Global Drones Market Research Report – Forecast to 2028

Published - Sep 2018 | Category - Aerospace and Defense | No. of Pages - 169 | Published By - Market Research Future

The global drones market is estimated to witness 20.18% CAGR during the forecast period, 2018-2028. In 2018, the market was led by North America with 36.02% share, followed by Europe and Asia-Pacific with shares of 22.46% and 20.61%, respectively. Asia-Pacific is the fastest growing region for drones market. North America dominates the global market and is likely to grow remarkably in the front. The region leads the global market in terms of expenditure and technological advancements and has a large number of deployments of drones.

Moreover, the US generates very high demand for drones used for surveillance purposes. Although Canada made some considerable investments in the development of drones, the market is primarily dominated by the US, which is also the largest manufacturer of unmanned systems, globally. In addition, the sheer existence of key companies, such as AeroVironment, Inc., PrecisionHawk, and Uber Technologies Inc., combined with the availability of sophisticated technologies to deliver innovative solutions, enables this region to be a promising market.


 

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