Dublin, May 11, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Unmanned Aerial Vehicles (UAV) Payload & Avionics Market, Analysis and Forecast, 2016 - 2022" report to their offering.

In terms of value, the UAV payload and avionics market is expected to reach $3.93 billion by the year 2022, at a double digit CAGR from 2016-2022. The UAV payload and avionics market is anticipated to expand with a significant rate due to increasing demand of UAVs.

The UAV payload and avionics market has been tracked according to the types of payloads, application areas, and geography. Revenue generated from various application areas namely- commercial application, non-commercial application, homeland and defense have been analyzed. The report also covers the UAV payload and avionics market on a global scale, and consequently provides revenue data of the key regions. The market is further segmented on the basis of geography. North America, Europe, Asia Pacific and countries and Rest of the World are the regions considered for the research study along with the top countries from these regions

UAV payload includes cameras, sensors, missiles, ammunitions and electronic warfare among others. Camera payload has maximum share of the market in terms of revenue in the year 2016 and Chemical Biological Radiological and Nuclear (CBRN) holds the lowest share in the market 2016. Growth in demand of small UAVs due to DIY hobbies supports the growth of global UAV payload and avionics market. Additionally, the technological advancement in payloads in the recent years have led to minimization of overall weight of UAVs and increase in flight endurance which is supporting the UAV payload and avionics market to grow at a significant rate.

An overall increase in the procurement of UAV has led the growth of avionics in the global market, since avionics are one of the major components of UAVs. With a vision of building fully autonomous UAVs and preventing drone crashes, huge capital funds are being invested in research and development of highly advanced and efficient avionics for UAVs. Several companies such as BAE Systems, Finmeccanica SpA, and IAI among others, along with government and defense agencies are making an effort to achieve this vision.

In terms of revenue generation, the market is dominated by North America owing to the presence of major market players such as FLIR systems, Aerovironment, GoPRO, Aeryon Labs among others. Emerging economies in the APAC region such as India, South Korea, and Pakistan among others are providing special emphasis on increasing their overall defense budget, and procuring UAVs in order to secure their nation's airspace. This makes APAC the fastest growing region across the globe during the forecast period from 2016-2022.

The UAV payload market is expected to grow rapidly in the forecast period due to an increasing demand of the UAVs for commercial, defense, and homeland applications. In order to empower the overall military inventory of several nations, global demand of UAVs is increasing. Owing to the growing popularity of the market, the author has published a report titled, Global UAV Payload and Avionics Market - Analysis & Forecast: 2016-2022 encompassing a comprehensive segmentation of the market into type, applications and geography.

The report identifies key players in the industry and provides a detailed competitive analysis for these players. Some of the major key players are Finmeccanica SpA, BAE systems, FLIR systems Inc, and GoPRO Inc among others. Moreover, the report tracks the significant recent developments in the UAV payload and avionics industry, product launches, mergers or acquisitions, new partnerships among other major events, and includes a detailed chapter based on competitive insights regarding these events.

Key Topics Covered:

1 Executive Summary
1.1 Global Market Scenario
1.2 UAV Payload & Avionics Market
1.3 Payload Equipped UAVs In Commercial Application
1.4 UAV Payload Market By Application
1.5 Regional Analysis

2 Report Scope

3 Research Methodology

4 Industry Analysis
4.1 Rules & Regulations
4.2 Value Chain Analysis
4.3 UAV Classification & Specifications
4.4 UAV Procurements, By Countries
4.5 Global UAV Spending, By Range
4.6 Future UAV Programs and Spendings
4.7 UAV Payload Programs

5 Market Dynamics

6 Competitive Insights
6.1 Competitive Landscape
6.2 Competitive Developments & Strategies

7 UAV Payload & Avionics Market Size
7.1 Classification Of UAV Payloads And Avionics
7.2 UAV Payload & Avionics Market
7.3 UAV Payload & Avionics Market Size
7.4 Market Size Of UAV Equipped Payloads
7.5 UAV Payload And Avionics Market Scenario By Geography

8 UAV Payload & Avionics Market, By Type
8.1 Introduction
8.2 UAV Payload Market, By Type
8.3 UAV Avionics Market

9 Market, By Application
9.1 Introduction
9.2 Payload Equipped UAV Market, By Application
9.3 Payload Equipped UAV Market, By Non-Commercial Application
9.4 Payload Equipped UAV Market Share, By Commercial Application
9.5 Payload Equipped UAV Market, By Commercial Application
9.6 UAV Payload Market, By Application

10 Market, By Geography

11 Company Profiles
11.1 Go Pro, Inc.
11.2 Controp Precision Technologies Ltd.
11.3 Israel Aerospace Industries Ltd.
11.4 Finmeccanica Spa
11.5 Aeryon Labs, Inc.
11.6 Flir Systems, Inc.
11.7 Aerovironment, Inc.
11.8 Velodyne Lidar, Inc.
11.9 L3 Wescam
11.1 Sagem
11.11 BAE Systems

For more information visit http://www.researchandmarkets.com/research/4rzdwk/unmanned_aerial

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         Sector: Unmanned Aerial Vehicles (UAVs) - Drones, Military Unmanned Systems

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