Research and Markets has announced the addition of the "Drone Payload Market by Type, End-User, and Region - Global Forecast to 2021" report to their offering.

The drone payload market is estimated to be valued at USD 3.63 billion in 2016 and is projected to reach USD 7.72 billion by 2021, at a CAGR of 16.25% between 2016 and 2021.

The application of UAVs in the commercial sector is expected to encourage developers to push the envelope in terms of payload design. The increase in processing capability would enable users to analyze data locally, thereby allowing them to make real-time decisions. This is expected to drive the development of payloads with higher capabilities.

The synthetic aperture radar (SAR) segment of the UAV payload market, by type, is anticipated to grow at the highest CAGR during the forecast period. In remote sensing applications, SAR has a great potential due to its all-day, all-weather capabilities. As compared to conventional airborne or space-borne SAR systems, UAV SARs have several advantages, which include low-cost, low-risk, and timely operations. Maritime patrol radar is expected to be the second-fastest growing segment in the drone payload market, by type.

North America is expected to lead the drone payload market, by region. Countries in this region include the U.S. and Canada. The North American drone payload market is mainly driven by the U.S., which has been focusing on developing faster, stealthier, and more ruggedized UAVs for use in various terrains. Adoption of UAVs for commercial applications faces various challenges in terms of regulatory policy, procedural, social, and environmental concerns.

Companies Mentioned:

  • 3D Robotics, Inc.
  • Aerovironment, Inc.
  • BAE Systems PLC.
  • Elbit Systems Ltd
  • Israel Aerospace Industries
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Parrot SA
  • SZ DJI Technology Co. Ltd
  • Thales Group

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Drone Payload Market, By Type

8 Drone Payload Market, By End User

9 Regional Analysis

10 Competitive Landscape

11 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/89t8vf/drone_payload

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