Unmanned Aerial Vehicle (UAV) Payload and Subsystems Market by Type and Geography

Global Unmanned Aerial Vehicle (UAV) Payload and Subsystems Market: About this market

The unmanned aerial vehicle (UAV) payload and subsystems market analysis considers sales from cameras and sensors, radar and communications, weaponry, and others . Our analysis also considers the sales of unmanned aerial vehicle (UAV) payload and subsystems in APAC, Europe, North America, South America, and MEA. In 2018, the cameras and sensors segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as miniaturization of imaging technology will play a significant role in the cameras and sensors segment to maintain its market position. Also, our global unmanned aerial vehicle (UAV) payload and subsystems market report look at factors such as advances in electronic warfare (EW), miniaturization of integrated sensors, enhanced application profile encouraging procurement, and innovative product offering. However, SWaP-C constraints, vulnerability to cybersecurity threats, and dissimilar laws and regulations may hamper the growth of the unmanned aerial vehicle (UAV) payload and subsystems industry over the forecast period.

Global Unmanned Aerial Vehicle (UAV) Payload and Subsystems Market: Overview

Enhanced application profile encouraging procurement

The enhanced capabilities of UAVs have led to their proliferation into the defense sector. The adoption of UAVs is enhancing the business value through the simplification of processes such as asset monitoring in widespread construction. Apart from the extensive applications of drones in the defense sector, they are increasingly being deployed for several commercial purposes such as aerial photography and video recording, survey, and documentation of wildlife. The emergence of miniature drones has further led to the integration of the powerful optic capabilities that are useful for critical wildlife protection in terms of curbing poaching. This will lead to the expansion of the global unmanned aerial vehicle (UAV) payload and subsystems market at a CAGR of over 25% during the forecast period.

Use of artificial intelligence in autonomous UAVs

AI powers the new generation drones. Aerial AI has the capabilities to capture a large amount of data on a real-time basis. For example, automated UAVs can scan blades on wind turbines, detect defects on onboard AI models, and provide recommendations for maintenance. Such systems require advanced payload and a power source to operate efficiently for an extended period. Thus emergence of AI-enabled drones is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global unmanned aerial vehicle (UAV) payload and subsystems market is fragmented. The robust vendor analysis is designed to help clients improve their market position and in line with thisTherefore, this report provides a detailed analysis of several leading unmanned aerial vehicle (UAV) payload and subsystems manufacturers, that include AeroVironment Inc., BAE Systems Plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., SZ DJI Technology Co. Ltd., Textron Inc., The Boeing Co., United Technologies Corp.

Also, the unmanned aerial vehicle (UAV) payload and subsystems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

Preface
Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2018
Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY TYPE

Market segmentation by type
Comparison by type
Cameras and sensors - Market size and forecast 2018-2023
Radars and communication - Market size and forecast 2018-2023
Weaponry - Market size and forecast 2018-2023
Others - Market size and forecast 2018-2023
Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic segmentation
Geographic comparison
North America - Market size and forecast 2018-2023
Europe - Market size and forecast 2018-2023
APAC - Market size and forecast 2018-2023
MEA - Market size and forecast 2018-2023
South America - Market size and forecast 2018-2023
Key leading countries
Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 11: MARKET TRENDS

Use of artificial intelligence (AI) for autonomous UAVs
Advent of swarm UAVs
Rapid adoption of sensor fusion technology
Emergence of laser-powered UCAVs
Increasing focus on developing alternative power sources for UAVs
Development of advanced anti-air weapons

PART 12: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
AeroVironment Inc.
BAE Systems Plc
Elbit Systems Ltd.
Israel Aerospace Industries Ltd.
Lockheed Martin Corp.
Northrop Grumman Corp.
Raytheon Co.
SZ DJI Technology Co. Ltd.
Textron Inc.
The Boeing Co.
United Technologies Corp.

PART 14: APPENDIX

Research methodology
List of abbreviations
Definition of market positioning of vendors

List of Exhibits

Exhibit 01: Product overview
Exhibit 02: Global aerospace and defense market
Exhibit 03: Segments of global aerospace and defense market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Global UAV payload and subsystems market share 2018: Segmentation by application
Exhibit 11: Five forces analysis 2018
Exhibit 12: Five forces analysis 2023
Exhibit 13: Bargaining power of buyers
Exhibit 14: Bargaining power of suppliers
Exhibit 15: Threat of new entrants
Exhibit 16: Threat of substitutes
Exhibit 17: Threat of rivalry
Exhibit 18: Market condition - Five forces 2018
Exhibit 19: Type - Market share 2018-2023 (%)
Exhibit 20: Comparison by type
Exhibit 21: Cameras and sensors - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Cameras and sensors - Year-over-year growth 2019-2023 (%)
Exhibit 23: Radars and communication - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: Radars and communication - Year-over-year growth 2019-2023 (%)
Exhibit 25: Weaponry - Market size and forecast 2018-2023 ($ millions)
Exhibit 26: Weaponry - Year-over-year growth 2019-2023 (%)
Exhibit 27: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: Others - Year-over-year growth 2019-2023 (%)
Exhibit 29: Market opportunity by type
Exhibit 30: Customer landscape
Exhibit 31: Market share by geography 2018-2023 (%)
Exhibit 32: Geographic comparison
Exhibit 33: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: North America - Year-over-year growth 2019-2023 (%)
Exhibit 35: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 37: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 38: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 39: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 40: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 41: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 42: South America - Year-over-year growth 2019-2023 (%)
Exhibit 43: Key leading countries
Exhibit 44: Market opportunity
Exhibit 45: Impact of drivers and challenges
Exhibit 46: Vendor landscape
Exhibit 47: Landscape disruption
Exhibit 48: Vendors covered
Exhibit 49: Vendor classification
Exhibit 50: Market positioning of vendors
Exhibit 51: AeroVironment Inc. - Vendor overview
Exhibit 52: AeroVironment Inc. - Business segments
Exhibit 53: AeroVironment Inc. - Organizational developments
Exhibit 54: AeroVironment Inc. - Geographic focus
Exhibit 55: AeroVironment Inc. - Key offerings
Exhibit 56: BAE Systems Plc - Vendor overview
Exhibit 57: BAE Systems Plc - Business segments
Exhibit 58: BAE Systems Plc - Organizational developments
Exhibit 59: BAE Systems Plc - Geographic focus
Exhibit 60: BAE Systems Plc - Segment focus
Exhibit 61: BAE Systems Plc - Key offerings
Exhibit 62: Elbit Systems Ltd. - Vendor overview
Exhibit 63: Elbit Systems Ltd. - Business segments
Exhibit 64: Elbit Systems Ltd. - Organizational developments
Exhibit 65: Elbit Systems Ltd. - Geographic focus
Exhibit 66: Elbit Systems Ltd. - Segment focus
Exhibit 67: Elbit Systems Ltd. - Key offerings
Exhibit 68: Israel Aerospace Industries Ltd. - Vendor overview
Exhibit 69: Israel Aerospace Industries Ltd. - Organizational developments
Exhibit 70: Israel Aerospace Industries Ltd. - Geographic focus
Exhibit 71: Israel Aerospace Industries Ltd. - Key offerings
Exhibit 72: Lockheed Martin Corp. - Vendor overview
Exhibit 73: Lockheed Martin Corp. - Business segments
Exhibit 74: Lockheed Martin Corp. - Organizational developments
Exhibit 75: Lockheed Martin Corp. - Geographic focus
Exhibit 76: Lockheed Martin Corp. - Segment focus
Exhibit 77: Lockheed Martin Corp. - Key offerings
Exhibit 78: Northrop Grumman Corp. - Vendor overview
Exhibit 79: Northrop Grumman Corp. - Business segments
Exhibit 80: Northrop Grumman Corp. - Organizational developments
Exhibit 81: Northrop Grumman Corp. - Geographic focus
Exhibit 82: Northrop Grumman Corp. - Segment focus
Exhibit 83: Northrop Grumman Corp. - Key offerings
Exhibit 84: Raytheon Co. - Vendor overview
Exhibit 85: Raytheon Co. - Business segments
Exhibit 86: Raytheon Co. - Organizational developments
Exhibit 87: Raytheon Co. - Geographic focus
Exhibit 88: Raytheon Co. - Segment focus
Exhibit 89: Raytheon Co. - Key offerings
Exhibit 90: SZ DJI Technology Co. Ltd. - Vendor overview
Exhibit 91: SZ DJI Technology Co. Ltd. - Product segments
Exhibit 92: SZ DJI Technology Co. Ltd. - Organizational developments
Exhibit 93: SZ DJI Technology Co. Ltd. - Key offerings
Exhibit 94: Textron Inc. - Vendor overview
Exhibit 95: Textron Inc. - Business segments
Exhibit 96: Textron Inc. - Organizational developments
Exhibit 97: Textron Inc. - Geographic focus
Exhibit 98: Textron Inc. - Segment focus
Exhibit 99: Textron Inc. - Key offerings
Exhibit 100: The Boeing Co. - Vendor overview
Exhibit 101: The Boeing Co. - Business segments
Exhibit 102: The Boeing Co. - Organizational developments
Exhibit 103: The Boeing Co. - Geographic focus
Exhibit 104: The Boeing Co. - Segment focus
Exhibit 105: The Boeing Co. - Key offerings
Exhibit 106: United Technologies Corp. - Vendor overview
Exhibit 107: United Technologies Corp. - Business segments
Exhibit 108: United Technologies Corp. - Organizational developments
Exhibit 109: United Technologies Corp. - Geographic focus
Exhibit 110: United Technologies Corp. - Segment focus
Exhibit 111: United Technologies Corp. - Key offerings
Exhibit 112: Validation techniques employed for market sizing
Exhibit 113: Definition of market positioning of vendors

Executive Summary

The following companies are recognised as the key players in the global unmanned aerial vehicle (UAV) payload and subsystems market: AeroVironment Inc., BAE Systems Plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co., SZ DJI Technology Co. Ltd., Textron Inc., The Boeing Co., United Technologies Corp.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the use of artificial intelligence in autonomous UAVs.”

According to the report, one of the major drivers for this market is the enhanced application profile encouraging procurement.

Further, the report states that one of the major factors hindering the growth of this market is the vulnerability to cybersecurity threats.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.