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UAV Market Expanding with the Widening Applications of UAVs in Commercial Sector

Jan 24, 2018 5:29:38 AM / by BIS Research posted in Commercial UAV Market Share, Global UAV market, Global UAV Market Analysis & Forecast, Global UAV Market Size, Global Unmanned Aerial Vehicles (UAV) Market, Robotics & UAV, 2016-2021, Commercial UAV Market, Global Drone Market, Large UAV Market, UAV Market share, Small UAV Market, UAV Market, uav market forecast, UAV Market size, Unmanned Aerial Vehicles Market, unmanned aerial vehicles market share

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At the inception of Unmanned Aerial Vehicle (UAV) in the 20th century, the UAVs were utilized specifically for military purposes. But with the passing time and advancements in various technologies, the UAVs now serve multiple purposes besides military application. The UAVs have witnessed a significant reduction in size and weight over the last decade, which has consequently reduced the cost of manufacturing. Besides these developments, the battery life has also been enhanced considerably along with the degree of autonomy for these vehicles. As a result of these developments, UAVs now have a wider range of applications in different commercial and non-commercial sectors. According to our recent market intelligence report ‘Global Unmanned Aerial Vehicle (UAV) Market Value and Volume: Analysis and Forecast (2017-2021)', the global UAV market accounted for a market value of $8.02 billion in 2016 with small UAVs holding the highest share.

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