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Hybrid UAV Market worth $1,705.0 million by 2030 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Nov. 15, 2024 /PRNewswire/ — The Hybrid UAV Market is estimated to be USD 760.7 million in 2024 and is projected to reach USD 1705.0 million by 2030, at a CAGR of 14.4% between 2024 and 2030 according to a new report by MarketsandMarkets™. The hybrid UAV market is rapidly evolving, characterized by the integration of advanced technologies and increasing demand across various sectors. Defined by the development and deployment of unmanned aerial vehicles that utilize multiple propulsion systems, hybrid UAVs combine conventional fuel-powered components with electric power sources. This innovative approach addresses the limitations of traditional UAVs, enabling enhanced payload capacities, extended flight times, and improved operational versatility. As industries seek more efficient and adaptable aerial solutions for applications such as surveillance, agriculture, and logistics, the hybrid UAV market has gained significant traction. The market was valued at approximately USD 760.8 million in 2024 and is poised for substantial growth, driven by continuous technological advancements, including sophisticated avionics and intelligent energy management systems. With a focus on sustainability and efficiency, hybrid UAVs are redefining aerial capabilities and setting new standards for performance in the unmanned aerial vehicle landscape.

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Browse in-depth TOC on “Hybrid UAV Market” 
258 – Tables
64 – Figures
253 – Pages

Hybrid UAV Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 760.7 million

Estimated Value by 2030

$ 1705.0 million

Growth Rate

Poised to grow at a CAGR of 14.4%

Market Size Available for

2020–2030

Forecast Period

2024–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Type, Industry, Propulsion, Endurance, Power and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Rapid advancements in battery technology and all-electric UAV systems

Key Market Opportunities

Innovations in energy storage technologies

Key Market Drivers

Intelligent energy management in hybrid UAVs

By Type, the Lift + Cruise segment is projected grow the fastest during the forecast period.

The increasing demand for efficient urban air mobility solutions is propelling interest in Lift + Cruise designs, which offer the versatility of vertical takeoff and landing (VTOL) combined with the efficiency of fixed-wing flight. This capability is particularly appealing for applications such as cargo delivery, emergency services, and passenger transport in congested urban environments. Advancements in hybrid propulsion technologies are enhancing the performance and reliability of Lift + Cruise UAVs, allowing them to achieve longer ranges and higher payload capacities while minimizing environmental impact. The integration of artificial intelligence (AI) further enhances these systems by optimizing flight paths and energy management, thereby improving operational efficiency. Furthermore, regulatory developments aimed at facilitating urban air mobility are creating a more favorable environment for the deployment of Lift + Cruise hybrid UAVs.

By Industry, the commercial segment is expected to grow the most during the forecast period.

Increasing demand for versatile aerial solutions across various industries, including agriculture, construction, and logistics, is propelling the adoption of hybrid UAVs. These drones offer the unique advantage of combining electric and combustion propulsion systems, enabling longer flight times and enhanced payload capacities, which are essential for tasks such as aerial surveying, crop monitoring, and infrastructure inspection. The integration of advanced technologies, such as high-resolution cameras and LiDAR sensors, further enhances the capabilities of hybrid UAVs, making them indispensable tools for data collection and analysis. The growing emphasis on sustainability and reducing carbon footprints is encouraging businesses to adopt hybrid UAVs as a more environmentally friendly alternative to traditional aerial solutions.

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North America holds the highest growth rate in the region for the Hybrid UAV Industry.

The region’s strong aerospace and defense infrastructure supports significant investments in hybrid UAV technology, with companies like AeroVironment and Northrop Grumman leading the charge in innovation. The increasing demand for versatile aerial solutions across various sectors—including agriculture, logistics, and surveillance—further propels the adoption of hybrid UAVs, which combine the benefits of electric and combustion propulsion systems to enhance operational efficiency and extend flight capabilities. The growing emphasis on sustainability and reducing carbon emissions is also a critical driver, as hybrid UAVs offer a more environmentally friendly alternative to traditional aircraft.

Key players in the hybrid UAV companies include Northrop Grumman (US), Thale (France), L3Harris Technologies, Inc., (US), JOUAV (China), Elroy Air (US), Draganfly (Canda), Pipistrel (Italy), Harris Aerial (US), Natilus (US), Doosan Mobility Innovation (South Korea) Moya aero (Brazil), Waveaerospace (US), Aeronautics (Israel), Skyfront (US), Xer Technologies. Avartek (UK), ElevonX (US), ALTI Unmanned (South Africa) and Elbit Systems Ltd. (Israel) among others.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports: 

Cargo Drones Market by Solution (Avionics, Route Planning & Optimization, Ground Control Stations), Payload (10-49 Kg, 50-149Kg, 150-249 Kg, 250-449 Kg, 500-499 Kg, 500-999 Kg, >1,000 Kg), Industry, Range, Type, and Region – Global Forecast to 2030

UAV (Drone) Market by Type (Fixed Wing, Rotary Wing, Hybrid), Platform (Civil & Commercial, and Defense & Government), Point of Sale, Systems, Function, Industry, Application, Mode of Operation, MTOW, Range and Region – Global Forecast to 2029

