Unmanned Aerial Vehicles
Teal Report Sees Civil UAS Market Tripling in Size by 2028
Commercial applications for unmanned aerial systems are increasing rapidly, drawing large investment from venture capitalists and spurring consolidation.

The annual market for civil unmanned aerial systems (UAS) is set to almost triple in size from around $5 billion in 2019 to $14.5 billion in 2028, according to a new Teal Group report. This represents a compound annual growth rate of 12.5 percent and a total market value of approximately $96.7 billion over the 10-year period.