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Drone Payload Market By Application, By Type: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 223 Pages
  • April 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640519
Description Jump to:
The payload is the amount of weight that a drone or unmanned aerial vehicle (UAV) can transport. It is typically counted in addition to the weight of the drone and includes anything extra to the drone, such as extra sensors, parcels for delivery, or cameras. In addition, payloads are one of the unmanned aircraft system (UAS) subsystems that are installed on unmanned aircraft vehicles (UAV) and can be operated by a remote control system or the ground stations. Payloads, such as LiDAR, sensors, cameras, and others stay physically attached to the UAV during the mission, but their contribution is critical to mission success. However, some dispensable payloads can be released from the aerial vehicle during flight, based on a signal received from the radio controller or ground station.

The drone payload market experiences immense growth, which is driven by promising growth rate of the drone market, increase in demand for improved surveillance, and increase in market for location-based services. However, privacy and security concerns, high-resolution satellite imagery, and strict drone regulations factors are expected to restrain the growth of the drone payloads market during the forecast period. On the contrary, increase in application areas for GPS, LiDAR, mapping services, and others, improvement in drone payload technologies, and rise in defense expenditure globally are the major factors that are expected to supplement the drone payloads market, thereby providing a better opportunity for the growth of the drone payloads market during the forecast period.

The drone payload market is segmented based on application, type, and region. On the basis of application, it is classified into defense, agriculture and environment, media and entertainment, energy, government, construction and archaeology, and others. By type, the market is segmented into cameras & sensors, radar & communication, and weaponry. The market is analyzed across four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

Key players profiled in this report include, AeroVironment Inc., Autel Robotics, DJI Technology, Draganfly Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd. (IAI), IMSAR LLC, Northrop Grumman Corporation, Parrot SA, and Teledyne FLIR LLC.

The drivers, restraints, and opportunities present in the market are explained in the report, in addition to the analysis of their impact. The report includes the study of the drone payload market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the global drone payload market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall drone payload market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the global drone payload market with a detailed impact analysis.
  • The current drone payload market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.

Key Market Segments


By Application

  • Media and entertainment
  • Energy
  • Government
  • Construction and archaeology
  • Others
  • Defense
  • Agriculture and environment

By Type

  • Cameras and sensors
  • Radar and communication
  • Weaponry

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • U.K.
  • Germany
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • AeroVironment Inc
  • Autel Robotics
  • DJI Technology
  • Draganfly Inc
  • Elbit Systems Ltd
  • Israel Aerospace Industries Ltd
  • IMSAR LLC
  • Northrop Grumman Corporation
  • Parrot SA
  • Teledyne FLIR LLC

