Countries such as the U.S. have set rules and regulations for use of drones. For instance, operators should register the done with the U.S. Government and drone must weight less than 55 lbs. Such rules and regulations are restraining growth of the market. Moreover, initial high cost of drones is also restraining factor. The cost of drones starts from US$ 300 and can go up to US$ 5,000.
Restraint:
Figure 2: Global UAV Propellers Market (US$ Mn) Analysis and Forecast, 2017 - 2030
Surge in demand for composite propellers for military and spy drones is expected to drive the UAV propellers market during the forecast period
Among material type segment, composite propeller segment accounted for 37.3% of the market share in 2019. Moreover, carbon fiber is expected to be the fastest growing segment exhibiting the highest CAGR of around 21.3% during the forecast period.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients