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Unmanned Aerial Vehicles (UAV) Payload & Avionics Market, Analysis And Forecast, 2016 - 2022

Unmanned Aerial Vehicles (UAV) Payload & Avionics Market, Analysis And Forecast, 2016 - 2022

  • May 2016
  • 131 pages
  • ID: 4818058
  • Format: PDF
  • BIS Research
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Table of Contents

UAVs are gradually gaining popularity in the present day due to several advantages offered by UAVs over manned aircraft. Some of the advantages of UAVs over manned aircrafts are cost saving, have greater flight endurance in comparison to manned aircrafts, prevent life threats, and increase mobility due to variety of launching platforms, thereby increasing mission efficiency.

The global UAV payload market is estimated to witness a growth at a CAGR of 8.3% from 2016 to 2022. This growth is expected due to an increasing consumer demand and growing opportunities for the UAV payload and avionics in the defense and commercial areas. Payloads comprises of cameras, sensors, missiles, and electronic warfare among others, whereas avionics include Inertial Navigation System (INS), GPS, Inertial Measurement Unit (IMU) Autopilot and Sense and Avoid System among others.

The U.S. generated the maximum revenue in the year 2015 in the global UAV payload and avionics industry among all the regions; whereas, India has the maximum potential to grow in the forecast period. If the industry grows at the same pace, it is anticipated to reach over $3.9 billion by the end of forecast period 2022.

The Industry Analysis section consists of rules and regulations imposed by governments of different nations on the use of UAVs. This chapter includes value chain analysis of the payload market and procurement data by several countries around the globe. The report segregates payload and avionics market on the basis of payload or avionic type, their applications and by geographical region along with the recent partnerships, product developments, mergers, and new programs among others in UAV payload and avionic market.

Moreover, the company profile section includes detailed information about the key players of the industry, along with their financials, and key strategies & developments for the recent years. Some of the key players involved in this market are Finmeccanica SpA, FLIR Systems Inc., Sagem, Velodyne, GoPRO Inc., BAE Systems, Aerovironment and Controp Precision Technologies Ltd among others.

The report is a compilation of different segments of Global UAV payload and avionics Market including market breakdown by type, applications, geography, factors driving the market opportunities and challenges to the market. The report also discusses about the key participants involved in the industry and provides a SWOT analysis for the major players.

The report answers the following questions about the Global UAV payload and avionics Market:
- What are the prevailing payload types, and companies producing them?
- What are the basic applications of the UAVs?
- What are the different factors driving the market in the forecast period?
- What are the factors restraining the growth of Global UAV payload and avionics market?
- What are the different application areas of UAV payload?
- Who are the different participants in the global UAV payload and avionics market?
- What types of new strategies are being adopted by existing market players to make a mark in the industry?
- Which region will lead the global UAV payload and avionics market by the end of forecast period?
- What are the different ongoing UAV payload programs and the recent developments in the UAV payload and avionics market?

Executive Summary
UAVs are an important part of a country’s military nowadays, owing to their proliferated usage in combat and surveillance applications. Governments across the globe are procuring this technology in order to further strengthen their military powers. UAVs are currently being used for homeland and commercial applications such as filming events, aerial photography, oil and gas pipe line inspection among others, leading to an increase in the UAV demand and rapid growth of global UAV payload and avionics market.

In terms of value, the UAV payload and avionics market is expected to reach $3.93 billion by the year 2022, at a double digit CAGR from 2016-2022. The UAV payload and avionics market is anticipated to expand with a significant rate due to increasing demand of UAVs.

The UAV payload and avionics market has been tracked according to the types of payloads, application areas, and geography. Revenue generated from various application areas namely-commercial application, non-commercial application, homeland and defense have been analyzed. The report also covers the UAV payload and avionics market on a global scale, and consequently provides revenue data of the key regions. The market is further segmented on the basis of geography. North America, Europe, Asia Pacific and countries and Rest of the World are the regions considered for the research study along with the top countries from these regions

UAV payload includes cameras, sensors, missiles, ammunitions and electronic warfare among others. Camera payload has maximum share of the market in terms of revenue in the year 2016 and Chemical Biological Radiological and Nuclear (CBRN) holds the lowest share in the market 2016. Growth in demand of small UAVs due to DIY hobbies supports the growth of global UAV payload and avionics market. Additionally, the technological advancement in payloads in the recent years have led to minimization of overall weight of UAVs and increase in flight endurance which is supporting the UAV payload and avionics market to grow at a significant rate.

An overall increase in the procurement of UAV has led the growth of avionics in the global market, since avionics are one of the major components of UAVs. With a vision of building fully autonomous UAVs and preventing drone crashes, huge capital funds are being invested in research and development of highly advanced and efficient avionics for UAVs. Several companies such as BAE Systems, Finmeccanica SpA, and IAI among others, along with government and defense agencies are making an effort to achieve this vision.

In terms of revenue generation, the market is dominated by North America owing to the presence of major market players such as FLIR systems, Aerovironment, GoPRO, Aeryon Labs among others. Emerging economies in the APAC region such as India, South Korea, and Pakistan among others are providing special emphasis on increasing their overall defense budget, and procuring UAVs in order to secure their nation’s airspace. This makes APAC the fastest growing region across the globe during the forecast period from 2016-2022.

Some of the key players in the industry are GoPRO Inc, BAE Systems, Finmeccanica SpA, FLIR Systems Inc., Aeryon Labs, Sagem, and Velodyne among others. These companies are aiming for new product launches and more number of mergers & acquisitions so as to expand their market further and pose as a potential hindrance for the entry of new market players.

Countries Covered
North America, Europe, Asia Pacific, Rest of The World

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