Research firm Facts and Factors have published a new research report the forecasts the drone delivery market to expand at a 53% CAGR from2020 – 2026. “According to the research report, the global Drone Package Delivery Market was estimated at USD 528 Million in 2020 and is expected to reach USD 6,773 Million by 2026. The global Drone Package Delivery Market is expected to … [Read more...] about Drone Delivery Market Growing at 53% CAGR… Because Most People are Very Impatient
Drone Sector
Teal Analysts Predict More Growth for Civil Drones
Despite regulatory issues in the US, drone market forecasts continue to be optimistic. A new report by the Teal Group predicts that civil drones will be "the most dynamic growth sector of the world aerospace industry this decade." Teal's analysts unveiled the research at the Paris Air Show last week. “The civil drone market is ready to take off,” said Philip Finnegan, Teal … [Read more...] about Teal Analysts Predict More Growth for Civil Drones
DJI Expanding in Latin America
The Kathmandu Post reports that drone manufacturer DJI is set to expand in Latin America - focused on the commercial sector. The Chinese manufacturer is the undisputed global leader in the consumer drone market, with estimates of their market share ranging from 50% to a whopping 70%. Increasingly, DJI's drones have entered the prosumer market- and in Latin America, the … [Read more...] about DJI Expanding in Latin America
Motley Fool: US Will Dominate Drone Sector
The Motley Fool has good news for U.S. investors: the U.S. will dominate the drone sector over the next 10 years. Citing research by IHS Jane, specialist in the military, experts predict that while overall military spending will decrease, the drone sector will grow at an estimated 5.5% annualized to reach $10 billion by 2024. According to Jane's, Israel is currently the … [Read more...] about Motley Fool: US Will Dominate Drone Sector
