The key factor driving the growth of the market is the widened application profile of UAVs. Players in the market are offering UAVs that can be used in various commercial applications. These UAVs are being adopted in other applications such as internet provision in remote places, aerial photography and video recording, survey and documentation of wildlife, and public service missions. Onboard mission computers feature adaptable core processing capabilities that can host multiple missions, flight management, and display management processing functions. These cost-effective onboard computers are scalable for additional applications, owing to the advanced mission computing, network data management, and video switching functions. Owing to such factors, the global drone onboard computer market is expected to grow at a CAGR of nearly 14% during the forecast period.
The advent of network-centric warfare is identified as one of the key emerging trends in the global drone onboard computer market. Apart from reducing the time dimension, the Information Age is making distance less relevant which has led to a significant decrease in the cycle time for information gathering, analysis, and decision-making. The US army created the NCW during the 1990s and this requires the thorough integration of sensors, communication networks, command centers, and associated platforms to achieve complete situational awareness and perfect synchronization between sensors and responders in a fast-paced mobile environment. Even though collecting information improves intelligence, it also must aid understanding and decision-making. As a result, the advent of network-centric warfare will drive the drone onboard computer market in the forthcoming years.
Top drone onboard computer companies covered in this market research report
The drone onboard computer market is highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this drone onboard computer industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
Drone onboard computer market segmentation based on geographic regions
With a complete study of the growth opportunities for the companies, the Americas will account for the highest growth of this market throughout the forecast period. The Americas led the market in 2018 and the region is expected to dominate the market through 2023.
Drone onboard computer market segmentation based on application
The defense segment will account for the highest growth in the market. The defense segment held the largest market share in 2018, accounting for nearly 61% of the market. Additionally, the report also provides an accurate prediction of the contribution of the various applications segments to the growth of the drone onboard computer market size.
Key highlights of the global drone onboard computer market for the forecast years 2019-2023:
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the drone onboard computer market during the next five years
Precise estimation of the global drone onboard computer market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the drone onboard computer industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on the factors that will challenge the growth of drone onboard computer companies
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