Industry Growth
The drone industry is expected to grow at an average compound annual rate of 9.4% or $41.3 billion by 2026. This projection is lower as compared to the projections that were reported in the previous years. In 2019 for instance, drone industry insights (DII) projected the growth to average 20.5% and would reach $43 billion by the year 2024. In 2020, the same report projected it to reach $42.8 billion by 2025.