According to the latest report by IMARC Group, titled “Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global drones market size reached US$ 20 Billion in 2019.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Over the past decade, the deployment of drones in the military and defense sector has emerged as one of the most significant factors bolstering the growth of the market. These vehicles help survey lands, provide consistent and reliable topographical data, improve safety and avoid hazardous situations. Looking forward, the market is projected to exhibit strong growth during the forecast period (2020-2025). The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the key players.
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