The global UAV Propellers Market is estimated to be valued at Us$ 467 Mn in 2022 and is expected to exhibit a CAGR Of 13.6% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
UAV propellers are critical components required to generate forward thrust in unmanned aerial vehicles. They come in different designs, sizes, and materials to suit the payload requirement and optimize flight efficiency. Advances in composite materials and 3D printing technologies have enabled lighter and stronger propeller designs.
Market key trends:
One of the key trends in the UAV propellers market is the rising adoption of carbon fiber composites for manufacturing propeller blades. Carbon fiber provides strength-to-weight ratio much higher than traditional aluminum or glass fiber. This allows for the development of propellers with better durability and flight efficiency. Leading manufacturers are focusing on optimized composite layup designs and weaving techniques to further enhance the mechanical properties of carbon fiber UAV propellers.
Segment Analysis
The global UAV propellers market is segmented by material, propeller type, vehicle type, and region. By material, the composite-based propellers segment dominated the market in 2021 and is expected to continue its dominance over the forecast period. Composite materials like carbon fiber and fiberglass provide propellers with high strength-to-weight ratio, allowing them to absorb more impact in a crash. They are also more durable and efficient than wooden or metal propellers.
Key Takeaways
The global UAV Propellers Market size was valued at US$ 409.9 million in 2021 and is expected to reach US$ 1,125.4 million by 2030, growing at a CAGR of 13.6% over the forecast period. North America dominated the market with around 35% revenue share in 2021 owing to high adoption of commercial and military drones in the region. However, Asia Pacific is expected to witness the fastest growth due toincreasing defense budget and expansion of commercial drone applications in developing countries like China and India.
Key players operating in the 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. They are focusing on developing new composite and custom-designed propellers catering to specific UAV types as well as expanding their manufacturing and distribution footprint in high growth markets.
Regional analysis shows that North America dominated the global market in 2021 with a share of around 35%. This was mainly due to high military and non-military drone procurement in countries like the US for various applications including surveillance, infrastructure inspection, and cargo delivery. However, Asia Pacific is expected to register the highest CAGR during the forecast period owing to expanding defense budgets and commercial drone adoption in developing nations like China and India for agriculture, surveillance and ecommerce.
