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| A01430 | Pages: 139 | Oct 2016 | 16808 Views | | |
| Author(s) : Pankaj Lanjudkar | Tables: 28 | Charts: 62 |
| |
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Request Now !Drone Payload Market is expected to garner $7,018 million by 2022, registering a CAGR of 5.5% during the forecast period 2016-2022. Aircrafts which have the capability to fly autonomously with the help of embedded program or which can be remotely operated are called as drones. They are also officially referred to as unmanned aerial vehicles (UAV), unmanned aircraft system (UAS), unmanned aircraft vehicle system (UAVS), remotely piloted aerial vehicle (RPAV), remotely piloted aircraft system (RPAS), and others. The additional weight that can be attached to these drones excluding the weight of the drone itself is considered as drone payload, which includes cameras, communication devices, weapon systems, sensors, and others. UAV loaded with such devices are used for numerous applications such as aerial imaging, LiDAR applications, security & surveillance, cargo management, weather monitoring, traffic control, green mapping, and others. Drone payload market finds varied applications among sectors such as defense, agriculture and environment, media & entertainment, energy, government, and others.
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Prominent players offering drone payload products across the globe include AeroVironment, Inc., SZ DJI Technology Co., Ltd., Parrot SA, Thales Group, FLIR Systems, Inc., Israel Aerospace Industries Ltd., Textron Inc., Go Pro, Inc., Elbit Systems Ltd., and Aeryon Labs Inc.
Top impacting factors of world drone payload market
Technologically advanced products
Digitization and technological advancements in camera, drone specifications, mapping software, multidimensional mapping, and sensory applications are expected to fuel the market growth during the forecast period. Persistent innovations in the market and emergence of technologically advanced products, such as Mavic Pro by SZ DJI Technology Co., Ltd.; Hero5 camera by GoPro, Inc.; SPECTRO XR (Extra Range), a multispectral electro-optic payload system by Elbit Systems Ltd.; and M-19HD payload by Israel Aerospace Industries Ltd. launched by industry players, have increased the demands for drone payload market in the recent years.
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Privacy and security concerns
Privacy issues and national security regulations are expected to negatively affect the market in the coming years. Aerial services sometimes require filming and photography in civilian areas, which affect the privacy of people. Most of the countries in Asia-Pacific and the Middle East do not have effective rules for aerial imaging & mapping services. On the contrary, countries such as the U.S. and the UK have regulations specified for aerial services, but there is a lack of clarity and implementation in the regulatory framework, which would negatively affect the growth of the market.
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High-resolution satellite imagery as a substitute
Earlier, satellite imagery was a costly proposition, but now companies focus on developing technologically advanced, high-precision, and cost-effective imagery solutions. One such example is WorldView-3 satellite by DigitalGlobe, which offers high-definition panchromatic images. Services such as mapping, GIS, LiDAR, surveillance, and others can be performed by satellites. In addition, satellite services do not have any regulatory issues as opposed to aerial imagery, thus negatively affecting the growth of drone payload industry during the forecast period.
Increase in budgetary expenses in military
Governments in various countries such as the U.S., the UK, China, India, Russia, and others are investing substantially in improvement of their defense portfolio. Major portion of the annual budgets is spent on R&D activities, armory development, and others. Moreover, it is observed that monetary expenses on unmanned systems for water, land, and air have increased by developed as well as developing nations. This is expected to witness rise in the future and is expected to supplement the growth of the world drone payload market.
Increased application areas for GIS, LiDAR, mapping services, and others
Increase in demand for GIS, LiDAR, and mapping services from various sectors such as agriculture, energy, defense, tourism, and others fuels the growth of the drone payload industry. Agriculture sector is experiencing effective changes in yield production, enhanced crop health management, and improved soil condition with the implementation of LiDAR, GIS, and other mapping services. Defense sector utilizes drone payload services for safeguarding border areas, preparing border maps, performing rescue operations, and others. Real estate and civil engineering sectors are advancing in terms of new technology adoption such as multidimensional modeling, architectural planning, and monitoring civil engineering projects. Additionally, drone payloads are applicable for various purposes, including research & exploration, archeological surveys, mining, cargo management, telecom network management, oil & gas resource management, and others. The rise in application areas is expected to boost the growth of the Unmanned aerial vehicle (UAV) payload market during the forecast period.
The following graph displays the regional import statistics for UAVs.
The following graph displays the statistics for countries with high budgetary military expenditure.
The following graph shows regional statistics for one of the major application of drones - precision agriculture.
KEY BENEFITS
The market is segmented based on type, end use, and geography.
