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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Unmanned Aerial Vehicles are human operated drones. UAV have wide range of applications in healthcare, e-commerce, food, retail, and defense industries. In UAV, propellers acts as one of the most primary component, which converts rotational energy into thrust to drive the UAV take-off operation effectively. Furthermore, UAV propellers are designed and developed using wood or composite material. However, UAV propellers made from composite materials generate less noise and vibrations compared to wood propellers. Composite Propellers are more efficient to work under mission-critical military applications.

Global UAV propellers market is expected to witness significant growth during the forecast period (2020–2027). The market growth is majorly attributed to increasing adoption of UAV in the oil and gas industry. Automated drones are used for surveillance and inspection of infrastructure and pipeline in the oil and gas industry. For instance, Sinopec Group, one of the largest producer of oil in the world, used micro drones for inspection of a 6,000 km oil pipeline in southern China in September 2019.  Moreover, drones also have wide application in mining industry such as to generate point clouds, digital surface models, and digital terrain models of a mining site. Therefore, increasing demand for UAV is expected to aid in growth of the UAV propellers markets during the forecast period. For instance, according to Coherent Market Insights’ analysis, key players in the mining industry such as Rio Tinto, Vale, BHP, Anglo American, and Barrick Gold are using UAV from the last 4-5 years. According to the news release of BHP in August 2019, BHP reduced the surveillance cost by US$ 5 Million per year by switching to drones from traditional methods. Owing to reduced surveillance cost many SME’s in the mining industry are also expected to shift to UAV from traditional surveillance methods in the coming years.

Countries such as the U.S. have set rules and regulations for use of drones. For instance, operators should register the done with the U.S. Government and drone must weigh less than 55 lbs. Such rules and regulations are restraining growth of the market. Moreover, initial high cost of drones is also restraining factor. The cost of drones starts from US$ 300 and can go up to US$ 5,000.

Statistics:

North America held dominant position in the global UAV propellers market in 2019, accounting for 43.7% share in terms of value, followed by Europe and Asia Pacific, respectively.

Figure 1: Global UAV Propellers Market Share (%), By Region, 2019

UAV Propellers  | Coherent Market Insights

Increasing demand for UAV in countries such as the U.S. for military applications is expected to drive the UAV propellers market growth positively in the North America region.

North America held a dominant position in the global UAV propellers market in 2019, and is expected to retain its dominance over the forecast period. This is attributed to increasing demand for UAVs for application in the defense sector. For instance, U.S. Navy signed an agreement for US$ 805 Million with Boeing for MQ-25, an aerial refueling drone. Boeing is a Chicago-based aerospace company. The MQ-25 can refuel combat jets such as Boeing F/A-18 Super Hornet, Boeing EA-18G Growler, and Lockheed Martin F-35C aircraft.

Asia Pacific region is expected to show highest growth during the forecast period. This is owing to increasing expenditure on UAV by the China and Indian governments. For instance, according to the Ministry of Defense of India, the U.S. is discussing a US$ 2 billion deal with India for Unmanned Aerial Vehicle since January 2020. This is expected to aid in growth of the market.

Major players operating in the global UAV propellers market include 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

Surge in demand for composite propellers for military and spy drones is expected to drive the UAV propellers market during the forecast period

Among material type segment, composite propeller segment accounted for 37.3% of the market share in 2019. Moreover, carbon fiber is expected to be the fastest growing segment exhibiting the highest CAGR of around 21.3% during the forecast period.

Composite propellers have advantages such as shorter take off distance, increased cruise speed and less noise & vibrations. Composite drones generates less noise and vibrations due to which they are widely used in spy drones. For instance, Northrop Grumman Corporation specially designed a spy drone XRQ-72A for the U.S. military. XRQ-72A uses hybrid electric technology with composite propellers to reduce the noise and vibration to minimum level. Wood propellers segment is expected to show highest growth during the forecast owing to its low cost and weight.

Figure 2: Global UAV Propellers Market Value (US$ Mn), 2016 - 2027

UAV Propellers  | Coherent Market Insights

The global UAV propellers market was valued at US$ 330.4 Mn in 2019 and is forecast to reach a value of US$ 891.4 Mn by 2027 at a CAGR of 13.20% between 2020 and 2027.

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.

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 in-depth analysis of global UAV propellers market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices 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 the leading  market players
  • It profiles leading players in the global UAV propellers market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include 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
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global UAV propellers market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through 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
      • By Material Type :
        • Wood Propellers
        • Carbon Fiber Propellers
        • Composite Propellers
        • Others
      • By Industry:
        • Government and Defense
        • Oil and Gas Industry
        • Mining
        • E-commerce
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Material Type :
        • Wood Propellers
        • Carbon Fiber Propellers
        • Composite Propellers
        • Others
      • By Industry:
        • Government and Defense
        • Oil and Gas Industry
        • Mining
        • E-commerce
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Material Type :
        • Wood Propellers
        • Carbon Fiber Propellers
        • Composite Propellers
        • Others
      • By Industry:
        • Government and Defense
        • Oil and Gas Industry
        • Mining
        • E-commerce
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Material Type :
        • Wood Propellers
        • Carbon Fiber Propellers
        • Composite Propellers
        • Others
      • By Industry:
        • Government and Defense
        • Oil and Gas Industry
        • Mining
        • E-commerce
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • By Material Type :
        • Wood Propellers
        • Carbon Fiber Propellers
        • Composite Propellers
        • Others
      • By Industry:
        • Government and Defense
        • Oil and Gas Industry
        • Mining
        • E-commerce
        • Others
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
  • Company Profiles
    • Cato Manufacturing Ltd
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/ Updates
    • 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.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Material Type
      • Market Snippet, By Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global UAV Propellers Market, By Material Type, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Wood Propellers
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Carbon Fiber Propellers
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Composite Propellers
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  5. Global UAV Propellers Market, By Industry, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Government and Defense
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Oil and Gas Industry
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Mining
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • E-commerce 
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global UAV Propellers Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Material Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Industry, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Material Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Industry, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Material Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Industry, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Material Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Industry, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Material Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Industry, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Israel
        • GCC Countries
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • Cato Manufacturing Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Culver Props, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Delta Electronics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Dowty Circuits Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hartzell Propeller, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • McCauley Propeller Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sensenich Propeller Service, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Others
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "UAV Propellers Market - Global forecast to 2027”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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