Drone Payload Market Growth Rate, Future Forecast to 2023

Posted December 26, 2018 by sakkk18

Drone Payload Market by Type, End-User (Defense & Commercial), Application (Mapping and Surveying, Photography, Monitoring, ISR, Others) & Region–Forecast till 2023

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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Market Overview

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. The market for drone payload is estimated to witness a CAGR of 17%, during the forecast period.

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.

By region, the market is segmented into North America, Asia-Pacific, Europe, the Middle East and Africa, and Latin America. The presence of major drone and payload vendors in the U.S. will boost the market in North America. The increased military spending on drone payloads in countries such as India and China will boost the market in Asia-Pacific.

The 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.

By Type

Laser Sensors
CBRN Sensors
By End-User

By Application

Mapping and Surveying
By Region

North America
Middle East & Africa
Latin America
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Issued By MRFR
Country India
Categories Aerospace , Business , Research
Tags Drone Payload Market , Drone Payload Market Size , Drone Payload Market Share , Drone Payload Market Trends , Drone Payload Market analysis , Drone Payload Market growth
Last Updated December 26, 2018