Despite US Sequester, Global UAV Payload and Homeland Security Spending Will Continue to Rise Through 2022
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The Global UAV Payload Market 2012-2022 - Market Size and Drivers: Market Profile
The global UAV payload market is expected to value US$3.9 billion by the end of 2012, which is estimated to increase to US$6 billion by 2022, representing a CAGR of 4.3% during the forecast period. 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 US$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.
This report provides readers with a comprehensive analysis of the UAV Payload market through 2012-2022, including highlights of the demand drivers and growth stimulators for UAV Payload. It also provides an insight on the spending pattern and modernization pattern in different regions around the world.
Learn more and request free sample pages from the full report at http://www.giiresearch.com/report/sdi264042-global-uav-payload-market-market-size-drivers.html
The Global Homeland Security Market 2012-2022 - Market Size and Drivers: Market Profile
The global homeland security market is estimated to value US$197.9 billion in 2012 and to increase at a CAGR of 3.55% during the forecast period, to reach its peak of US$280.6 billion by 2022. The market consists of six categories which include Infrastructure, Counter Terrorism, Maritime Security, Police Modernization, Border Security and Cyber Security.
While the global homeland security market is definitely an attractive and lucrative one, the sheer scale of funding required to effectively implement the new technologies presents an obstacle for market growth. This especially holds true in light of planned defense budget cuts announced by various countries globally and especially by European countries. High costs have led to many governments redirecting their budgets towards more manpower-intensive solutions or towards relatively commoditized and cost-effective systems.
This report provides readers with a comprehensive analysis of the Homeland Security market through 2012-2022, including highlights of the demand drivers and growth stimulators for Homeland Security. It also provides an insight on the spending pattern and modernization pattern in different regions around the world.
Learn more and request free sample pages from the full report at http://www.giiresearch.com/report/sdi254819-global-homeland-security-market-market-size.html
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