Drone payload market is experiencing high demand due to increased usage of UAV by various industries such as oil and gas, agriculture, and deface. Some of the prominent players providing drone payload solution are focusing on providing technologically advanced solutions like high resolution cameras and better sensors to gain a broader customer base and gain a significant market share.
MARKET SCOPE
The "Global Drone Payload Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the drone payload market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading drone payload market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of the sensor type the market is segmented as cameras and sensors, radar and communication, and weaponry.
- On the basis of end user, the market is segmented as defense, agriculture and environment, media and entertainment, energy, government, construction, and others.
MARKET DYNAMICS
Drivers:
- increasing demand for high resolution cameras for inspection, digitization, and technological advancements
- The increasing demand for drone inspection services across various industries such as agriculture, oil and gas, and energy
Restraints
- Several restrictions and regulations of use of drone payload in commercial application
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The drone payload market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the drone payload market in these regions.
IMPACT OF COVID-19 ON DRONE PAYLOAD MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption in global supply chain is expected to leave an impact on the drone industry through till mid-2021. With the rising concern of health of the general public, governments across nations are focused on investments on healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, the pandemic has proved that careful coordination is required between all defense and healthcare agencies to ensure effective security measures. Moreover, demand for defense related products such as drones simulators will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense. Moreover, several industries like media and entertainment, oil and gas, real estates and property, agriculture, etc. are one of the essential services which are operating in the pandemic situation as well. Thus the use of drone for enhanced high resolution cameras for inspection and various other utilities are creating further opportunity for the drone payload market in post-pandemic scenarios.
MARKET PLAYERS
The report covers key developments in the drone payload market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from drone payload market are anticipated to lucrative growth opportunities in the future with the rising demand for drone payload in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the drone payload market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aerialtronics
- AeroVironment, Inc.
- Aeryon
- DJI
- FLIR Systems, Inc.
- GoPro, Inc.
- Insitu
- Textron Inc
- Thales Group
- Yuneec
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.