UAV PROPELLERS MARKET ANALYSIS

Leading Companies

Global UAV propellers market is expected to witness significant growth during the forecast period (2022–2030). The market growth is majorly attributed to increasing adoption of UAV in the oil and gas industry. Automated drones are used for surveillance and inspection of infrastructure and pipeline in the oil and gas industry. For instance, Sinopec Group, one of the largest producer of oil in the world, used micro drones for inspection of a 6,000 km oil pipeline in southern China in September 2019.  Moreover, drones also have wide application in mining industry such as to generate point clouds, digital surface models, and digital terrain models of a mining site. Therefore, increasing demand for UAV is expected to aid in growth of the UAV propellers markets during the forecast period. For instance, according to Coherent Market Insights’ analysis, key players in the mining industry such as Rio Tinto, Vale, BHP, Anglo American, and Barrick Gold are using UAV from the last 4-5 years. According to the news release of BHP in August 2019, BHP reduced the surveillance cost by US$ 5 Million per year by switching to drones from traditional methods. Owing to reduced surveillance cost many SME’s in the mining industry are also expected to shift to UAV from traditional surveillance methods in the coming years.

Major players operating in the global UAV propellers market include 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