Unmanned Aerial Vehicle Market is Anticipated to Witness High Growth Owing to Increased Applications in Commercial and Agricultural Sectors
Unmanned Aerial Vehicle Market Unmanned Aerial Vehicles (UAVs), also known as drones, are aircraft without pilots on board and can be either remotely controlled or fly autonomously based on pre-programmed flight plans or more complex dynamic automation systems. They are rapidly finding applications across several commercial and civil sectors including agriculture, insurance, filmmaking, real estate, utilities inspection and more owing to their ability to provide affordable aerial imaging and analytics capabilities. Key advantages of UAVs include high-resolution imaging, reduced operational costs compared to manned aircraft, easy deployment and flexibility. Their employment enables precise analysis of crops and farm infrastructure without disturbing agricultural operations. The growing need for aerial monitoring, mapping and intelligence across various industries is propelling the adoption of UAV technologies. The Global Unmanned Aerial Vehicle Market is estimated to be valued at US$