Home › News Updates › UAS Magazine publishes MnM’s Research on Unmanned Aerial Vehicle (UAV) Market

UAS Magazine recently published an article on unmanned aerial vehicle (UAV) market by MnM, explaining its importance and future market scenario.

UAV or drones that have been in use in military for many years now, have now taken over the commercial applications as well. The Unmanned Aerial Vehicle (UAV) market is projected to reach a value of USD 28.27 Billion by 2022, growing at a CAGR of 13.51% during the forecast period 2017-2022. Growing demand for UAVs for commercial applications, technological advancements in drone payloads, and increasing defense budgets of emerging economies are the major factors driving this market towards good growth ahead.

For More Details:

http://www.uasmagazine.com/articles/1793/military-security-applications-to-dominate-uav-markets

Report mentioned in the above news is,

Unmanned Aerial Vehicle (UAV) Market , by Application, Class (Mini, Micro, Nano, Tactical, MALE, HALE, UCAV), SubSystem (GCS, Data Link, Software), Energy Source, Material Type, Payload and Region - Global Forecast to 2022

Press Release:

https://www.marketsandmarkets.com/PressReleases/commercial-drones.asp

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