Global unmanned aerial vehicles to reach $72,320 Million by 2028 with 14.4% CAGR

Due to the COVID-19 pandemic, the global Unmanned Aerial Vehicle market size is estimated to be worth $32,350 million in 2022 and is forecast to be a readjusted size of $72, 320 million by 2028 with a CAGR of 14.4% during the review period.

Major factors driving the growth of Unmanned Aerial Vehicle Market:

The Unmanned Aerial Vehicle market is expanding as a result of factors including the increased use of UAVs in commercial and civil applications, increased use of UAVs for border patrol and counterterrorism operations, and exemptions granted by regulatory bodies around the world to allow the use of UAVs in a variety of industries. Additionally, expanding defense budgets in key countries and greater use of UAVs for aerial remote sensing offer numerous prospects for the various market participants for unmanned aerial vehicles.

The Global UAV Market is Segmented by Type Small UAV, Tactical UAV, Special Purpose UAV, Strategic UAV, by Application Military Application, Civil & Commercial, Homeland Security: Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Military Category.