DUBLIN--(BUSINESS WIRE)--The "Global UAV Payload and Subsystems Market - Market Forecast and Analysis (2018-2023)" report has been added to Research and Markets' offering.
The market for unmanned aerial vehicle (UAV) payload and subsystems is expected to grow at a significant CAGR of 9.13% during the forecast period (2016-2021). 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.
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. North America is the biggest market for unmanned aerial vehicle payload and subsystems, but its growth is slowly plateauing due to a reduction in American defense expenditure.
Asia-Pacific is projected to witness a significant growth during the forecast period, riding on Japan's resurgence as a military spender and also from the Indian, Chinese and South Korean markets. Saudi Arabia, which has limited drone capabilities, is also ramping up purchases and upgrades, to counter the increasing regional threats. There are several ongoing activities in the region for UAV systems and payloads.
- Elbit Systems
- Bae Systems Plc
- Northrop Grumman
- Harris Corporation
- Caci International
- Rheinmetall Defense
- Thales Raytheon Systems
- General Dynamics
Key Topics Covered:
2. Executive Summary
3. Market Overview & Trends
4. Market Dynamics
5. Global UAV Payload and Subsystems Market, Segmented By Payload
6. Global UAV Payload and Subsystems Market, Segmented By Subsystems
7. Global UAV Payload and Subsystems Market, Segmented By Geography
8. Competitive Landscape
9. Key Vendor Analysis
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