Global Drone Payload Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Drone Payload Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global drone payload market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global drone payload market report has been segmented on the basis of type, end user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Drone payload refers to certain weight carrying capacity of the unmanned arial vehicle. Payload includes weight of sensors, camera, or packages for delivery, which is calculated excluding the weight of the drone. Most of the drones are equipped with cameras and microphones as by manufacturers. But other payload such as various types of sensors such as infra-red sensors and biological sensors can be attached to the drone as per the requirement of the customers.
Various types of sensors are attached to the drones in order to receive better data. Cameras regulated by sensors such as biological sensors are used to trace microorganisms, and meteorological sensors are used to measure humidity, temperature, wind, etc. Increasing adoption of various types cameras and sensors in drones in various applications is a major factor driving growth of the global drone payload market.
In addition, cameras attached to drones are also used for criminal investigation, surveillance, criminal prosecution in law enforcement. Increasing demand for drones as an alternative to manned aircrafts in order to reduce cost of aerial operations. Aforementioned are some of the other major factors fueling growth of the global market to a significant extent. Prominent features of small aircrafts with capacity of heavy payload which provide efficient data, and has lower chance of damage in harsh environments and conditions is a major factor expected to boost growth of the global drone payload market in the near future.
However, limitations regarding payload designs is a factor that may hamper growth of the global drone payload market. Nevertheless, increasing adoption of drones by commercial sector and increasing adoption of drones for delivery of packages and mails can create high revenue opportunities for players operating in the target market.
On the basis of application segmentation, the synthetic aperture radar (SAR) segment is expected to dominate in the global market in terms of revenue in the near future. Growing adoption of synthetic aperture radar in defense sector for identification of potential threats is a factor supporting growth of this segment in the global drone payload market.
Market in North America is expected to dominate in the global market in terms of revenue over the forecast period. Growing use of drones for surveillance, battel assessment, and other applications in defense sector is a key factor driving growth of the target market in this region. In addition, increasing adoption of drones in commercial applications is another factor expected to propel growth of the target market. Europe market is expected to account for second-highest share in terms of revenue in the global market, followed by markets in Asia Pacific, Middle East & Africa, and Latin America.
Global Drone Payload Market Segmentation:
Segmentation by type:
- Laser Sensors
- Electro-Optical/Infrared (EO/IR)
- CBRN Sensors
- Signals intelligence (SIGINT)
- Synthetic Aperture Radar (SAR)
- Electronic Intelligence (ELINT)
- Communications intelligence (COMINT)
- Others (Electronic Warfare (EW), Maritime Patrol Radar (MPR))
Segmentation by end user:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Lockheed Martin Corporation
- AeroVironment, Inc.
- Elbit Systems Ltd.
- BAE Systems plc
- Northrop Grumman Corporation
- Thales Group
- Israel Aerospace Industries Ltd.
- Parrot S.A.
- SZ DJI Technology Co., Ltd.
- 3D Robotics, Inc.
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