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UAV Payload and Subsystems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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    Report

  • 90 Pages
  • August 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 4534303
UP TO OFF until Sep 30th 2022
The UAV payload and subsystems market is poised to register a CAGR of more than 8% during 2022-2027.

While the COVID-19 pandemic has affected consumer shipments and hampered commercial rollout, the pandemic has been alleviated by augmented usage of drones for public service responses and surveillance by both national and local police forces. The changing regulatory framework in the countries and a massive upscaling of drone operations are expected to drive the growth of this market during the forecast period.

The emergence of medium-altitude long-endurance (MALE) and high-altitude long-endurance (HALE) UAV systems have been a vital game-changer for technologically superior nations. Unmanned combat aerial vehicles (UCAVs) are being extensively employed for suppression and destruction of enemy air defense; electronic attack; communication transfer; combat, search, and rescue; and intelligence, surveillance, and reconnaissance (ISR) operations. The growing integration of weapon systems onboard UAVs is expected to propel the growth of the market.

Key Market Trends


Sensor Miniaturization is Driving New Market Opportunities


UAVs have emerged as indispensable aerial tools in modern combat scenarios due to their ability to provide high-resolution reconnaissance, long-distance precision strikes, and aerial combat engagement. Furthermore, the rapid technological growth has enabled technology developers to design miniaturized EO/IR payloads offering sufficient heat dissipation and conforming to industry standards without compromising on performance. Owing to the tactical advantages, both defense and commercial operators in several countries have been investing in developing and procuring small drones with enhanced imaging capabilities. Miniaturization COTS technologies are providing low-ISR products for even the smallest UAVs in the market. Furthermore, designers of infrared sensors for aerospace and defense applications are focusing their research efforts on EO and infrared (IR) sensors for multispectral sensing and imaging, improving the resolution of IR sensors to match those of visible-light sensors, blending IR sensors with laser range finders, and shrinking the size of IR sensor packages for unmanned vehicles and other miniature applications. Besides, system integrators are keenly investing in developing lightweight commercial off-the-shelf sensors and lighting subsystems that can enhance the endurance of UAVs. On this note, in May 2021, Yuneec International Co. Ltd. (Yuneec) and FoxFury Lighting Solutions partnered to add Foxfury light weight powerful light systems to the Yuneec flagship H520, H520E, and H520E-RTK UAVs for night missions. The Yuneec H520/H520E/RTK Hexacopters deliver the greatest stability in winds up to 45 mph and consistency as both autonomous and manual autonomous missions are completed even with the loss of one motor. FoxFury light systems are well matched for ground and air missions and are specifically designed to be transportable in the air and ground, helping public safety and construction worldwide. These developments are expected to fuel the growth of the market focus during the forecast period.



North America Accounted for a Major Market Share in 2021


The geographical extent of the US border necessitates continuous coverage in certain regions that are physically inaccessible by patrol forces. This has resulted in a subsequent increase in the demand for drones with enhanced endurance and low operational costs due to the integration of high-performance, low-power remote navigation systems. Furthermore, the significant deployment of tactical drones in various military operations, including assault, tactical, and covert intelligence gathering, has boosted the demand for UAVs. As of May 2022, Textron announced the company completed a successful first flight and maritime integration of the Aerosonde Small Unmanned Aerial System (sUAS) on a Guided Missile Destroyer (DDG) of the US Navy. The UAV was integrated as a part of the multi-year contract signed in September 2021 for maritime Intelligence, Surveillance, and Reconnaissance (ISR) services aboard two DDGs. In addition to the deployment of UAVs for military applications, the use of drones has been increasing at a rapid pace in the commercial sector to support a wide range of applications like delivery of medical supplies and cargo, construction, and recreational applications. Such developments are envisioned to bolster the business opportunities for the market in focus during the forecast period.



Competitive Landscape


The UAV payload and subsystems market is characterized by the presence of limited dominant vendors operating at a global level. The market is highly competitive, with players competing to gain the largest market share. Constraints associated with bandwidth allocation and SWaP characteristics of UAV payloads, endurance constraints, and the presence of dissimilar laws and regulations are key factors that impede the growth of the market. It is crucial for vendors to provide state-of-the-art systems to drone OEMs to survive and succeed in an intensely competitive market environment. In this regard, in March 2021, Elbit Systems introduced the new variant of its Advanced Multi-Sensor Payload System (AMPS NG) for UAVs, which introduces Shortwave Infrared (SWIR) technology to the existing CCD (Charge-Coupled Device) TV sensors with a unique dual FLIR sensor design. The majority of the defense OEMs integrate advanced sensors and other supporting subsystems aboard their UAV offerings to minimize R&D costs pertaining to the cross-integration of communication platforms. Hence, vendors mainly compete based on their in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and a strong client base. The competitive environment in the market is likely to intensify further due to an increase in product/service extensions and technological innovations.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.

Table of Contents

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Payload
5.1.1 Sensors
5.1.2 Weaponry
5.1.3 Radar and Communications
5.1.4 Other Payloads
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 India
5.2.3.3 Japan
5.2.3.4 Rest of Asia-Pacific
5.2.4 Latin America
5.2.4.1 Brazil
5.2.4.2 Rest Latin America
5.2.5 Middle-East and Africa
5.2.5.1 United Arab Emirates
5.2.5.2 Saudi Arabia
5.2.5.3 Israel
5.2.5.4 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 AeroVironment Inc.
6.2.2 BAE Systems plc
6.2.3 Elbit Systems Ltd.
6.2.4 FLIR Systems, Inc.
6.2.5 IAI Group
6.2.6 L3Harris Technologies, Inc.
6.2.7 Lockheed Martin Corporation
6.2.8 Northrop Grumman Corporation
6.2.9 SZ DJI Technology Co., Ltd.
6.2.10 Textron Inc.
6.2.11 The Boeing Company
6.2.12 YUNEEC
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AeroVironment Inc.
  • BAE Systems PLC
  • Elbit Systems Ltd
  • Teledyne Technologies Incorporated
  • Israel Aerospace Industries Ltd
  • L3Harris Technologies Inc.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • SZ DJI Technology Co. Ltd
  • Textron Inc.
  • The Boeing Company
  • YUNEEC

Methodology

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