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: DRONE PAYLOAD MARKET, BY APPLICATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Defense
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Agriculture and environment
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Media and entertainment
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Energy
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Government
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Construction and archaeology
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
4.8 Others
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market analysis by country
CHAPTER 5: DRONE PAYLOAD MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Cameras and sensors
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Radar and communication
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Weaponry
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: DRONE PAYLOAD MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Application
6.2.3 North America Market size and forecast, by Type
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Application
6.2.4.1.2 Market size and forecast, by Type
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Application
6.2.4.2.2 Market size and forecast, by Type
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Application
6.2.4.3.2 Market size and forecast, by Type
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Application
6.3.3 Europe Market size and forecast, by Type
6.3.4 Europe Market size and forecast, by country
6.3.4.1 U.K.
6.3.4.1.1 Market size and forecast, by Application
6.3.4.1.2 Market size and forecast, by Type
6.3.4.2 Germany
6.3.4.2.1 Market size and forecast, by Application
6.3.4.2.2 Market size and forecast, by Type
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Application
6.3.4.3.2 Market size and forecast, by Type
6.3.4.4 Russia
6.3.4.4.1 Market size and forecast, by Application
6.3.4.4.2 Market size and forecast, by Type
6.3.4.5 Rest of Europe
6.3.4.5.1 Market size and forecast, by Application
6.3.4.5.2 Market size and forecast, by Type
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Application
6.4.3 Asia-Pacific Market size and forecast, by Type
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Application
6.4.4.1.2 Market size and forecast, by Type
6.4.4.2 India
6.4.4.2.1 Market size and forecast, by Application
6.4.4.2.2 Market size and forecast, by Type
6.4.4.3 Japan
6.4.4.3.1 Market size and forecast, by Application
6.4.4.3.2 Market size and forecast, by Type
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Application
6.4.4.4.2 Market size and forecast, by Type
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Application
6.4.4.5.2 Market size and forecast, by Type
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Application
6.5.3 LAMEA Market size and forecast, by Type
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size and forecast, by Application
6.5.4.1.2 Market size and forecast, by Type
6.5.4.2 Middle East
6.5.4.2.1 Market size and forecast, by Application
6.5.4.2.2 Market size and forecast, by Type
6.5.4.3 Africa
6.5.4.3.1 Market size and forecast, by Application
6.5.4.3.2 Market size and forecast, by Type
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 AeroVironment Inc
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Autel Robotics
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 DJI Technology
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Draganfly Inc
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Elbit Systems Ltd
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Israel Aerospace Industries Ltd
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 IMSAR LLC
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Northrop Grumman Corporation
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Parrot SA
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Teledyne FLIR LLC
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Drone Payload Market, by Application, 2020-2030, ($Million)
Table 2. Drone Payload Market Revenue, for Defense, by Region, 2020-2030, ($Million)
Table 3. Drone Payload Market Defense by Country, 2020-2030, ($Million)
Table 4. Drone Payload Market Revenue, for Agriculture and Environment, by Region, 2020-2030, ($Million)
Table 5. Drone Payload Market Agriculture and Environment by Country, 2020-2030, ($Million)
Table 6. Drone Payload Market Revenue, for Media and Entertainment, by Region, 2020-2030, ($Million)
Table 7. Drone Payload Market Media and Entertainment by Country, 2020-2030, ($Million)
Table 8. Drone Payload Market Revenue, for Energy, by Region, 2020-2030, ($Million)
Table 9. Drone Payload Market Energy by Country, 2020-2030, ($Million)
Table 10. Drone Payload Market Revenue, for Government, by Region, 2020-2030, ($Million)
Table 11. Drone Payload Market Government by Country, 2020-2030, ($Million)
