WHAT IS IT?
The worldwide market for unmanned aerial vehicles (UAVs) will grow from $26.2 billion in 2022 to $38.3 billion by 2027 for a compound annual growth rate (CAGR) of 7.9%, a new report predicts.
UAVs powered by AI uses machine learning to identify and classify tanks and other vehicles, improves image feeds, and also provides driving assistance by giving early warning on obstacles and changing ground conditions. Governments are also quickly adopting these technologies to improve their defense arsenal." China is a growing driver of the market, the report states, noting that it is one of the prime manufacturers of drones globally.