UAV Market’s Impressive Growth: 7.9% CAGR Driving it to $38.3 Billion by 2027
The UAV Market is poised for significant growth, with projections indicating an increase from USD 26.2 billion in 2022 to USD 38.3 billion by 2027, boasting a Compound Annual Growth Rate (CAGR) of 7.9%. This substantial expansion is primarily attributed to the surging adoption of Unmanned Aerial Systems (UAS) in commercial applications and heightened procurement of UAVs by military forces...
UAV Market Expected to Achieve USD 38.3 Billion by 2027
Unmanned Aerial Vehicles (UAVs), commonly known as drones, have experienced significant growth and adoption across various industries in recent years. The Global UAV Market is projected to witness substantial expansion, with a predicted increase from USD 26.2 billion in 2022 to USD 38.3 billion by 2027, at a compound annual growth rate (CAGR) of 7.9%. This growth can be attributed to the...