Global commercial drones market is expected to grow at an exponentially high CAGR of 41% for the forecasted period of 2016-2021. Drones also known as unmanned aerial vehicles are mainly used for military purposes. However, relaxation in regulations by various governments around the globe has given the commercialization of drones a major boost. The drones are being used for varied purposes for surveying forest and oil fields to agricultural purposes. Drones are used in entertainment industry for using varied camera angles; especially in sports and live events. Drones are also being used for e commerce and cargo deliveries. Drones are also being used by law enforcement agencies.
Regionally North America has the highest market growth and share. Europe and Asia Pacific are also growing at a healthy rate.