The main objective behind the in-depth study is to analyze the drone payload market concept as well as to define, describe and forecast the market on the basis of type, end user and region.

Talking about the rapid advancement in various technology such as micro-miniaturization along with innovative use of micro electro-mechanical devices (MEMS) and integrated computer application chips (ASIC) are expected to not only reduce the size and weight of sensors, but also enable their functional integration to fuse multiple data sources. This technology drive the drone payload market.

On the basis of type, this drone payload market  has been segmented into EO/IR, surveillance & cameras, synthetic aperture radar (SAR), Signal Intelligence (SIGINT), Electronic Intelligence (ELINT), Communication Intelligence (COMINT), Maritime Patrol Radar (MPR), Laser Sensors, CBRN Sensors, Electronic Warfare (EW), Optronics, etc. According to the research news, the synthetic aperture radar segment is projected to grow at the highest CAGR during the forecast period.

On the basis of end user, the drone payload market has been segmented into defence and commercial. The defence segment dominates the market in terms of market size and is expected to continue its dominance during the forecast period. 

On the basis of the region, APAC region is anticipated to grow at the highest rate in the drone payload market during the forecast period. This market growth in the Asia-Pacific region can be attributed to increased military spending on drone payloads in countries, such as India and China. 

In addition to increasing requirements for military UAVs in both the nations, their civilian markets are expected to continue growing. Countries, such as Japan, South Korea, and Indonesia are taking several initiatives to encourage research and domestic production of UAVs. Also in North America and Europe as same.

Some of the popular companies involved in this drone payload trends such as Lockheed Martin Corporation (U.S.), AeroVironment, Inc. (U.S.), Elbit Systems Ltd. (Israel), BAE Systems (U.K.) and Northrop Grumman Corporation (U.S.). Lockheed Martin Corporation is an eminent player in the market. 

For more market details you may refer: http://www.marketsandmarkets.com/Market-Reports/drone-payload-market-75052126.html