UAV PROPELLERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

Unmanned Aerial vehicles are also known as drones. UAV have wide application in industries such as e-commerce and oil & gas. In e-commerce industry, UAVs are used to deliver products to customers and in the oil & gas these are used for inspection of infrastructure and gas pipelines. UAV also have wide application in the military sector. These are used for surveillance and rescue missions. UAV are also used by various government bodies for mapping of the geographical area and surveillance purposes. According to Coherent Market Insights’ analysis, due to COVID-19 pandemic countries such India, China, and the U.S. are using drones for surveillance of towns and cities.

The Global UAV propellers Market is estimated to account for US$ 1268.7 Mn in terms of value by the end of 2030.

Market Dynamics

The global UAV propellers market is expected to grow significantly during the forecast period, owing to increasing demand for UAV from industries such as the oil & gas, mining, and e-commerce. In the mining industry, drones with camera are used for capturing images of the sites and using these images photometry software generates the 3D maps of mines. The photometry software also helps to determine volume of the area to be excavated from specific mine location. For instance, in August 2019, BHP Group plc, one of the giant companies in the coal industry, is using drones in Queensland, Australia coal mines for inspections, surveying, and mapping of mine.  This factors will aid in positive growth of UAV propellers market during the forecast period

In oil & gas industry, there is a significant increase in demand for UAVs, for easy infrastructure and pipeline surveillance and inspection. Drone manufacturers around the globe are collaborating with oil and gas companies to overcome the challenges faced by the UAV in aerial inspection. For instance, in September 2019, Flylogix Limited launched North Sea drone initiative in collaboration with Total S.A., UK air traffic navigation services provider-NATS, and the Oil & Gas Technology Centre (OGTC). This initiative was aimed to overcome the challenges experienced by UAV in the inspection of infrastructure in the North Sea.

Key features of the study:

• This report provides an in-depth analysis of the global UAV propellers market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global UAV propellers market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the global UAV propellers market are Cato Manufacturing Ltd, Culver Props, Inc., Delta Electronics, Inc., Dowty Circuits Limited, Hartzell Propeller, Inc., McCauley Propeller Systems, Inc., Sensenich Propeller Service, Inc., and others.
• The key market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global UAV propellers market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global UAV propellers market.

Detailed Segmentation

• Global UAV propellers Market, By Material Type:
  • Wood Propellers
  • Carbon Fiber Propellers
  • Composite Propellers
  • Others
• Global UAV propellers Market, By Industry:
  • Government and Defense
  • Oil and Gas Industry
  • Mining
  • E-commerce
  • Others
• Global UAV propellers Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Cato Manufacturing Ltd.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • Culver Props, Inc.
  • Delta Electronics, Inc.
  • Dowty Circuits Limited
  • Hartzell Propeller, Inc.
  • McCauley Propeller Systems, Inc.
  • Sensenich Propeller Service, Inc.

 “*” marked represents similar segmentation in other categories in the respective section.