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market. UAV are used for monitoring livestock, crops, water levels, and crop spraying. These devices
provide a 3D field image that is used for planning best practices for cultivation.
On the other hand, strict government regulations can limit the growth of the market. Ethical concerns
pertaining to the usage of unmanned aerial vehicles are poised to hamper growth prospects.
Nevertheless, several governments are trying to encourage the use of these devices for well-being and
therefore, supporting research activities and organizing drone-making competitions that will augment
the global UAV market over the coming years.
Some of the common types of unmanned aerial vehicle are fixed-wing, single rotor, multirotor, and
hybrid vertical take-off and landing (VTOL). In terms of range, these devices can be classified into
beyond line of sight (BLOS), visual line of sight (VLOS), and extended visual line of sight (EVLOS).
Drones with visual line of sight are used in commercial purposes.
North America is projected to hold a prominent position in the global arena during the forecast period.
Sizeable military budget in the U.S. coupled with early adoption of drones in military and defence
applications have been contributing to the growth of the market in this region. Europe is also estimated
to be a significant revenue contributor in the market owing to increasing use of drones in farming
practices.
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