Table 12. Drone Payload Market Revenue, for Construction and Archaeology, by Region, 2020-2030, ($Million)
Table 13. Drone Payload Market Construction and Archaeology by Country, 2020-2030, ($Million)
Table 14. Drone Payload Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 15. Drone Payload Market Others by Country, 2020-2030, ($Million)
Table 16. Global Drone Payload Market, by Type, 2020-2030, ($Million)
Table 17. Drone Payload Market Revenue, for Cameras and Sensors, by Region, 2020-2030, ($Million)
Table 18. Drone Payload Market Cameras and Sensors by Country, 2020-2030, ($Million)
Table 19. Drone Payload Market Revenue, for Radar and Communication, by Region, 2020-2030, ($Million)
Table 20. Drone Payload Market Radar and Communication by Country, 2020-2030, ($Million)
Table 21. Drone Payload Market Revenue, for Weaponry, by Region, 2020-2030, ($Million)
Table 22. Drone Payload Market Weaponry by Country, 2020-2030, ($Million)
Table 23. Drone Payload Market, by Region, 2020-2030, ($Million)
Table 24. North America Drone Payload Market, by Application, 2020-2030, ($Million)
Table 25. North America Drone Payload Market, by Type, 2020-2030, ($Million)
Table 26. North America Drone Payload Market, by Country, 2020-2030, ($Million)
Table 27. U.S. Drone Payload Market by Application 2020-2030, ($Million)
Table 28. U.S. Drone Payload Market by Type 2020-2030, ($Million)
Table 29. Canada Drone Payload Market by Application 2020-2030, ($Million)
Table 30. Canada Drone Payload Market by Type 2020-2030, ($Million)
Table 31. Mexico Drone Payload Market by Application 2020-2030, ($Million)
Table 32. Mexico Drone Payload Market by Type 2020-2030, ($Million)
Table 33. Europe Drone Payload Market, by Application, 2020-2030, ($Million)
Table 34. Europe Drone Payload Market, by Type, 2020-2030, ($Million)
Table 35. Europe Drone Payload Market, by Country, 2020-2030, ($Million)
Table 36. U.K. Drone Payload Market by Application 2020-2030, ($Million)
Table 37. U.K. Drone Payload Market by Type 2020-2030, ($Million)
Table 38. Germany Drone Payload Market by Application 2020-2030, ($Million)
Table 39. Germany Drone Payload Market by Type 2020-2030, ($Million)
Table 40. France Drone Payload Market by Application 2020-2030, ($Million)
Table 41. France Drone Payload Market by Type 2020-2030, ($Million)
Table 42. Russia Drone Payload Market by Application 2020-2030, ($Million)
Table 43. Russia Drone Payload Market by Type 2020-2030, ($Million)
Table 44. Rest of Europe Drone Payload Market by Application 2020-2030, ($Million)
Table 45. Rest of Europe Drone Payload Market by Type 2020-2030, ($Million)
Table 46. Asia-Pacific Drone Payload Market, by Application, 2020-2030, ($Million)
Table 47. Asia-Pacific Drone Payload Market, by Type, 2020-2030, ($Million)
Table 48. Asia-Pacific Drone Payload Market, by Country, 2020-2030, ($Million)
Table 49. China Drone Payload Market by Application 2020-2030, ($Million)
Table 50. China Drone Payload Market by Type 2020-2030, ($Million)
Table 51. India Drone Payload Market by Application 2020-2030, ($Million)
Table 52. India Drone Payload Market by Type 2020-2030, ($Million)
Table 53. Japan Drone Payload Market by Application 2020-2030, ($Million)
Table 54. Japan Drone Payload Market by Type 2020-2030, ($Million)
Table 55. South Korea Drone Payload Market by Application 2020-2030, ($Million)
Table 56. South Korea Drone Payload Market by Type 2020-2030, ($Million)
Table 57. Rest of Asia-Pacific Drone Payload Market by Application 2020-2030, ($Million)
Table 58. Rest of Asia-Pacific Drone Payload Market by Type 2020-2030, ($Million)
Table 59. LAMEA Drone Payload Market, by Application, 2020-2030, ($Million)
Table 60. LAMEA Drone Payload Market, by Type, 2020-2030, ($Million)
Table 61. LAMEA Drone Payload Market, by Country, 2020-2030, ($Million)
Table 62. Latin America Drone Payload Market by Application 2020-2030, ($Million)
Table 63. Latin America Drone Payload Market by Type 2020-2030, ($Million)
Table 64. Middle East Drone Payload Market by Application 2020-2030, ($Million)
Table 65. Middle East Drone Payload Market by Type 2020-2030, ($Million)
Table 66. Africa Drone Payload Market by Application 2020-2030, ($Million)
Table 67. Africa Drone Payload Market by Type 2020-2030, ($Million)
Table 68. Aerovironment Inc: Company Snapshot
Table 69. Aerovironment Inc: Operating Segments
Table 70. Aerovironment Inc: Product Portfolio
Table 71. Aerovironment Inc: Net Sales
Table 72. Aerovironment Inc: Key Stratergies
Table 73. Autel Robotics: Company Snapshot
Table 74. Autel Robotics: Operating Segments
Table 75. Autel Robotics: Product Portfolio
Table 76. Autel Robotics: Net Sales
Table 77. Autel Robotics: Key Stratergies
Table 78. Dji Technology: Company Snapshot
Table 79. Dji Technology: Operating Segments
Table 80. Dji Technology: Product Portfolio
Table 81. Dji Technology: Net Sales
Table 82. Dji Technology: Key Stratergies
