According to (MENAFN-GetNews) Drone Sizing research report, new revenue-generating opportunities in Unmanned Aircraft Systems are identified. The report aims to estimate the market size and future growth of the UAV industry based on product, process, application, vertical, and region.
The report,“Drone Market (Type) by Vertical, Class, System, Industry (Defense & Security, Agriculture, Construction & Mining, Media & Entertainment), Type, Mode of Operation, Scope, Point of Sale, MTOW, and Region ‘Global Forecast to 2025’, is estimated to be USD 19.3 Billion in 2019, and is projected to reach $45.8 billion by 2025, growing at a CAGR of 15.5% from 2019 to 2025.
Global Forecast for Unmanned Aerial Vehicles (UAV) Market to 2025 is derived from 184 market data tables and 75 charts spread through 321 pages.
Increasing use of unmanned aerial vehicles (UAVs) in commercial and military applications is one of the most important factors driving the growth of the UAV market. Improvements in flight control systems are expected to drive the growth of the UAV market due to the rapid development of sensors and obstacle avoidance technologies.
The commercial vertical segment of the drone market is expected to grow at the highest CAGR during the forecast period.
Based on vertical, the commercial vertical of the drone market is expected to grow at the highest CAGR from 2019 to 2025. This growth can be attributed to the increasing adoption of drones in various commercial applications such as inspection, surveillance, surveying, and mapping. Air-delivered UAVs are expected to replace traditional freight forwarding services in the coming years due to their higher operational speed and higher level of cost control.
Based on scope, the beyond line of sight (BLOS) segment is expected to grow at the highest CAGR during the forecast period.
Based on scope, the beyond line of sight (BLOS) segment of the drone market is expected to grow at the highest growth rate during the forecast period, owing to the relaxation of restrictions on the commercial use of drones.
Based on the mode of operation, the fully automated unmanned aerial vehicles market is expected to grow at the highest CAGR during the forecast period.
Based on the operating model, the fully autonomous unmanned aerial vehicles market is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the advantages associated with fully autonomous UAVs that do not require human intervention and have pre-programmed features that help them operate smoothly.
Asia Pacific is expected to be the fastest growing market for drones during the forecast period.
The UAV market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the high demand for drones in the commercial and military sectors in countries such as China, India, and Japan. The military budgets of the aforementioned countries are increasing every year, which subsequently leads to the adoption of military drones as they help in collecting battlefield data.
Post time: Nov-19-2024