UAV Payload and Subsystems Market - Driven by Advanced Technologies Near Future

Posted by Nita on January 29th, 2021

Overview

UAVs or unmanned aerial vehicle are controlled remotely either by a pilot at a ground station or by onboard computers. UAV payload and subsystems consisting of various equipment and systems depending on their specific mission requirement, are major components of UAVs.

With the rapidly advancing technology, many different types of UAVs have been developed and inducted into military operations over the last decade. The global UAV payload and subsystems market has been growing pervasively mainly due to the extensive range of applications of payload and subsystems in the commercial, civil, as well as in the military sector.

Rapidly augmenting demand for UAVs is one of the major driving forces behind the growth of the market. Additionally, factors such as the growing demand for lightweight thermal imager, intelligence, surveillance, and communication in the defense, commercial, and homeland applications are escalating the market on the global platform.

Considering the ascending graph of the growth, the market is climbing steadily, Market Research Future (MRFR) in its recently published study analysis states that the global UAV payload and subsystems market is expected to demonstrate a voluminous growth by 2023, registering a CAGR of 8% throughout the forecast period (2017-2023).

The significant demand for UAVs in military forces across the world for intelligence, surveillance, and reconnaissance missions is another dominant factor driving the growth of the market. Moreover, the increasing demand for lightweight UAV payload for commercial uses such as wildlife research, photography, and industries such as oil & gas and agriculture has a greater impact on market growth.

On the flip side, factors such as the challenges associated with UAVs such as the risk of collision with domestic flights and uses of UAVs for terrorist activities are impeding the growth of the market, restricting their further evolvement.

Global UAV Payload and Subsystems Market – Segments

For a better understanding of the market, the report is segmented into three key dynamics

• By Payload: C4I, Radar, Electronic Warfare (EW), Electro-optic & Infrared Sensor (EO/IR), and Sonar.
• By Type : MALE UAVs, HALE UAVs, and Man-portable UAVs among others.
• By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.

Major Players:

Key players leading the UAV payload & subsystems market include Alpha Unmanned Systems (Madrid), AAI Corp (US), BAE Systems (UK), Insitu Pacific (USA), IAI(Israel), AeroVironment (US), Elbit Systems (Israel), Boeing (US), Northrop Grumman (US), and Lockheed Martin (US) among others.

Access Report Details @ https://www.marketresearchfuture.com/reports/uav-payload-subsystems-market-1237