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UAV Payload and Subsystems Market Trends

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

UAV Payload and Subsystems Market Trends

The UAV payload and subsystems industry is witnessing growing demand for high-resolution cameras and imaging systems for various applications including surveillance, mapping, and agriculture. Additionally, there is an increase in the usage of multispectral and hyperspectral sensors for precision agriculture and mineral exploration. Further, drone manufacturing companies are focused on developing drone-based sensors for several application areas. For instance, in July 2024, idea Forge, a drone manufacturing company acquired GalaxEye, a spacetech start-up. The acquisition helped the company in developing drone-based sensors for fog and foliage penetrations.
 

Moreover, drone manufacturers are emphasizing the development of payload components smaller and lighter to enable UAVs to carry more advanced equipment without affecting their flight performance. The smaller and lighter payloads are less expensive to produce and maintain, making advanced UAV technologies accessible to a wide range of users including SME and research institutions. Furthermore, companies are emphasizing combining multiple sensors into a single payload enabling UAVs to perform various functions simultaneously. For instance, a UAV equipped with a high-resolution camera and a thermal sensor can capture visual as well as thermal data in one flight, which enhances situational awareness and data accuracy.

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.

UAV Payload and Subsystems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 250
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