Global UAV Payload and Subsystems Market - Analysis of Growth, Trends, and Forecast (2018 - 2023)

SKU ID : INH-13104006 | Publishing Date : 18-Apr-2018 | No. of pages : 100

The global UAV payload and subsystems market is expected to grow atregister a CAGR of 9.64%, to
reach USD 14.26 billion by the year 2023during the forecast period. UAVs are replacing regular
manned aircraft for certain missions and combat operations. Rising operational demands are
compelling manufacturers to push the boundaries on UAV capabilities, thereby, increasing the focus
on this market. The market demand would be significantly driven by increased UAV procurement
from several countries across the world. Several improvement in the areas of persistent surveillance
systems, electronic countermeasures, and improvement in communications, along with increase in
search and rescue operations with the help of UAVs would also help to create new opportunities for
UAV payloads. UAV payloads consists of sensors, communication systems, and electronics to
collect and manage the data generated. C4I has the highest market share of payload and
subsystems, and would continue to hold this position by the end of forecast period. However, the
market for electro optic payloads is expected to have the highest growth rate, due to high price of
optical fiber.

Market Dynamics

Improvements in technology have led to the rapid growth of UAVs market, driving the growth of UAV
payload subsystems. Increase in the demand for UAVs has brought about significant advancements
in processor technology which have enabled significant performance gains in ISR payloads. The
increase in capability improvements has also helped to bring about a standardized system-level
architecture which helps to reduce cost and complexity. The increase in UAV technologies has led to
an widespread increase in the demand of commercial UAVs, which are mainly being used for
surveying, scanning, aerial photography, 3D mapping, oil and & gas pipeline monitoring, wind turbine
blade inspection, real estate survey, and many other similar applications.

Though there are several technological advancements which are enhancing ISR technology and
onboard UAV platforms, the unmanned vehicles (UAVs) face significant challenges in terms of size,
weight, and power (SWaP). Thereby, the high-performance processing elements used in the modern
UAVs require hardware platforms, which can provide significant support to the additional size and
heat that these UAVs generate. 3U boards are comprehensively used in a number of UAVs. However,
these boards do not have the adequate space to perform the complex processing, the memory
arrays and all the other I/O and high-speed interfaces. Thereby, with the integration of advanced
packages in the board it generates significant amount of heat in the 3U boards and even leads to its
damage.

Key Developments in the Market

• February 2018: Aircraft and undersea drone carrying submarines was likely to disrupt warfare
• September 2017: Threod Systems Developed UAS and Subsystems for Tactical and Commercial Applications

Major Players – AEROVIRONMENT, BOEING, BAE SYSTEMS PLC, CACI INTERNATIONAL, THALES RAYTHEON SYSTEMS amongst others.

Reasons to Purchase this Report

• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
• Identifying the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet in excel

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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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