North American Market Forecast
North America industry is poised to account for largest revenue share of 41% by 2037. The growth of the market can be attributed majorly to the rising manufacturing of drones in the region. The manufacturing of commercial drones and services related to it is expected to increase from around USD 8 billion to USD 20 Billion by 2026 in the United States. This will increase the manufacturing of drones for inspection purposes and will also increase the accessibility to the public.
APAC Market Statistics
The Asia Pacific inspection drones market is estimated to be the second largest, registering a share of about 22% by the end of 2037. The growth of the market can be attributed majorly to rising research on the use of drones in the agriculture sector. For instance, The Indian Council of Agricultural Research (ICAR) launched an initiative program in September 2021 to conduct research on the implementation of drones and artificial intelligence (AI) for rapid tracking of crop development, health, and management with improved input use efficiency.
Author Credits: Abhishek Verma
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