Market Size of Asia-Pacific Drones Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 14.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Asia Pacific Drones Market Analysis
The Asia-Pacific drones market is projected to register a CAGR of over 14% during the forecast period.
- The integration of sophisticated sensors and other payload subsystems onboard a modern drone resulted in augmenting the application profile of drones, rendering them capable of operating in emerging sectors, such as firefighting, mining, and infrastructure monitoring.
- However, the lack of regulations and restrictions on the beyond-line-of-sight (BLOS) flight of drones in several Asia-Pacific countries have restrained the growth of the market. Other factors, like security and safety concerns and scarcity of trained pilots, are also anticipated to challenge the growth of the Asia-Pacific drones market to a certain extent.
