UNMANNED AERIAL VEHICLE DRONES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Unmanned Aerial Vehicle Drones Market, By Type (Premium Ultra-Mobile Devices , Basic Ultra-Mobile Devices , Utility Ultra-Mobile Devices), By End User (Enterprises and Businesses , Educational Institutions , Government and Public Sector, Individual Consumers), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024
Code : CMI6719
Pages :164
Formats :
Excel and PDF
Industry : Aerospace and Defense

Market Concentration and Competitive Landscape

Unmanned Aerial Vehicle Drones Market Concentration By Players

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Adoption of Commercial Drones

Active commercial drone programs implemented by many national aviation regulators around the world is opening up wide scope for deployment of drones across different industry verticals. Countries like U.S., Canada, China, India, and France have notified clear regulatory frameworks and guidelines for BVLOS (Beyond Visual Line of Sight) operations, night flights, flights over people for specific use cases. This provides legal certainty and lowers compliance risks for companies looking to integrate drones in their workflow. Several industries have been granted special approvals for experimental flights to prove drone capabilities. Successful trials are demonstrating the techno-commercial viability and leading to permanent permits. The commercial applications are also driving new vertical take-off and landing (VTOL) drone designs suited for specific tasks.

For instance, according to the Federal Aviation Administration (FAA), as of December 2023, 369,528 commercial drones were registered in the U.S.

Key Players Insights