Boston, MA -- (SBWIRE) -- 01/23/2017 -- UAVs are controlled remotely either by a pilot at a ground station or by onboard computers. Payloads are one of the major components in UAVs. These payloads consist of various equipment and systems depending on their specific mission requirement. As technology has advanced in the last one decade, many different types of UAVs have been developed and inducted into military operations.

Technavio's analysts forecast the global UAV payload and subsystems market to grow at a CAGR of 7.72% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global UAV payload and subsystems market for 2017-2021. To calculate the market size, the report considers the revenue generated in the overall defense market from the procurement of sensors and cameras, weaponry, radars and communication systems, and other types of UAV payload and subsystems (ground control stations [GCS] and onboard computers).

Get More Details on this Report and a Full Table of Contents at Global UAV Payload and Subsystems Market 2017-2021

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global UAV Payload and Subsystems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-AeroVironment
-Boeing
-Elbit Systems
-Lockheed Martin
-Northrop Grumman

Other prominent vendors

-BAE Systems
-GA-ASI
-Israel Aerospace Industries
-Raytheon
-Textron Systems

Market driver

-Increasing demand for lightweight UAV payload
-For a full, detailed list, view our report

Market challenge

-Stringent control over sale of attack UAVs
-For a full, detailed list, view our report

Market trend

-Advancement in stealth technology
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: AeroVironment, Boeing, Elbit Systems, Lockheed Martin, Northrop Grumman, BAE Systems, GA-ASI, Israel Aerospace Industries, Raytheon, Textron Systems

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