UAV PROPELLERS MARKET ANALYSIS

Market Challenges And Opportunities

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:

• Lack of skilled & trained personnel for operation
• Lack of proper air traffic management for UAVs

• Lack of skilled & trained personnel for operation
• Lack of proper air traffic management for UAVs

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.