Covina, United States: UAV Payload Market, By Type (Cameras & Sensors, Radar & Communications, Weaponry, and Others), By Application (Civilian UAV, and Consumer UAV), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Trends, Analysis and Forecast till 2030
UAV Payload Market Outlook
- Market Value 2020: US$ 8.8 Bn
- Market Value Estimation 2030: US$ 17.87 Bn
- CAGR: 7.4%
UAV Payload Market– UAVs are a crucial component of a military today because they are widely used in combat and surveillance systems. This technology is being bought by governments all around the world to bolster the capabilities of their armies. UAVs are currently being utilised for domestic and business purposes, including filming sporting events, taking aerial photographs, and inspecting oil and gas pipelines, among others. Additionally, this will enhance the demand for UAVs and speed up the expansion of the avionics and payload markets worldwide.
Top News relating to Industry, Innovation:
- In June 2022 – YellowScan introduced Voyager, which is a LiDAR scanning system for fixed-wing and multirotor UAVs (unmanned aerial vehicles) that can capture complex and vertical targets with a data acquisition rate of up to 1800 kHz and accuracy down to 1cm.
- In June 2022- Teledyne FLIR Defence launched its new MUVE B330 drone payload at Eurosatory that can be integrated onboard unmanned aerial systems (UAS) and unmanned platforms to detect deadly biological agents and other airborne biohazards.
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Key Segmentation of the UAV Payload market:
The global UAV Payload Market accounted for US$ 8.8 billion in 2020 and is estimated to be US$ 17.87 billion by 2030 and is anticipated to register a CAGR of 7.4%. The global UAV Payload Market is segmented based on type, application, and region.
- On the basis of type the target market is categorized into Cameras & Sensors, Radar & Communications, Weaponry, and Others.
- On the basis of application, the global UAV Payload Market is segmented into Civilian UAV, and Consumer UAV.
- On the basis of region, the global UAV Payload Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The UAV Payload Market Report mentions the following promising regions:
- North America – U.S., Canada
- Europe – UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific – Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America – Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
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Top-tier significant players:
The prominent player operating in the global UAV Payload market includes Aerovironment, Boeing, Elbit Systems, Lockheed Martin, Northrop grumman, Alpha Unmanned Systems, BAE Systems, IAI, Insitu Pacific, and UAV Vision.
Premium Report offers:
- Assessments of market share for the regional and national segments
- A description of the business, including its goals, finances, and most recent advancements.
- In addition to a comprehensive analysis of market share, the report contains data on significant drivers, restraints, and opportunities.
- The market power of consumers and suppliers is demonstrated via Porter’s five forces study.
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