Drones Market 2024-2032 Size, Share, Growth, Analysis, Trends and Forecast
IMARC Group's report titled " Drones Market Report by Type (Fixed Wing, Rotary Wing, Hybrid), Component (Hardware, Software, Accessories), Payload (<25 Kilograms, 25-170 Kilograms, >170 Kilograms), Point of Sale (Original Equipment Manufacturers (OEM), Aftermarket), End-Use Industry (Construction, Agriculture, Military and Defense, Law Enforcement, Logistics, Media and Entertainment, and Others), and Region 2024-2032 ". The global drones market size reached US$ 27.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 59.2 Billion by 2032, exhibiting a growth rate (CAGR) of 10.84% during 2024-2032. Factors Affecting the Growth of the Drones Industry: Advancements in Drone Technology: The ongoing technological advancements in drone technology are significantly enhancing their capabilities and broadening their applicability across various sectors. It includes extended battery life, which allows drones to operate longer and cover greater dist...