North America leads the $20 Billion Drone Market in 2018

By March 29, 2018Drones

A new drone market research report by Research and Markets makes the largest and boldest prediction yet for the drone industry, which the report predicts will exceed $50 billion in the next 7 years.  This report estimates Compound Annual Growth Rate  of 14.15% from 2018 to 2025.  “… increasing use of UAVs in commercial and military applications is one of the most significant factors projected to drive the growth of the UAV market,”North America is expected to  lead the market this year, largely due to increased defence expenditures of the US and Canada and the presence of major UAV manufacturers in North America.  The European and Latin American regions are expected to be the new revenue-generating markets for unmanned aerial vehicles,” says the report.