Commercial Drones Market: Market Development, Overview and Forecast upto 2017 - 2025
According to TMR, the commercial drones market was valued at US$2.8 bn in 2016 and expected to expand with a CAGR of 13.8% over the forecast period from 2017 to 2025 to attain value of US$8.8 bn by the end of 2025. Based on the type, commercial drones market dominated by the multi-rotor segment with accounted the 25% of the overall shares in 2016. Based on application, the commercial drones market dominated by aerial photography segment by accounting 25% shares in 2016. Based on region, North America dominated the global commercial drones market in the same year by accounting 35% of the share in overall market. This growth is attributable to increasing uptake of commercial drones for agriculture in the US. Widening Applications of Drones to Propel Growth Growing penetration of aerial services and increased demand for drones from numerous applications are driving growth of the global commercial drones market. Request For Covid19 Impact Analysis Across In...