“Commercial Drone Market Set to Soar: Predicted $167 Billion by 2028 with Key Players AeroVironment, SZ DJI Technology, PrecisionHawk and Autel Robotics”

The global commercial drone market is expected to reach $167 billion by 2028, with a market growth of 34.5% CAGR during the forecast period. Drones are uncrewed aircraft that can perform various tasks autonomously, from military operations to commercial purposes. They come in different sizes and can be controlled remotely or through smartphones. Drones are used for recording and responding to emergencies, scanning properties, providing project notifications, improving safety, and preventing dangerous incidents on construction sites. They are also used in search and rescue operations and in locating elevated infrastructure in hazardous and inaccessible locations. However, security and privacy issues may hinder the market growth of commercial drones.