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industryrecentdevelopment · 3 years ago

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Unmanned Aerial Vehicle Market Growth, Trends, Covid-19 Impact

Unmanned Aerial Vehicle Market Insights:

Unmanned aerial vehicles (UAVs) are the important components of the Unmanned Aerial System (UAS) commonly called a drone. The autonomous aircraft are well equipped with onboard computers that are remotely controlled by ground-based controllers. The aerodynamic structures are designed to perform several functions with the desired navigation system. The technology was introduced for dangerous military missions without risking human life in several military applications. Military UAVs are fully equipped with a missile for hitting specific targets which are operated at high altitudes. Also, the military-operated UAVs are modified propulsion systems using liquid hydrogen fuel for long-range operation. These are employed in enemy troop tracking, observing behavior, and other information collection.

According to this latest study, Unmanned Aerial Vehicle Market is estimated to grow at a CAGR of 13.43% globally during the forecast period 2021- 2027.

The global Unmanned Aerial Vehicle market provides qualitative and quantitative information on the growth rate, market segmentation, market size, future trends, and regional prospects. The research study represents a modern perspective aimed at securing the future potential of the Unmanned Aerial Vehicle market. This report analyzes and evaluates the latest prospects for the new retail space, as well as the general and future market performance of Covid-19. In addition, this report provides a detailed overview of competition between some industries and others.

Unmanned Aerial Vehicle Market - Size, Competitive Landscape and Segmentation Analysis:

Unmanned Aerial Vehicle Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.

Top Company Profiles Include in this Unmanned Aerial Vehicle Market report:

Boeing, PARROT, Titan Aerospace,AAI,Northrop Grumman,IAI, Dynali helicopters, BAE System, SAGEM,3DR,FED, SUKHOL, Dassault Aviation, SenseFly Ltd, Schiebel, AEE, BDStar, Shenzhen Sunshine laser & electronics technology,Wuhan Guide Infrared,DJI,Wuxi Hanhe Aviation Technology,Yamaha, ZERO TECH, PowerVision, ,Zhonghang wisdom science and technology, DEA General Aviaion

Objectives of the Study:

· To forecast the size of the market segments with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC)

· To provide detailed information regarding the major factors influencing the growth of the Unmanned Aerial Vehicle market (drivers, restraints, opportunities, and challenges)

· To analyze each submarket with respect to individual growth trends, prospects, and contribution to the total market

Segmentation Of Unmanned Aerial Vehicle Market:

In market segmentation by Type, the Unmanned Aerial Vehicle Market report covers:

Solar powered UAV,Battery powered UAV,Oil powered UAV

In market segmentation by Application the Unmanned Aerial Vehicle Market report covers:

Intelligence, Surveillance and Reconnaissance,Combat Support,Search and Rescue,Transportation,Explosive Ordnance Disposal (EOD),Surveying and Mapping,Firefighting,Traffic Management,Warehousing,Others

Market Segment by Regions and Countries Level Analysis:

· North America (U.S., Canada, Mexico)

· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)

· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

· South America (Brazil, Argentina, Rest of South America)

COVID-19 Impact Analysis

The spread of the COVID-19 pandemic has negatively impacted the global unmanned aerial vehicle (UAV) market, owing to disruption in the supply chain, tighten budgets of the end users and is expected to weaken the financial performance of the market players in 2020. It has impacted the overall economy, and contributors such as market participants are formulating strategic cost-saving plans. The major risk factors of the Unmanned aerial vehicle (UAV) market participants are regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management. Majority of the developing facilities of unmanned aerial vehicle (UAV) have been shut down during the pandemic due to commute restrictions, workforce unavailability, and supply chain disturbance. Private and commercial security industries were one of the most severely affected industries by the pandemic and observed a decline of investments initially.

