The DJI Payload SDK (PSDK) is a modular library for Linux or RTOS that allows developers to create custom accessories for DJI drones, featuring tools for power management, data subscription, video streaming, and camera control. It uses components like the X-Port and SkyPort V2 for hardware connections and supports various functionalities through a structured interface. A specific example is the searchlight integration, which involves a C++ UI on a Raspberry Pi that facilitates user interaction with the drone's functionalities via the PSDK.