Commercial Drones Market Projected to Reach $3.5 Billion by 2024

A new drone study from Esticast Research & Consulting Market Research has these key insights:

The European market is expected to have the fastest growth with a CAGR of 18.7% over the forecast period. Europe generated the revenue of $285 million in 2016.
Government sector holds almost half of the commercial drone market in the current scenario.
Agriculture segment is expected to witness the highest growth with a CAGR of 19.6% over the forecast period (2017-2024).
Among types of propulsion, rotary wing holds more than 50% of the total commercial drone market.
In Europe, U.K. holds the highest share of drone market, however, the highest growth is expected to be witnessed by France, with a CAGR of 19.0% over the forecast period.
The Rotary Blade Drone segment is expected to witness the highest growth with the CAGR of 18.7% over the forecast period.

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