Synopsis
This
report is the result of SDI’s extensive market and company research covering
the global UAV payload industry. It provides detailed analysis of both historic
and forecast global industry values, factors influencing demand, the challenges
faced by industry participants, analysis of the leading companies in the
industry, and key news.
Introduction
and Landscape
Why
was the report written?
The
Global
UAV Payload Market 2012-2022” offers the reader detailed analysis of the
global UAV payload market over the next ten years, alongside potential market
opportunities to enter the industry, using detailed market size forecasts.
What
are the key drivers behind recent market changes?
The
global UAV payload market is expected to value US$43.7 billion by the end of
2012, which is estimated to increase to US$68.6 billion by 2022, representing a
CAGR of 4.6% during the forecast period. Market demand is anticipated to be
driven by increased UAV procurement by several countries across the world and
continuous requirement formulations in areas such as persistent surveillance,
suppression/destruction of enemy air defense (SEAD/DEAD), communications relays
and combat search and rescue (CSAR). Another major factor which is expected to
drive the market over the forecast period is the increasing incorporation of
UAVs in civilian applications such as Homeland Security, disaster management
and border surveillance.
What
makes this report unique and essential to read?
The
Global UAV Payload Market 2012-2022” provides detailed analysis of the current
industry size and growth expectations from 2012 to 2022, including highlights
of key growth stimulators. It also benchmarks the industry against key global
markets and provides detailed understanding of emerging opportunities in
specific areas.
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Key Features and Benefits
The
report provides detailed analysis of the market for UAV payload during
2012-2022, including the factors that influence why countries are investing or
cutting defense expenditure. It provides detailed expectations of growth rates
and projected total expenditure.
Northrop
Grumman, Rheinmetall, FLIR Systems, AeroVironment, BAE Systems, Elbit Systems,
Denel Dynamics, L 3 WESCAM, Thales, Lockheed Martin, SAAB, General Atomics
Aeronautical Systems, AAI Corporation, Israel Aerospace Industries
A
low number of countries, including the US, UK, and Israel, are currently using
armed drones. The US used combat UAVs with munitions in numerous missions in
Afghanistan to strike suspected terrorists and insurgents. The country has
recently doubled its fleet of Reaper combat UAVs in Afghanistan. The UK also
performs strike missions with its UAVs in Afghanistan. However, numerous
countries are undertaking strategies to equip their fleets with combat UAVs in
the future, which is expected to bolster the demand for weaponry payloads.
Key
Market Issues
The
Europe and North America account for an estimated 80% of global defense
spending. These countries were, however, among the hardest hit by the global
financial crisis. This has led to austerity measures being introduced by
national governments, which in turn have resulted in reduced defense budgets
and the cancellation and indefinite delay of various UAV and associated payload
projects. All these factors have had a detrimental effect on the growth of the
UAV payload industry.
The
overall industry consists of approximately 36 companies dominated by a few
large firms. The new entrants and smaller firms are encountered with
substantially high barriers to secure a considerable share of the market. For
example, in the UAV and payload industry of the US, a major share of more than
half of the total market revenue is shared by the top four companies.
Key
Highlights
With
the expected growth in market demand and diversity in UAV
applications, there is a growing requirement for the future UAV and payload
design to combine multi mission, modular, open architecture features, capable
of accomplishing diverse missions. In addition, with the drive towards
austerity measures in defense budgets in developed countries, the UAVs are
expected to be flexible enough for diverse operations than dedicated to a
single mission.
In
recent times, UAVs have attracted significant attention for use in both
military and homeland security. As the best substitute to the otherwise used
manned aircraft for surveillance and reconnaissance missions, UAVs are now
attracting significant investment by several countries. Payloads are essential
systems in the UAVs which are instrumental in carrying out various missions and
the demand for UAV payloads is thus expected to increase proportionally with
the UAVs.
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