North America held a dominant position in the global distributed acoustic sensing (DAS) market in 2021
North America region dominated the global UAV propellers market in 2021, accounting for a 43.7% share in terms of value, followed by Europe, Asia Pacific and Latin America, respectively
Figure 1: Global UAV Propellers Market Share (%), By Region, 2021
Increasing demand for UAV in countries such as the U.S. for military applications is expected to drive the UAV propellers market growth positively in the North America region.
North America held a dominant position in the global UAV propellers market in 2019, and is expected to retain its dominance over the forecast period. This is attributed to increasing demand for UAVs for application in the defense sector. For instance, U.S. Navy signed an agreement for US$ 805 Million with Boeing for MQ-25, an aerial refueling drone. Boeing is a Chicago-based aerospace company. The MQ-25 can refuel combat jets such as Boeing F/A-18 Super Hornet, Boeing EA-18G Growler, and Lockheed Martin F-35C aircraft.
UAV Propellers Market Report Snapshots
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