Other Market Players Mentioned in The Report
Garmin Ltd., CONTROP Precision Technologies Ltd., Echodyne, Inc., Vidyo, Inc., ImSAR LLC, Airbus SAS, senseFly Sentera, LLC, Blackmagic Design Pty. Ltd., Xiaomi Inc., General Electric Co., Sky-Futures, Intel Corporation, ELIMOC, and others.
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
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 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Value chain analysis
3.4 Porters five forces analysis
3.4.1 Buyers low switching costs and low forward integration in the market leads to moderate bargaining power of supplier
3.4.2 High product differentiation and large number of buyers enables moderate bargaining power of buyer
3.4.3 Presence of renowned players in the market, high capital requirement and low switching costs restricts the entry of new entrants moderately
3.4.4 Enhanced product quality and cost effectiveness minimizes the threat from substitutes in the market
3.4.5 Unequal sized as well as less number of competitors and insignificant brand loyalty in the market enables moderate intensity of competitive rivalry
3.5 Market share analysis, 2015
3.6 Drivers
3.6.1 Technologically advanced products
3.6.2 Promising growth rate of drone market
3.6.3 Increased market for location based services
3.7 Restraints
3.7.1 Privacy and security concerns
3.7.2 High resolution satellite imagery
3.8 Opportunities
3.8.1 Increasing budgetary expenses in military
3.8.2 Increased application areas for GPS, LiDAR, mapping services and others
3.8.3 Increasing growth in smartphone market
CHAPTER 4 WORLD DRONE PAYLOAD MARKET BY TYPE
4.1 Cameras and sensors
4.1.1 Key market trends
4.1.2 Key drivers and opportunities
4.1.3 Market size and forecast
4.2 Radar and communication
4.2.1 Key market trends
4.2.2 Key drivers and opportunities
4.2.3 Market size and forecast
4.3 Weaponry
4.3.1 Key market trends
4.3.2 Key drivers and opportunities
4.3.3 Market size and forecast
CHAPTER 5 WORLD DRONE PAYLOAD MARKET BY END USER
5.1 Defense
5.1.1 Key market trends
5.1.2 Key drivers and opportunities
5.1.3 Market size and forecast
5.2 Agriculture and environment
5.2.1 Key market trends
5.2.2 Key drivers and opportunities
5.2.3 Market size and forecast
5.3 Media and entertainment
5.3.1 Key market trends
5.3.2 Key drivers and opportunities
5.3.3 Market size and forecast
5.4 Energy
5.4.1 Key market trends
5.4.2 Key drivers and opportunities
5.4.3 Market size and forecast
5.5 Government
5.5.1 Key market trends
5.5.2 Key drivers and opportunities
5.5.3 Market size and forecast
5.6 Construction and archaeology
5.6.1 Key market trends
5.6.2 Key drivers and opportunities
5.6.3 Market size and forecast
5.7 Others (transportation, insurance, and tourism)
5.7.1 Key market trends
5.7.2 Key drivers and opportunities
5.7.3 Market size and forecast
CHAPTER 6 WORLD DRONE PAYLOAD MARKET BY GEOGRAPHY
6.1 North America
6.1.1 Key market trends
6.1.2 Key drivers and opportunities
6.1.3 Market size and forecast
6.1.3.1 U.S.
6.1.3.2 Canada
6.1.3.3 Mexico
6.2 Europe
6.2.1 Key market trends
6.2.2 Key drivers and opportunities
6.2.3 Market size and forecast
6.2.3.1 U.K.
6.2.3.2 Germany
6.2.3.3 France
6.2.3.4 Rest of Europe
6.3 Asia-Pacific
6.3.1 Key market trends
6.3.2 Key drivers and opportunities
6.3.3 Market size and forecast
6.3.3.1 China
6.3.3.2 India
6.3.3.3 Japan
6.3.3.4 Rest of Asia-Pacific
6.4 Latin America, Middle East, and Africa (LAMEA)
6.4.1 Key market trends
6.4.2 Key drivers and opportunities
6.4.3 Market size and forecast
6.4.3.1 Middle east
6.4.3.2 Africa
6.4.3.3 Latin America
CHAPTER 7 COMPANY PROFILES
7.1 Elbit Systems Ltd.
7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Business performance
7.1.4 Strategic moves & developments
7.2 GoPro, Inc.
7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Business performance
7.2.4 Strategic moves and developments
7.3 Thales Group
7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Business performance
7.3.4 Strategic moves and developments
7.4 Israel Aerospace Industries Ltd.
7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Business performance
7.4.4 Strategic moves and developments
7.5 SZ DJI Technology Co., Ltd.
7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Strategic moves and developments
7.6 Textron Inc.
7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Business performance
7.6.4 Strategic moves and developments
7.7 FLIR Systems, Inc.
