Drones are expected to see bigger growth
According to ABI Research, the drone market is set to be worth $92 billion by 2030, with a CAGR rate of 25%. That’s a significant increase over the $9.5 billion in annual revenue in 2020.
Of this revenue, 70% is in the commercial sector ($63 billion).
Among the biggest markets are security and industrial inspection, with growing opportunities in delivery, agriculture, and emergency services.
The largest number of drone registrations are currently in the US. There, the Federal Aviation Authority tracks 1.7 million consumer drone pilots and 400,000 commercial operators. China is catching up with 400,000 registered drones, while the EU has over 1 million registrants.
We’ve reported that Walmart has teamed up with Zipline to launch a drone delivery operation across the US.