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 grow at a compound annual growth rate (CAGR) of 53% from 2021 to 2026”.
It’s no suprise that the drone delivery market is growing fast. Medical drone delivery is expanding rapidly around the world, with COVID lending the market a profile boost as drones prove their value in distributing vaccine and testing materials to remote areas. As the U.S. and global aviation authorities move towards regularizing flight beyond visual line of sight (BVLOS) on-demand cargo drone delivery becomes a viable option for industry.
While retail delivery has been one of the most recent developments, and…