Global Drone Propulsion System Market 2018-2022 | Use of Artificial Intelligence for Autonomous UAVs to Boost Growth | Technavio

Technavio has released a new market research report on the global drone propulsion system market for the period 2018-2022. (Graphic: Business Wire)

LONDON--()--The global drone propulsion system market research report by Technavio predicts the market to post a CAGR of close to 20% during the period 2018-2022.

A key driver for the global drone propulsion system market is the development of newer generation engines. The UAVs have evolved into increasingly capable platforms deployed for an extensive range of applications. The capability to function effectively in urban areas against widely-dispersed forces while minimizing the collateral damage and achieving information superiority have allowed UAVs to play a greater role in critical missions.

This global drone propulsion system market research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the use of artificial intelligence (Al) for autonomous UAVs as one of the key trends in the global drone propulsion system market:

Global drone propulsion system market: Use of artificial intelligence (Al) for autonomous UAVs

The drones have redefined and improved the productivity of several industries within a short span of time. They are often deployed for applications such as border surveillance and security, and safety inspections and storm tracking. In addition, they can be armed with missiles and bombs for conducting military attacks, they can be used for the swift delivery of supplies or to broadly study the environment and scan remote military bases.

“The next generation of drones is intended to be powered by artificial intelligence. The aerial Al is capturing substantial amounts of data on a real-time basis, opening a new world for looking over complex physical structures, and analyzing the captured data for defects. The automated UAVs can scan blades on wind turbines and via onboard Al models, can detect defects and provide recommendations on necessity and timescale of maintenance,” says a senior analyst at Technavio for research on aerospace components.

Global drone propulsion system market: Segmentation analysis

This drone propulsion system market analysis report segments the market by end-user (military and commercial and civil) and geography (the Americas, APAC, and EMEA).

The military segment held the largest drone propulsion system market share in 2017, accounting for around 62% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with about 54% of the market share, followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global drone propulsion system market research report by Technavio predicts the market to post a CAGR of close to 20% during the period 2018-2022.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com