Table 83. Draganfly Inc: Company Snapshot
Table 84. Draganfly Inc: Operating Segments
Table 85. Draganfly Inc: Product Portfolio
Table 86. Draganfly Inc: Net Sales
Table 87. Draganfly Inc: Key Stratergies
Table 88. Elbit Systems Ltd: Company Snapshot
Table 89. Elbit Systems Ltd: Operating Segments
Table 90. Elbit Systems Ltd: Product Portfolio
Table 91. Elbit Systems Ltd: Net Sales
Table 92. Elbit Systems Ltd: Key Stratergies
Table 93. Israel Aerospace Industries Ltd: Company Snapshot
Table 94. Israel Aerospace Industries Ltd: Operating Segments
Table 95. Israel Aerospace Industries Ltd: Product Portfolio
Table 96. Israel Aerospace Industries Ltd: Net Sales
Table 97. Israel Aerospace Industries Ltd: Key Stratergies
Table 98. Imsar LLC: Company Snapshot
Table 99. Imsar LLC: Operating Segments
Table 100. Imsar LLC: Product Portfolio
Table 101. Imsar LLC: Net Sales
Table 102. Imsar LLC: Key Stratergies
Table 103. Northrop Grumman Corporation: Company Snapshot
Table 104. Northrop Grumman Corporation: Operating Segments
Table 105. Northrop Grumman Corporation: Product Portfolio
Table 106. Northrop Grumman Corporation: Net Sales
Table 107. Northrop Grumman Corporation: Key Stratergies
Table 108. Parrot Sa: Company Snapshot
Table 109. Parrot Sa: Operating Segments
Table 110. Parrot Sa: Product Portfolio
Table 111. Parrot Sa: Net Sales
Table 112. Parrot Sa: Key Stratergies
Table 113. Teledyne Flir LLC: Company Snapshot
Table 114. Teledyne Flir LLC: Operating Segments
Table 115. Teledyne Flir LLC: Product Portfolio
Table 116. Teledyne Flir LLC: Net Sales
Table 117. Teledyne Flir LLC: Key Stratergies
LIST OF FIGURES
Figure 1. Drone Payload Market Segmentation
Figure 2. Drone Payload Market, 2020-2030
Figure 3. Drone Payload Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Drone Payload Market:Drivers, Restraints and Opportunities
Figure 11. Drone Payload Market, by Application, 2020 (%)
Figure 12. Comparative Share Analysis of Defense Drone Payload Market, 2020-2030 (%)
Figure 13. Comparative Share Analysis of Agriculture and Environment Drone Payload Market, 2020-2030 (%)
Figure 14. Comparative Share Analysis of Media and Entertainment Drone Payload Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Energy Drone Payload Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Government Drone Payload Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Construction and Archaeology Drone Payload Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Others Drone Payload Market, 2020-2030 (%)
Figure 19. Drone Payload Market, by Type, 2020 (%)
Figure 20. Comparative Share Analysis of Cameras and Sensors Drone Payload Market, 2020-2030 (%)
Figure 21. Comparative Share Analysis of Radar and Communication Drone Payload Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Weaponry Drone Payload Market, 2020-2030 (%)
Figure 23. Drone Payload Market by Region, 2020
Figure 24. U.S. Drone Payload Market, 2020-2030 ($Million)
Figure 25. Canada Drone Payload Market, 2020-2030 ($Million)
Figure 26. Mexico Drone Payload Market, 2020-2030 ($Million)
Figure 27. U.K. Drone Payload Market, 2020-2030 ($Million)
Figure 28. Germany Drone Payload Market, 2020-2030 ($Million)
Figure 29. France Drone Payload Market, 2020-2030 ($Million)
Figure 30. Russia Drone Payload Market, 2020-2030 ($Million)
Figure 31. Rest of Europe Drone Payload Market, 2020-2030 ($Million)
Figure 32. China Drone Payload Market, 2020-2030 ($Million)
Figure 33. India Drone Payload Market, 2020-2030 ($Million)
Figure 34. Japan Drone Payload Market, 2020-2030 ($Million)
Figure 35. South Korea Drone Payload Market, 2020-2030 ($Million)
Figure 36. Rest of Asia-Pacific Drone Payload Market, 2020-2030 ($Million)
Figure 37. Latin America Drone Payload Market, 2020-2030 ($Million)
Figure 38. Middle East Drone Payload Market, 2020-2030 ($Million)
Figure 39. Africa Drone Payload Market, 2020-2030 ($Million)
Figure 40. Top Winning Strategies, by Year
Figure 41. Top Winning Strategies, by Development
Figure 42. Top Winning Strategies, by Company
Figure 43. Product Mapping of Top 10 Players
Figure 44. Competitive Dashboard
Figure 45. Competitive Heatmap of Top 10 Key Players
Figure 46. Aerovironment Inc.: Net Sales, ($Million)
Figure 47. Autel Robotics.: Net Sales, ($Million)
Figure 48. Dji Technology.: Net Sales, ($Million)
Figure 49. Draganfly Inc.: Net Sales, ($Million)
Figure 50. Elbit Systems Ltd.: Net Sales, ($Million)
Figure 51. Israel Aerospace Industries Ltd.: Net Sales, ($Million)
Figure 52. Imsar LLC.: Net Sales, ($Million)
Figure 53. Northrop Grumman Corporation.: Net Sales, ($Million)
Figure 54. Parrot SA.: Net Sales, ($Million)
Figure 55. Teledyne Flir LLC.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Drone Payload Market,' the drone payload market was valued at $7.2 billion in 2020, and is estimated to reach $33.3 billion by 2030, growing at a CAGR of 16.9% from 2021 to 2030.

