Market Size of North America Drones Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 12.00 % |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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North America Drones Market Analysis
The North America Drones Market is expected to exhibit a growth rate of more than 12% during the forecast period 2022-2027.
For several years, the drone market was in the nascent phase, facing a lack of adoption in the commercial sector. Although they were initially viewed as military devices, drones have established a significant presence in the commercial sector over the past five years. The demand for drones continued to remain strong even during the COVID-19 pandemic.
Over the years, with several grants from the FAA, the demand for drones has emerged from various industries, like infrastructure, agriculture, transport, entertainment, security, and insurance. Hence, enterprise drones are expected to register higher growth during the forecast period, as compared to consumer drones.
Advancements in drone technologies have allowed manufacturers to produce a wide range of models in different sizes, weights, and shapes, which can carry different sensor payloads, making them favorable across a broad application base.
Factors such as security and safety concerns and scarcity of trained pilots are anticipated to hamper the growth of the drones market to a certain extent.
