The [FURL=https://www.industryarc.com/Report/18181/uav-drones-market.html]UAV Drones Market[/FURL] 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 aerial photography and FPV racing.Key Takeaways
The UAV Drones Market in North America is highly dominant due to the increasing use of UAVs for border and maritime surveillance activities in countries such as the US and Canada.
The increasing use of unmanned aerial vehicles in commercial and military applications is one of the most significant factors expected to drive growth on the UAV market.
One of the major obstacles for the growth of the UAV market worldwide is the rules and regulations placed by various government agencies on the use of UAVs in civil & commercial applications.
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Geography - Segment Analysis
The UAV market was segmented by region into North America, Europe, Asia Pacific, the Middle East, Latin America and Africa. The largest UAV market in 2019 is estimated to be in North America accounting to around 46%. The increasing use of UAVs for border and maritime surveillance activities in countries like the US and Canada is driving the growth of North America's UAV marketplace. The US has used UAVs extensively in attacks against militant groups in Syria, Libya and Iraq. UAVs have been used in various environments and high-risk roles in Canada, such as atmospheric research, including weather and atmospheric gas sampling and oceanographic investigation. The APAC market is expected to grow at the highest CAGR of around 20.1% from 2020 through 2025.
Drivers – UAV Drones Market
Increasing use of unmanned aerial vehicles in commercial and military applications
Growing demand from industrial and commercial verticals
Market Landscape: UAV Drones driver market is expected to be dominated by major companies such as Northrop Grumman (US), DJI (China), General Atomics Aeronautical Systems (US), Parrot (France), Thales (France), 3DR (US), Boeing (US), PrecisionHawk (US), Lockheed Martin (US), AeroVironment (US), Elbit Systems (Israel), Israel Aerospace Industries (Israel), ING Robotic Aviation (Canada), AiDrones (Germany), Nimbus srl (Italy), Aeroscout (Switzerland), VTOL Technologies (UK), Xiaomi (China), and Delta Drone (France) among others.
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