PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1368762
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1368762
According to SPER Market Research, 'Drone Flight Management System Market Size- By Component- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Drone Flight Management System Market is predicted to reach USD 28.27 billion by 2033 with a CAGR of 30.21%.
A rise in the legal acceptance of drone operations for commercial purposes is one of the key factors driving the market growth for drone flight management systems. Legal permissions govern the use of drones. There are rules in place for using drones for commercial purposes. Given the growing number of uses for drones, governmental organisations are likely to legalise commercial drone activity. Manufacturers are focusing more and more on producing advanced drone technologies in response to the growing demand from customers and different businesses.
The COVID-19 has had a significant impact. A future fall in demand for drones from end-user industries like construction, mining, etc. is projected as a result of the ongoing global economic recession. On the other hand, because of their wide range of potential uses, drone demand has seen a quick increase. The major firms have not been affected to the same an extent as other organisations due to the pandemic's wider supply chain disruption due to the existing laws and restrictions.