According to the latest report by IMARC Group, titled “UAV Payload and Subsystems Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026”, the global UAV payload and subsystems market size reached a value of US$ 8.7 Billion in 2020. Looking forward, IMARC Group expects the global UAV payload and subsystems market to exhibit moderate growth during 2021-2026. The UAV is a remote aircraft, also referred to as a drone, that can either be operated by a pilot at a ground station or fly autonomously based on pre-programmed flight plans or dynamic automation systems. Payloads are essential components in UAVs that are added to perform specific operational missions. Advancements in electro-optical payloads have enabled unmanned vehicles to see and avoid obstacles, navigate accurately, detect movement, locate the enemy, and inform the potential for buried improvised explosive devices (IEDs). Earlier, UAVs were designed to maximize military endurance and range, but technological advancements have enabled private entrepreneurs to develop commercial applications for these systems.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/uav-payload-subsystems-market/requestsample
The defense industry is one of the key areas that widely utilize UAVs. Owing to the stealth technology, which enables the aircraft to go undetected by radars, UAVs are employed by the military and defense sector to execute intelligence, surveillance and reconnaissance (ISR) missions. In addition, UAVs are also used for various purposes in wildlife research, photography, oil and gas, and agriculture industries. Apart from this, the launch of innovative variants, such as miniature and hybrid UAVs by manufacturers, is also contributing significantly to the market growth. Also, an increasing number of partnerships between several key players with the aim to create advanced UAVs with the latest technology is also expected to influence the market growth. For instance, BAE Systems and engineers from Prismatic collaborated to develop a new solar powered high-altitude long endurance (HALE) UAV subsystem known as PHASA-35. It has a long-life battery and ultra-lightweight solar cells that have the potential to maintain flights for up to 12 months.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/uav-payload-subsystems-market
Key Market Segmentation:
The competitive landscape of the market has also been examined with some of the key players being AeroVironment, Boeing, Elbit Systems, BAE Systems, Northrop Grumman Corporation, Harris Corporation, CACI International, Rheinmetall AG, Thales Raytheon Systems, Lockheed Martin Corporation, Israel Aerospace Industries, General Dynamics Corporation, GA-ASI, Raytheon and Textron Systems.
- Based on the type, the market has been segmented as camera and sensors, weaponry, radar and communications, and others. Amongst these, cameras and sensors are currently dominating the market.
- On the basis of the subsystem, the ground control station (GCS) system accounts for the largest market share. Some of the other subsystems are signal transmission and propulsion system.
- Based on the application, the market is segmented into military and civil. Currently, the market is being dominated by the military segment.
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: [email protected]
Follow us on twitter: @imarcglobal