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The UAV market size is forecast to increase by USD 20.40 billion at a CAGR of 9.96% between 2023 and 2028. Unmanned Aerial Vehicles (UAVs), also known as drones, have gained significant traction in various industries, particularly in agriculture, inspection, and tactical applications. The agriculture sector utilizes UAVs for crop monitoring and analysis, while inspection industries leverage them for infrastructure and asset inspections. In the defense sector, UAVs are used for tactical operations and surveillance. Key market growth factors include the increasing defense spending on unmanned technologies and the development of alternate propulsion technologies for UAV Size, Weight, and Power (SWaP) optimization. However, challenges such as bandwidth limitations in UAV communications remain.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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