New Study from StrategyR Highlights a $9.3 Billion Global Market for Consumer Drones by 2026

SAN FRANCISCO, Oct. 13, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Consumer Drones - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 418
Companies: 47 - Players covered include 3D Robotics, Inc. (3DR); Autel Robotics; Guangdong Cheerson Hobby Technology Co., Ltd.; Guangzhou EHang Intelligent Technology Co. Ltd.; Horizon Hobby LLC; Mota Group, Inc.; Parrot SA; SkyTech Drones Sp. z o. o.; SZ DJI Technology Co., Ltd.; Yuneec International Company Limited and Others.
Coverage: All major geographies and key segments
Segments: Segment (Rotary Wing Drone, Fixed Wing Drone, Hybrid Drone)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Consumer Drones Market to Reach $9.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Consumer Drones estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$9.3 Billion by 2026, growing at a CAGR of 20.8% over the analysis period. Rotary Wing Drone, one of the segments analyzed in the report, is projected to record a 21.4% CAGR and reach US$9.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fixed Wing Drone segment is readjusted to a revised 19.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $1.6 Billion by 2026
The Consumer Drones market in the U.S. is estimated at US$1.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2026 trailing a CAGR of 20% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 18% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.2% CAGR.

Hybrid Drone Segment to Reach US$580.7 Million by the year 2026
In the global Hybrid Drone segment, USA, Canada, Japan, China and Europe will drive the 15.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$194.7 Million in the year 2020 will reach a projected size of US$526.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.