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Follow on Google News | Global drone market projected to reach US$41.3 billion by 2026 despite pandemicBy: Drone Industry Insights UG Currently, commercial drones are used in a vast majority of industries. According to the study, the drone applications in the Energy industry are on path to earn just under US$ 5.9 billion throughout the globe. Other industries such as Construction and Agriculture are not far behind, and some industries related to warehousing and insurance will grow at a more rapid pace in the next 5 years. Drone services, such as mapping and inspections among dozens of others, represent roughly 78% of global drone-related revenue and are the main driving force in the market. Some of these also experienced a positive impact from the pandemic by assisting with the remote delivery of coronavirus test kits and vaccines that allowed people to keep a safe distance and avoid infection. Moreover, drone hardware is forecasted to experience strong growth as well, despite the fact that this report excludes passenger drones that have made headlines throughout 2021 through companies like Joby, Archer and Lilium. Regionally, Asia and North America are currently the strongest markets, led by China and the United States respectively. However, developing countries in South America and Asia will experience the fastest growth above 11% CAGR. The Drone Market Report (https://droneii.com/ Drone Industry Insights is also currently running a global survey (https://form.jotform.com/ More info: https://droneii.com/ End
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