Home › News Updates › Profit Confidential mentions MarketsandMarkets in an article on AVAV Stock in the era of Drones
MarketsandMarkets was recently cited by Profit Confidential as a major source for market scenario in the global UAV drones market.
The Unmanned Aerial Vehicles (UAV) or drones are being used in the military sector since many years now, and are making a mark in commercial applications as well. Moreover, personal drones are fast gaining popularity, mainly for drone-based high-definition photography and video recordings. The global unmanned aerial vehicle (UAV) drones market is expected to reach a value of USD 48.88 billion by 2023, growing at a high CAGR of 18.32% between 2017 and 2023, mainly driven by the rapid technological advancements in drones, increasing demand for drone-generated data in commercial applications, and increase in venture funding.
For More Details:
Report mentioned in the above news is,
UAV Drones Market by Type (Fixed Wing, VTOL, STUAS, MALE, HALE), Payload (Up to 150 and 600 kg), Component (Camera, Sensor), Application (Media & Entertainment, Precision Agriculture), and Geography - Global Forecast to 2023.
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