The global UAV payload and subsystems market is likely to grow at a CAGR of 6.9% during the forecast period. In 2016, the Americas accounted for 50% of the market, followed by EMEA and APAC, with shares of 30% and 20% of the market.
Payload and subsystems are one of the major components in the UAVs. These payloads are mounted below the UAVs and consist of various equipment depending on the mission requirement such as cameras, signal intelligence, communication intelligence, electro optic / infrared sensors, and electronic warfare. UAVs are being largely utilized in military, civil and commercial market owing to its low cost.
UAVs are increasingly being used in civil, commercial and military market owing to its low-cost. Military forces majorly utilize UAVs to execute missions that were considered unsafe with manned aircraft. They are widely used by the military forces across the world for intelligence, surveillance and reconnaissance missions. Commercial users utilize UAVs in wild life research, photography, and oil and gas industries. The agriculture industry uses UAVs to help farmers complete their work in given time. These factors drive the market during the forecast period.
Global UAV Payload and Subsystems Market 2015 (USD Billion)
UAVs are not able to transmit or receive signals. This drawback increases the chances of collision with commercial flights. In the event of a crash, these vehicles pose huge threat to person and property. In addition, UAVs are prone to hacking using GPS signals, where the vehicle can be controlled by terrorists or anti-social elements, thereby risking human life.
The advancements in technology have led to introduction of new generation UAVs such as medium-altitude long-endurance (MALE) UAVs, miniature UAVs and others. There is a major shift toward solar powered UAVs as these are capable of flying at higher altitudes and endurance up to 300 hours. UAVs use stealth technology previously used by manned vehicles, which enables the aircraft go undetected by radars.
“Optimal Price Point (OPP) for UAV Payload and Subsystem Market”
Estimated Average solution cost – $ xx globally. However, with growth in demand for UAV Payload and subsystem market beyond EU and U.S., OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
In Nov 2016, Aero ID has developed sensor payload which detects explosive and otherwise hazardous material. The payload works by shining an ultraviolet laser at the object of interest.
UAV Sensor designers are pushing into unmapped technological territory as they consider extreme design tradeoffs to improve sensor performance while reducing size, weight, and power consumption. Electro-optical payloads are the sensors that enable unmanned vehicles to see and avoid obstacles, detect movement, navigate accurately, find the enemy, and warn of the potential for buried improvised explosive devices (IEDs).
In the Micro Air Vehicle category of UAVs, the Wasp UAV provides the advanced capabilities in a smaller, lighter and more portable package for rapid deployment and minimal logistics support. AeroVironment has introduced the Wasp AE Small Unmanned Aircraft system. The Wasp AE has been accepted by the U.S. Air Force for inclusion in its Battlefield Air Targeting Micro Air Vehicle (BATMAV) program. The Air Force conducted rigorous engineering and user assessments of Wasp AE over a one-year period to ensure compliance with the requirements of the BATMAV program.