Commercial Drone Market was worth USD 27.5 billion in 2021 and projected to reach USD 56 billion

Gmi Research17 Mar, 2023Business

Commercial Drone Market size was estimated at USD 27.5 billion in 2021 and is expected to touch USD 56 billion by 2029, expanding at a CAGR of 9.3% over the forecast period 2022-2029. Major factors driving commercial drone market are growing demand for small drones in commercial applications, developments in remote sensing technologies and fall in the prices of manufacturing drones. Unmanned Ariel Vehicles (UAVs) or drones are widely used in commercial sectors owing to its capability to perform hazardous tasks like inspecting utility pipelines with high efficiency.