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Amid the COVID-19 crisis and the looming economic recession, the Drone Payload market worldwide will grow by a projected US$11 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 18.6%. Cameras & Sensors, one of the segments analyzed and sized in this study, is forecast to grow at over 20.3% and reach a market size of US$7.6 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Cameras & Sensors market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 17.5% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$360.6 Million to the region's size over the next 7 to 8 years. In addition, over US$462.9 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Cameras & Sensors segment will reach a market size of US$444.8 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Drone Payload market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 16% over the next couple of years and add approximately US$1.3 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Drone Payload market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others:
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
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 17.5% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$360.6 Million to the region's size over the next 7 to 8 years. In addition, over US$462.9 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Cameras & Sensors segment will reach a market size of US$444.8 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Drone Payload market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 16% over the next couple of years and add approximately US$1.3 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Drone Payload market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others:
3D Robotics, Inc. (3DR), AeroVironment, Inc, BAE Systems PLC, Elbit Systems Ltd, Israel Aerospace Industries (IAI), Lockheed Martin Corporation, Northrop Grumman Corporation, Parrot Drones SAS, SZ DJI Technology Co, Ltd, Thales Group
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Drone Payload: A Prelude
Bright Prospects Ahead for Drone Payload Market
US and Europe: Primary Revenue Contributors
Number of Drones (in ‘000s) in the US for the Years 2019 and 2025
Global Competitor Market Shares
Drone Payload Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Fast Evolving Use Case of Drones in Military and Commercial Applications Creates Highly Conducive Environment for Drone Payload Market
Percentage Breakdown of World UAV Production (Value) by End-Use Sectorfor the Years 2019 and 2025
Northbound Trajectory in Military Drone Spending Enhances Market Prospects
Noteworthy Military Drone Models
World Military UAV Production (in US$ Million) by Country/Region for the Years 2019 and 2025
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
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
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Drone Payload Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Drone Payload Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Cameras & Sensors (Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 4: Cameras & Sensors (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: Radars & Communication (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 6: Radars & Communication (Type) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: Weaponry (Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 8: Weaponry (Type) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 9: Defense (End-Use) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 10: Defense (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027
TABLE 11: Commercial (End-Use) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 12: Commercial (End-Use) Distribution of Global Sales by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Drone Payload Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 13: United States Drone Payload Market Estimates and Projections in US$ Million by Type: 2020 to 2027
TABLE 14: United States Drone Payload Market Share Breakdown by Type: 2020 VS 2027
TABLE 15: United States Drone Payload Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 16: Drone Payload Market Share Breakdown in the United States by End-Use: 2020 VS 2027
CANADA
TABLE 17: Canadian Drone Payload Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 18: Drone Payload Market in Canada: Percentage Share Breakdown of Sales by Type for 2020 and 2027
TABLE 19: Canadian Drone Payload Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 20: Canadian Drone Payload Market Share Analysis by End-Use: 2020 VS 2027
JAPAN
TABLE 21: Japanese Market for Drone Payload: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 22: Japanese Drone Payload Market Share Analysis by Type: 2020 VS 2027
TABLE 23: Japanese Demand Estimates and Forecasts for Drone Payload in US$ Million by End-Use: 2020 to 2027
TABLE 24: Drone Payload Market Share Shift in Japan by End-Use: 2020 VS 2027
