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UAV Payload and Subsystems Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
UAV Payload and Subsystems Market SizeThe global UAV Payload and Subsystems market was valued at US$ 6711.8 million in 2023 and is anticipated to reach US$ 12830 million by 2030, witnessing a CAGR of 9.5% during the forecast period 2024-2030.
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UAV payload and subsystems is majorly utilized by military forces to enhance the ability to execute missions that are not considered safe. Military forces across the world utilize UAVs to perform intelligence, surveillance, and reconnaissance missions. Commercial users utilize UAVs in wildlife research, photography, and in the oil and gas exploration among others. It is also widely used in agriculture to help farmers in precision farming activities.
The market demand would be significantly driven by increased UAV procurement from several countries across the world. Several improvement in the areas of persistent surveillance systems, electronic countermeasures, and improvement in communications, along with increase in search and rescue operations with the help of UAVs would also help to create new opportunities for UAV payloads. UAV payloads consists of sensors, communication systems, and electronics to collect and manage the data generated. C4I has the highest market share of payload and subsystems, and would continue to hold this position by the end of forecast period. However, the market for electro optic payloads is expected to have the highest growth rate, due to high price of optical fiber.
This report aims to provide a comprehensive presentation of the global market for UAV Payload and Subsystems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding UAV Payload and Subsystems.
By Type
• Camera and Sensors
• Weaponry
• Radars and Communications
By Application
• Civil
• Military
Key Companies
Boeing, BAE Systems, Elbit Systems, Lockheed Martin, Northrop Grumman, AeroVironment, GA-ASI, Israel Aerospace Industries, Raytheon, Textron Systems
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