#Unmanned Aerial Vehicle Market #Unmanned Aerial Vehicle Market share #Unmanned Aerial Vehicle Market size #Unmanned Aerial Vehicle Market growth

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pratikkadbane · 4 years ago

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Global Agricultural Drones Market Research Report: Information by System (Controller System, Propulsion System, Camera System, and Navigation System), Component (Hardware and Software), Application (Field Mapping, Crop Scouting, Variable Rate Application, Crop Spraying, Livestock Monitoring, and Agricultural Photography), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)—Forecast till 2025

Agricultural drones are unmanned aerial vehicles (UAV), which are used to survey farms. These drones assist in precision control over chemical and fertilizers used for the plantation of crops. The drone technology helps farmers to collect information and then store, combine, and analyze it to monitor the irrigation management. Farmers get an actual view of their fields through these drones. Agricultural drones help farmers by doing things which they are unable to perform through labor. Reduced costs of human errors and assisting farmers to react immediately to threats like drought conditions are the major drivers for the growth of agricultural drones market. These drones assist farmers in increasing their income and getting returns on investment, which is also one of the driving factors for the growth of agricultural drones in the market. The advantages of agricultural drones include quick availability of information, low-cost operations, and the ability to access the areas which are not accessible by cars and boats. The drawback of using agricultural drones is that these drones can be limited by weather conditions such as wind speed and gusts. The global agricultural drones market is estimated to register a CAGR of over 27.4% during the forecast period of 2019 to 2025. Segmentation of the Global Agricultural Drones Market On the basis of system, the market has been segmented into controller system, propulsion system, camera system, and navigation system. The propulsion system segment is the largest segment of the agricultural drones market. The segment is also expected to register a high CAGR during the forecast period. This is because a better propulsion system increases the maneuverability of the drone, which needed for appropriate monitoring of the yield. Based on component, the market has been segmented into hardware and software. The hardware segment is expected to be the largest segment in the review period. The fixed wing hardware segment of agricultural drones market show the highest growth rate as these drones can spend more time in the air. These drones are best suited for surveillance of large open spaces. These drones have more capacity to carry weight and have more sensors than any other drones. The software segment is growing at the highest CAGR due to the increasing development of the software for better data analysis. On the basis of application, the market has been segmented into field mapping, crop scouting, variable rate application, crop spraying, livestock monitoring, and agricultural photography. The field mapping is the largest segment due to the greater use of drones to achieve precision farming. The livestock monitoring application is expected to grow at a high CAGR during the forecast period. Based on the region, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latine America. North America is estimated to acquire the largest market share in agricultural drone market because of high demand for the cultivation of high-value crops such as wine grape growers. Europe is expected to be the second largest region leading due to the increasing demand for agricultural drones used in precision agriculture among arable lands. Key Players The key players in the global agricultural drones market are Aero Vironment Inc. (US), DJI (China), Parrot Drones (France), Trimble Inc. (US), Yamaha Motor Company (Japan), 3D Robotics (California), Aeryon Labs (Canada), AgEagle Aerial Systems, Inc. (US), Avular BV (Netherlands), Blue Sky Agro (India), Da-Jiang Innovations Science & Technology Corporation Ltd (China), Draganfly Innovations (Canada), DroneDeploy (US), Effidence (France), Precisionhawk (US), Resson Aerospace Corporation (Canada), and Sentera, Inc. (US). Research Methodology The market values and forecast are derived using the Market Research Future (MRFR) research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools. Secondary Research In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases. Primary Research In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information. Key Insights

Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments

Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, along with key countries in each region

Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

Technology Trends, Regulatory Landscape, and Patent Analysis Outlook

Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

Regional attractiveness and related growth opportunities

Report Customization

MRFR offers report customization to valued customers. Below are the options available for customization:

Company Profiles

In-depth profiling of additional market players (3 to 4 companies)

Country-Level Analysis

Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)

Intended Audience

Agricultural drone manufacturers

Agricultural ministry

End users

Technology investors

Government institutions

Drone analysts

Consultancy firms

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erc-marker-research-reports-blog · 7 years ago

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Drone Market Overview by Type, Product, Regions, Application and Forecast to 2016 - 2024

A drone, technically called as unmanned aerial vehicle (UAV), is an aircraft which works without any human entity present aboard. UAVs are operated by a control unit which can either be ground based or onboard. Ground based controllers are operated by a human dealt (manual) remote control system. An onboard control system is a self-controlled (autonomous) mechanism requiring minimal human assistance.

