Global small and tactical UAV fuel cells market set to reach $1398.93 million by 2033

From GlobeNewswire: 2024-07-24 16:00:00

The Global Small and Tactical UAV Fuel Cells Market is projected to grow from USD 381.45 million in 2023 to USD 1398.93 million by 2033, with a CAGR of 13.88%. Fuel cells for UAVs provide lightweight, durable, and efficient power, allowing for longer flight times in various applications. The market is anticipated to see rapid growth, driven by technological advancements. The hydrogen fuel cells segment is expected to dominate due to fast start-up speeds and steady power production for UAVs. The military sector is expected to experience the fastest growth in the market, propelled by the adoption of environmentally friendly propulsion technologies. North America is set to lead the market share due to extensive use of tactical UAVs in the military and defense sectors. Meanwhile, Asia Pacific is expected to show the fastest CAGR growth driven by the demand for advanced military weapons and increasing deployment of drones for surveillance. Leading providers in the industry include Doosan Mobility Innovation, Honeywell International, and Plug Power, among others. In August 2022, Edge Autonomy acquired Adaptive Energy to enhance their offerings in solid oxide fuel cells for UAV and off-grid power applications. The market is segmented by type (hydrogen fuel cells, solid oxide fuel cells), application (military, commercial & civil), and region, offering a comprehensive analysis of the global small and tactical UAV fuel cells market. For more insights and analysis, visit the Spherical Insights & Consulting website.



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