The globalcommercial drone market sizewas valued atUSD 6.51 billionin 2021. The market is projected to grow fromUSD 8.15 billionin 2022 to USD 47.38 billionby 2029, exhibiting a CAGR of28.58%during the forecast period.
Drivers and Restraints:
Increasing Demand for Small Drones in Commercial Applications to Propel Market Growth
Growing adoption of small unmanned aerial vehicles used for various commercial applications, such as aerial photography, film making, precision, agriculture, law enforcement, wildlife monitoring, entertainment, disaster management, relief rescue operation, research development, logistics transportation, and construction, is expected to fuel the market growth.
The challenges faced by the drone industry are lack of infrastructure for air traffic control, which is responsible for safe flight operations in controlled airspaces.
Browse Summary
https://www.fortunebusinessinsights.com/commercial-drone-market-102171
