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Consumer drone market estimated to reach $1 billion by 2018

The consumer drone market is estimated to be worth $1 billion by 2018, as more first-time operators take to the skies
By: Michael Hatamoto | Drones News | Posted: Jan 6, 2015 4:58 am

The consumer drone market is increasing in popularity, and is forecasted to reach $130 million in 2015 - and could surpass $1 billion by 2018, according to the Consumer Electronics Association (CEA).

 

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There are regulatory and environmental concerns related to commercial drones, with more focus on possible safety problems related to consumer use. Prices continue to fall at a fast pace, and interested buyers have a growing selection of possible products to purchase.

 

The Federal Aviation Administration (FAA) is still trying to sort out consumer and commercial drone use, a growing necessity with so many private operators and corporations embracing drone use.

 

Consumer drones are expected to have a major presence during CES 2015, which begins later today from Las Vegas, Nevada. There could be upwards of 100 different consumer drones unveiled and launched during CES.

NEWS SOURCES:Geekwire.com, Gigaom2.files.wordpress.com

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