According to the latest market research study by Technavio, the global UAV payload and subsystems market is expected to grow at a CAGR of close to 8% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global UAV payload and subsystems market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the type
Source: Technavio
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The top three revenue contributing type segments are discussed below
Global UAV cameras and sensors market: UAV platforms is one of most vital resources in fulfilling security and surveillance requirements of global defense organizations. Sophistication in electronic warfare environment and capability enhancement of airborne platforms is compelling vendors to focus on delivering lightweight cameras and sensor payloads on UAVs. These lightweight cameras would help them achieve greater flight range and longer endurance.
“The emergence of miniaturized UAVs will be one of the major factors driving the UAV cameras and subsystems market during the forecast period,” says Avimanyu Basu, a lead analyst at Technavio for research on defense.
Global UAV weaponry market: The use of small and tactical UAVs has increased since the last one decade as it ensures cost-effective approaches for providing intelligence support to the ground-based combating troops. Furthermore, UAVs are also being used to launch mini precision-guided weapons at hostile targets.
Global UAV radars and communication systems market: In the current situation where economic pressures and sequester crisis are prevalent, the military agencies aim to deliver a platform that can be effective in multi-role operational requirements to minimize the burden of deploying different types of UAVs. To ensure this objective, a UAV platform needs to be integrated with advanced radars and communication systems, which will help them undertake uninterrupted surveillance and attack missions.
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The top vendors operating in the global UAV payload and subsystems market are:
- AeroVironment
- Boeing
- Elbit Systems
- Lockheed Martin
- Northrop Grumman
The other prominent vendors in the market include BAE Systems, GA-ASI, Israel Aerospace Industries, Raytheon, and Textron Systems.
A more detailed analysis is available in the Technavio report titled, ‘Global UAV Payload and Subsystems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Unmanned Aerial Vehicle Battery Market 2016-2020
- Global UAV Market 2016-2020
- GLOBAL UAV PAYLOAD AND SUBSYSTEMS MARKET: RESEARCH REPORT 2015-2019
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