Drone Market Will Be Worth $22.5 Billion by 2026
The best is yet to come for the U.S. small drone market!
This very optimistic report provides an in-depth analysis of the global small drones market.
Fortune Business Insights estimates that the small drones market will reach $22.55 billion by the end of 2026. This is a professional analysis entitled, “Small Drones Market Size, Share & Industry Analysis, by Type (Fixed-Wing, Rotary-Wing, and Hybrid/ Transitional), By Power Source (Lithium-ion cells, Hybrid Fuel cells, and Solar cells), By Size (Micro, and Mini & Nano), By Application (Civil & Commercial, Military, Homeland Security, and Consumer) and Regional Forecast, 2015-2026.”
These predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals.The report provides a detailed overview of the competitive landscape of the small drones market.
Researchers predict that the 2018 $6.48 billion market will grow by 15.92% during the this period from 2019 to 2026. The report also points out that, while North America is the largest global market for small drones, the fastest rate of growth will be in the Asia Pacific region.
This extensive research provides more evidence that the best is yet to come for the U.S. drone industry. Instead of slowing down, the small drone market is likely to grow exponentially. Research shows that the greater volume in growth is less likely to come in the next year or the year after, but for companies which take the time to seriously develop their products and methodically, and persistently, develop their base of customers.
The growing applications of small drones in military and defense will have a huge impact on market growth. Fortune Business Insights says that the military market, especially Homeland Security, is a great potential market for small drones. The military technology is increasingly crossing over to the enterprise markets and border patrol, as well as combat troops, are increasingly using small drones commercially.
The civil and commercial markets, however, as still the leading sectors animating future growth. At this time, the main future market drivers are disaster management, the power industry, and drone delivery.
The report also points out the opportunity that the small drone market represents for the manufacturers of batteries, and other innovative power sources, to increase the time-of-flight of small drones.
The predictions are made with respect to leading companies and products in the small drone market in coming years.
The list of the leading companies that are operating in the global Small Drones Market are the following:
- 3D Robotics
- Parrot Drones SAS
- AeroVironment, Inc.
- Autel Robotics USA
This extensive research provides more evidence that the best is yet to come for the U.S. small drone market!
Harry McNabb, ”Research Says Small Drone Market in U.S. Worth 22.55 Billion by 2026: but Which Region Will Grow the Fastest?” (March 13, 2020)