BIS Research Study Projects the Earth Observation Drones Market to Reach $18.21 Billion by 2032
FREMONT, Calif., July 19, 2022 /PRNewswire/ — The premium market intelligence study by BIS Research titled Earth Observation Drones Market – A Global and Regional Analysis projects the market to reach $18.21 billion in terms of revenue by 2032, at a CAGR of 6.88%.
In order to serve a wide range of applications, the Earth observation drones are equipped with various types of payloads such as cameras, electrical systems and subsystems, and sensors such as accelerometer, light detection and ranging (LiDAR) hyperspectral, multispectral, infrared, electro-optical, along with Red Green Blue (RGB) and ground-penetrating radars.
Contemporary drones are also equipped with artificial intelligence (AI) and machine learning technology to automate drone operations, making drones safe to fly over any environmentally challenging terrane.
This study covers over 100 commercial Earth observation drone manufacturers across the globe, around 30 of which are start-ups and emerging players….