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Global UAV market to grow at 12.7% CAGR by 2021: Report

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Research and Markets announces the addition of the “Global Unmanned Aerial Vehicle (UAV) Market 2017-2021″ report. The report predicts the global UAV market to grow at a CAGR of 12.7% by 2021.

US: Market research firm Research and Markets has announced the addition of the “Global Unmanned Aerial Vehicle (UAV) Market 2017-2021″ report to their offering. According to the report, the global UAV market is expected to grow at a CAGR of 12.7% during the period 2017-2021.

The report, Global UAV Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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According to the report, the threats to operating low-density high-demand UAVs are increasingly rising owing to the exponential technological growth, coupled with the proliferation of surface-to-air missiles. Employing such UAVs may reduce the flexibility and capability of commanding officers addressing a combat situation, unless these high-value UAVs are supported by small and miniaturized UAVs.