DALLAS, March 11, 2013 /PRNewswire-iReach/ -- The global UAV payload market valued US$4.0 billion in 2012 and is expected to increase at a CAGR of 4.4% during the forecast period, to reach its peak of US$6.1 billion by 2022. The market consists of three categories: radars and communication, sensors and detection, and weaponry. The radars and communication segment is expected to account for 45% of the global UAV payload market, followed by the sensors and detection segment with a share of 41%.
The global military satellite market valued US$11.8 billion in 2012, and will increase at a CAGR of 3.9% during the forecast period, to reach US$17.3 billion by 2022. The market consists of three categories: communications, ISR and navigation. The communications segment is expected to account for 52.8% of the global military satellite market, followed by the ISR segment with a share of 28.4%, and navigation with the remaining 18.8%.
"The Global UAV Payload Market 2012-2022 - Market Size and Drivers: Market Profile" report (http://www.rnrmarketresearch.com/the-global-uav-payload-market-2012-2022-market-size-and-drivers-market-profile-market-report.html) covers the following in its chapter of market size and drivers: global UAV payload market to show positive growth during the forecast period to 2022; North America dominates the global UAV payload market; Expenditure on radars and communication in US to support the UAV payload market; Europe set to spend US$10.5 billion on UAV payload during the forecast period; UAV payload market in the Asia-Pacific region expected to grow at a CAGR of 5.1%; Israel is expected to lead the UAV payload market in the Middle East; Brazil expected to lead the UAV payload sector in the Latin American region; Markets in Africa expected to grow as foreign defense manufacturers target the region. As a part of the sub-sector market size composition, this research says: Radars and communication payloads expected to constitute the largest share of the UAV payload market during the forecast period; Sensors and detection payloads expected to grow at a CAGR of 5.1% over the forecast period; Weaponry expected to constitute the third largest segment. Demand drivers and growth stimulators for the market covered include: Need for advanced surveillance and combat capabilities creating market opportunities for UAV payloads; Incorporation of UAVs and associated payloads in areas other than defense and demand for Mini UAVs driving demand for compact miniaturized UAV payload. The defense budget spending review covered in this research includes: European capital expenditure expected to increase during the forecast period to 2022; Asian defense budgets expected to increase at a robust pace; North American defense expenditure projected to decline marginally during the forecast period; Modernization programs likely to drive defense expenditure in South American countries; Military budgets of African countries expected to increase during the forecast period and defense budgets of Middle Eastern countries likely to increase to 2022. The defense modernization review in this industry report says : Financial constraints causing delays in European defense modernization programs; Defense budgets of Asian countries likely to be driven by competitive arms acquisitions; Global economic slowdown leading to defense budget cuts in the North American region; Need to replace aging equipment driving South American defense expenditure; Security threats increasing the defense budget of African countries and demand for air defense systems is likely to increase in the Middle East.
"The Global Military Satellites Market 2012-2022 - Market Size and Drivers: Market Profile" report (http://www.rnrmarketresearch.com/the-global-military-satellites-market-2012-2022-market-size-and-drivers-market-profile-market-report.html) covers the following as a part of its regional analysis: North America dominates the global military satellite market; Demand for communication satellite in the US to support the global military satellite market; Military satellite market in Europe expected to grow at a CAGR of 6.5%; Military satellite market expected to grow at a CAGR of 3.4% in the Asia-Pacific region; Expenditure on ISR segment expected to lead the military satellites market in the Middle East; Brazil expected to be the highest spender in the military satellite sector in Latin America and markets in Africa expected to increase over the forecast period to 2022. Within the military satellite sub-sector market size composition, this research mentions: Communication satellite market to record strong CAGR growth; ISR to account for the second largest segment in this sector and market for navigation satellites to grow at a CAGR of 5.8%. As a part of demand drivers and growth stimulators, this industry report covers: increasing reliance on military satellites as capability enhancers and need for additional bandwidth for communication.
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