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SAN FRANCISCO, CA--(Marketwired - Feb 2, 2016) - The global UAV payload market size is expected to reach USD 6.34 billion by 2022 according to a new report by Grand View Research, Inc.
Technological advancements and increasing investments in R&D have driven the UAV market. Increasing demand in military and commercial UAV industry has propelled industry growth.
Payloads are a part of larger drone system and depend on the application segment of the UAV system. UAV payload comprises sensors, cameras, gimbal controllers, communications systems, and weaponry. Applications of such UAVs in energy, agriculture, retail, and media and entertainment sectors along with fire fighting and surveying are expected to positively impact payload industry growth.
Browse full research report with TOC on "UAV Payload Market Analysis By Equipment (Cameras & Sensors, Radar & Communications, Weaponry) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/uav-payload-market
Drones are gradually becoming popular in the commercial sector as well after making their presence felt in the military sector. However, stringent government policies regulating the use of such UAVs commercially are expected to pose a challenge to the payload industry.
Further key findings from the report suggest:
Grand View Research has segmented the global UAV payload market on the basis of equipment and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.