Global UAV Payload and Subsystems Market 2017-2021
About UAV Payload and Subsystems
UAVs are controlled remotely either by a pilot at a ground station or by onboard computers. Payloads are one of the major components in UAVs. These payloads consist of various equipment and systems depending on their specific mission requirement. As technology has advanced in the last one decade, many different types of UAVs have been developed and inducted into military operations.
Technavio’s analysts forecast the global UAV payload and subsystems market to grow at a CAGR of 7.72% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global UAV payload and subsystems market for 2017-2021. To calculate the market size, the report considers the revenue generated in the overall defense market from the procurement of sensors and cameras, weaponry, radars and communication systems, and other types of UAV payload and subsystems (ground control stations [GCS] and onboard computers).The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global UAV Payload and Subsystems Market 2017-2021
Technavio recognizes the following companies as the key players in the global UAV payload and subsystems market: AeroVironment, Boeing, Elbit Systems, Lockheed Martin, and Northrop Grumman.
Other Prominent Vendors in the market are: BAE Systems, GA-ASI, Israel Aerospace Industries, Raytheon, and Textron Systems.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is advancement in stealth technology. The use of stealth technology, also called low observable technology, began in the late 1960s. It advocates a sub-discipline of defense tactics that promote passive electronic countermeasures to make aircraft, submarines, ships, missiles, and satellites less visible or undetectable to radars, infrared, sonars, or other detection platforms. Over the years, various manned aircraft have been developed to feature stealth technology to remain undetectable.”
According to the report, one of the major drivers for this market is increasing demand for lightweight UAV payload. The use of carbon composite materials in manufacturing UAV airframes has gained acceptance widely. These materials ensure reduced weight and enhanced service life, reducing the overall maintenance cost per landing. Many companies have been using these composite manufacturing technologies for UAVs since the last decade.
Further, the report states that one of the major factors hindering the growth of this market is stringent control over sale of attack UAVs. Despite UAVs' growing popularity, manufacturers are facing enormous challenges to offer products that can comply with the different laws and restrictions (permissible flying altitudes vary from countries to countries). Component suppliers are also exposed to the legal constraints arising from stringent and heterogeneous regulatory policies for the import and export of defense equipment components and sub-systems.
AeroVironment, Boeing, Elbit Systems, Lockheed Martin, Northrop Grumman, BAE Systems, GA-ASI, Israel Aerospace Industries, Raytheon, Textron Systems.
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