UAV Subsystem Market Report Overview
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The global UAV subsystem market size is anticipated to be worth USD 7671.67 million in 2021 and is projected to touch USD 13064.48 million by 2027 with a CAGR of 9.28% during the forecast period.
UAV subsystems can be defined as a particular system within themselves, and they are an integral part of the UAV system. It consists of several components like the structural subsystem, population subsystem, secondary flight system, propulsion subsystem, and payload subsystem. These can be considered as the key physical components.
UAV subsystems are very widely used in the military segment for the purpose of border surveillance and defense. These systems consist of drones that are remotely or optionally piloted. This is identified as the latest trend in the market.
SLAM algorithms are very helpful in creating maps. Apart from this, drones which are used in UAV systems have high-resolutions as they use top-notch quality sensors. All of these factors have helped in the immense growth and development of UAV subsystem market share.
COVID-19 impact: Reduction in Manufacturing of Aerial Vehicles During Pandemic Decreased Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The COVID-19 pandemic caused many problems in all the sectors. Manufacturing of different products became a major challenge during pandemic due to certain reasons like unavailability of raw materials, insufficient skilled labors, and disruption in the supply of logistics. Similarly, the UAV subsystems market faced a major problem.
During the pandemic period, manufacturing of aerial vehicles like drones reduced completely. Without drones it is not possible for the UAV subsystems to work efficiently. Several other systems within this system like power system and communication link need aerial vehicles to operate. Reduction in the manufacturing of aerial vehicles led to the downfall of the market during pandemic.
LATEST TRENDS
"Rising Prevalence of UAV Systems in Military Sectors to Increase Market Growth"
One of the most prominent developments that is taking place in the market right now is increasing use of UAV systems within the military sector. The reason for adopting UAV subsystems in military is because of the highly suitable features of UAV systems. These systems consist of fully autonomous aerial vehicles that are remotely piloted, or optionally piloted. These drones are very useful in carrying out border surveillance. Apart from being used in military sectors they are also employed in the commercial sector for the purpose of determining, surveying, and mapping. This is considered as the latest trend in the market.
UAV Subsystem Market Segmentation
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- By Type:
The market can be divided on the basis of type into the following segments.
Ground Control Systems (GCS), and, onboard Computers. The Ground Control Systems (GCS), segment is expected to lead the market during the forecast period.
- By Application:
Classification based on application is as follows:
Military unmanned aerial vehicles, and civilian unmanned aerial vehicles. The Military unmanned aerial vehicles segment is expected to lead the market during the forecast period.
DRIVING FACTORS
"Incorporation of Mapping and Simultaneous Localization to Increase Market Growth"
SLAM or Simultaneous Localization and Mapping are being integrated into UAV subsystems. Online map building can be done with SLAM algorithms. They facilitate in creating land-mark based navigation systems. These are terrain-aided as well. Usage of SLAM algorithms has helped in the UAV subsystem market growth.
It is commonly observed that SLAM algorithms are combined with the maps that are generated in order to find any errors in the internal navigation systems. Ground robot navigation is another sector where UAV subsystems are used. The vast applications of these systems in various industries are driving the market growth.
"High Quality Aerial Imaging to Amplify Market Growth"
UAV subsystems consist of high-quality cameras with greater resolutions. Higher-resolutions can be obtained by using sensors that have really good sensors. High-resolution and top-quality sensors together can take perfect aerial photographs and videos.
They also have the capability to collect immense amount of data in a very accurate manner. From the data that is obtained 3D maps and models are collected. Apart from this UAV subsystems are considered to be a cost saving technology. In the recent years drones have become more pocket-friendly. All of these factors have brought down the market development.
RESTRAINING FACTOR
"Malfunctioning of Softwares and Breach of Privacy to Decrease Market Growth"
Sometimes there can be a malfunctioning in the softwares of the drones that are being used. Due to issues in softwares many problems have taken place. There have been many situations where drones have fired on commoners resulting in injuries and chaos. Drone mishaps are becoming very casual which can become a threat to the life of military personnel.
Another problem of UAV subsystems is that they can be very easily tricked and manipulated. They can also be used for carrying out illegal activities. Breach of information is another disadvantage. All of these factors can hamper the market growth.
UAV Subsystem Market Regional Insights
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"North America to Dominate Market During Forecast Period"
The region that has been dominating the market during the forecast period is North America. Many reasons have become favorable for the development of the market in recent years. The major reason is the adoption of UAV subsystems in both military as well as commercial sectors.
Several good features of drones are also increasing their production in several regions of North America. They are light in weight, cost-effective, and have the capacity to travel very long distances while carrying heavy payloads. All of these factors have favored the growth of market in North America.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- BAE Systems (U.K.)
- Insitu Pacific (Australia)
- Northrop Grumman (U.S.)
- Alpha Unmanned Systems (Spain)
- AAI (India)
- IAI (Israel)
- Aerovironment (U.S.)
- Lockheed Martin (U.S.)
- Boeing (U.S.)
- Elbit Systems (Israel)
Report Coverage
The report provides an insight into the painting taps industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. The report is very useful for making decisions and forecasts. A list of key market players has also been listed.
REPORT COVERAGE | DETAILS |
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Market Size Value In | US$ 7671.67 Million in 2021 |
Market Size Value By | US$ 13064.48 Million by 2027 |
Growth Rate | CAGR of 9.28% from 2021 to 2027 |
Forecast Period | 2022-2027 |
Base Year | 2021 |
Historical Data Available | Yes |
Segments Covered | Type and Application |
Regional Scope | Global |
Frequently Asked Questions
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What value is the UAV subsystem Market expected to touch by 2027?
The UAV subsystem market is projected and estimated to touch USD 13064.48 million in 2027.
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What CAGR is the UAV subsystem market expected to exhibit by 2027?
The UAV subsystem market is expected to exhibit a CAGR of 9.28% by 2027.
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Which are the driving factors of the UAV subsystem market?
SLAM algorithms are very helpful in creating maps. Apart from this, drones which are used in UAV systems have high-resolutions as they use top-notch quality sensors. All of these factors have helped in the immense growth and development of UAV subsystem market share.
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Which are the top companies operating in the UAV subsystem market?
BAE Systems, Insitu Pacific, Northrop Grumman, Alpha Unmanned Systems, AAI, IAI, and, Aerovironment are some of the top companies that are operating in the UAV subsystem market.