7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Business performance
7.7.4 Strategic moves and developments
7.8 AeroVironment, Inc.
7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Business performance
7.8.4 Strategic moves and developments
7.9 Parrot SA
7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Business performance
7.9.4 Strategic moves and developments
7.10 Aeryon Labs Inc.
7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Strategic moves and developments
List of Figures
FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES IN WORLD DRONE PAYLOAD MARKET
FIG. 3 TOP WINNING STRATEGY ANALYSIS (2011-2016)
FIG. 4 TOP INVESTMENT POCKETS
FIG. 5 VALUE CHAIN ANALYSIS OF DRONE PAYLOAD MARKET
FIG. 6 PORTERS FIVE FORCES ANALYSIS
FIG. 7 MARKET SHARE ANALYSIS OF WORLD DRONE PAYLOAD MARKET, 2015 (%)
FIG. 8 MAJOR UNMANNED AERIAL VEHICLE (DRONE) IMPORTING COUNTRIES MARKET SHARE (2010-2014)
FIG. 9 TOP COUNTRIES BY MILITARY EXPENDITURE (2015)
FIG. 10 COMPARATIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD DRONE MARKET IN PRECISION AGRICULTURE, 2015 & 2022 (%)
FIG. 11 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD DRONE PAYLOAD MARKET, BY TYPE, 2015 & 2022 (%)
FIG. 12 WORLD CAMERAS AND SENSORS DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 13 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD CAMERAS AND SENSORS DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 (%)
FIG. 14 WORLD RADAR AND COMMUNICATION DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 15 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD RADAR AND COMMUNICATION DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 (%)
FIG. 16 WORLD WEAPONRY DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 17 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD WEAPONRY DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 (%)
FIG. 18 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD DRONE PAYLOAD MARKET, BY APPLICATION, 2014-2022 (%)
FIG. 19 WORLD DRONE PAYLOAD MARKET IN DEFENSE SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 20 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD DRONE PAYLOAD MARKET IN DEFENSE SECTOR, BY GEOGRAPHY, 2014-2022 (%)
FIG. 21 WORLD DRONE PAYLOAD MARKET IN AGRICULTURE AND ENVIRONMENT SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 22 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD DRONE PAYLOAD MARKET IN AGRICULTURE AND ENVIRONMENT SECTOR, BY GEOGRAPHY, 2014-2022 (%)
FIG. 23 WORLD DRONE PAYLOAD MARKET IN MEDIA AND ENTERTAINMENT SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 24 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD DRONE PAYLOAD MARKET IN MEDIA AND ENTERTAINMENT SECTOR, BY GEOGRAPHY, 2014-2022 (%)
FIG. 25 WORLD DRONE PAYLOAD MARKET IN ENERGY SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION))
FIG. 26 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD DRONE PAYLOAD MARKET IN ENERGY SECTOR, BY GEOGRAPHY, 2014- 2022 (%)
FIG. 27 WORLD DRONE PAYLOAD MARKET IN GOVERNMENT SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 28 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD DRONE PAYLOAD MARKET IN GOVERNMENT SECTOR, BY GEOGRAPHY, 2014-2022 (%)
FIG. 29 WORLD DRONE PAYLOAD MARKET IN CONSTRUCTION AND ARCHAEOLOGY SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 30 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD DRONE PAYLOAD MARKET IN CONSTRUCTION AND ARCHAEOLOGY SECTOR, BY GEOGRAPHY, 2014-2022 (%)
FIG. 31 WORLD DRONE PAYLOAD MARKET IN OTHER (TRANSPORTATION, INSURANCE, AND TOURISM) SECTORS, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 32 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD DRONE PAYLOAD MARKET IN OTHER (TRANSPORTATION, INSURANCE, AND TOURISM) SECTORS, BY GEOGRAPHY, 2014-2022 (%)
FIG. 33 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 (%)
FIG. 34 NORTH AMERICA DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 35 COMPARATIVE MARKET SHARE ANALYSIS OF NORTH AMERICA DRONE PAYLOAD MARKET, BY TYPE, 2014-2022 (%)
FIG. 36 EUROPE DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 37 COMPARATIVE MARKET SHARE ANALYSIS OF EUROPE DRONE PAYLOAD MARKET, BY TYPE, 2014-2022 (%)
FIG. 38 ASIA-PACIFIC DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 39 COMPARATIVE MARKET SHARE ANALYSIS OF ASIA-PACIFIC DRONE PAYLOAD MARKET, BY TYPE, 2014-2022 (%)
FIG. 40 LAMEA DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