UAVs were basically invented and used for major military missions as they have the capability to execute high-risk tasks very successfully and are quite precise and accurate in dealing with national security concerns including terrorism. In contrast to the conventional usage, today, their demand is rapidly expanding in commercial fields including science, agriculture, and recreation. The emerging application areas of drones include product delivery, weed control, and others. Moreover, the rise in autonomous military requirements is driving the market. With the immense growth of commercial drones, a new set of risks has risen up because of the underdeveloped regulatory landscape in most of the countries. Moreover, the accidental cases may incur a huge financial loss as technologies used in drones are highly sophisticated.

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Drones are extensively used for aerial photography in media and entertainment industry. Aerial photography is increasingly being adopted as a carrier option (cinematography) in today’s scenario which would impact the market positively in coming years. FAA estimates that presently there are around 1.1 million drones that can be identified as distinctly hobbyist or model aircraft. An alarming demand of up gradation of crop quality and quantity has arisen. The UAV manufacturers have come up with the products like “Crop Angel”, which is at the forefront of the UAV sprayer technology. Small scale commercial business and Entrepreneurship would create space for the use of UAVs in coming years.

The segmentation of the drone market is based upon type, payload, component, application, and geography. Based on type, the drones are segmented into commercial drones and military drones. Based on payload the drone market is categorized as commercial drones which may take load up to 25 kg. Military drones can carry weights ranging from 150kg to 600 kg. Based on components the market is segmented into Camera, battery, propulsion system, sensors and navigation system. On the basis of application the drone market is categorized as commercial drones and military drones. Segmentation by geography includes North America, Europe, Asia Pacific and Rest of the World.

DRONE MARKET SEGMENTATION The market is segmented on the basis of Type, Payload, component, Application and Geography.

1 Market by Type COMMERCIAL DRONES

Fixed Wing Drone

VTOL Drones

Rotary wing drone

Nano drones

Hybrid drones

MILITARY DRONES

Small Tactical Unmanned Aircraft Systems (STUAS)

Medium Altitude Long Endurance (MALE) UAVs

High Altitude Long Endurance (HALE) UAVs

Unmanned Combat Air Systems (UCAS)

2 Market, by Payload

Commercial Drones (Up to 25 Kg)

Military Drones

o Up to 150 Kg

o Up to 600 Kg

o Above 600 Kg

3 Market, by component

Camera

Battery

Propulsion System

Sensors

Navigation System

Others (Transmitter, Range Extend

4 Market, by Application

Commercial Drones

Law Enforcement

Precision Agriculture

Media and Entertainment

Retail

Inspection and Monitoring

Surveying and Mapping

Do it Yourself (DIY) Drones

Education

Military Drones

Spying

Search and Rescue Operations

Border Security

Combat Operation

5 Market, by Geography:

North America:

o U.S.

o Canada

o Mexico

Europe:

o U.K.

o Germany

o France

o Italy

o Spain

o Rest of Europe

Asia-Pacific:

o China

o Japan

o India

o Rest of APAC

Rest of the World:

o South America

o Middle East and Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the UAV Drones market.

KEY MARKET PLAYERS:

DJI Innovations

Yuneec

Parrot

UBSAN

Blade

JJRC

Airware

Sensefly

3D robotics

INSITU

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Esticast Research & Consulting is a research firm providing research reports on various industries with a unique combination of authenticity, extensive research, and infallibility. We provide syndicated market research reports, customization services, and consulting services to help businesses across the world in achieving their goals and overcoming complex challenges. We specialize in providing 360 degree view of the markets to assist clients in determining new opportunities and develop business strategies for the future with data and statistics on changing market dynamics.

