Verified Market Research
The commercial drone/UAV drones market growth is due to the rising adoption of drone technology in industrial verticals, including agriculture, mining, and construction. Especially within the agricultural sector, drones are widely used for monitoring farmlands to enable farmers to reply quickly to threats like drought and pests. This will foster market growth.
Jersey City, New Jersey, Sept. 07, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently published a report, “UAV Drones Market” By Component (Camera, Battery, Propulsion System, Controller, Sensor), By Drones Type (Military Drones and Commercial Drones), By Application (Law Enforcement, Surveying, and Mapping, Personal, Precision Agriculture), and By Geography. According to Verified Market Research, the UAV Drones Market size was valued at USD 26.9 Billion in 2021 and is projected to reach USD 72.1 Billion by 2030, growing at a CAGR of 17.22% from 2022 to 2030.
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Browse in-depth TOC on “UAV Drones Market”
202 – Pages
126 – Tables
37 – Figures
Global UAV Drones Market Overview
Numerous commercial industries, including surveying, inspection, the military, homeland security, media and entertainment, precision agriculture, etc., are major consumers of UAV drones. The increasing demand for commercial applications is gradually increasing, thus, driving the global UAV drone market. In addition, the capacity to undertake risky jobs, including checking utility pipelines, with more accuracy and efficiency in comparison to traditional methods is predicted to boost demand in the commercial sectors and support market expansion.
There are certain obstacles and restraints faced that will hinder the overall market growth. The factors such as the implementation of such ideas are restrained by government regulations, and the absence of standards and protocols is limiting the market growth. Also, the lack of skilled & trained personnel to operate UAVs and issues with the safety and security of UAVs are estimated to cause sluggish growth during the forecast period. Further, the lack of proper air traffic management for UAVs and possible threats to safety and violation of privacy is the potential restraints hampering the overall growth of the global UAV drone market. Nevertheless, the advancements in technologies such as the introduction of commercial drone delivery services are anticipated to foster different innovative forms of cargo transportation capabilities such as transport of temperature-sensitive commodities and emergency medicines, offering favorable growth opportunities.
Key Players
The major players in the market are Aerovironment, Thales, Lockheed Martin, 3DR, Boeing, Northrop Grumman, DJI, General Atomics, Parrot Drone SAS, Precisionhawk, and Textron.
Verified Market Research has segmented the Global UAV Drones Market On the basis of Component, Drones Type, Application, and Geography.
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UAV Drones Market, By Component
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Camera
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Battery
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Propulsion System
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Controller
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Sensor
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Others
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UAV Drones Market, By Drones Type
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Military Drones
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Commercial Drones
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UAV Drones Market, By Application
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UAV Drones Market, by Geography
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North America
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Europe
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Germany
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France
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U.K
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Rest of Europe
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Asia Pacific
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China
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Japan
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India
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Rest of Asia Pacific
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ROW
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Middle East & Africa
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Latin America
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Leading Drone Package Delivery Companies taking off for quick deliveries
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Source: https://finance.yahoo.com/news/uav-drones-market-expected-generate-141500683.html