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Fuel Cell UAV Market Size And Share 2018: With Top Manufacturers, Applications, Key Regions, Growth Opportunities Forecast to 2023 | 360 Market Updates

Fuel Cell UAV

Fuel Cell UAV Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Fuel Cell UAV market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Fuel Cell UAV Market report is anticipated to register a CAGR of 6% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Fuel Cell UAV Market are –

  • Protonex
  • Micro Multi Copter Aero Technology. Co.
  • HES Energy Systems
  • Horizon Energy System
  • Intelligent Energy
  • AeroVironment
  • Elbit Systems
  • Israel Aerospace Corporation
  • Aeryon Labs Inc.

The global fuel cell UAV market is anticipated to register a CAGR of over 6% during the forecast period. An unmanned aerial vehicle (UAV) is one of the cutting edge systems in the aviation industry, which has gained much popularity in military, civilian, and commercial applications. With technological advancements, the UAV market has been witnessing the popularity of eco-friendly propulsion systems, such as, fuel cells and solar cells. Designing lightweight UAV is one of the challenges being faced by the market, as it has been observed that an average UAV has a power source and fuel that typically account for about 35-65% of the vehicle’s weight, whereas, for small UAVs, it is around 38-40%. UAV manufacturers have been consistently striving to decrease the weight of vehicles, while simultaneously achieving fuel efficiency and abiding by the respective country’s UAV regulations.

Increase in Investment from the Military Unmanned Aircraft Sector

Recently UAVs are becoming one of the most significant weapons in the military’s arsenal. Simultaneously, the number of civil and commercial UAV applications also is growing. The defense of U.S. has brought about new technology requirements for next-generation UAVs. The rule makers in the U.S. Federal Aviation Administration (FAA) in Washington and other aviation authorities around the globe also are feeling pressure to permit at least limited non-military UAV operations in civilian airspace.

By the end of next decade, the UAV industry would be anticipated to be approximately USD 10 billion, combining manufacturing, sales, jobs, etc., in the U.S. During the next two years, the FAA to finally set privacy rules for small UAVs, responding to a lot more pressure from manufacturers and from state and local governments. By 2025, the UAV are expected to be much bigger, delivering pesticides for agriculture, packages for Amazon and others, which means going from a nascent market at present to a multi-billion dollar industry in a decade or less.

Competitor Analysis

The fuel cell technology suppliers for UAV manufacturers are competing fiercely in the market, to achieve long flight endurance. In 2016, H3 dynamics launched HYWINGS, a hydrogen fuel cell UAV, which was capable of a ten-hour flying duration and covered up to 500 km. HES Energy Systems, a subsidiary of H3 Dynamics, was successful in providing aerospace-grade fuel cell technology that is 3-5 times lighter than lithium batteries. Currently, HES Energy Systems is working on the field-refueling systems as accessories to different UAV platforms, particularly fuel cell propulsion UAV. There exist major players, like Elbit Systems, which has also successfully experimented using Horizon Energy Systems’ Aeropak fuel cell technology in its Skylark(r) I-LE UAS model in 2010, and plans to supply more, based on the emerging demand in the market.

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Scope of the Report:

The report analyses Fuel Cell UAV market, which includes –

  • Analysis of the growth of Fuel Cell UAV market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Fuel Cell UAV market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Fuel Cell UAV market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Fuel Cell UAV market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Fuel Cell UAV Market Report:

  • Varying dynamics of the Fuel Cell UAV industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Fuel Cell UAV market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Fuel Cell UAV market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Fuel Cell UAV Market Report:

  • The report analyses how stringent emission control norms will drive the global Fuel Cell UAV market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Fuel Cell UAV market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Fuel Cell UAV:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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