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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BOLLINGER MOTORS PARTNERS WITH NATIONAL AUTO FLEET GROUP FOR GOVERNMENT FLEET VEHICLE SALES

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Bollinger B4 Class 4 Electric Trucks Provide Electrification Solution Through NAFG Sourcewell Contract Agreement

OAK PARK, Mich., Nov. 15, 2024 /PRNewswire/ — Bollinger Motors, Inc., a commercial electric vehicle (“EV”) manufacturer, today announced it has partnered with National Auto Fleet Group (NAFG) to sell its all-electric Class 4 Bollinger B4 commercial trucks to government agencies through NAFG’s Sourcewell-awarded contract #032824-NAF.

“Bollinger Motors is excited to work with National Auto Fleet Group to bring the Bollinger B4 to one of our most important customer groups, government entities at all levels,” said Jim Connelly, chief revenue officer of Bollinger Motors. “Government agencies and municipalities are often early adopters for electrification and electric vehicle fleets. We look forward to partnering with NAFG, and their history of bringing innovative products and solutions to this important segment.”

The Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. The vehicle has a range of 185 miles and a payload of 7,394 lbs. Bollinger’s unique chassis design protects the 158-kwh battery pack and components to offer unparalleled capability, performance and safety in the commercial market. The Bollinger B4 is an excellent fit for commercial and government/municipal fleets looking for a world-class truck, capable of performing a variety of job functions.

“At National Auto Fleet Group, we take pride in helping municipalities find and manage their fleet vehicles,” said Ben Rodriguez, HD Manager of National Auto Fleet Group. “The Bollinger B4 is an excellent addition to our vehicle portfolio and will help fill a key product need for multiple government organizations developing electrification strategies.”

Sourcewell is a self-sustaining government organization, with more than 40 years of dedicated service helping government, education, and nonprofit agencies operate more efficiently through a variety of solutions. NAFG is a vehicle vendor catering to government agencies and municipalities across the country. The agreement with NAFG provides Bollinger Motors a conduit to winning more government contracts.

Bollinger Motors has passed numerous milestones in the past several months, including:

Its production launch on Sept. 16;Regulatory achievements including FMVSS compliance, receiving the Certificate of Conformity from the Environmental Protection Agency, and CARB certification;A 145-vehicle agreement with Momentum Group;A 70-vehicle agreement with Doering Fleet Management;A 50-vehicle agreement with EnviroCharge;The addition of Anderson Motors, TEC Equipment, Affinity Truck Center, Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers;Working with Our Next Energy in Novi, Michigan, to supply battery packs;Providing a full warranty coverage of the B4 chassis cab; and,Announcing Syncron as its warranty administration partner and Amerit Fleet Solutions as its mobile service provider.

ABOUT BOLLINGER MOTORS

Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc. is a U.S.-based company headquartered in Oak Park, Mich. Bollinger Motors is developing all-electric commercial chassis cab trucks, Classes 4-6. In September of 2022, Bollinger Motors became a majority owned company of Mullen Automotive, Inc. (NASDAQ: MULN). Learn more at www.BollingerMotors.com and www.MullenUSA.com.

FORWARD-LOOKING STATEMENT

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Bollinger Motors and are difficult to predict. Examples of such risks and uncertainties include: (a) Bollinger Motors’ continued partnership with NAFG and NAFG’s ability to sell Bollinger Motors vehicles; (b) Bollinger Motors’ ability to finalize a sales agreement with Momentum Group, Doering Fleet Management, and EnviroCharge and deliver purchased vehicles on schedule; (c) Bollinger Motors’ continued partnership with Nacarato Truck Centers, TEC Equipment, Affinity Truck Center, Nuss Truck & Equipment, and LaFontaine Automotive Group; (d) Bollinger Motors’ continued partnership with Our Next Energy as a battery supplier; (e) Bollinger Motors’ continued relationship with Syncron as its warranty administration provider; and (f) Bollinger Motors’ continued relationship with Amerit Fleet Solutions as its mobile service provider.

Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Motors’ ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Motors’ ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Motors’ ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Motors’ ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Bollinger Motors’ business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Motors’ business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Motors’ business; (x) Bollinger Motors’ ability to protect its intellectual property; (xi) the vehicles developed will perform as expected and (xii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Mullen Automotive, Inc., of which Bollinger Motors is a partially owned subsidiary, with the Securities and Exchange Commission. Bollinger Motors anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Bollinger Motors assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether because of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Bollinger Motors’ plans and expectations as of any subsequent date.

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SOURCE Bollinger Motors

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Furniture.com Launches Deal Finder to Help Shoppers Find Every Single Furniture Deal Online and In-Store this Holiday Season

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Furniture.com’s Deal Finder will source the best deals in furniture

ATLANTA, Nov. 15, 2024 /PRNewswire/ — Furniture.com, today announced the launch of its Deal Finder, a feature designed to connect shoppers with the best furniture and home goods deals online and in their neighborhoods. Deal Finder is the first of many shopper experience tools that Furniture.com will unveil as it grows in the US market.

