Commercial Purpose Drone Market CAGR Growth of 57% by 2020
February 16, 2016 | PRNewswireEstimated reading time: Less than a minute
Research and Markets has announced the addition of the "Global Commercial Purpose Drone Market 2016-2020" report to their offering.
This comprehensive report predicts the global commercial-purpose drones market to grow with a CAGR of 57% during the 2016-2020 period.
Commenting on the report, an analyst from the research team said: With advances in drone technology and the chances of relaxing laws related to drones, advertising agencies worldwide have started experimenting with the possibilities of drone advertising. They are developing drones that can fly billboards and drop promotional articles such as t-shirts. US-based Dronecast is one such advertising agency that specialize in drone advertising.
According to the report, commercial drones are expected to be widely adopted in the agriculture sector during the forecast period, as these allow for better crop monitoring, leading to higher yields.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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