UAV Drones Market Forecast to Reach $46.2 Billion by 2025
Posted on Jul 11 2020 11:09 AM "The increase in the worldwide procurement of military UAVs by defense forces is one of the most significant factors that are projected to drive UAV market growth" The UAV Drones Market is forecast to reach $46.2 billion by 2025, growing at a CAGR of 14.9% from 2020 to 2025. The increase in the worldwide procurement of military UAVs by defense forces is one of the most significant factors that are projected to drive UAV market growth. Also contributing to the growth of the UAV market is the growing use of UAVs in various commercial applications, such as tracking, surveying & mapping, precision agriculture, aerial remote sensing and drug distribution. Moreover, the evolution of new innovative technologies, such as collision avoidance and geo-fencing that make flying drones safer, has led to increased consumer drone adoption across the global industry. Its growth can be attributed to increased use of multi-rotor drones in the application of ...