FIG. 41 COMPARATIVE MARKET SHARE ANALYSIS OF LAMEA DRONE PAYLOAD MARKET, BY TYPE, 2014-2022 (%)
FIG. 42 ELBIT SYSTEMS LTD.: REVENUE 20132015 ($MILLION)
FIG. 43 ELBIT SYSTEMS LTD.: REVENUE, BY BUSINESS SEGMENT, 2015 (%)
FIG. 44 ELBIT SYSTEMS LTD.: REVENUE, BY GEOGRAPHY, 2015 (%)
FIG. 45 GOPRO, INC.: REVENUE, 20132015 ($MILLION)
FIG. 46 GOPRO, INC.: REVENUE, BY GEOGRAPHY, 2015 (%)
FIG. 47 THALES GROUP: REVENUE, 20132015 ($MILLION)
FIG. 48 THALES GROUP: REVENUE, BY BUSINESS SEGMENT, 2015 (%)
FIG. 49 THALES GROUP: REVENUE, BY GEOGRAPHY, 2015 (%)
FIG. 50 ISRAEL AEROSPACE INDUSTRIES LTD.: REVENUE, 20122014 ($MILLION)
FIG. 51 TEXTRON INC.: REVENUE, 20122014 ($MILLION)
FIG. 52 TEXTRON INC.: REVENUE, BY BUSINESS SEGMENT, 2015 (%)
FIG. 53 TEXTRON INC.: REVENUE, BY GEOGRAPHY, 2015 (%)
FIG. 54 FLIR SYSTEMS, INC.: REVENUE, 20122014 ($MILLION)
FIG. 55 FLIR SYSTEMS, INC..: REVENUE, BY BUSINESS SEGMENT, 2015 (%)
FIG. 56 FLIR SYSTEMS, INC.: REVENUE, BY GEOGRAPHY, 2015 (%)
FIG. 57 AEROVIRONMENT, INC.: REVENUE, 20122014 ($MILLION)
FIG. 58 AEROVIRONMENT, INC.: REVENUE, BY BUSINESS SEGMENT, 2015 (%)
FIG. 59 AEROVIRONMENT, INC.: REVENUE, BY GEOGRAPHY, 2015 (%)
FIG. 60 PARROT SA: REVENUE, 20122014 ($MILLION)
FIG. 61 PARROT SA: REVENUE, BY BUSINESS SEGMENT, 2015 (%)
FIG. 62 PARROT SA: REVENUE, BY GEOGRAPHY, 2015 (%)
List of Tables
TABLE 1 WORLD DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 2 WORLD DRONE PAYLOAD MARKET, BY TYPE, 2014-2022 ($MILLION)
TABLE 3 WORLD CAMERAS AND SENSORS DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4 WORLD RADAR AND COMMUNICATION DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5 WORLD WEAPONRY DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6 WORLD DRONE PAYLOAD MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 7 WORLD DRONE PAYLOAD MARKET IN DEFENSE SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8 WORLD DRONE PAYLOAD MARKET IN AGRICULTURE AND ENVIRONMENT SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 9 WORLD DRONE PAYLOAD MARKET IN MEDIA AND ENTERTAINMENT SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 10 WORLD DRONE PAYLOAD MARKET IN ENERGY SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11 WORLD DRONE PAYLOAD MARKET IN GOVERNMENT SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 12 WORLD DRONE PAYLOAD MARKET IN CONSTRUCTION AND ARCHAEOLOGY SECTOR, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 13 WORLD DRONE PAYLOAD MARKET IN OTHER (TRANSPORTATION, INSURANCE, AND TOURISM) SECTORS, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 14 WORLD DRONE PAYLOAD MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 15 NORTH AMERICA DRONE PAYLOAD MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 16 EUROPE DRONE PAYLOAD MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 17 ASIA-PACIFIC DRONE PAYLOAD MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 18 LAMEA DRONE PAYLOAD MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 19 ELBIT SYSTEMS LTD.- SNAPSHOT
TABLE 20 GOPRO, INC.: COMPANY SNAPSHOT
TABLE 21 THALES GROUP: SNAPSHOT
TABLE 22 ISRAEL AEROSPACE INDUSTRIES LTD.: SNAPSHOT
TABLE 23 SZ DJI TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 24 TEXTRON INC.: COMPANY SNAPSHOT
TABLE 25 FLIR SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 26 AEROVIRONMENT, INC.: COMPANY SNAPSHOT
TABLE 27 PARROT SA.: COMPANY SNAPSHOT
TABLE 28 AERYON LABS INC.: COMPANY SNAPSHOT
Drone payload, which includes cameras, sensors, communication devices, and weapons have experienced increased acceptance among government, agriculture, construction, energy, and military sector over the past few years. This is attributed to increase in demand for various operations such as surveillance, precision agriculture, safeguarding border areas, preparing border maps, multidimensional modeling, architectural planning, monitoring civil engineering projects, and others. In addition, drone payload is increasingly being used in the agriculture sector for applications such as green mapping, estimation of crop health, estimation of soil productivity, conservation of forests, water resource management, and others. Governments in various countries such as the U.S., the UK, China, India, Russia, and others are also investing substantially in combat UAVs to improve their defense portfolios. For instance, in February 2016, Defence Ministry of Russia designed their latest payload system for Granat-4 UAV, one of the major drones used for surveillance operations by Russian military. This payload system is used to perform operations related to signals intelligence (SIGINT). Various new products are being offered by drone payload market players to meet the growing demand of consumers. For instance, in July 2016, Elbit Systems Ltd. introduced SPECTRO XR (Extra Range) payload system, which is a multispectral electro-optical ISTAR (Intelligence, Surveillance, Target Acquisition and Reconnaissance) system used for surveillance, rescue & search operations, and fire control missions.
