-Asia-Pacific UAV Propulsion System Market (by Commercial End User), $Million, 2022-2033
Table 71: Rest-of-Asia-Pacific UAV Propulsion System Market (by Military End User), Units, 2022-2033
Table 72: Rest-of-Asia-Pacific UAV Propulsion System Market (by Military End User), $Million, 2022-2033
Table 73: Rest-of-Asia-Pacific UAV Propulsion System Market (by Civil Government End User), Units, 2022-2033
Table 74: Rest-of-Asia-Pacific UAV Propulsion System Market (by Civil Government End User), $Million,2022-2033
Table 75: Rest-of-Asia-Pacific UAV Propulsion System Market (by Engine Horsepower), Units, 2022-2033
Table 76: Rest-of-Asia-Pacific UAV Propulsion System Market (by Engine Horsepower), $Million, 2022-2033
Table 77: Rest-of-Asia-Pacific UAV Propulsion System Market (by Engine Type), Units, 2022-2033
Table 78: Rest-of-Asia-Pacific UAV Propulsion System Market (by Engine Type), $Million, 2022-2033
Table 79: Gemini Diesel (Superior Aviation Group): Product Portfolio
Table 80: Gemini Diesel (Superior Aviation Group): Partnerships, Collaborations, Agreements, Contracts, Mergers and Acquisitions
Table 81: PBS India (Part of PBS Aerospace): Product Portfolio
Table 82: PBS India (Part of PBS Aerospace): New Product Developments and Fundings

Executive Summary

According to the latest market intelligence report, the UAV Propulsion System market is expected to reach from $ 1.67 billion to $ 2.15 billion for the APAC region. The market is set to grow at CAGR of 2.35% during the forecast period 2023-2033.

The Unmanned Aerial Vehicle (UAV) propulsion system market within the Asia-Pacific region is witnessing steady growth, propelled by technological innovations and cost-efficient production facilities. This technological influx is facilitating collaborations between international propulsion system manufacturers and local distributors.

The UAV Propulsions System market

The APAC UAV Propulsion Systems Market is driven by abundant resources and a significant labor pool, making it a viable hub for producing UAV propulsion systems and their elements for diverse UAV uses cost-effectively. The rise in drone start-ups has prompted numerous key global propulsion system manufacturers to turn their attention to the Asia-Pacific zone, broadening their reach through supply pacts with local distributors.

The market though limited by stringent government regulations and slow progress of associated civil applications, the military and commercial sectors are experiencing a heightened demand. This is bolstered further by extensive military UAV acquisitions and favorable governmental programs. Hence, a steady growth in the UAV propulsion system market within the Asia-Pacific realm is anticipated in the forthcoming years.

USPs of the report

  • Analysis of business drivers and challenges of the APAC UAV Propulsions System market
  • Dedicated section discussing market opportunities
  • Detailed analysis of UAV Propulsions System market for China, India, and Japan

Analyst perspective on APAC UAV Propulsions system market

According to the Principal Analyst, the deployment of unmanned aerial systems is growing across various applications. Owing to the growing need for long-duration and long-distance missions, drones with IC engines are being preferred over the ones with electric propulsion. This is also driving 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 moving forward. The drone manufacturers will remain critical in deciding which platforms are available across electric and IC engine variants.

Key Questions Answered in the Report

  • What are the key drivers and challenges in the APAC UAV propulsion systems market?
  • What are the key business opportunities in the APAC UAV propulsion systems market?
  • What kinds of new strategies are being adopted by the existing APAC UAV propulsion systems market players to strengthen their market position in the industry?
  • For a new company looking to enter the APAC UAV propulsion systems market, which areas could it focus on to stay ahead of the competition?
  • What is the market growth forecast of UAV Type, different end Users, engine horsepower, and Engine Type?

Companies Mentioned

  • Gemini Diesel (Superior Aviation Group)
  • PBS India (Part of PBS Aerospace)

Table Information

Report AttributeDetails
No. of Pages129
PublishedNovember 2023
Forecast Period2023 - 2033
Estimated Market Value ( USD ) in 2023 $ 1.7 Billion
Forecasted Market Value ( USD ) by 2033 $ 2.15 Billion
Compound Annual Growth Rate2.3%
Regions CoveredAsia Pacific
No. of Companies Mentioned2

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About the UAV Propulsion System Market

The UAV Propulsion System market is a key component of the Unmanned Aerial Vehicles (UAVs) - Drones industry. UAV propulsion systems are responsible for providing the thrust necessary for the drone to move through the air. These systems typically consist of an engine, propeller, and fuel system. The engine is the main power source, while the propeller converts the engine's power into thrust. The fuel system is responsible for providing the necessary fuel to the engine. UAV propulsion systems are typically designed to be lightweight and efficient, allowing for longer flight times and greater maneuverability. Additionally, they must be reliable and durable, as they are exposed to a variety of environmental conditions. As the UAV industry continues to grow, the demand for more efficient and reliable propulsion systems is increasing. Some of the major companies in the UAV Propulsion System market include AeroVironment, Inc., BAE Systems, Boeing, Lockheed Martin, Northrop Grumman, and Safran. These companies are all involved in the development and production of UAV propulsion systems, as well as other components of UAVs. Show Less Read more

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