The global commercial drone market size was valued at USD 6.51 billion in 2021. The market is projected to grow from USD 8.15 billion in 2022 to USD 47.38 billion by 2029, exhibiting a CAGR of 28.58% during the forecast period.
Drivers and Restraints:
Increasing Demand for Small Drones in Commercial Applications to Propel Market Growth
Growing adoption of small unmanned aerial vehicles used for various commercial applications, such as aerial photography, film making, precision, agriculture, law & enforcement, wildlife monitoring, entertainment, disaster management, relief & rescue operation, research & development, logistics & transportation, and construction, is expected to fuel the market growth.
The challenges faced by the drone industry are lack of infrastructure for air traffic control, which is responsible for safe flight operations in controlled airspaces.
Browse Summary
https://www.fortunebusinessinsights.com/commercial-drone-market-102171