North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. The U.S. dominated the drone payload market share in North America in 2020, owing to increase in R&D activities, technological developments by key players, and rapid adoption of innovative technologies in making advanced drone payload systems. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of drone payload services across several Asian nations, for instance, China, India, Japan, and South Korea.

According to FAA (Federal Aviation Administration), drones or unmanned aerial vehicles (UAVs), are as any aircraft system without a flight crew onboard. In addition, a drone is an unmanned aerial vehicle or unmanned aircraft that can be remotely operated or can fly autonomously with the help of an embedded program. The additional weight attached to these drones, excluding the weight of the drone itself, is referred to as the drone payload. Drone payloads include weapon systems, cameras, sensors, delivery goods, and other items.

The drone payload market has witnessed significant growth in recent years, owing to the development of advanced drone payload systems by key market players. For instance, in April 2022, Teledyne FLIR LLC launched the Boson plus longwave infrared thermal camera module with industry-leading sensitivity of 20 millikelvin (MK) or less for unmanned platforms, security applications, handhelds, wearables, and thermal sights. Also, in January 2022, Teledyne FLIR LLC developed five boson radiometric camera models and enhanced developer graphical user interface software.

Moreover, factors such as the promising growth rate of the drone market, increase in market for location-based services, and rise in demand for improved surveillance are expected to drive the growth of the drone payload market. However, factors such as privacy and security concerns create a barrier to the market growth. On the contrary, increase in defense expenditure by governments of major economies is expected to create ample opportunities for the growth of the market across the globe.

On the basis of application, the market is segmented into defense, agriculture and environment, media and entertainment, energy, government, construction and archaeology, and others. The defense segment garnered the highest revenue in 2020, owing to high demand for drone payload solutions in the defense sector.

By type, the drone payload market is segregated into cameras & sensors, radar & communication, and weaponry segments. The cameras & sensors segment accounted for the highest revenue in 2020, owing to a huge demand for drone cameras and sensors for a wide range of applications.

COVID-19 Impact Analysis


The COVID-19 impact on the drone payload market is unpredictable, and is expected to remain in force for a few years.

The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of raw material items for most of 2020 and few months in 2021. This led to sudden fall in the availability of important raw materials for manufacturing drone payloads and other components.

Moreover, nationwide lockdown forced drone payload manufacturing facilities to partially or completely shut their operations.

Adverse impacts of the COVID-19 pandemic resulted in delays in activities and initiatives regarding development of advanced drone payload components globally.

KEY FINDINGS OF STUDY

  • By application, the construction and archaeology segment is expected to register significant growth during the forecast period.
  • By type, the weaponry segment is anticipated to exhibit significant growth in the future.
  • Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
The key players that operate in the drone payload market include AeroVironment Inc., Autel Robotics, DJI Technology, Draganfly Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd. (IAI), IMSAR LLC, Northrop Grumman Corporation, Parrot SA, and Teledyne FLIR LLC.

Companies Mentioned

  • AeroVironment Inc
  • Autel Robotics
  • DJI Technology
  • Draganfly Inc
  • Elbit Systems Ltd
  • Israel Aerospace Industries Ltd
  • IMSAR LLC
  • Northrop Grumman Corporation
  • Parrot SA
  • Teledyne FLIR LLC

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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