How DRONE industry grown

 The drone industry has seen significant growth in recent years. According to industry analysis reports, the global market for drone technologies is expected to reach $43.1 billion by 2024, up from $14.1 billion in 2018, representing a compound annual growth rate of 20.5%.[\[1\]](https://connect.comptia.org/content/research/drone-industry-trends-analysis) In addition, the drone services market size is expected to grow to $63.6 billion by 2025.[\[2\]](https://www.insiderintelligence.com/insights/drone-industry-analysis-market-trends-growth-forecasts/) The big picture is that the drone market size is expected to grow to 42.8 billion USD by 2025 with a CAGR of 13.8%.[\[3\]](https://droneii.com/the-drone-market-size-2020-2025-5-key-takeaways) Furthermore, the global commercial drone market size was estimated at USD 29.86 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 38.6% from 2023 to 2030.[\[4\]](https://www.grandviewresearch.com/industry-analysis/global-commercial-drones-market) These growth figures highlight the increasing demand for drone technologies across various industries and applications.


#### Sources:


1. <https://connect.comptia.org/content/research/drone-industry-trends-analysis>

2. <https://www.insiderintelligence.com/insights/drone-industry-analysis-market-trends-growth-forecasts/>

3. <https://droneii.com/the-drone-market-size-2020-2025-5-key-takeaways>

4. <https://www.grandviewresearch.com/industry-analysis/global-commercial-drones-market>


Comments

Post a Comment

Popular posts from this blog

Elon Musk’s SpaceX Starship rocket blows up minutes after launch

Image
  Elon Musk’s SpaceX Starship rocket blows up minutes after launch    The largest and most powerful rocket ever built has blasted off from Texas but blew up within minutes in a test flight that its makers, SpaceX, hope will be the first step on a human journey to Mars. After a cancelled launch earlier this week because of a pressurisation issue, the 120-metre Starship rocket system took off at 8.33am local time (2.33pm in the UK) on Thursday. It gathered speed, but then started to spin at altitude before exploding about four minutes after leaving the ground. It appeared that the two sections of the rocket system – the booster and cruise vessel – were unable to separate properly after takeoff, possibly causing the spacecraft to fail. It was not immediately clear whether the rocket exploded spontaneously or if the Flight Termination System was activated – a failsafe that destroys the spacecraft to prevent it from veering too far off course. SpaceX had previously cautioned t...
Read more