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UAV Payload and Subsystems Market Share

Report ID: GMI10448
Published Date: Jul 2024
Report Format: PDF

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UAV Payload and Subsystems Market Share

Northrop Grumman Corporation and Lockheed Martin Corporation dominate the UAV payload and subsystems industry with a market share of over 10% in 2023. Northrop Grumman Corporation focuses on developing modern sensor technologies and high-resolution imaging systems for UAV payloads. Additionally, the company is focused on AI-driven solutions to improve UAV autonomy and operational efficiency.

Lockheed Martin Corporation is emphasizing designing modular payload systems that offer flexibility and scalability for different UAV platforms. Furthermore, expand capabilities in expanding capabilities in unmanned combat systems such as the development of UAVs with advanced weapon systems and autonomous operation capabilities.

UAV Payload and Subsystems Market Companies

Major players operating in the UAV payload and subsystems industry are:

DJI Technology Co., Ltd.
Elbit Systems Ltd.
General Atomics Aeronautical Systems
Israel Aerospace Industries (IAI)
L3Harris Technologies, Inc.
Lockheed Martin Corporation
Northrop Grumman Corporation
Textron Inc.
Thales Group
The Boeing Company

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

Global industry size for UAV payload and subsystems was valued at USD 10.4 billion in 2023 and is anticipated to register over 6.5% CAGR between 2024 and 2032 and is driven by increasing defense budgets across the globe.

The payload segment in the UAV payload and subsystems market is expected to reach USD 11 billion by 2032 attributed to the growing usage of cameras in UAVs for applications requiring improved image quality such as surveillance, mapping, and agriculture.

North America market held 41% revenue share in 2023 due to the presence of favorable regulations and policies and growing use of UAVs in commercial sectors.

DJI Technology Co., Ltd., Elbit Systems Ltd., General Atomics Aeronautical Systems, Israel Aerospace Industries (IAI), L3Harris Technologies, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, and Textron Inc., among others.