Originally developed for the military and aerospace industries, drones have found their way into the mainstream because of the enhanced levels of safety and efficiency they bring. According to Fact.MR- a market research and competitive intelligence provider- demand for drones flourished at a compound annual growth rate (CAGR) of 23.5% from 2017 to 2021. The global drones market is anticipated to reach US$ 30 Bn by the end of 2022, anticipated to experience an impressive 25% CAGR from 2022-2032 to reach US$ 279 Bn by the end of the forecast period.
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