Unmanned Aerial Vehicle (UAV) Market Surpass $70.91 billion by 2030

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Unmanned Aerial Vehicle (UAV) Market
The spread of the COVID-19 pandemic has impacted
the global unmanned aerial vehicles (UAV) market
on a significant extend. The reduction in
aerospace spending had a negative impact on
autonomous aircraft development and deployment
plans, particularly unmanned aerial vehicles
(UAVs). Various countries with the foundations of
a drone-friendly environment, such as U.S., the
UK, China, Germany, and others, were able to
quickly mobilize the technology from the start of
the pandemic. These countries were able to
incorporate unmanned aerial vehicle (UAV) into
the COVID-19 response activities, due to enabling
factors such as favorable regulations, skilled
workforce, presence of vital resources, high
adoption, and others.
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Unmanned Aerial Vehicle (UAV) Market
The global unmanned aerial vehicle market was
valued at 24.72 billion in 2020, and is
projected to reach 70.91 billion by 2030,
registering a CAGR of 11.7. North America was
the highest revenue contributor, accounting for
9.80 billion in 2020, and is estimated to reach
24.22 billion by 2030, with a CAGR of 10.0.
Asia-Pacific is estimated to reach 21.34 billion
by 2030, at a significant CAGR of
15.6. Unmanned aerial vehicle (UAV) is an
aerial transportation medium that operates
without on-board crew or passengers guided by
remote control, autonomously, or both. UAV is the
next generation aircraft technology utilized for
surveillance, assessment, logistics, and
photography among others. Introduction of rules
and regulation pertaining to usage of UAVs by
various countries are directly influence the
demand for unmanned aerial vehicle. Unmanned
aerial vehicle (UAV) also known as drones. 
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Unmanned Aerial Vehicle (UAV) Market

• Key Benefits For Stakeholders
• This study presents analytical depiction of the
  global unmanned aerial vehicle (UAV) market
  analysis along with the current trends and future
  estimations to depict imminent investment
  pockets.
• The overall unmanned aerial vehicle (UAV) market
  opportunity is determined by understanding
  profitable trends to gain a stronger foothold.
• The report presents information related to key
  drivers, restraints, and opportunities of the
  global unmanned aerial vehicle (UAV) market with
  a detailed impact analysis.
• The current unmanned aerial vehicle (UAV) market
  is quantitatively analyzed from 2020 to 2030 to
  benchmark the financial competency.
• Porters five forces analysis illustrates the
  potency of the buyers and suppliers in the
  industry.

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Unmanned Aerial Vehicle (UAV) Market

• Major Companies
• AeroVironment, Inc.
• Airbus S.A.S.
• BAE Systems plc
• DJI
• Elbit Systems Ltd.
• FLIR Systems, Inc.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Textron Inc.
• The Boeing Company

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Unmanned Aerial Vehicle (UAV) Market
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