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Kathleen Martin

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According to IMARC Group’s latest report, titled “Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global drones market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 17% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Drones, or unmanned aerial vehicles (UAV), are unpiloted aircraft generally used for defense and military purposes. They can be flown for longer distances, rely on sensors and LIDAR detectors, without the need for a pilot to navigate it. Nowadays, drones are also used for recreational purposes and in the business community due to the enhanced safety and efficiency levels. They find application in monitoring, surveying, mapping, precision agriculture, aerial remote sensing, and product delivery.
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Market Trends:
The global drone market is primarily driven by rising demand for small military drones among the defense forces, coupled with the increasing use of drones in commercial applications. They are also utilized in agricultural activities, including livestock monitoring, irrigation management, and fertilization. Furthermore, extensive global investments and regulatory changes are increasing the revenue and profit opportunities for drone manufacturers, solution providers, operators, and distributors, which is positively influencing the growth of the market.
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Find more here: https://midwestxpositor.news/uncategorized/34153/drones-market-is-expected-to-grow-at-a-cagr-of-around-17-during-2021-2026/
 

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