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jobsinthefuture-blog · 7 years ago

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Fast Company Review - How to get a Job with Drones (UAS) Unmanned Aircraft Systems

New Post has been published on http://jobsinthefuture.com/index.php/2017/11/04/fast-company-review-how-to-get-a-job-with-drones-uas-unmanned-aircraft-systems/

Fast Company Review - How to get a Job with Drones (UAS) Unmanned Aircraft Systems

Updated November 4, 2017

“Imagine you are the head of security for a large facility. You want to secure the premises. Rather than manually checking all of the fixed cameras or sending one of your patrolman out a drone conducts this action automatically.

Imagine you need to run an inspection on a cooling tower at a refinery. But instead of the complicated and dangerous steps needed to be taken to conduct such an inspection. A drone does this for you automatically.

Imagine that you need to measure a stockpile of resources at a mine for inventory purposes on a regular basis. Instead of the labor intensive process of manually measuring the pile with surveyors. A drone does this for you automatically.

Imagine an emergency incident at a large chemical factory. You need to know what is happening as soon as possible so you can quickly respond. Instead of sending personnel into a dangerous situation. A drone could do this for you automatically.”

Ran Krauss gave these examples at a Hello Tomorrow Talk in February 2017 as he revealed the incredible developments in automated drone deployment.

Previously drones (UASs or UAVs) have received a lot of negative feedback—due to the fear of innovation and uncertainty. But reports indicate that there will be more than 100,000 new jobs created nationally by 2025 with an economic impact of $82 billion over that period reports the NewYorkPost

Note: UAS – Unmanned Aircraft Systems. UAV – Unmanned Aircraft Vehicles.

What is Ran Krauss doing in this emerging field that will help this industry soar.

Ran has been making use of related emerging technologies to further pioneer the drone industry. You see, the multi rotor aircraft design has been around since the early 1900’s, but the ability to maximize its potential has only arisen in the past decade. The technologies Ran has been using to develop this technology are:

LiPo Batteries (Lithium Polymer Batteries)

GPS (Global Positioning System)

These advancements have pushed the drone industry to incredible new heights, but there is still a gap. What is hold the drone industry back from closing this gap?

Ran talks about the issue. The drones themselves are not quite industrial tools, but rather still made of components that land them in the hobbyist category. The drone needed to be built with industrial strength components. Also, the operators. Humans can be talented operators but we still make errors. This is a concern for the safety of those around a drone during its operation. Ran saw the need to create a drone that is 100% automated. This would remove the human error statistic and put the drones in a new industrial category.

Why are all of these developments in the drone industry so important to the future of jobs?

What Ran is doing, as well as other drone companies, combines multiple cutting edge technologies into one device that will immensely improve productivity and safety in certain industries that seem almost archaic in their operating procedures.

The current trajectory of the drone industry will require individuals with specified skill sets:

Computer Programming

Engineering

Component Development

Marketing

Robotics

Advanced Energy Solutions

etc…

What Skills Do You Need to Develop to Enter the Drone Industry?

Well, depending on what part of the drone you are interested in working on you can choose a mix of the following skill sets to develop your niche in the industry.

Coding Skills

Object oriented coding language C/C++

Robotics and Experience with Sensors

This is key to autonomous drone operation

Ai/Machine Learning

GPS Systems and tracking for autonomous operation

CAD (Computer Aided Design)

Develop the new components of drones.

Making the drones lighter, faster, stronger

Knowledge in UAV/UAS/Drone Systems

Propulsion Systems

Aerodynamics

Sensors

Fundamentals

Autonomous Systems

Engineering Skills (Mechanical, Electrical, Aerospace, etc…)

Having a solid working knowledge in at least 3 of these 6 skills will give you a great start in your career in the drone industry.

Current Job Openings in the Industry

General Atomics and Affiliated Companies: UAS Civilian Airspace Engineer

There is a growing need to operate safely and efficiently in civilian airspace. GA-ASI is working to solve the technical, regulatory, and policy challenges associated with the integration of UAS into the global aviation system.

MacAulay-Brown Inc: UAS/UAV Subject Matter Expert (glassdoor est. $80k)

Support high-visibility, independent assessments of technology and products that cover a variety of areas and systems

Zel Technologies: UAS Science and Engineering

Top Secret Clearance Required (epic!)

