Fuel Cell UAV Market to Reach $5.38 Billion, Globally, by 2032 at 13.4% CAGR: Allied Market Research
WILMINGTON, Del., March 6, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Fuel Cell UAV Market by Product Type (Hydrogen Fuel Cell, Solid Oxide Fuel Cell, and Proton Exchange Membrane Fuel Cell), End Use (Passenger UAV, Cargo UAV, and Others), Type (Fixed Wing, Rotary Wing, and Hybrid), Weight (Less Than 50 Kg and More Than 50 Kg), and Application (Military & Defense, Civil & Commercial, Logistics & Transportation, Construction & Mining, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032".
- The Russia-Ukraine conflict has had significant implications for the global fuel cell UAV industry .
- Overall, the Russia-Ukraine war introduces various challenges and risks for the fuel cell UAV industry, including supply chain disruptions, geopolitical concerns, and market uncertainties.
- Depending on product type, the hydrogen fuel cell segment held the highest market share in 2022, accounting for more than half of the global fuel cell UAV market revenue and is estimated to maintain its leadership status throughout the forecast period.
- In March 2021, Boeing subsidiary Insitu unveiled ScanEagle3, an all-electric UAV utilizing a hydrogen-fueled proton exchange membrane (PEM) fuel cell.