UAV Payload Market Trends, Growth, Industry & Revenue [2030]
UAV Payload Market Trends, Growth, Industry & Revenue [2030]
Segments - UAV Payload Market by Equipment (Weaponry, Radar & Communication, and Cameras & Sensors) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :EP-4581
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| 187 Pages
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Report Description
The global UAV payload market size was valued at USD 5.11 billion in 2020 and is expected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to due to the dynamic applicability of UAV payload in a variety of industries.
The payload of a drone or unmanned aerial vehicle (UAV) is the maximum weight it can carry. Commercial drones are becoming increasingly popular due to their diverse variety of uses. Furthermore, UAVs equipped with high-resolution cameras are employed for commercial TV and film production, propelling the expansion of imaging and filmmaking equipment. Governments throughout the globe are aiming to use UAVs in infrastructure, scientific research & development, environmental studies, and disaster management. In military or commercial Intelligence, surveillance, and reconnaissance activities; advanced EO/IR cameras mounted in most UAVs deliver excellent pictures even at night, enabling improved mission success rates.
Following the COVID-19 pandemic outbreak, the situation has radically changed. There have been halts in UAV production due to a paucity of raw materials and people to carry out manufacturing operations in 2020 due to sporadic lockdowns and the enforcement of social distancing rules throughout the world.
Market Trends, Drivers, Restraints, and Opportunities
- Increased government expenditure on military drone operations as a result of technological advancements is anticipated to propel the market growth during the projected period.
- Growth in commercial drone applications across several business verticals is likely to boost the market throughout the forecast period.
- Advancement in worldwide drone equipment market, rapidly falling camera prices, and advances in wireless connection technologies are key advantages that push the market expansion.
- Rigorous rules regarding the use of UAVs established by aviation regulatory agencies can hamper the market expansion during the forecast period.
- Increased applications of UAVs in agriculture and law enforcement sectors are likely to create lucrative opportunities for the market growth.
Scope of the Report
The report on the global UAV payload market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | UAV Payload Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Equipment (Weaponry, Radar & Communication, and Cameras & Sensors) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Israel Aerospace Industries; Lockheed Martin Corporation; Northrop Grumman; Elbit Systems; Barnard Microsystems; Gilat Satellite Networks; and FreeWave Technologies |
Market Segment Insights
Cameras & sensors segment to expand at a considerable CAGR
On the basis of equipment, the UAV payload market is segmented into weaponry, radar & communication, and cameras & sensors. The cameras & sensors segment is projected to expand at a considerable CAGR during the forecast period due to wide use of the equipment for the drone. All of these UAV systems have camera and sensor devices, which aid in drone handling and provide real-time video feeds to the ground controller. On the other hand, the radar & communication segment is anticipated to account for a major market share during the forecast period. Radars and communication equipment are important parts of the UAS since they allow communication between the UAV and ground stations, as well as between two UAVs.
North America is anticipated to constitute a key market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to increased military drone operations in the region, Moreover, rapid expansion of commercial and recreational drone use for a variety of industrial activities have provided more opportunities for the payload sector in the region. However, the European market is anticipated to expand at a rapid pace during the forecast period due to revised laws for the use of drones in commercial applications in the region. Many high-tech integrated UAVs are rapidly being introduced, which has fueled the expansion of the drone and payload sector in the region.
Segments
The global UAV payload market has been segmented on the basis of
Equipment
- Weaponry
- Radar & Communication
- Cameras & Sensors
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Israel Aerospace Industries
- Lockheed Martin Corporation
- Northrop Grumman
- Elbit Systems
- Barnard Microsystems
- Gilat Satellite Networks
- FreeWave Technologies
Competitive Landscape
Key players competing in the global UAV payload market are Israel Aerospace Industries; Lockheed Martin Corporation; Northrop Grumman; Elbit Systems; Barnard Microsystems; Gilat Satellite Networks; and FreeWave Technologies.
To some extent, military drone manufacturers integrate communication and imaging technology with armament, taking into account the operational criticality and producing little margin for error. Drones employed in business applications, on the other hand, may be modified and used as sensing and communication devices. Between raw material and technology suppliers and drone manufacturers, there is a high level of interaction. Several players have entered into collaborations to develop integrated drone camera systems for uses including aerial photography and surveillance.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. UAV Payload Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. UAV Payload Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. UAV Payload Market - Supply Chain
4.5. Global UAV Payload Market Forecast
4.5.1. UAV Payload Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. UAV Payload Market Size (000’ Units) and Y-o-Y Growth
4.5.3. UAV Payload Market Absolute $ Opportunity
5. Global UAV Payload Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. UAV Payload Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global UAV Payload Demand Share Forecast, 2019-2026
6. North America UAV Payload Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America UAV Payload Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America UAV Payload Demand Share Forecast, 2019-2026
7. Latin America UAV Payload Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America UAV Payload Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America UAV Payload Demand Share Forecast, 2019-2026
8. Europe UAV Payload Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe UAV Payload Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe UAV Payload Demand Share Forecast, 2019-2026
9. Asia Pacific UAV Payload Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific UAV Payload Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific UAV Payload Demand Share Forecast, 2019-2026
10. Middle East & Africa UAV Payload Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa UAV Payload Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa UAV Payload Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global UAV Payload Market: Market Share Analysis
11.2. UAV Payload Distributors and Customers
11.3. UAV Payload Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Israel Aerospace Industries
11.4.2. Lockheed Martin Corporation
11.4.3. Northrop Grumman
11.4.4. Elbit Systems
11.4.5. Barnard Microsystems
11.4.6. Gilat Satellite Networks
11.4.7. FreeWave Technologies
Methodology
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