Provide technical recommendations to JIDO leadership in engineering development for sUAS/CUAS capabilities to reduce known and previously unrecognized capability gaps in this area and to help meet validated requirements.

Aero Vironment: Systems Engineer III (glassdoor est. $115k)

Develop a variety of power conversion devices, motor control systems and avionics from early stages of design through final testing and manufacturing support.

Educational Resources to Get Started in Pursuing a Career with Drones

C Programming Essential Training

Widely used for both systems and application development, C is a powerful language at the heart of many more modern languages, like JavaScript and Objective-C. C is a great first step for new programmers, and a way to broaden and deepen your knowledge if you’ve already programmed for a while.

Master Robotics from the University of Pennsylvania

Learn robotics fundamentals from the world renowned professors at the GRASP (General Robotics, Automation, Sensing and Perception) Laboratory, one of the top robotics research centers in the world. In this Robotics MicroMasters program, you will learn the mathematical concepts and the programming tools to design, build and program robots that solve industry-relevant, real-world problems.

Robotics: Vision Intelligence and Machine Learning

How do robots “see”, respond to and learn from their interactions with the world around them? This is the fascinating field of visual intelligence and machine learning. Visual intelligence allows a robot to “sense” and “recognize” the surrounding environment. It also enables a robot to “learn” from the memory of past experiences by extracting patterns in visual signals.

Get Training on Autodesk Fusion 360

Fusion 360 Training at Lynda Online Courses

If you are interested in the construction and efficiency development within the drone industry than building your skills in 3D object rendering is the place you want to begin. Learn how to 3D render objects to help make drones lighter, faster, and stronger.

This Course is Taught by Nick Kloski. He is the Co-Founder of HoneyPoint3D, which is a leading educational program for rapid 3D prototyping. Nick has taught more than 7,000 students between his in-person and online training courses. He is an considered an expert in his field, having been asked to conduct many interviews and articles on the subject of 3D printing and prototyping. Before launching HoneyPoint3D Nick worked for Oracle and Sun Microsystems for 16 years where he in a technical marketing role and trainer.

Aeronautical Engineering from Delft University of Technology

This course provides an overview of and introduction to the fundamentals of aeronautics, using the history of aviation as a story line. The course uses examples from the very beginning of aviation (the Montgolfier brothers’ balloon flight in 1783 and the Wright brothers’ heavier-than-air flight in 1903) and continues all the way through to the current Airbus A380 and future aircraft. During this trajectory three major topics are discussed: aeronautics, aerodynamics and flight mechanics.

The current Job market is ready for you to get started in Drone (UAS & UAV) jobs, and the future potential is even greater. Get Started now!

Stay up to date on the latest posts and resources as well and get your Copy of The Ultimate Guide to Future Proof You Career. An Invaluable resource to ensure that you are secure within the Jobs in the Future!

Click Here to Download the Ultimate Guide Now!

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amrutmnm · 4 months ago

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Market Trends in Aircraft Micro Turbine Engines: From Auxiliary Power to Primary Propulsion

The global Aircraft Micro Turbine Engines Market is projected to expand from USD 2.8 Billion in 2021 to USD 4.5 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 5.5%. This growth is largely driven by the operational advantages of micro turbine engines, such as their low operating and maintenance costs, and the introduction of new hybrid architectures in aircraft. The market is also witnessing shifts due to technological advancements, regulatory changes, and evolving consumer preferences. In this article, we will explore various aspects of this market, including market statistics, market size, market trends, industry drivers, and potential challenges.

Market Statistics and Size

Market Size:

The Aircraft Micro Turbine Engines Market is set to grow from USD 2.8 billion in 2021 to USD 4.5 billion by 2030. This represents a significant increase, driven by several factors:

Hybrid Architecture: The integration of hybrid technologies is a key driver, as it provides a bridge between traditional combustion engines and fully electric systems.

Operational Efficiency: Micro turbine engines offer low operating costs, making them an attractive option for both commercial and military applications.

