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Allied Market Research

Fuel Cell UAV Market by Application (Military, Civil, and Commercial), Payloads (Cameras, CBRN Sensors, UAV Radar, and UAV LiDAR), and Industry Vertical (Defense & Security, Agriculture, Construction & Mining, Wildlife & Forestry, Media & Entertainment, and Logistics & Transportation): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10660
Pages: NA
Jun 2021 | 79 Views
 
Author(s) : NA
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Fuel Cell UAV Market Outlook – 2027

An unmanned aerial vehicle is one of the advanced systems in the aviation industry, which has gradually gained significant popularity in the military, commercial, and civil applications. Fuel cell unmanned aerial vehicles are the UAVs backed by fuel cell power modules. Moreover, these fuel cell unmanned vehicles possess a higher energy-to-mass ratio than the traditional battery systems. These power modules can provide over three times more flight endurance to the commercial unmanned aerial vehicles. This further allows the maximization of productivity, while minimizing downtime and achieve more in a single drone flight. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

   Forecast units

  Value (USD)

  Segments covered

  Application, Payloads, and Industry Vertical

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

General Atomics, EnergyOR Technologies, Northrop Grumman, Horizon Fuel Cell Technologies, Textron Inc., MicroMultiCopter Aero Technology, Boeing, Ultra Electronics, Protonex, and Jadoo Power System

 

COVID-19 Scenario Analysis: 

  • Fuel cell UAV production is going to be more agile after the end of COVID-19.
  • The supply chain disruption is expected to affect the future growth of the companies due to lockdown.
  • The revenue is not being generated for the companies due to the ongoing pandemic, which will result in major losses across the year.
  • Companies have to deal on a significant margin basis to revive the market.
  • A huge monetary loss has been accounted for in the revenue generation of the Fuel cell UAV companies due to the lockdown.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The global market for fuel cell UAV is driven by high investment in the military unmanned aircraft domain. This is followed by a rise in threat to national security. Moreover, the market is witnessing the trend of advancement in technology, Formira Hydrogen-on-Demand technology being one of the most recent trends in the market. However, a decline in the price of non-renewable resources is likely to hamper the market growth during the forecast period. 

The global fuel cell UAV market trends are as follows:

Technological advancements to foster the growth 

The technological advancements in the UAV market have been profoundly attracting the military and commercial segments toward the procurement of the latest models. Moreover, the incorporation of eco-friendly propulsion systems such as fuel cells and solar cells is proliferating the growth of the global market. The manufacturers of UAV have been consistently working on reducing the weight of vehicles since, in a UAV, around 40% of weight is of the power source and fuel tank. Therefore, the ability of fuel cells to reduce the overall weight of the UAV is highly seen as a lucrative aspect in the market. Furthermore, the market players focus on achieving fuel efficiency while reducing the weight and minimizing the cost of production. Such factors are anticipated to drive the growth of the global fuel cell UAV market. 

Increase in investment from the military sector

The rise in threat to national security is urging the nations to increase their defense budget to bolster their military strength. Moreover, the defense sector of various nations is acquiring advanced equipment such as fuel cell unmanned aerial vehicles to enhance the military capabilities. Furthermore, the incorporation of newer generation technology is accelerating the application of fuel cell UAVs in the military & defense sector. Moreover, the global market for fuel cell UAV has also been witnessing a potential demand from the non-military aviation sector. These factors are anticipated to boost the growth for the global market. 

Key Segments Covered:

Segments

Sub-segments

  Application

  • Military
  • Civil
  • Commercial

  Payloads

  • Cameras
  • CBRN Sensors
  • UAV Radar
  • UAV LiDAR

  Industry Vertical

  • Defense & Security
  • Agriculture
  • Construction & Mining
  • Wildlife & Forestry
  • Media & Entertainment
  • Logistics & Transportation

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global fuel cell UAV industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global fuel cell UAV market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global fuel cell UAV market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global fuel cell UAV market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Fuel cell UAV Market Research Report:

  • Which are the leading market players active in the Fuel cell UAV market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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