[PDF] UAV propeller Industry: dimensions,shares and tradeoffs | openpr.com

Among material type segment, composite propeller segment accounted for 37.3% of the 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.

The demand for UAV is significantly increasing, owing to its wide-range of applications in defense, oil & gas, and e-commerce industries. According to the Coherent Market Insights’ analysis, UAV market accounted for the US$ 18.3 Billion in 2019 and expected to exhibit a CAGR of 13.2% over the forecast period. This growth is attributed to increasing demand for drones in the e-commerce industry. For instance, in November 2017, China-based e-commerce company, Alibaba, started delivery of products through drones. These drones have capacity to delivery 5Kg-45Kg (MTOW) packages to any remote location within stipulated period of time. Furthermore, the usage of drones for goods delivery in e-commerce industry will improve the efficiency and time-lines of delivery process.

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1. What is the Industry size of UAV Propellers in 2022?
- The global market for UAV propellers is expected to reach US$ 479.5 Million by 2022.

2. What is the Compound Annual Growth Rate (CAGR) of the UAV propellers industry during the forecast period (2020-2027)?
- The global UAV propellers market is expected to exhibit a CAGR of 13.2% during the forecast period.

3. Which segment among material type held the largest share in the global UAV propellers industry?
- Composite propellers segment held the largest share among material type segment contributing 31.8% in terms of value in 2019.

4. Which region held the largest industry share in the global UAV propellers market?
- North America region held the largest share in the global UAV propellers market in 2018, accounting for 43.7% share in terms of value.

5. Who are the key players operating in the global UAV propellers market?
- Major players operating in the global UAV propellers industry 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.

Key Trends and Analysis of the Global UAV Propellers Market:

North America held the dominant position in the global UAV propellers market in 2019, and is expected to retain its dominance throughout the forecast period. This is owing to increasing popularity of UAV due to drone racing events. For instance, in December 2019, Lockheed Martin Corporation hosted an Artificial Intelligence Robotic Racing (AIRR) Circuit race for UAV in Austin, Texas.

Asia Pacific is expected to witness significant growth over the forecast period. This is owing to increasing demand for UAVs in the region for application in the defense sector. For instance, in October 2018 China's Chengdu Aircraft Industrial Group sold 48 military drones to Pakistan Aeronautical Complex Kamra, a defense contractor in Pakistan.

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