According to the latest report by IMARC Group, titled "UAV Payload and Subsystems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global UAV payload and subsystems market size reached US$ 10.2 Billion in 2022. Unmanned aerial vehicles (UAVs) refer to remotely operated aircraft that do not need any pilot onboard and can be controlled autonomously. They use the payload to add weight to the aircraft while guaranteeing minimal impact on maneuverability and mobility. This weight includes extra cameras, sensors, global positioning systems (GPS), ground control systems (GCS), additional data telemetry, light detection and ranging (LiDAR), or packages for delivery. The size and weight of a payload depend on the drone's weight since a heavier drone can carry bigger payloads. On the other hand, a subsystem is used to collect mission data and broadcast them to ground-based data centers for assessment while guaranteeing uninterrupted control and communications. The payload subsystem can have varying roles depending on the type of payload selected. As a result, UAV payload and subsystems are widely used in defense and military applications such as suppressing and destructing enemy air defense, electronic attack, communication transfer, and intelligence, surveillance, and reconnaissance (ISR) operations.
Global UAV Payload and Subsystems Market Trends:
The increasing adoption of drones for improving surveillance and communication systems, making search and rescue operations more effective, and collecting and managing data is primarily driving the global UAV payload and subsystems market growth. Besides this, the large-scale deployment of UAVs and enhanced spending on the payload subsystems in the military and defense sector for a wide range of applications, such as surveillance, intelligence, imaging, detection of mapping, and carrying weapons, are strengthening the market growth. Moreover, the increasing use of UAVs for aerial photography, survey, documentation of wildlife, providing internet facilities in remote locations, and public service missions are creating a positive outlook for the market. In addition to this, strategic collaborations between industry players for designing sophisticated UAVs using the latest technology combined with continuous innovations, including the advent of miniaturized EO/IR payloads for sufficient heat dissipation, are aiding in market expansion. Concurrent with this, the introduction of electro-optical payloads that allows UAVs to navigate precisely, detect movement, track and avoid obstacles, locate the enemy, and inform the resources about explosive devices are presenting lucrative opportunities for the market. Furthermore, the widespread employment of drones in the agriculture, retail, media, and entertainment sectors is fuelling the demand for UAV payload and subsystems, thus acting as another growth-inducing factor. Looking forward, the market value is projected to reach US$ 15.7 Billion by 2028, expanding at a CAGR of 7.48% during 2023-2028.
- On the basis of the type, the market has been segregated into camera and sensors, weaponry, radar and communications, and others. Amongst these, cameras and sensors hold the largest market share.
- Based on subsystems, the market has been categorized into ground control station, signal transmission, and propulsion systems. At present, the ground control station system represents the biggest segment.
- On the basis of the application, the market has been bifurcated into military and civil. Currently, military applications hold the major division.
- On a regional basis, the market is dominated by North America, followed by Asia Pacific, Europe, Middle East and Africa, and Latin America.
- 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, ThalesRaytheonSystems, Lockheed Martin Corporation, Israel Aerospace Industries, General Dynamics Corporation, GA-ASI, Raytheon and Textron Systems.
|Base Year of the Analysis
||Type, Subsystems, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||AeroVironment, Boeing, Elbit Systems, BAE Systems, Northrop Grumman Corporation, Harris Corporation, CACI International, Rheinmetall AG, ThalesRaytheonSystems, Lockheed Martin Corporation, Israel Aerospace Industries, General Dynamics Corporation, GA-ASI, Raytheon and Textron Systems
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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.
134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800