A new report from Research and Markets  predicts the global market for civilian drones to experience a compound annual growth rate of 28 percent over the next four years. Demand for civilian unmanned aerial systems for use in crop surveillance operations will drive market growth, the firm said Tuesday. Risks of accidents posed by such drones to […] More

A Grand View Research report predicts the use of unmanned aerial vehicles for law enforcement and agricultural activities will put the commercial UAV industry on track to hit $2.07 billion in value by 2022. The research firm said Thursday it found that drone applications in the government sector accounted for more than 40 percent of […] More

A new Radiant Insights report predicts the worldwide market for commercial unmanned aircraft systems to be worth $4.8 billion by 2021, a compound annual growth rate of 21.5 percent from 2014 figures. The market research firm said Friday demand for UAS’ navigation and visualization functions will drive growth in the commercial drone market over the next six years. The […] More

A MarketsandMarkets report projects that unmanned aerial vehicles for commercial use will grow from a $15.22 million business in 2014 to a $1.27 billion market by 2020. The compound annual growth rate for the commercial UAV industry is projected to reach 109.31 percent over the next six years, MarketsandMarkets said Wednesday. The research firm also […] More

A new RnR Market Research report has predicted the unmanned aerial systems market’s value to increase almost seven-fold over the next six years to $4.8 billion by 2021. RnR Market Research said Monday that oil and gas mapping, utility line inspection, package delivery and agricultural applications would account for the majority of sales. The report […] More

A new Research and Markets report predicts the worldwide market for multirotor drones will hit $2.28 billion by 2020 at a compound annual growth rate of 22.2 percent. The report noted that the capability of drones to carry out missions in extreme conditions is one of the factors that drive market growth, the market research […] More

A new ASDReports study projects the commercial unmanned aerial vehicle market to reach $1.27 billion by 2020 from $15.22 million in 2014, up 109.31 percent year over year during the forecast period. The report indicates that an increase in demand for law enforcement applications contributes a major portion to the market’s growth, ASDReports said Feb. […] More

Transparency Market Research has released a new report that projects the global man-portable military electronics market to hit $19.7 billion in total value by 2019. The report also predicts the Asia-Pacific region will see “significant growth” in the man-portable military electronics market over the coming months as governments in the region push forward on military modernization […] More

Business information provider Visiongain has unveiled its list of top 20 unmanned aerial vehicles and systems manufacturers in the world. The report predicts the specialties companies will choose in the field and how new players will try to stake a claim on a market that could undergo key structural changes amid an emergent commercial UAVs segment, Visiongain said Monday. “Although increasingly competitive, the […] More

The small unmanned aerial vehicle market is projected to grow by the end of 2019 at a 22 percent compound annual growth rate to a total market value of $582.2 million, according to a recent MarketsandMarkets report. The six-year global forecast on the small and man-portable UAV market classifies the technology based on trends, propulsion, payload, application, region […] More