Increased adoption of sensor payload for inspection of pipelines, natural resource management, emergency response, 3D mapping, site estimation, and package delivery are projected to drive the drone payload market for energy, construction & archeology, media & entertainment, tourism, insurance, transportation, and others. Asia-Pacific is expected to grow rapidly during the forecast period due to decrease in prices of raw materials coupled with increase in application areas such as construction, agriculture, and government sectors. North America is expected to contribute significantly to the global revenue due to early adoption of drones, increased military expenses for UAVs, supportive regulations by Federal Aviation Administration of the United States, growing use of drones in government & defense, construction, and media sector. The drone payload market is characterized by the presence of numerous players. Drone payload industry players have constantly upgraded and launched innovative products and services to strengthen their market position and cater to a wide customer base. For instance, in September 2016, SZ DJI Technology Co., Ltd. announced the launch of its latest portable drone, Mavic Pro, which is an advanced UAV with features such as stabilized 4K camera and visual navigation system. Initiatives such as introduction of drones for live broadcasting of sport events through high-definition cameras have accelerated the adoption of drone payload by media and entertainment industry worldwide.
A. Elbit Systems Ltd. launched Skylark C, a mini unmanned aircraft system for tactical naval and maritime applications. This product features stabilized electro-optical (EO) payload coupled with a high-resolution thermal imager, and a color daylight camera
A. The global drone payload market generated revenue worth $4,576 million in 2015, and is projected to reach $7,018 million by 2022, to register a CAGR of 5.5% during the forecast period (2016-2022).
A. The report sample/ company profile section for drone payload market report can be obtained on demand from the website.
A. Drone payload products are experiencing increased adoption among the government, agriculture, construction, energy, and military sectors, owing to their cost-effectiveness, availability of advanced products, and supportive government regulations.
A. The global drone payload market include market players, such as AeroVironment, Inc., SZ DJI Technology Co., Ltd., Parrot SA, Thales Group, FLIR Systems, Inc., Israel Aerospace Industries Ltd., Textron Inc., Go Pro, Inc., Elbit Systems Ltd., and Aeryon Labs Inc.
A. The company profile section for global drone payload market report can be obtained on demand from the website.
A. Based on the global global drone payload market analysis, North America is the major revenue contributor in 2015. However, Asia-Pacific region is expected to provide more business opportunities coupled with lucrative growth during the forecast period.
A. The service providers of the drone payload industry are the key players which are manufacturing the drone payloads. It is used in various end-users such as defense, agriculture and environment, media and entertainment, and others.
A. The key growth strategies are in the drone payload market includes product launches, acquisitions, and collaboration. The leading players in the market have largely adopted the product launch strategy to improve their market presence.
A. Payload drones have applications in industries such as defense, agriculture & environment, media & entertainment, and construction & archaeology, among others. COmpanies offer innovative and customized products to enhance their product portfolios.
A. The drone payload market is anticipated to experience growth after COVID-19 pandemic owing to increasing demand for contactless delivery of food and medicines.
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