CHINA
TABLE 25: Chinese Drone Payload Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 26: Chinese Drone Payload Market by Type: Percentage Breakdown of Sales for 2020 and 2027
TABLE 27: Chinese Demand for Drone Payload in US$ Million by End-Use: 2020 to 2027
TABLE 28: Chinese Drone Payload Market Share Breakdown by End-Use: 2020 VS 2027
EUROPE
Market Facts & Figures
European Drone Payload Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
TABLE 29: European Drone Payload Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 30: European Drone Payload Market Share Shift by Region/Country: 2020 VS 2027
TABLE 31: European Drone Payload Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 32: European Drone Payload Market Share Breakdown by Type: 2020 VS 2027
TABLE 33: European Drone Payload Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 34: European Drone Payload Market Share Analysis by End-Use: 2020 VS 2027
FRANCE
TABLE 35: Drone Payload Market in France by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 36: French Drone Payload Market Share Analysis by Type: 2020 VS 2027
TABLE 37: Drone Payload Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
TABLE 38: French Drone Payload Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
GERMANY
TABLE 39: Drone Payload Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 40: German Drone Payload Market Share Breakdown by Type: 2020 VS 2027
TABLE 41: Drone Payload Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 42: Drone Payload Market Share Distribution in Germany by End-Use: 2020 VS 2027
ITALY
TABLE 43: Italian Drone Payload Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 44: Italian Drone Payload Market by Type: Percentage Breakdown of Sales for 2020 and 2027
TABLE 45: Italian Demand for Drone Payload in US$ Million by End-Use: 2020 to 2027
TABLE 46: Italian Drone Payload Market Share Breakdown by End-Use: 2020 VS 2027
UNITED KINGDOM
TABLE 47: United Kingdom Market for Drone Payload: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 48: United Kingdom Drone Payload Market Share Analysis by Type: 2020 VS 2027
TABLE 49: United Kingdom Demand Estimates and Forecasts for Drone Payload in US$ Million by End-Use: 2020 to 2027
TABLE 50: Drone Payload Market Share Shift in the United Kingdom by End-Use: 2020 VS 2027
REST OF EUROPE
TABLE 51: Rest of Europe Drone Payload Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 52: Rest of Europe Drone Payload Market Share Breakdown by Type: 2020 VS 2027
TABLE 53: Rest of Europe Drone Payload Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 54: Rest of Europe Drone Payload Market Share Analysis by End-Use: 2020 VS 2027
ASIA-PACIFIC
TABLE 55: Drone Payload Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 56: Asia-Pacific Drone Payload Market Share Analysis by Type: 2020 VS 2027
TABLE 57: Drone Payload Quantitative Demand Analysis in Asia-Pacific in US$ Millionby End-Use: 2020-2027
TABLE 58: Asia-Pacific Drone Payload Market Share Analysis: A 7-Year Perspectiveby End-Use for 2020 and 2027
REST OF WORLD
TABLE 59: Rest of World Drone Payload Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 60: Drone Payload Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2020 and 2027
TABLE 61: Rest of World Drone Payload Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 62: Rest of World Drone Payload Market Share Analysis by End-Use: 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 41
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Drone Payload: A Prelude
Bright Prospects Ahead for Drone Payload Market
US and Europe: Primary Revenue Contributors
Number of Drones (in ‘000s) in the US for the Years 2019 and 2025
Global Competitor Market Shares
Drone Payload Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Fast Evolving Use Case of Drones in Military and Commercial Applications Creates Highly Conducive Environment for Drone Payload Market
Percentage Breakdown of World UAV Production (Value) by End-Use Sectorfor the Years 2019 and 2025
Northbound Trajectory in Military Drone Spending Enhances Market Prospects
Noteworthy Military Drone Models
World Military UAV Production (in US$ Million) by Country/Region for the Years 2019 and 2025
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
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
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Drone Payload Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Drone Payload Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Cameras & Sensors (Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 4: Cameras & Sensors (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: Radars & Communication (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 6: Radars & Communication (Type) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: Weaponry (Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 8: Weaponry (Type) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 9: Defense (End-Use) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 10: Defense (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027
