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The USD 501.4 billion global commercial drone market is anticipated to register a CAGR of 57.5% from 2021 to 2028.
The rising demand for commercial drones can be attributed to the growing application base across a wide range of end-use verticals, including real estate and construction, media and entertainment, and agriculture.
Majority of the end-use verticals that involve a high proportion of operational processes are expected to experience substantial productivity gains from drone usage owing to the automation of business operations.
UAVs or drones are reinventing old businesses and even creating new prospects. In 2016, the Federal Aviation Administration (FAA) released regulations related to the usage of commercial drones that clarified the legal landscape for businesses and workers. Since then, the industrial applications of commercial drones have significantly increased. Drones are expected to emerge
Agricultural Drones Market Forecast to Reach $5.89 Billion by 2026 Perceptibly, Low-wages and Education Will Further Reduce the Employment of Labourers in the Agricultural Sector Which Will Drive the Agricultural Drones Market.
Agricultural Drones Marke
BriefingWire.com, 4/21/2021 - The market for Agricultural Drones is forecast to reach $5.89 billion by 2026, growing at a CAGR of 29.75% from 2021 to 2026. An agricultural drone or unmanned aerial vehicle (UAV), unlike commercial drones, is applied in crop production for digital imaging, multispectral images, and near-infrared view of crops. Owing to their benefits in the agriculture sector, these drones find a gamut of applications for crop analysis, field mapping, and agricultural photography. The advanced implementation of technology has reflected in the agricultural sector. Drones have successfully penetrated the cultivation culture of North American countries such as the U