UAV Payload and Subsystems Market by Type and Geography - Forecast and Analysis 2020-2024

“The UAV Payload and Subsystems Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of USD 34.96 billion and CAGR of 30% by segment Type and Geography during the forecast period 2019 to 2024” 

Furthermore, this report extensively covers the smart home appliances market segmentation by type (cameras and sensors, radars and communication, weaponry, and others) and geography (North America, Europe, APAC, MEA, and South America). The market report also offers information on several market vendors, including AeroVironment Inc., BAE Systems Plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., SZ DJI Technology Co. Ltd., Textron Inc., and The Boeing Co.

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Parent Market Analysis

Technavio categorizes the UAV Payload and Subsystems Market as a part of the Industrials industry within the Aerospace & Defense industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

UAV Payload And Subsystems Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the smart room heater industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge. 

Key UAV Payload And Subsystems Market Driver

One of the key factors driving growth in the market is the advances in electronic warfare (EW). Since the early 2000s, the warfare strategies of global armed forces have significantly transformed on account of the integration of advanced technologies and platforms. Drones are being used extensively in current warfare scenarios due to their visual superiority and capability of performing pre-emptive strikes and surveillance on specific locations. Global powerhouses such as the US, the Russian Federation, and China have been keenly investing in the development of advanced and powerful weapon systems that can accelerate the impact of attacks using cost-efficient and reliable sources. Countries such as the US, the UK, and France have already deployed UCAVs for counter-insurgency and domestic warfare. Though UAVs are often deployed as aerial defence systems, the integration of asymmetric warfare in warfare strategies is expected to drive the use of UCAVs for preemptively neutralizing threats. Thus, developed countries and their prime defence contractors are significantly increasing R&D investments to enhance airstrike capabilities such as stealth technology, which is also known as low observable technology. The increasing adoption of electronic warfare is expected to drive the need for superior payload systems integrated onboard UAVs. This, in turn, will fuel the growth of the global market during the forecast period. 

Key UAV Payload And Subsystems Market Challenge

The SWaP-C constraints will be a major challenge for the market during the forecast period. The increasing adoption of small UAVs for a wide range of roles, ranging from short-span urban reconnaissance to long-endurance surveillance missions, has compelled UAV designers to explore unconventional design features that can be integrated into UAVs to significantly enhance operational capabilities. The complexity and diversity of UAV applications and their underlying payload system requirements have led to design challenges faced by developers. One such challenge is to meet the criteria of integrating high-performance payload systems onboard UAVs within SWaP-C constraints. The need for smart sensors with imagery capabilities is driving the development of UAV payloads. Maintaining continuous communication with foreign ATC systems is needed for relaying classified information without increasing SWaP-C. Custom SFF designs can be expensive over the lifetime of the product. Moreover, small UAVs are required to be outfitted with more mission autonomy for increased situational awareness. Thus, it is challenging for developers to integrate more sensor modules onboard a UAV system and still adhere to its size, weight, and power (SWaP) footprint.

UAV Payload And Subsystems Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of UAV payload and subsystems market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Who are the Major UAV Payload And Subsystems Market Vendors?

AeroVironment Inc. - Mantis i45 Gimbal: This is an EO/IR payload that features a 15-megapixel colour camera. It supports 50x lossless zoom to provide nighttime and low-light capabilities, ranging from near-infrared (NIR) to long-wave infrared (LWIR) imagery.

The report  on analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

• AeroVironment Inc.
• BAE Systems Plc
• Elbit Systems Ltd.
• Israel Aerospace Industries Ltd.
• Lockheed Martin Corp.
• Northrop Grumman Corp.
• Raytheon Co.
• SZ DJI Technology Co. Ltd.
• Textron Inc.
• The Boeing Co.

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Which are the Key Regions for UAV Payload And Subsystems Market?

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44% of the market’s growth will originate from North America during the forecast period. The US is the key market for UAV payload and subsystems in North America. Market growth in this region will be faster than the growth of the market in the European regions.

The geographical extent of the US border necessitates continuous coverage in certain regions that are physically inaccessible by patrol forces. This has resulted in a subsequent increase in the demand for drones with enhanced endurance and low operational costs due to the integration of high-performance, low-power remote navigation systems. Furthermore, the significant deployment of tactical drones in various military operations, including assault, tactical, and covert intelligence gathering, has boosted the demand for UAVs. The increasing demand for UAVs is expected to drive the demand for integrated navigation systems, which will trigger the growth of the market in focus during the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the UAV Payload And Subsystems Market?

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The market share growth by the cameras and sensors segment will be significant during the forecast period. The different types of imaging sensors that can be mounted on a UAV platform have rendered drones as one of the most viable and vital resources for security and ISR missions. The mounted sensors also fulfil the requirements of defence agencies to achieve unprecedented tactical and strategic dominance over their hostile counterparts. Furthermore, the miniaturization of imaging technology enables the mounting of several sensors as payloads in a UAV. These factors are anticipated to drive the growth of the market in focus during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

UAV Payload And Subsystems Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 30%
Market growth 2020-2024	$ 34.96 billion
Market structure	Fragmented
YoY growth (%)	12.75
Regional analysis	North America, Europe, APAC, MEA, and South America
Performing market contribution	North America at 44%
Key consumer countries	US, China, France, Germany, and Russian Federation
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	AeroVironment Inc., BAE Systems Plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., SZ DJI Technology Co. Ltd., Textron Inc., and The Boeing Co.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this UAV Payload And Subsystems Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the UAV payload and subsystems industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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