Drone Payload Market by Type (EO/IR, Cameras, SAR, Sigint, Elint, Comint, MPR, Laser Sensors, CBRN Sensors & Optronics), End-User (Defense & Commercial), and Region - Global Forecast to 2021
Report Summary : “The drone payload market is projected to grow at a CAGR of 16.25%” The drone payload market is estimated to be valued at USD 3.63 billion in 2016 and is projected to reach USD 7.72 billion by 2021, at a CAGR of 16.25% between 2016 and 2021. The application of UAVs in the commercial sector is expected to encourage developers to push the envelope in terms of payload design. The increase in processing capability would enable users to analyze data locally, thereby allowing them to make real-time decisions. This is expected to drive the development of payloads with higher capabilities. Key players profiled in the drone payload market report include Lockheed Martin Corporation (U.S.), AeroVironment, Inc. (U.S.), Elbit Systems Ltd. (Israel), BAE Systems (U.K.) and Northrop Grumman Corporation (U.S.), among others. Reasons to buy the report: From an insight perspective, the drone payload market report has focused on various levels of analysis — industry...