Drone Payload Market to Garner $33.3 Bn, Globally, by 2030 at 16.9% CAGR: Allied Market Research

Increase in demand for improved surveillance and surge in demand for location-based services drive the growth of the global drone payload market

PORTLAND, Ore., May 9, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Drone Payload Market by Application (Defense, Agriculture and environment, Media and entertainment, Energy, Government, Construction and archaeology, others), by Type (Cameras and sensors, Radar and communication, Weaponry): Global Opportunity Analysis and Industry Forecast, 2020-2030". As per the report, the global drone payload industry accounted for $7.2 billion in 2020, and is expected to reach $33.3 billion by 2030, growing at a CAGR of 16.9% from 2021 to 2030.

Major determinants of the market growth

Increase in demand for improved surveillance and surge in demand for location-based services drive the growth of the global drone payload market. However, privacy and security concerns hinder the market growth. On the contrary, advancements in drone payload technologies would unlock new opportunities in the future.

Download Report (223 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/1758 

Covid-19 scenario:

• The Covid-19 pandemic significantly affected the market and induced uncertainty in the drone payload market. To curb the spread of the virus, several governments imposed strict restrictions on import-export of non-essential raw materials and imposed lockdown across the country.
• This prolonged lockdown disrupted the supply chain and led to delays in activities and initiatives regarding development of advanced drone payload components.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/1758

The defense segment dominated the market growth

By application, the defense segment held the largest share in 2020, accounting for more than one-fourth of the global drone payload market, due to high demand for drone payload solutions in the defense sector across the globe. However, the construction and archaeology segment is expected to manifest the highest CAGR of 20.8% during the forecast period, due to high demand for different drone payloads used for construction applications across the globe.

The weaponry segment to manifest the highest CAGR through 2030

By type, the weaponry segment is projected to register the highest CAGR of 17.9% during the forecast period. This is due to rise in demand for drone payload systems in the defense sector. However, the cameras and sensors segment held the largest share in 2020, contributing to nearly two-fifths of the global drone payload market, due to huge demand for drone cameras and sensors for wide range of applications.

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/1758

North America held the largest share

By region, the market across North America held the largest share in 2020, accounting for nearly half of the market, owing to rise in demand for drone payload for its use in airborne operations. However, the global drone payload market across Asia-Pacific is expected to showcase the highest CAGR of 20.7% during the forecast period, due to high demand for different drone payload technologies for land-based defense operations.

Major market players

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

Buy Complete Report Now! https://www.alliedmarketresearch.com/checkout-final/9bf2cecfa0087dcc8e4665f34cdf46d9 

Similar Report on Drone Industry:

Drone Defense System Market by End User (Military, Homeland Security, and Commercial), Technology (Identification & Detection Systems and Countermeasure Systems), and Application (Drone Mounting and Ground Station): Global Opportunity Analysis and Industry Forecast, 2021–2030

Drone Analytics Market by Type (On-Premises and On-Demand), Application (Ground Exploration, Geolocation Tagging, Aerial Monitoring, Thermal Detection, and Others), and End Use (Agriculture and Forestry, Construction, Mining and Quarrying, Oil and Gas, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

Micro Drone Market by Type (Fixed-Wing, Rotary-Wing, and Hybrid or Transitional), Application (Military, Civil & Commercial, Homeland Security, Consumer, and Others), and Weight (Less Than 1 Kg and 1 Kg to 2Kg): Global Opportunity Analysis and Industry Forecast, 2021–2030

U.S. Commercial Drones Market by Type (Fixed Wing Drones, Rotary Blade Drones and Hybrid Drones), by Application (Agriculture & Environment, Media & Entertainment, Energy, Government, Construction & Archaeology and Others) and by Function (Connectivity, Services and Solutions): Opportunity Analysis and Industry Forecast, 2021–2030

Small Drones Market by Size (Nano drones and Micro drones), Type (Fixed Wing and Rotary Wing), and Application (Commercial, Defense, and Recreational): Global Opportunity Analysis and Industry Forecast, 2021–2030

Commercial Drones Market by Type (Fixed Wing, Rotary, and Hybrid), Mode of Operation (Remotely Operated, Semi-Autonomous, and Autonomous), and Application (Agriculture and Environment, Media and Entertainment, Energy, Government, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

Target Drone Market by End Use (Defense and Commercial), Target (Aerial Target, Ground Target, and Marine Target), and Mode of Operation (Autonomous and Remotely Piloted): Global Opportunity Analysis and Industry Forecast, 2021–2030

Drone Service Market by Type (Drone Platform Services, Drone Maintenance, Repair, and Overhaul (MRO) Services, and Drone Training & Education Services), Duration of Service (Short-Duration Services and Long-Duration Services), Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics, Mapping & Surveying, Modelling, Disaster Risk Management & Mitigation, Inspection & Environmental Monitoring, and Others), and Solution (Enterprise and Point): Global Opportunity Analysis and Industry Forecast, 2021–2030

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | Twitter | LinkedIn |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg