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Published: Jan, 2016 | Pages:
88 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)
The global UAV payload market size is expected to reach USD 6.34 billion by 2022 according to a new report by Grand View Research, Inc. Technological advancements and increasing investments in R&D have driven the UAV market. Increasing demand in military and commercial UAV industry has propelled industry growth. Payloads are a part of larger drone system and depend on the application segment of the UAV system. UAV payload comprises sensors, cameras, gimbal controllers, communications systems, and weaponry. Applications of such UAVs in energy, agriculture, retail, and media and entertainment sectors along with fire fighting and surveying are expected to positively impact payload industry growth. Drones are gradually becoming popular in the commercial sector as well after making their presence felt in the military sector. However, stringent government policies regulating the use of such UAVs commercially are expected to pose a challenge to the payload industry. Further key findings from the report suggest: Camera, imagers, and sensing equipment segment led the global UAV payload industry accounting for nearly 40% of the industry revenue share in 2014. Increasing applications in law enforcement and surveillance activities are expected to drive the demand for such equipment over the next seven years. Moreover, use of drones with high resolution cameras in commercial film industry and aerial photography activities is expected to generate considerable demand for such equipment. Radar and communication equipment form an essential part of military and commercial UAS. These form a link between the drone operator at the ground control unit and the UAVs enabling efficient navigation and maneuvering. Weaponry payload equipment is projected to grow at a CAGR of over 5% owing to the increasing adoption and deployment of drones in military and defense activities across the globe. Other payload equipment such as agricultural equipment, delivery drone equipment, and panels for solar-powered drone are anticipated to witness steady growth over the next few years. North America dominated the global UAV equipment industry acquiring over 40% of the overall global revenue share in 2014. Extensive use of advanced military drones in combat operations and war zones is expected to drive growth in the region. Favorable initiatives by the government and aviation regulatory authorities such as the FAA in the U.S. and EASA in the European region regarding the use of commercial drones have led to an overall surge in demand for drone payload in the region. Projected to grow at a CAGR of 5.6% from 2015 to 2022, Asia Pacific regional market is anticipated to be a region with vast growth avenues in the industry. Increased investments by countries such as China, India, and Japan in military and commercial drones are expected to derive huge demand for drones and its payloads over the forecast period. Key drone payload manufacturers include Israel Aerospace Industries, L-3 Communications, Insitu, Orbit, and Textron Inc. Vendors are increasingly adopting mergers and acquisitions to establish dominance in the market. Drone manufacturers collaborate with technology suppliers to enhance their products as compared to their competitors' products in the industry.
Table of Contents
s Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. UAV payload - Industry snapshot and key buying criteria, 2012 - 2022 Chapter 3. UAV Payload Industry Outlook 3.1. Market segmentation 3.2. Market size and growth prospects 3.3. UAV payload value chain analysis 3.3.1. Vendor landscape 3.4. UAV payload market dynamics 3.4.1. Market driver analysis 3.4.1.1. Increased government spending in military and defense 3.4.1.2. Growing demand in commercial applications 3.4.2. Market restraint analysis 3.4.2.1. Stringent government regulations 3.5. Key opportunities prioritized 3.6. Industry analysis - Porter's 3.7. UAV payload - Key competitor analysis, 2014 3.7.1. Market strategy overview 3.8. UAV payload market PESTEL analysis, 2014 Chapter 4. UAV Payload Equipment Outlook 4.1. Cameras & Sensors 4.1.1. Global market estimates and forecasts, 2012 - 2022 4.1.2. Radar & Communications 4.1.2.1. Global market estimates and forecasts, 2012 - 2022 4.1.3. Weaponry 4.1.3.1. Global market estimates and forecasts, 2012 - 2022 4.1.4. Others 4.1.4.1. Global market estimates and forecasts, 2012 - 2022 Chapter 5. UAV Payload Regional Outlook 5.1. North America 5.1.1. UAV payload market by equipment, 2012 - 2022 5.2. Europe 5.2.1. UAV payload market by equipment, 2012 - 2022 5.3. Asia Pacific 5.3.1. UAV payload market by equipment, 2012 - 2022 5.4. Latin America 5.4.1. UAV payload market by equipment, 2012 - 2022 5.5. MEA 5.5.1. UAV payload market by equipment, 2012 - 2022 Chapter 6. Competitive Landscape 6.1. Barnard Microsystems Limited 6.1.1. Company Overview 6.1.2. Financial Performance 6.1.3. Product Benchmarking 6.1.4. Strategic Initiatives 6.2. Curtiss-Wright Defense Solutions 6.2.1. Company Overview 6.2.2. Financial Performance 6.2.3. Product Benchmarking 6.2.4. Strategic Initiatives 6.3. Elbit Systems Ltd. 6.3.1. Company Overview 6.3.2. Financial Performance 6.3.3. Product Benchmarking 6.3.4. Strategic Initiatives 6.4. FreeWave Technologies Inc. 6.4.1. Company Overview 6.4.2. Financial Performance 6.4.3. Product Benchmarking 6.4.4. Strategic Initiatives 6.5. Gilat Satellite Networks 6.5.1. Company Overview 6.5.2. Financial Performance 6.5.3. Product Benchmarking 6.5.4. Strategic Initiatives 6.6. Insitu 6.6.1. Company Overview 6.6.2. Financial Performance 6.6.3. Product Benchmarking 6.6.4. Strategic Initiatives 6.7. Israel Aerospace Industries 6.7.1. Company Overview 6.7.2. Financial Performance 6.7.3. Product Benchmarking 6.7.4. Strategic Initiatives 6.8. L-3 Communications 6.8.1. Company Overview 6.8.2. Financial Performance 6.8.3. Product Benchmarking 6.8.4. Strategic Initiatives 6.9. Lockheed Martin Corporation 6.9.1. Company Overview 6.9.2. Financial Performance 6.9.3. Product Benchmarking 6.9.4. Strategic Initiatives 6.10. Northrop Grumman 6.10.1. Company Overview 6.10.2. Financial Performance 6.10.3. Product Benchmarking 6.10.4. Strategic Initiatives 6.11. ORBIT 6.11.1. Company Overview 6.11.2. Financial Performance 6.11.3. Product Benchmarking 6.11.4. Strategic Initiatives 6.12. Textron Inc.. 6.12.1. Company Overview 6.12.2. Financial Performance 6.12.3. Product Benchmarking 6.12.4. Strategic Initiatives
List of Tables
TABLE 1 UAV Payload - Industry Summary & Key Buying Criteria, 2012-2022 TABLE 2 Global UAV payload market, 2012 - 2020 (USD Million) TABLE 3 Global market estimates and forecasts by region, 2012 - 2022 (USD Million) TABLE 4 Global UAV payload market by equipment, 2012 - 2022 (USD Million) TABLE 5 Key market participants TABLE 6 UAV payload - Key market driver impact TABLE 7 UAV payload - Key market restraint impact TABLE 8 Key UAV payload companies, 2014 TABLE 9 Global demand for cameras & sensors, 2012 - 2022 (USD Million) TABLE 10 Global demand for cameras & sensors by region, 2012 - 2022 (USD Million) TABLE 11 Global demand for radar & communications, 2012 - 2022 (USD Million) TABLE 12 Global demand for radar & communications by region, 2012 - 2022 (USD Million) TABLE 13 Global demand for weaponry, 2012 - 2022 (USD Million) TABLE 14 Global demand for weaponry by region, 2012 - 2022 (USD Million) TABLE 15 Global demand for other equipment, 2012 - 2022 (USD Million) TABLE 16 Global demand for other equipment by region, 2012 - 2022 (USD Million) TABLE 17 North America market by equipment, 2012 - 2022 (USD Million) TABLE 18 Europe market by equipment, 2012 - 2022 (USD Million) TABLE 19 Asia Pacific market by equipment, 2012 - 2022 (USD Million) TABLE 20 Latin America market by equipment, 2012 - 2022 (USD Million) TABLE 21 MEA market by equipment, 2012 - 2022 (USD Million)
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