Market Share of UAV Propulsion Systems Industry
The UAV propulsion systems market is semi-consolidated. The prominent UAV propulsion systems market players are Orbital Corporation Limited, Diamond Aircraft Industries GmbH, Hirth Engines GmbH, Rolls-Royce plc, and Honeywell International Inc.. These companies are major in designing, manufacturing, and integrating complete propulsion systems for compatible UAV models. The market is highly competitive, and players are releasing products with cross-compatibility. The continuous R&D of prominent market players, such as MMC, to develop advanced UAV propulsion systems and enhance their current capabilities poses a threat to new market entrants.
Additionally, using 3D printing technology in propulsion drives is anticipated to simultaneously generate demand for new system components and designs to cater to the market for sophisticated electric propulsion systems with reduced size and mass without compromising relative performance. For instance, in June 2023, Firestorm Labs partnered with Greenjets to build the first-of-its-kind additively manufactured unmanned aerial Vehicle airframe and engine solution. Similarly, in December 2022, Vertiq won a research grant from the U.S. Air Force to develop its Underactuated Propulsion System for use in UAVs. Vertiq’s Underactuated Propulsion System was to offer UAVs longer flight time and increased maneuverability.
UAV Propulsion System Market Leaders
Diamond Aircraft Industries GmbH
Hirth Engines GmbH
Rolls-Royce plc
Honeywell International Inc.
Orbital Corporation Limited
*Disclaimer: Major Players sorted in no particular order