About the Deal Finder
The Deal Finder aggregates every furniture deal and promotion from recognizable and trusted brands so customers don’t have to worry about finding the best deals in furniture. Customers easily input their location and find the most relevant deals online and near them.

By utilizing advanced algorithms and real-time data analytics, The Deal Finder will match shoppers with furniture that feels like them, is from a brand they trust, and is nearby.  By bridging the gap between consumers and retailers, and clearing out the unnecessary pop-ups and wild goose chases, Deal Finder will empower users to discover discounts and exclusive offers all while finding incredible design.

Shoppers will find deals from brands like One Kings Lane, Rooms To Go, Lamps Plus and more. To start shopping for better deals this holiday season, check it out here.

The Deal Finder is Part of Furniture.com’s Larger Plan to Re-invigorate Furniture Buying for Everyone.
Searching for furniture can be stressful and furniture buying has long been a point of contention for shoppers: 90% of furniture buyers prefer to test out furniture in-person before making a decision while 74% of buyers start the furniture search online. Furniture.com presents buyers with the tools they need to whittle down their furniture search process so that they can make their decisions faster and more confidently.

“Finding the best deal can be overwhelming. Our Deal Finder will help shoppers in a plethora of ways: from cutting down on hours spent online, to finding local furniture they can actually try out, to making sure they are getting the best deals,” said Alex Seaman, SVP and Co-Founder at Furniture.com “With Deal Finder, we are redefining the shopping experience by ensuring that every consumer can find the products they love without the hassle of endless searching.”

Furniture.com uses intuitive tech, AI, and location-based information to help shoppers find better deals and ultimately, the furniture they crave. The platform is set to transform the way consumers shop, making the furniture buying experience easier, more enjoyable and affordable.

“At Furniture.com, we’re focused on innovating the shopping experiences for retailers and consumers alike,” said Dan Bennett, Chief Marketing Officer at Furniture.com. “We’re committed to revolutionizing how we visualize, experience and purchase from brands in the home goods space and Deal Finder is just the beginning.”

About Furniture.com
Furniture.com is a high-growth technology business that is addressing fundamental challenges in the $200 billion U.S. furniture space. We have one mission: Make finding furniture easy and enjoyable. We have built an advanced discovery tool that facilitates, enhances, and streamlines the furniture purchase journey — both for B2C and B2B. Consumers can search across dozens of brands and thousands of products using our proprietary algorithm, AI tools, and comparison filters to find exactly what they’re looking for. For retail partners, we deliver a digital platform that’s been proven to expand their reach with a new, high-intent furniture audience.

Our team is comprised of world-class furniture experts, technologists, and brand builders. We are data-driven, solution-oriented, and general enthusiasts of beautiful designs and experiences. You can find us in one of our two offices, located in Atlanta and NYC.

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SOURCE Furniture.com

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CaloPal: The Calorie AI Assistant That Makes Weight Loss Easier

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NEW YORK, Nov. 15, 2024 /PRNewswire/ — As the focus on healthy lifestyles grows worldwide, CaloPal introduces a groundbreaking AI-powered calorie tracking assistant, providing global users with a simple and scientific tool for weight management. Using advanced AI technology, CaloPal helps users track their daily calorie intake in real time and offers personalized dietary and health management advice, simplifying the health management process and creating a more effective weight loss solution.

Science shows that the core of weight loss lies in balancing calorie intake and expenditure. However, many people don’t fully understand the connection between food and calories, making it challenging to track food calories and plan calorie intake. Previously, people had to manually input data and perform complex operations to obtain relevant information, which made these tools cumbersome and hard to maintain over time. Additionally, earlier health tools such as calorie counter and calorie tracker couldn’t offer personalized dietary advice, making weight control a lengthy and frustrating process. Now, everything is about to change. CaloPal ensures calorie data accuracy while providing users with personalized dietary recommendations, making weight loss a much easier journey.

Nick, the founder of CaloPal, stated, “CaloPal is a revolutionary AI calorie tracking application designed for users focused on health and weight management. We’ve simplified the calorie tracking process with the latest AI technology. Users only need to take a photo of their food, and CaloPal will automatically identify the food type, analyze its components, calculate calories, and provide a nutritional breakdown. CaloPal allows users to effortlessly track their daily calorie intake without manual input, making health management much more convenient and supporting long-term calorie tracking. Additionally, CaloPal offers personalized dietary recommendations based on users’ data, helping them achieve their weight management goals more easily through balanced nutrition.”

CaloPal assists users in controlling weight through the following features:

Smart Food RecognitionReal-Time Nutritional Data AnalysisPersonalized Weight Loss RecommendationsDiet and Weight Tracking

CaloPal is now available for users to try for free through the app (App Store download link: CaloPal on App Store) and the website, Fitness Pal will be released later this month。For more information about this product and the latest updates on CaloPal, please visit our website:https://calopal.ai/

Media Contact
contact@calopal.ai

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SOURCE CaloPal

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