Growth Challenging Factors of the Unmanned Aerial Vehicle Industry
Some of the challenges hindering the growth of the unmanned aerial vehicle industry include stringent regulatory environment in different regions, high accident rate of existing systems, vulnerability of UAVs to cyber-attacks, and high initial investment and strong government support, among others.
The unmanned aerial vehicle industry was estimated at $22.91 billion in 2019 and is projected to grow at a CAGR of 13.27% during the forecast period from 2020-2025.