Drone Payload Market Research Report – Forecast to 2023

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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

Drone Payload Market Research Report By

Forecast To 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


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Drone Payload Market Forecast To 2023

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) & RegionForecast till 2023

The drone payload system is the weight a drone can carry and includes cameras, sensors, and other components. It varies

for different applications. For instance, the payload of drones used in the military sector is larger than the commercial

drones and include weapon systems and missiles. Similarly, the payload of drones used for commercial applications is larger

than the ones used for personal purposes. The payload of UAVs used in commercial sector includes letters, meals,

medicines, and other packages for delivery. However, major restraints of the drone payload market include privacy issues

and national security regulations.

Weight, size, degree of autonomy, and energy source of a drone are major factors influencing its maximum payload

capacity. These technical specifications are directly impact the drone’s performance capabilities, for example it’s range,

flight duration, and loading capacity. Heavy payloads may in some cases be distributed over several drones, exceeding the

payload of only one drone.

Nowadays, the design and configuration of drone airframes mainly depend on the task to be performed and the payload to

be carried. The companies are focused on developing drone airframe structures with reduced size, high durability, and other

improved features. Focus on reducing manufacturing costs for airframe components, use of composite materials, and health

monitoring are some of the key trends concerning drone payload market space.

The increasing need for advancement in technology will offer new growth opportunities to the market players. The factors

responsible for market growth are focus on technology advancement, innovative use of microelectromechanical devices,

and reduction in the size of sensors. Meanwhile, companies such as Amazon, UPS, Google, and other delivery service

providers are experimenting with UAVs for delivery purposes instead of diesel-burning delivery trucks.

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Drone Payload Market Forecast To 2023

Market Segmentation


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Drone Payload Market Forecast To 2023

Global Drone Payload Market, By Segmentation

The global drone payload market has been segmented by type, end-user, application, and region. Synthetic aperture radar is

the most widely used type, and thus, the segment has the largest market share. By end-user, the defense segment is

estimated to witness the largest demand during the forecast period, owing to the high adoption rate of drones in the sector.

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

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.

Key Players

The key players in the global 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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