Drone Payload Market Worth 7.72 Billion USD by 2021

Aug 05, 2016, 10:30 ET from MarketsandMarkets

PUNE, India, August 5, 2016 /PRNewswire/ --

The report "Drone Payload Market by Type (EO/IR, Cameras, SAR, Sigint, Elint, Comint, MPR, Laser Sensors, CBRN Sensors & Optronics), End-User (Defense & Commercial), and Region - Global Forecast to 2021", published by MarketsandMarkets, the global market is estimated to be USD 3.63 Billion in 2016 and is projected to reach USD 7.72 Billion by 2021, registering a CAGR of 16.25% during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 81 market data Tables and 59 Figures spread through 169 Pages and in-depth TOC on "Drone Payload Market".

http://www.marketsandmarkets.com/Market-Reports/drone-payload-market-75052126.html

Early buyers will receive 10% customization on this report. 

A number of factors, such as advancement in sensor technology and increasing focus towards using economical solutions for surveillance, are expected to drive the UAV payload market.

Synthetic aperture radar (SAR) segment is projected to lead the drone payload market during the forecast period 

On the basis of type, the synthetic aperture segment is estimated to lead the drone payload market, and is expected to continue its dominance during the forecast period. The market for SAR is primarily driven by the need for economical surveillance solutions with enhanced performance abilities for defense applications, in terms of identifying potential threats.

Commercial drone payload segment is estimated to grow at the fastest rate during the forecast period 

The drone payload market has been segmented and analyzed on the basis of end user into defense and commercial. The drone payload market for commercial is expected to register significant growth owing to increasing use of UAVs in civil applications, and relaxing of various regulatory norms.

North America: The largest market for drone payloads 

North America is expected to lead the drone payload market due to increasing focus of the U.S. Department of Defense (DOD) on using unmanned aerial vehicles for surveillance, and battle assessment and target acquisition-related tasks. This is due to the low cost of operations as compared to manned aircraft, which are expensive to procure and entail higher risks.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=75052126

SZ DJI Technologies (China): One of the key players in the drone payload market 

Major players in the drone payload market are SZ DJI Technologies (China), Lockheed Martin (U.S.), Elbit Systems (Israel), Northrop Grumman Corporation (U.S.), Thales Group (France), and 3D Robotics (U.S.), among others. On the basis of type, the drone payload market has been segmented into EO/IR, cameras, synthetic aperture radar (SAR), signal intelligence (SIGINT), electronic intelligence (ELINT), communication intelligence (COMINT), maritime patrol radar (MPR), laser sensors, CBRN sensors, optronics, and others. On the basis of end user, the market has been segmented into defense and commercial sectors.

Browse Related Reports 

VTOL UAV Market by Application (Military, Civil & Commercial, Homeland Security), Type (Multicopter, Helicopter, Hybrid), Size (Large, Medium, Small, Micro), Propulsion, Payloads, Geography - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/vtol-uav-market-192738850.html

Multirotor Drones Market by Application (Defense, Aerial Shooting, Business & Commerce, Law Enforcement, Environmental Inspection), Payload (Electro-optic Sensor, Cameras, Sense & Avoid System, LiDAR, CBRN, Wi-Fi, GPS), & Region - Global Forecasts to 2020

http://www.marketsandmarkets.com/Market-Reports/multirotor-drones-market-177177851.html

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets


SOURCE MarketsandMarkets