Infinium Global Research UAV Drones Market Global Industry Analysis, Market | Page 2

This report analyzes and forecasts the market for UAV Drones at the Global and Regional levels. The market
has been estimated based on revenue US$ Mn from 2017 to 2023 and forecasts for the sub-segments have also
been provided in the report. The study includes impact analysis of the drivers and restraints in the Global UAV
Drones Market. It also covers the analysis of the trends in demand for UAV Drones during the forecast period.
Global UAV drones market size is expected to grow at a CAGR between 19% and 20% over the period of 2017
– 2023. UAV (Unmanned Aerial Vehicle) drones are unmanned aircrafts that can be controlled from remote
locations using remote flight controller or can autonomously fly according to the pre-programmed flight plans
as well as with dynamic automation systems. UAV drones can fly up to a day depending upon range of vehicle,
perform tasks that are repetitive, undertake precise scanning of regions even in adverse weather conditions.
UAV drones are manufactured with light composite materials for reducing weight and increasing
maneuverability. UAV drones are utilized for missions that are very dangerous for humans. UAV drones are
extensively used for military operations and commercial applications. For military, UAV drones are cheaper
alternative for costly aircrafts for aerial surveillance, border patrolling, spying, and flights through no-fly zones
for secret missions.
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Market Insights
Military applications dominate the UAV drones market with huge share, as more countries are deploying drones
for border security, surveillance, combat operations and many other tasks. Commercial applications are
anticipated to flourish, as many countries are formulating regulations for drones, which could open up more
sectors for drones, during the forecast period 2017-2023. Due to the increase in use of drones for aerial
photography, filming and broadcasting, the media & entertainment segment in commercial applications drive
the growth of the global UAV drones market. Precision agriculture segment is growing rapidly, as the demand
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