Environmental Concerns: As the aviation industry faces increasing pressure to reduce emissions, micro turbines provide a more eco-friendly solution compared to traditional engines.

Geographical Insights:

Europe: Expected to lead the market in 2021, Europe is seeing a rise in demand for stealth and durable aerial vehicles for military operations. The region's focus on innovation and collaboration in UAV technology is driving growth.

North America: Known for its technological advancements, the region is focusing on reducing aircraft emissions and improving efficiency, which contributes to the market's expansion.

Asia-Pacific: Emerging as a significant player, this region is witnessing growth due to increasing investments in aerospace technology and the development of advanced air mobility solutions.

Get a Deeper Understanding of the Industry by Visiting: https://www.marketsandmarkets.com/Market-Reports/aircraft-micro-turbine-engines-market-248924999.html

Market Segmentation:

The market is segmented based on several criteria, including platform, installation, and end-use.

Platform Segmentation:

Advanced Air Mobility: This segment is expected to exhibit the fastest growth, driven by the rise in urban population and the need for efficient transport solutions.

Military UAVs: The demand for compact and efficient propulsion systems for military drones is increasing, contributing to this segment's growth.

Light Aircraft: This segment benefits from the low operating costs of micro turbine engines, making them suitable for personal and business aviation.

Installation Segmentation:

Aftermarket: Dominating the market share in 2021, the aftermarket segment focuses on replacing auxiliary power units (APUs) once their service life expires.

OEM (Original Equipment Manufacturer): This segment involves the initial installation of micro turbine engines, driven by new aircraft production.

End-Use Segmentation:

Auxiliary Power: Expected to dominate from 2021 to 2030, this segment uses micro turbines to increase onboard electric power generation and reduce emissions.

Propulsion: Micro turbines are also used for primary propulsion in small UAVs and VTOLs, offering a lightweight and efficient solution.

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Market Trends

Technological Advancements

Hybrid Electric Power Generation: The development of hybrid electric systems is transforming the aviation industry by combining traditional fuel-based power with electric propulsion. This hybrid architecture is particularly beneficial for short-range flights, where battery limitations are less restrictive.

Distributed Power Generation: As per NASA, distributed electric propulsion (DEP) technology integrates propulsion systems with the airframe, enhancing efficiency and reducing costs. This trend is gaining traction as it offers improved performance and safety.

Environmental Considerations

Emission Reduction: With global emphasis on reducing carbon footprints, micro turbine engines provide a more sustainable option compared to conventional engines.

Energy Efficiency: These engines offer higher efficiency levels, contributing to reduced fuel consumption and lower emissions.

Regulatory Changes

Stringent Emission Standards: The aviation industry faces increasing regulations to curb emissions, driving the adoption of cleaner technologies like micro turbines.

Safety Standards: Regulatory bodies are imposing strict safety standards, pushing manufacturers to enhance engine reliability and performance.

Market Opportunities

Emergence of New Battery Technologies: The development of advanced batteries, such as Sodium-ion and Zinc-air, promises to enhance the energy density and efficiency of micro turbine engines.

Innovation in VTOLs and UAVs: As urban air mobility gains momentum, micro turbines are being integrated into VTOLs and UAVs to provide reliable and efficient propulsion.

Challenges in the Market

High Operational Temperature: The need for high inlet temperatures to achieve optimal power output presents a challenge. Specialized cooling methods are required, which may hinder adoption.

Supply Chain Disruptions: The COVID-19 pandemic has highlighted vulnerabilities in global supply chains, affecting production and delivery timelines.

Technical Expertise: Designing reliable micro turbine engines that can withstand harsh environments requires significant expertise and investment.

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Industry Drivers

Demand for Efficient Power Solutions

Cost Efficiency: Micro turbine engines offer lower operating costs, making them an attractive option for airlines and private aircraft owners.

Fuel Efficiency: These engines provide better fuel efficiency, reducing overall operating costs and environmental impact.

Rising Need for Hybrid Solutions

Transition to Electric Aviation: As the aviation industry moves towards electrification, hybrid solutions like micro turbines bridge the gap between traditional engines and fully electric systems.

