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Commercial Drone Market to Hit USD 8,527.4 Million by 2027;

Pune, India, April 23, 2021 (GLOBE NEWSWIRE) — The global commercial drone market size is expected to gain momentum by reaching USD 8,527.4 million by 2027. This information is published by Fortune Business Insights in its report, titled “Commercial Drone Market, 2020-2027.” The report further observes that the market stood at USD 1,590.0 million in 2019 and is projected to exhibit an exceptional CAGR of 25.07% between 2020 and 2027. This is attributable to the increasing adoption of artificial intelligence technology and the growing utilization of the product across several applications in the forthcoming years. For instance, in April 2021, Sky-Drones Technologies announced the launch of AIRLink, an innovative AI drone avionics solution that incorporates three products in a single unit. The solution consists of an advanced autopilot for fixed-wings, multirotor, and VTOLs. Besides, it is equipped with modern LTE connectivity.

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Source: www.globenewswire.com