The unmanned aerial vehicles (UAV) payload market has been anticipated to reach a market value of $2.96 billion in 2012, with significant growth forecast for the next decade.
This surge in the industry has predominantly come from new and innovative payloads being developed which are constantly being reduced in size and weight, but which offer greater capability, flexibility, and maximum mission value.
UAVs are now an integral component of a modern military force, with spending on payloads for intelligence, surveillance and reconnaissance (ISR) missions, continuing to be sizeable.
As UAV airspace becomes more contested, demand will increase for payloads which allow a UAV to defend itself from attack, undertake its ISR or combat mission, and return safely.
UAV payload markets in the US and Europe will remain central to the growth of the market over the next decade.
An increase in spending will be driven by South American and Asia-Pacific countries as they begin to build up their own unmanned capabilities, and require increasingly advanced payload to keep up with the significant developments occurring in the US and other Western nations.
For more information on the UAV payload market, see the latest research: UAV Payload Market Report
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