Dublin, July 02, 2019 (GLOBE NEWSWIRE) -- The "UAV Payload and Subsystems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global UAV payload and subsystems market reached a value of US$ 7.6 Billion in 2018. The market is further expected to reach a value of US$ 11.6 Billion by 2024, exhibiting a CAGR of 7.3% during 2019-2024.
An Unnamed Ariel Vehicle, i.e. UAV, or a drone indispensably carries extra weight which is not included in the weight of the drone itself. This weight includes extra cameras, sensors or packages for delivery. Payloads which are required for business drones mainly include GPS, additional data telemetry, LiDAR etc.
With the advancement in technology, military sectors as well as commercial users are increasingly utilising drones to enhance their services and outputs. The size and weight of the payloads is decided by the weight of the drone. A heavier drone can carry big payloads. The demand of payload subsystems is increasing in parallel with the increasing popularity of drones.
Drivers of Global UAV Payload and Subsystems Market:
Both developed as well as the developing nations are seeking the utility of drones for various tasks such as to improve the surveillance and communication systems, make rescue operations more efficient, and the collection and management of data. A wide range of payloads including sensors, communication systems and electronics, etc., are required for performing all the aforementioned tasks.
There are numerous improvements made in persistent surveillance systems, electronic counter-measures and communications. Along with this, there has been a rise in the use of UAVs for the purpose of search and rescue operations.
UAVs are being increasingly deployed in military and defence activities. The military industry has increased its spending on the payload subsystems for surveillance, intelligence and imaging, detection of mapping as well as for carrying the weaponries.
The UAV payload subsystems market has seen a noticeable boost accrediting to the frequent utilisations of UAVs in the agriculture, retail, media and entertainment sectors. Commercial users enhance their photography outputs by using the UAVs.
Key Questions Answered in This Report:
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global UAV Payload and Subsystems Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Subsystems
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.10 Porters Five Forces Analysis
6 Market Breakup by Type
6.1 Camera and Sensors
6.3 Radar and Communications
7 Market Breakup by Subsystems
7.1 GCS System
7.2 Signal Transmission System
7.3 Propulsion System
8 Market Breakup by Application
9 Market Breakup by Region
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.3 Elbit Systems
10.3.4 BAE Systems
10.3.5 Northrop Grumman Corporation
10.3.6 Harris Corporation
10.3.7 CACI International
10.3.8 Rheinmetall AG
10.3.10 Lockheed Martin Corporation
10.3.11 Israel Aerospace Industries
10.3.12 General Dynamics Corporation
10.3.15 Textron Systems
For more information about this report visit https://www.researchandmarkets.com/r/owdbwi
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