Continuous Introduction Of Technology Is Enabling Small Drones To Increase Their Potential Shaping The Sales Curve, States Fact.MR

Drones are Widely Perceived as Gadgets of Utility, thereby fueling the Small Drone Market Growth

/EIN News/ — Rockville, Dec. 14, 2022 (GLOBE NEWSWIRE) — As per the latest industry analysis published by Fact.MR, the global small drone market is estimated to exceed US$ 5,193.5 million by the end of 2023, by growing at an impressive CAGR of 16.3% over the assessment period of 2023-2033.

Advancements in processing, sensor, and battery technology in the past few years have made the Unmanned Aerial System (UAS) smaller and more affordable. In particular, the readily available low-power, lightweight, low-cost sensor, based on micro-electromechanical system technology, fueled the development of UAS autopilot for military and civilian, academic research and leisure use.

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Small Unmanned Aerial Systems (UAS) have become the mainstay of modern…