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Showing posts with the label Autonomous BVLOS Drone Report

North America at the Forefront of the Autonomous BVLOS Drone Market

The global autonomous BVLOS drone market was valued at $18.87 billion in 2018 and is expected to reach $34.65billion in 2029 at a CAGR 5.94% during the forecast period 2019-2029. The autonomous BVLOS drone market has witnessed various forms of market dynamics across different regions of the globe. Also, the drone manufacturing companies have recently witnessed a rising demand from countries such the U.K., India, Italy, Germany, and others. The following figure represents the global autonomous BVLOS drone market by region. It includes North America, Europe, Asia-Pacific, and Rest-of-the-World. North America dominated the BVLOS drone market. Its total market size was valued at $13.52 billion in 2018 and is projected to reach $23.34 billion by 2029, registering a CAGR of 5.30% during the period 2019-2029. This is due to a large number of military and defense UAVs procurement by the U.S. government. As of now, the U.S. have largest number of military drones. In commer...