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Kathleen Martin
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The autonomous BVLOS drones market is gaining traction, as the applications of these autonomous BVLOS drones are increasing, in tandem with the increasing need for enhancing efficiency and industrial productivity. Currently, the military segment has the largest market share in the autonomous BVLOS drones market. Autonomous drones are being used for various purposes in the military, like aerial warfare and ISR applications. The revenues have been higher from the military segment, as militaries mostly use large UAVs with higher unit prices. In addition to the existing models of autonomous BVLOS drones, new drones are also being produced. The use of autonomous BVLOS drones was mainly limited to the military in the past. However, presently, these drones are being vigorously adopted for commercial purposes, for aerial mapping, surveying, and inspection purposes over long distances. In addition, the increasing demand for last-mile drone delivery is boosting the autonomous BVLOS drones market in the civil and commercial sector, which is expected to propel the segment to register a higher CAGR during the forecast period. According to report from ResearchAndMarkets The autonomous BVLOS drones market is projected to register a CAGR of more than 15% through 2025. Active stocks in the markets this week include Plymouth Rock Technologies Inc. (OTCQB: PLRTF) (CSE: PRT), Ambarella, Inc. (NASDAQ: AMBA), Raytheon Technologies (NYSE: RTX), General Dynamics (NYSE: GD), L3Harris Technologies (NYSE: LHX).
The report also said that "North America will Continue to Dominate the Autonomous BVLOS Drones Market through 2025. In 2019, North America held the largest market share in the autonomous BVLOS drones market. The demand from the United States has been the prime reason for the large share of the market. In the United States, autonomous BVLOS drones are being used for many applications. While most of the demand is from the military, progress is being made toward integrating small drones into the airspace and obtaining the necessary regulatory approval of BVLOS flights from the FAA.
Continue reading: https://www.prnewswire.com/news-releases/north-america-continues-to-dominate-the-autonomous-bvlos-drones-market-301381099.html
The report also said that "North America will Continue to Dominate the Autonomous BVLOS Drones Market through 2025. In 2019, North America held the largest market share in the autonomous BVLOS drones market. The demand from the United States has been the prime reason for the large share of the market. In the United States, autonomous BVLOS drones are being used for many applications. While most of the demand is from the military, progress is being made toward integrating small drones into the airspace and obtaining the necessary regulatory approval of BVLOS flights from the FAA.
Continue reading: https://www.prnewswire.com/news-releases/north-america-continues-to-dominate-the-autonomous-bvlos-drones-market-301381099.html
