UAV (unmanned aerial vehicle), also known as drone, is an aircraft without any onboard pilot, passenger or crew. The UAV is controlled remotely using a system of communication. The UAV avionics are components which includes flight management system, communication system, navigation system, surveillance system, and others which used for performing various vital functions of an UAV. The UAV was majorly used for military application initially but with advancement in technology the UAVs are now finds its application in numerous commercial applications.
MARKET DYNAMICS
The UAV avionics market is experiencing significant growth owing to the increasing commercial application of UAVs across various industries. However, regulatory compliance with regards to use of UAVs in certain countries is hindering the growth of UAV avionics market. Meanwhile, the growing procurement of advanced UAVs by armed forces across the globe owing to increasing defense budget is expected to flourish the UAV avionics market.
MARKET SCOPE
The "UAV Avionics Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense with a special focus on the global market trend analysis. The report aims to provide an overview of UAV avionics market with detailed market segmentation by component, application and geography. The global UAV avionics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading UAV avionics market players and offers key trends and opportunities in the UAV avionics market.
MARKET SEGMENTATION
The global UAV avionics market is segmented on the basis of component and application. Based on component, the market is segmented into hardware and software. Further, based in on hardware, the market is further divided into flight management system, communication system, navigation system, surveillance system, and others. On the basis of application, the market is segmented as military UAV and commercial UAV.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global UAV avionics market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The UAV avionics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting UAV avionics market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porters Five Forces analysis highlighting the UAV avionics market in these regions.
IMPACT OF COVID-19 ON UAV AVIONICS MARKET
The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption has had leave an impact on the defense industry. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as UAV avionics will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense. However, demand from commercial end user of UAV avionics has been affected.
MARKET PLAYERS
The reports cover key developments in the UAV avionics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from UAV avionics market are anticipated to lucrative growth opportunities in the future with the rising demand for UAV avionics market. Below mentioned is the list of few companies engaged in the UAV avionics market.
The report also includes the profiles of key UAV avionics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Embention
- Xilinx
- UAV Navigation
- uAvionix
- IDS Ingegneria Dei Sistemi S.p.A.
- BAE Systems
- Scandinavian Avionics A/S
- HENSOLDT Avionics GmbH
- Meteksan Defence Industry Inc.
- Iris Automation Inc.