Global Drone Payload Market to Reach $15.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Drone Payload estimated at US$5.6 Billion in the year 2020, is projected to reach a revised size of US$15.7 Billion by 2027, growing at a CAGR of 15.9% over the analysis period 2020-2027. Cameras & Sensors, one of the segments analyzed in the report, is projected to record a 17.4% CAGR and reach US$7.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Radars & Communication segment is readjusted to a revised 15.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 15.3% CAGR
The Drone Payload market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 15.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.1% and 13.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.6% CAGR.
Weaponry Segment to Record 13.6% CAGR
In the global Weaponry segment, USA, Canada, Japan, China and Europe will drive the 13.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.9 Billion by the year 2027.
Select Competitors (Total 41 Featured):
Amid the COVID-19 crisis, the global market for Drone Payload estimated at US$5.6 Billion in the year 2020, is projected to reach a revised size of US$15.7 Billion by 2027, growing at a CAGR of 15.9% over the analysis period 2020-2027. Cameras & Sensors, one of the segments analyzed in the report, is projected to record a 17.4% CAGR and reach US$7.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Radars & Communication segment is readjusted to a revised 15.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 15.3% CAGR
The Drone Payload market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 15.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.1% and 13.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.6% CAGR.
Weaponry Segment to Record 13.6% CAGR
In the global Weaponry segment, USA, Canada, Japan, China and Europe will drive the 13.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.9 Billion by the year 2027.
Select Competitors (Total 41 Featured):
- 3D Robotics, Inc. (3DR)
- AeroVironment, Inc.
- BAE Systems PLC
- Elbit Systems Ltd.
- Israel Aerospace Industries (IAI)
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Parrot Drones SAS
- SZ DJI Technology Co., Ltd.
- Thales Group
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- Drone Payload: A Prelude
- Bright Prospects Ahead for Drone Payload Market
- US and Europe: Primary Revenue Contributors
- Exhibit 1: Number of Drones (in ‘000s) in the US for the Years 2019 and 2025
- Impact of Covid-19 and a Looming Global Recession
- Fast Evolving Use Case of Drones in Military and Commercial Applications Creates Highly Conducive Environment for Drone Payload Market
- Exhibit 2: Percentage Breakdown of World UAV Production (Value) by End-Use Sector for the Years 2019 and 2025
- Northbound Trajectory in Military Drone Spending Enhances Market Prospects
- Noteworthy Military Drone Models
- Exhibit 3: World Military UAV Production (in US$ Million) by Country/Region for the Years 2019 and 2025
- Exhibit 4: World Military UAV Production (in Units) by Country/Region for the Years 2019 and 2025
- High-Growth Opportunities in Commercial Drone Domain Underpin Revenue Growth
- Easing Regulations Catalyse Commercial Drone Deployments
- Noteworthy Commercial & Professional Drone Models
- Exhibit 5: Percentage Breakdown of Commercial Drone Deployments by End-Use Industry in the US (2019)
- Sensors, Functioning as Eyes and Ears of Drones, Emerge as Critical Part of Drone Payload
- Advancements in Camera Technology Widen Opportunities for Drone Payload Market
- Camera Drones Emerge as Specialized Segment within the Drone Market
- Thermal Vision Cameras Make Big Gains in Drone Camera Vertical
- Communication Systems Become Imperative in Drone Payload
- Drone Payload Gets Lethal with Integration of Sophisticated Weaponry
- Tech Advancements Poised to Reinforce Drone Weaponry Capabilities
- Safety and Security Concerns Associated with Drone Technology Hamper Market Prospects
- Table 1: World Current & Future Analysis for Drone Payload by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 2: World 7-Year Perspective for Drone Payload by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
- Table 3: World Current & Future Analysis for Cameras & Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 4: World 7-Year Perspective for Cameras & Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 5: World Current & Future Analysis for Radars & Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 6: World 7-Year Perspective for Radars & Communication by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 7: World Current & Future Analysis for Weaponry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 8: World 7-Year Perspective for Weaponry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 9: World Current & Future Analysis for Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 10: World 7-Year Perspective for Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 11: World Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 12: World 7-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
- Table 13: USA Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 14: USA 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 15: USA Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 16: USA 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Table 17: Canada Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 18: Canada 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 19: Canada Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 20: Canada 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Table 21: Japan Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 22: Japan 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 23: Japan Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 24: Japan 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Table 25: China Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 26: China 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 27: China Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 28: China 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Table 29: Europe Current & Future Analysis for Drone Payload by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 30: Europe 7-Year Perspective for Drone Payload by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
- Table 31: Europe Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 32: Europe 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 33: Europe Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 34: Europe 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Table 35: France Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 36: France 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 37: France Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 38: France 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Table 39: Germany Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 40: Germany 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 41: Germany Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 42: Germany 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Table 43: Italy Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 44: Italy 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 45: Italy Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 46: Italy 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Table 47: UK Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 48: UK 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 49: UK Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 50: UK 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Table 51: Rest of Europe Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 52: Rest of Europe 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 53: Rest of Europe Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 54: Rest of Europe 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Table 55: Asia-Pacific Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 56: Asia-Pacific 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 57: Asia-Pacific Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 58: Asia-Pacific 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Table 59: Rest of World Current & Future Analysis for Drone Payload by Type - Cameras & Sensors, Radars & Communication and Weaponry - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 60: Rest of World 7-Year Perspective for Drone Payload by Type - Percentage Breakdown of Value Sales for Cameras & Sensors, Radars & Communication and Weaponry for the Years 2020 & 2027
- Table 61: Rest of World Current & Future Analysis for Drone Payload by End-Use - Defense and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 62: Rest of World 7-Year Perspective for Drone Payload by End-Use - Percentage Breakdown of Value Sales for Defense and Commercial for the Years 2020 & 2027
- Total Companies Profiled: 41
Note: Product cover images may vary from those shown
