Urology Surgical Market: Industry Research Report 2018-2025 Unmanned Aerial Vehicle (UAV) Market Size & Share | Page 2

Unmanned Aerial Vehicle (UAV) Market Publication Month: Feb 2018| No. of Pages: 156 | Report Code: TIPTE100000795| Category: Aerospace and Defense Global Unmanned Aerial Vehicle (UAV) Market is expected to grow from US$ 11.45 billion in 2016 to US$ 51.85 billion by 2025 at a CAGR of 18.4% between 2017 and 2025. The Unmanned Aerial Vehicle (UAV) Market is at its infancy stage in the developing countries and is highly adopted technology in several developed countries. The market is further expected to flourish with change in government regulations for UAV related technologies across the globe. One of the key factor propelling the market growth for UAVs is its increasing adoption for commercial use by the end-user industries. As per the statistics revealed by FAA, the sale for commercial and hobbyists UAVs are expected to rise from 2.5 Mn in 2016 to 7 Mn in 2020. Moreover, the changing federal regulations are further anticipated to stimulate the growth for commercial UAVs. For instance, the US government recently introduced a program for intensifying testing of UAVs to accelerate the adoption of UAVs in the commercial sector. E-Mail : [email protected]