TABLE 11: Commercial (End-Use) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 12: Commercial (End-Use) Distribution of Global Sales by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Drone Payload Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 13: United States Drone Payload Market Estimates and Projections in US$ Million by Type: 2020 to 2027
TABLE 14: United States Drone Payload Market Share Breakdown by Type: 2020 VS 2027
TABLE 15: United States Drone Payload Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 16: Drone Payload Market Share Breakdown in the United States by End-Use: 2020 VS 2027
CANADA
TABLE 17: Canadian Drone Payload Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 18: Drone Payload Market in Canada: Percentage Share Breakdown of Sales by Type for 2020 and 2027
TABLE 19: Canadian Drone Payload Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 20: Canadian Drone Payload Market Share Analysis by End-Use: 2020 VS 2027
JAPAN
TABLE 21: Japanese Market for Drone Payload: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 22: Japanese Drone Payload Market Share Analysis by Type: 2020 VS 2027
TABLE 23: Japanese Demand Estimates and Forecasts for Drone Payload in US$ Million by End-Use: 2020 to 2027
TABLE 24: Drone Payload Market Share Shift in Japan by End-Use: 2020 VS 2027
CHINA
TABLE 25: Chinese Drone Payload Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 26: Chinese Drone Payload Market by Type: Percentage Breakdown of Sales for 2020 and 2027
TABLE 27: Chinese Demand for Drone Payload in US$ Million by End-Use: 2020 to 2027
TABLE 28: Chinese Drone Payload Market Share Breakdown by End-Use: 2020 VS 2027
EUROPE
Market Facts & Figures
European Drone Payload Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
TABLE 29: European Drone Payload Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 30: European Drone Payload Market Share Shift by Region/Country: 2020 VS 2027
TABLE 31: European Drone Payload Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 32: European Drone Payload Market Share Breakdown by Type: 2020 VS 2027
TABLE 33: European Drone Payload Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 34: European Drone Payload Market Share Analysis by End-Use: 2020 VS 2027
FRANCE
TABLE 35: Drone Payload Market in France by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 36: French Drone Payload Market Share Analysis by Type: 2020 VS 2027
TABLE 37: Drone Payload Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
TABLE 38: French Drone Payload Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027
GERMANY
TABLE 39: Drone Payload Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 40: German Drone Payload Market Share Breakdown by Type: 2020 VS 2027
TABLE 41: Drone Payload Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 42: Drone Payload Market Share Distribution in Germany by End-Use: 2020 VS 2027
ITALY
TABLE 43: Italian Drone Payload Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 44: Italian Drone Payload Market by Type: Percentage Breakdown of Sales for 2020 and 2027
TABLE 45: Italian Demand for Drone Payload in US$ Million by End-Use: 2020 to 2027
TABLE 46: Italian Drone Payload Market Share Breakdown by End-Use: 2020 VS 2027
UNITED KINGDOM
TABLE 47: United Kingdom Market for Drone Payload: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 48: United Kingdom Drone Payload Market Share Analysis by Type: 2020 VS 2027
TABLE 49: United Kingdom Demand Estimates and Forecasts for Drone Payload in US$ Million by End-Use: 2020 to 2027
TABLE 50: Drone Payload Market Share Shift in the United Kingdom by End-Use: 2020 VS 2027
REST OF EUROPE
TABLE 51: Rest of Europe Drone Payload Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 52: Rest of Europe Drone Payload Market Share Breakdown by Type: 2020 VS 2027
TABLE 53: Rest of Europe Drone Payload Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 54: Rest of Europe Drone Payload Market Share Analysis by End-Use: 2020 VS 2027
ASIA-PACIFIC
TABLE 55: Drone Payload Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 56: Asia-Pacific Drone Payload Market Share Analysis by Type: 2020 VS 2027
TABLE 57: Drone Payload Quantitative Demand Analysis in Asia-Pacific in US$ Millionby End-Use: 2020-2027
TABLE 58: Asia-Pacific Drone Payload Market Share Analysis: A 7-Year Perspectiveby End-Use for 2020 and 2027
REST OF WORLD
TABLE 59: Rest of World Drone Payload Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 60: Drone Payload Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2020 and 2027
TABLE 61: Rest of World Drone Payload Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 62: Rest of World Drone Payload Market Share Analysis by End-Use: 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 41
Note: Product cover images may vary from those shown
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