Growing demand for drone-generated data in commercial applications

It is exciting to observe that, growing demand for drone-generated data in commercial applications, enhanced capabilities of UAVs to fight terrorism and increasing demand from commercial applications and rapid technological advancements helps to drive the market of UAV Drone, globally. 

With Key Players including DJI, BAE Systems & Thales Sa, the market has generated the revenue $ 5.97 Billion in 2016 and is anticipated to reach up to $21.23 Billion by 2022, according to Research and Markets.

Military Drone

I can also observe that, Geographically, the market for UAV Drones is segmented in to North America, Asia pacific, Europe and rest of the world. The North America holds the largest market share of the Unmanned Aerial Vehicles. 

In effect, the U.S. holds nearly 65.53% of the global UAV Drone market, in 2015. Israel, China, India are some countries which are contributing to the high demand for UAVs which become the major driver for the Asia pacific region.

Countries such as Germany, Russia and the U.K. are proving to be the emerging markets in the Unmanned Aerial Vehicles Drone.