Study Shows North American Spending On UAV Payloads To Grow Despite Defense Cuts | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 03.23.17

Airborne
03.27.17

Airborne
03.28.17

Airborne
03.29.17

Airborne
03.30.17

Airborne 03.24.17

Airborne-Unmanned 03.28.17

Airborne-YouTube

AMA 03.23.17

Airborne
03.27.17

Airborne
03.28.17

Airborne
03.29.17

Airborne
03.30.17

Airborne 03.24.17

Airborne-Unmanned 03.28.17

Wed, Jan 23, 2013

Study Shows North American Spending On UAV Payloads To Grow Despite Defense Cuts

Market Will Achieve A Cumulative Value Of Over $55 Billion By 2022

The global UAV payload market, valued at $3.9 billion at the end of 2012, is estimated to increase to $6 billion by 2022, representing a Compound Annual Growth Rate (CAGR) of 4.3 percent during the forecast period, according to market research conducted by ASDReports. Market demand is anticipated to be driven by increased UAV procurement by several countries across the world and continuous requirement formulations in areas such as persistent surveillance, suppression/destruction of enemy air defense (SEAD/DEAD), and communications relays and combat search and rescue (CSAR).

Another major factor that is expected to drive the market over the forecast period is the increasing incorporation of UAVs in civilian applications such as Homeland Security, disaster management and border surveillance. The global market is expected to achieve a cumulative value of $55.6 billion during the forecast period.
 
Although North America is expected to witness defense budget cuts during the forecast period, the region’s expenditure on UAV payloads is expected to account for a 49% share of global spending during the forecast period. The US constitutes the largest market of the North American region and is taking substantial steps towards enhancing its UAV payload capabilities through a number of programs such as the five year contract awarded to ImSAR for the procurement of miniature Synthetic Aperture Radars suitable for small UAV applications, procurement of 174 STARLite radar systems, the US Air Force’s contract awarded to Raytheon for the supply of Multi Spectral Targeting Systems for UAVs and the integration of SELEX Galileo’s active electronically scanned array (AESA) radars and other sensors in the MQ-9 Reaper UAVs (pictured).

The recent endeavors undertaken by a number of private and public companies in the US, to implement open architecture designs for UAV payloads are also expected to drive the growth of the UAV payload market by allowing customers the flexibility to integrate future payload capabilities into existing systems. The US market is expected to get a further boost with increasing demand from government organizations that require surveillance systems similar to military UAVs such as coast guard, border patrol organizations, and other national security organizations.

FMI: www.asdreports.com

Advertisement

More News

Airborne-Unmanned 03.28.17: Gremlins UAS, Drone Privacy, Alpha Unmanned Helo

Also: Knifefish UUV, Runway Inspection Drones, Drone Hinders Firefighting, Canada's New Drone Regs DARPA has awarded two Phase 2 contracts of its Gremlins program to Dynetics, Inc.>[...]

G5 Electronic Flight Instrument Approved As A DG/HSI In Certificated Aircraft

Dual G5 Installation Options Support Safety-Enhancing Redundancy With Dual ADAHRS And Back-Up Battery Garmin has announced the approval of the G5 electronic flight instrument for i>[...]

Garmin TeamX Introduces New G3X Touch Display For Experimental Aircraft

Updated Device Features Seven-Inch Portrait Display Garmin has announced a new addition to the G3X Touch glass flight display family, the 7-inch G3X Touch portrait display. For fir>[...]

Airborne 03.29.17: F-16 Makes A Move, Sumwalt to NTSB, DJI Proposes Drone IDs

Also: SKYe SH09, AEA 2017 Opening/NPI, FAA Certifies Elite, Carrier Strike Group, G650 Sim, SBIRS Satellite, Hawaiian Airlines The ‘electric jet’ is moving to South Car>[...]

Airborne 03.28.17: Dynon ADS-B/WX Recvrs, B-29 'Doc' Touring!, Atlanta Tech

Also: Safety Focus, Aero-Calendar, Mechanic Pay, Alaska Airlines, GAMA, CA Aviation Hall Of Fame, Gogo Biz 4G Dynon’s new dual band SV-ADSB-472 receives ADS-B traffic via 978>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC