Commercial Drone Market to Hit 2.44 Million Units by 2023, says Frost & Sullivan
With the surge in demand for commercial drones by the professional segment, unit shipment is estimated to rise at a compound annual growth rate (CAGR) of 4.5%, reaching 2.91 million units by 2023 from 2.44 million units in 2019.
- With the surge in demand for commercial drones by the professional segment, unit shipment is estimated to rise at a compound annual growth rate (CAGR) of 4.5%, reaching 2.91 million units by 2023 from 2.44 million units in 2019.
- By 2023, North America will remain the largest market for commercial UAS with a total of 32.3% unit demand, followed by APAC and Europe at 29.1% and 23.3%, respectively.
- For further information on this analysis, please visit: http://frost.ly/425
"Unit growth is driven by increasing regulatory support for commercial drone use in the APAC region, especially India," said Michael Blades, Aerospace, Defense, and Security Vice President at Frost & Sullivan. - New drone platforms: Drone control software providers will emerge to develop solutions that can easily support these innovative platforms.