Drone Payload Market - Trends and Forecast by 2023


Posted August 2, 2019 by Savnipandit

The report categorizes the market based on Manufacturers Countries/Region, Types and Application
 
Market Highlights:

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.

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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.

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.

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.).

Regional Analysis:

By region, the market is segmented into North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America. North America is expected to dominate the market in the coming years, due to the presence of major drone and payload vendors in the U.S. Asia-Pacific follows North America in the global drone payload market and is estimated to trail North America during the forecast period due to the increased military spending on drone payloads in countries such as India and China. The global drone payload market is estimated to witness a CAGR of 17%, from 2018 to 2023.

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Issued By Savni
Country India
Categories Aerospace
Tags drone payload market
Last Updated August 2, 2019