Demand for UAV payloads and subsystems is dictated by the demand for new UAVs, along with upgrades to current UAVs. UAVs have already been recognised as essential to many military operations and as such, their importance also drives the market for the wide range of UAV payloads available, which include EO/IR sensors and intelligence-gathering subsystems, along with essential communications and navigation equipment. Recent defence spending cuts and realignment of priorities do pose a threat to UAV payloads and subsystems programmes but UAVs’ importance in current and future military operations could help overcome many of those issues.
“UAVs have assumed a key role in airborne surveillance and intelligence-gathering roles. As UAVs are only as good as their sensors and other internal components, demand for UAV payloads and subsystems should see continued growth,” according to the lead UAV analyst,
The newly published report, entitled UAV Payload & Subsystems Market Forecast 2014-2024: Top Electro-Optical / Infrared (EO/IR), Radar & Communications Companies for Military ISR details global spending on UAV payloads and subsystems which will amount to $2.91bn in 2014. The report is packed with 212 tables, figures and charts that illustrate key trends in the UAV payloads and subsystems market at the global level, six submarkets, and in 20 leading national markets. It also profiles 20 of the leading companies in the UAV payloads and subsystems market. The report also includes an exclusive interview with Aeryon Labs underpinning visongain’s analysis of this dynamic sector.
Source: ASDReports - Market Research
Date: Mar 12, 2014