PORTLAND, Oregon and PUNE, India, November 21, 2016 /PRNewswire/ -- A new report published by Allied Market Research, titled, "WorldDrone Payload MarketbyType,End user, and Geography -Global Opportunity Analysis and Industry Forecast, 2014 -2022, " projects that the world drone payload market is expected to garner $7,018 million by 2022, registering a CAGR of 5.5% from 2016 to 2022. Cameras and sensors segment generated the largest market share in 2015 while the weaponry segment is expected to register highest growth rate during the forecast period. North America is expected to be the leading region in the global market throughout 2022. (Logo: http://photos.prnewswire.com/prnh/20140911/647229 ) Summary of the Drone Payload Market can be accessed on the website athttps://www.alliedmarketresearch.com/drone-payload-market Rise in budgetary expenses in defense sector, increased market for location-based services, growing adoption of drones, increasing need of mapping services, and growing use of aerial imaging services across various industries are expected to drive the growth of world drone payload industry. In addition, the adoption of drone payload products, such as high-definition action cameras, motion sensors, thermal sensors, laser sensors, CBRN sensors, and infrared sensors have increased significantly among defense agencies worldwide for signal intelligence (SIGINT), electronic intelligence (Elint), surveillance, and other applications. Increased use of drones for crop management and green mapping has fueled the demand for drone payloads among agriculture and environment segment. However, issues related to personal safety and variations in aviation laws in specific regions limit the growth of this unmanned aerial vehicle (UAV) payload market. Moreover, promising growth rate of drone market and increased market for location-based services are expected to provide lucrative opportunity for market growth.