Increasing technological advancements in sensor technologies, raising governments spending on defence, and diminishing camera prices are some of the major factors bolstering the market growth.
According to Stratistics MRC, the Global Drone Payload Market is expected to grow from $4.28 billion in 2016 to reach $13.54 billion by 2023 with a CAGR of 17.8%.
Furthermore, wider applicability in environmental studies and cost efficiency in military are the factors boosting the market. However, security & privacy issues, strict regulations, and complexities in design are hindering the market growth.
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Among all component segments, Synthetic Aperture Radar (SAR) is expected to dominate the global market with a higher market share over the forecast period. The growth is owed to increasing usage in defence applications for recognizing threats.
North American market is estimated to be the dominant among others attributed to increasing demand from U.S., increasing adoption in military services. Asia Pacific is likely to grow at a moderate rate during the forecast period.
Some of the key players in Global Drone Payload Market include 3D Robotics, Inc., Aerovironment, Inc., Aeryon Labs Inc., BAE Systems PLC., Barnard Microsystems, Elbit Systems Ltd, FLIR Systems, Inc., FreeWave Technologies, Gilat Satellite Networks, GoPro, Inc., Israel Aerospace Industries, Lockheed Martin Corporation, Northrop Grumman Corporation, Parrot SA, SZ DJI Technology Co. Ltd, Textron Inc., and Thales Group.
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Communication Intelligence (Comint)
Electronic Intelligence (Elint)
Signal Intelligence (Sigint)
Maritime Patrol Radar (MPR)
Synthetic Aperture Radar (SAR)
Electronic Warfare (EW)
End Users Covered:
Climate & Pollution Monitoring
Film Production & Marketing
Mapping & Surveying
Oil & Gas
Wild Life Research & Survey
Battle Damage Assessment & Target Designation
Intelligence, Surveillance & Reconnaissance
Other End Users
Rest of Europe
Rest of Asia Pacific
Rest of the World
o Middle East
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
List Of Tables:
1 Global Drone Payload Market Outlook, By Region
2 Global Drone Payload Market Outlook, By Component
3 Global Drone Payload Market Outlook, By Cameras
4 Global Drone Payload Market Outlook, By Laser Sensors
5 Global Drone Payload Market Outlook, By CBRN Sensors
6 Global Drone Payload Market Outlook, By Electro-Optic/Infrared Sensor
7 Global Drone Payload Market Outlook, By Communication Intelligence (Comint)
8 Global Drone Payload Market Outlook, By Electronic Intelligence (Elint)
9 Global Drone Payload Market Outlook, By Signal Intelligence (Sigint)
10 Global Drone Payload Market Outlook, By Maritime Patrol Radar (MPR)
11 Global Drone Payload Market Outlook, By Synthetic Aperture Radar (SAR)
12 Global Drone Payload Market Outlook, By Optronics
13 Global Drone Payload Market Outlook, By Electronic Warfare (EW)
14 Global Drone Payload Market Outlook, By End User
15 Global Drone Payload Market Outlook, By Commercial
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