Global UAV Payload and Subsystems Market are expected to grow at a CAGR of around 9% during 2016-2021. This growth is driven due to significant demand for UAVs and increasing demand for light weight thermal imager, intelligence, surveillance and communication at defense, commercial and homeland application.
As per the MRFR analysis, growing demand for UAVs is one of the major drivers for Global UAV Payload and Subsystems Market because of its extensive range of applications in the commercial, civil, as well as military market. The challenges associated with the market are the risk of collision with domestic flights and attacks using UAVs.
Americas is leading the Global UAV Payload and Subsystems Market; however the demand has increased from emerging nations such as EMEA and Asia Pacific in relation to increasing defense spending to counter national security threat.
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