UAV Market Poised for Robust 14.5% CAGR Growth to $106 Billion by 2032 Driven by Emerging Civil Uses Despite Regulatory Hurdles
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Global Unmanned Aerial Vehicle (UAV) market valued at USD 106.49 billion in 2032, with 14.5% CAGR over forecast period.
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Key growth drivers are emerging applications like UAM, drone delivery, agriculture monitoring. Military remains major end user.
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North America currently leads market share, but Europe expected to see fastest growth due to civil applications.
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Technological advancements like longer flight times and better autonomy propelling market expansion.
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Challenges include illicit drone use and regulatory constraints, though regulations also evolving.