Can Drones Market See USD 146.25 Billion Size by 2024 (or More) ?

Growing technological advancements, as well as a growing awareness about unmanned aerial vehicles, will generate significant demand over the forecasted period. Also, growing applications in the agriculture and defense-related applications will show significant business growth over the forecasted period. Drones are referred to an aircraft with or without a human pilot which operates through onboard computers or remote control. Increasing practice by armed forces as loitering munition, patrolling of naval borders, rising inclination towards modern warfare technologies in key countries and exemptions given by various governing bodies such as Federal Aviation Administration (FAA), European Aviation Safety Agency (ESSA) and others, to permit the use of UAVs in numerous industries are expected to propelling the global drones market. According to Market Analyst at AMA, the Global Drones market may see a growth rate of 10.38% and would reach the market size of USD146.25 Billion by 2024.