The contract is said to be worth USD 45 million, wherein Aerovironment will supply RQ-11B Raven drones to the US Army. US Army's collaboration with Aerovironment will not only help the company grow but will have a direct impact on the growth of the global market in the coming years. Contact us for Customization in the Report: North America Leads the Global Market; Increasing Investments in Product R&D to Aid Growth The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America is projected to witness considerable growth in the coming years, driven by the high investments in the R&D of newer products. As of 2022, the market in North America was worth USD 4.62 billion and this value is projected to increase further in the coming years.