The Rising Unmanned
Aerial Vehicle Market is driven by Increasing Demand for Commercial and
Industrial Operations

The global UAV market is estimated to be valued
at US$ 40813.79 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the
forecast period 2024 to 2031.



Key Takeaways

Key players operating in the Unmanned Aerial Vehicle market are Guangdong
Guanhao High-Tech, Hansol Paper Co., Ltd., Sappi Group, Neenah Coldenhove,
Ahlstrom-Munksj, The Felix Schoeller Group, Beaver Paper & Graphic Media
Inc., Jiangyin Allnice Digital Technology, Seiko Epson Corporation, B.N Papeis.
The companies are actively working towards expanding their product portfolios
and capabilities through acquisitions, collaborations, and development of
technologically advanced UAVs suitable for various applications.



The Unmanned
Aerial Vehicle Market Growth across industries like agriculture,
infrastructure surveillance, public safety, oil & gas is expected to fuel
the market growth during the forecast period. Their ability to access hazardous
areas and capture real-time data and imagery securely and efficiently is
accelerating their adoption.



The liberalization of regulations for commercial use of UAVs in different parts
of the world is supporting the growth of the global Unmanned Aerial Vehicle
market. Growing investments by various governments and major players to develop
advanced capabilities are enabling global expansion of the UAV market.

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