Drone Market in 2021-2026

DESCRIPTION

What is the size of the drone market in 2021 and how will it develop until 2026? Our infographic shows the size of the drone market for the next 5 years including CAGR (Compound Annual Growth Rate). The infographic also shows a breakdown of the drone market in 2021 by segment (hardware, software, services).

File: Infographic | Drone Market in 2021-2026
Updated: August | 2021
Type: .pdf
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Want to learn more? Read our blog post about the 5 key takeaways for the drone market in 2021 and beyond. The blog post takes a quick look at developments by segment, industry, and region as well as the impact that the COVID-19 pandemic might have on the overall global market.

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About Drone Market in 2021-2026

ABOUT

BENEFITS

CONTENT

Our infographic shows the drone market in 2021 in terms of market value. The graphic shows the current value as well as the projected CAGR for the next 5 years until 2026. Last year’s infographic projected a higher CAGR which had underestimated the length and impact of the pandemic. Nevertheless, the drone market in 2021 shows signs of a mature industry that can recover from recessions and depressions such as the ones caused by COVID-19. After gaining US$ 6 billion from 2020 to 2021, the value of the market will be worth twice as much in 2026 as it was in 2020.

The “Drone Market in 2021-2026” infographic also shows market segmentation in terms of hardware, software and services. Not surprisingly, drone services continue to dominate the market and will continue to do so in the coming years. It is worth noting that this infographic excludes “passenger drones” from the hardware segment.

If you’re looking for more information on the commercial drone market in 2021 and beyond as well as key takeaways, read our blog post. Here is an excerpt from the blog:

“For starters, drone companies continued to grow through all of 2020, which includes the peak of the pandemic. So despite layoffs and decreased revenues, the drone market in 2021 showed resilience. Secondly, there was a record number of investments, in the commercial drone space. Therefore, it is clear that a lack of economic activity in markets did not scare investors away from drone technology.”

BENEFIT

The drone market in 2021 may have been slowed down by the 2020 pandemic, but according to our research it is still on path towards steady growth for the next 5 years. The previous year brought a record of drone investments, which have helped the industry push forward in spite of the pandemic. In 2021, the drone market is strongly driven by drone services. However, the hardware sector also plays a key role in promoting drone technology. As drone applications continue to grow, the industry will become more and more valuable, and our infographic provides a quick way to visualize this growth along with the corresponding CAGR.

Those looking to start a drone business and/or find business partners can benefit from this data about the value of the drone market in 2021 as well as the projected CAGR until 2026. Moreover, knowing how the market is split by segments (hardware, software, and services) can help business developers and decision-makers determine which of these is the best one to enter.

To discuss the more about the big players in the drone market, regulatory standards, more detailed data about the drone market in 2021 or tailored drone market research and what we can do for you, contact us.

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