Drone Payload Market Analysis to 2023 – Top Companies are Northrop Grumman Corporation, Aerovironment Inc, , Parrot S.A., SZ DJI Technology Co. Ltd, and 3D Robotics Inc

Press Release

Global Drone Payload Market by Type (EO/IR, Cameras, SAR, SIGINT, ELINT, COMINT, MPR, Laser Sensors, CBRN Sensors & Optronics), End-User (Defense & Commercial), Application (Mapping and Surveying, Photography, Monitoring, ISR, Others) & Region–Forecast till 2023

The drone payload market is estimated to witness a CAGR of 17% from 2018 to 2023

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Market Scenario:

The drone payload is the additional weight that drone can carry. Most drones are equipped with cameras, sensors, and other components by its manufacturer. Cameras can be useful payloads for the prevention, criminal investigation, and camera surveillance. Drones with sensors can be useful to supervise and enforce permits. However, there are some shortcomings, such as the privacy issue and national security regulations, which will restrain the growth of this market. 

Other useful payloads include, fire extinguishing materials, speakers and light signals for crowd control purposes. The miniaturization of payload component is the most incremental development. For instance, new materials and lighter and more efficient cameras create better trade-offs between the drone and its surveillance technology.

The drone payload system is the weight a drone can carry and includes cameras, sensors, and other components. It varies for different applications. For instance, the payload of drones used in the military sector is larger than the commercial drones and include weapon systems and missiles. Similarly, the payload of drones used for commercial applications is larger than the ones used for personal purposes. The payload of UAVs used in commercial sector includes letters, meals, medicines, and other packages for delivery. However, major restraints of the drone payload market include privacy issues and national security regulations.

Segmentation:

By Type

  • EO/IR
  • Cameras
  • SAR
  • Sigint
  • Elint
  • Comint
  • MPR
  • Laser Sensors
  • CBRN Sensors
  • Optronics

By End-User

  • Defense
  • Commercial

By Application

  • Mapping and Surveying
  • Photography
  • Monitoring
  • ISR
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

Scope of the Report:

This study provides an overview of the Drone Payload Market, tracking five market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the drone payload market by its type, end-user, application, and region.

Key Players:

The key players in drone payload market are BAE Systems Plc (U.K), Elbit Systems Ltd (Israel), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Aerovironment Inc. (U.S.), Thales Group (France), Israel Aerospace Industries (Israel), Parrot S.A. (France), SZ DJI Technology Co. Ltd (China), and 3D Robotics Inc (U.S.)

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