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

In recent years, the growing technological capability in drone technology has propeled the market for improvement of drone payload capacity. The factors such as innovative usage of micro-electromechanical devices and reduction of sensor size are driving the market growth. Cameras, sensors, and microphones are most often used payloads for drones. Cameras are used for night vision, heat sensing, and surveillance purpose. Sensors are used for tracking people and assessing potential escalations. Other payloads include fire extinguisher materials, speakers, and light signals for crowd control purposes. Similarly, for search and rescue operations, drones used to carry food, water, and medicine, for survivors.

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Meanwhile, companies such as Amazon, UPS, Google, and other delivery service providers are experimenting with UAVs for delivery purposes. However, drones are also banned from flying within five miles of an airport unless special permission is granted. Federal Aviation Administration (FAA) has establish stringent rules regarding commercial drone usage. The privacy issue and national security regulations are limiting the growth of the drone payload market.

On the basis of application, the mapping and surveying segment is estimated to witness the largest demand during the forecast period.

North America is going to play a major role in the improvement of the overall market share due to the presence of major drone and payload vendors in the U.S. Asia-Pacific is expected to be an emerging market during the forecast period due to increased military spending on drone payloads in countries such as India and China.

We recognize the key players in the drone payload market as 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.).

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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