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Global UAV Payload and Subsystems Market


Unmanned Aerial Vehicles are increasingly taking the place of regular manned aircraft for certain missions and combat operations. This trend requires them to perform similar functions to that of the manned aircraft. In 2013, The United States Navy launched its first drone squadron that has a mix of unmanned as well as manned aircraft. The rising operational demand from the Unmanned Aerial Vehicles is compelling the UAV manufacturers to push the boundary on the capabilities of the UAV, and as a result are putting tremendous focus on the payload and sub systems market. The market for UAV payload and subsystems will grow at a significant CAGR of 8.94% in the forecast period.

The share of C4I payload and subsystems is the highest in the market, but it is the electro optic payloads which will grow at the fastest pace in the forecast period. The electro optic systems help the unmanned aerial vehicles in accurate navigation and detection. The C4I systems though will continue to hold the highest market share at the end of the forecast period.

North America is the biggest market for unmanned aerial vehicle payload and subsystems, but the growth in the market is slowly moderating due to falling defense expenditure of the United States. There are several ongoing activities in the region for UAV systems and payloads. In 2015, L3 Communications has acquired Force X which is an ISR Specialist. This acquisition allows L3 to move from a hardware provider to an information provider. In the same year, Harris Corporation has acquired Exelis (a leading vendor in airspace surveillance and sense and avoid tool) which positioned the new entity very favorably to capitalize on the massive opportunities seen in the global market. Asia Pacific on back of resurgence of Japan as a military spender and markets like India, China, and South Korea will see the significant growth rate in the forecast period. Saudi Arabia which has limited drone capabilities, is also ramping up purchases and upgrades, in order to counter the increasing threats in the region.

Elbit Systems, Northrop Grumman, and Boeing are some of the key players in the Global UAV Payload and Subsystems Market. The market has been segmented by Payload (C4I, radar, electronic warfare, electro optic, sonar), and by Geography (North America, South America, Europe, Middle East & Africa and Asia Pacific).

What the report offers

1) Market analysis of Global UAV Payload and Subsystems Market with specific assessments and competition analysis on global and regional scales

2) Market definition along with the identification of key drivers, opportunities and restraints

3) Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies

4) Global UAV Payload and Subsystems Market, forecasts from 2015-2020.

5) Global UAV Payload and Subsystems Market segmentation by Payload, forecasts from 2015-2020

6) Global UAV Payload and Subsystems Market segmentation by Geography, forecasts from 2015-2020

7) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

8) Extensively researched competitive landscape section with profiles of major companies along with their market shares

9) Identification and analysis of the macro and micro factors that affect the Global UAV Payloads and Subsystems Market on both global and regional scales

10) A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

11) A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

12) Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped

 


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