Increased Range and Performance: Hybrid systems enhance the range and performance of aircraft, offering a viable solution for short to medium-haul flights.

Technological Innovation

Integration with New Technologies: The integration of micro turbines with advanced technologies like distributed propulsion is driving innovation and market growth.

R&D Investments: Continuous research and development efforts are leading to more efficient and reliable micro turbine engines.

Potential Challenges

High Deployment Costs

Capital Expenditure: The high initial cost of deploying micro turbine engines can be a barrier for some operators.

Maintenance Costs: Although these engines offer low operating costs, specialized maintenance and repair can be costly.

Reliability Concerns

Operating in Harsh Environments: Ensuring the reliability of micro turbine engines in extreme conditions is a significant challenge.

Technical Expertise: Skilled operators are required to manage these engines effectively, posing a challenge in terms of workforce development.

Market Competition

Emerging Technologies: The rapid pace of technological advancement means that micro turbine engines face competition from other propulsion systems.

Established Players: The market is dominated by established players, making it difficult for new entrants to gain a foothold.

Top Key Market Players

The Aircraft Micro Turbine Engines Market is dominated by a handful of established players, mainly due to the high technical expertise required to design the high-performance components of a micro turbine engine. The Aircraft Micro Turbine Companies are dominated by globally established players such as Raytheon Technologies Corporation (US), Honeywell International Inc. (US), Kratos Defense & Security Solutions Inc. (US), Safran SA (France), and UAV Turbines Inc. (US), among others. Major focus was given to the contracts and new product development due to the changing requirements of end-user industries globally.

The Aircraft Micro Turbine Engines Market is poised for significant growth, driven by technological advancements, regulatory changes, and evolving consumer preferences. The market's expansion is supported by the increasing demand for efficient and sustainable propulsion solutions. However, challenges such as high deployment costs and reliability concerns must be addressed to fully realize the market's potential. As the aviation industry continues to evolve, micro turbine engines are set to play a crucial role in shaping the future of air travel. With continued innovation and strategic investments, the market is well-positioned to capitalize on emerging opportunities and overcome existing challenges.

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

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erc-marker-research-reports-blog · 7 years ago

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Drone Market trends, estimation & forecast, 2015 - 2024

Request Sample Copy of the Report@ https://www.esticastresearch.com/market-reports/drone-market/request-sample

DRONE MARKET SEGMENTATION

The market is segmented on the basis of Type, Payload, component, Application and Geography.

1 Market by Type

COMMERCIAL DRONES

Fixed Wing Drone

VTOL Drones

Rotary wing drone

Nano drones

Hybrid drones

MILITARY DRONES

Small Tactical Unmanned Aircraft Systems (STUAS)

Medium Altitude Long Endurance (MALE) UAVs

High Altitude Long Endurance (HALE) UAVs

Unmanned Combat Air Systems (UCAS)

2 Market, by Payload

Commercial Drones (Up to 25 Kg)

Military Drones

o Up to 150 Kg

o Up to 600 Kg

o Above 600 Kg

3 Market, by component

Camera

Battery

Propulsion System

Sensors

Navigation System

Others (Transmitter, Range Extend

4 Market, by Application

Commercial Drones

Law Enforcement

Precision Agriculture

Media and Entertainment

Retail

Inspection and Monitoring

Surveying and Mapping

Do it Yourself (DIY) Drones

Education

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Military Drones

Spying

Search and Rescue Operations

Border Security

Combat Operation

5 Market, by Geography:

North America:

o U.S.

o Canada

o Mexico

Europe:

o U.K.

o Germany

o France

o Italy

o Spain

o Rest of Europe

Asia-Pacific:

o China

o Japan

o India

o Rest of APAC

Rest of the World:

o South America

o Middle East and Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the UAV Drones market.

KEY MARKET PLAYERS:

DJI Innovations

Yuneec

Parrot

UBSAN

Blade

JJRC

Airware

Sensefly

3D robotics

INSITU

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