Global Small and Tactical UAV Fuel Cell Market 2019-2023: Use of Artificial Intelligence (AI) for Autonomous UAVs Gaining Momentum - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 20, 2018--The “Global Small and Tactical UAV Fuel Cell Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The market to grow at a CAGR of more than 13 % by 2023.
Drones have redefined and enhanced the productivity of numerous industries within a short span of time. The next generation of drones is envisioned to be powered by artificial intelligence. Aerial AI is capturing loads of data on a real-time basis, opening a new world for looking over complex physical structures and analyzing the captured data for defects.
For instance, automated UAVs can scan blades on wind turbines and via onboard AI models, can detect defects and provide recommendations on necessity and timescale of maintenance. The use of artificial intelligence (AI) for autonomous UAVs is expected to be a major trend in the small and tactical UAV fuel cell market.
Development of newer generation engines
The military and commercial UAV manufacturers have long been planning over the adoption of alternative propulsion technologies for UAVs. With several vendors experimenting with such innovative technologies, the dependence of UAVs on fossil fuels has reduced significantly. Recently, hydrogen fuel cells have introduced as a viable alternative fuel to substitute Li-ion batteries in mid to large size drones, and their efficiency in terms of weight/power ratios has increased rapidly.
They offer compelling value for UAVs owing to improved reliability over small internal combustion engines. Therefore, the development of newer generation engines is expected to propel the growth of the small and tactical UAV fuel cell market.
High R&D costs
Development cost has been a major challenging factor for UAV propulsions systems in the past. Hence, the high R&D costs have resulted in favoring the adaptation of existing propulsions technologies in a budget-constrained manner, usually by both sacrificing performance and reliability. This is a major challenge that is negatively impacting the market.
The small and tactical UAV fuel cell market appears to be fragmented with the existence of a large number of companies. Some of the factors impacting the growth of the market include the development of newer generation engines along with the growing use of AI for autonomous UAVs.
Ballard Power Systems, HES Energy Systems, Intelligent Energy, MicroMultiCopter Aero Technology, and Ultra Electronics are some of the top companies in the market
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY APPLICATIONComparison by application Military Commercial and civil Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic comparison Key leading countries Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDSUse of artificial intelligence (AI) for autonomous UAVs Development of swarm UAVs Emergence of laser-powered UCAV
PART 12: VENDOR LANDSCAPELandscape disruption Competitive scenario
PART 13: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors Ballard Power Systems HES Energy Systems Intelligent Energy MicroMultiCopter Aero Technology Ultra Electronics
For more information about this report visit https://www.researchandmarkets.com/research/ntdkfx/global_small_and?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181220005364/en/
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Related Topics:Fuel Cells,Unmanned Aerial Vehicles (UAVs) - Drones,Military Unmanned Systems
INDUSTRY KEYWORD: DEFENSE TECHNOLOGY MOBILE/WIRELESS OTHER DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/20/2018 07:37 AM/DISC: 12/20/2018 07:38 AM