October 14, 2020
US commercial drones market to Witness a Massive Growth | CAGR of 14.6% from 2020 to 2027
The U.S commercial drones market was valued at $824.0 million in 2019, and is projected to reach $2,333.82 million by 2027, registering a CAGR of 14.6% from 2020 to 2027.
Aircrafts that have the capability to fly autonomously with the help of an embedded program or which can be remotely operated from ground by a pilot are called as drones. Commercial drones are unmanned aerial aircrafts that are designed for commercial applications such as risk mitigation, resource planning, research & excavation, urban planning, engineering, farming management, tourism, aerial imaging, LiDAR applications, cargo management, weather monitoring, traffic control, green mapping, and others.