Market Analysis Report Unmanned Aerial Vehicles (UAV) Market | Page 2

Your Catalyst to a Lucrative Business 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. Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/technology- industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - https://www.hexaresearch.com Follow Us: