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Commercial drone industry poised to boom over next six years

The commercial drone industry is set to see accelerated growth, reaching an estimated $4.8 billion by 2021
By: Michael Hatamoto | Drones News | Posted: Jan 23, 2015 9:01 pm

The consumer and commercial drone markets are booming, despite continued hesitancy demonstrated by the Federal Aviation Administration (FAA), and the commercial market could rise from $609 million in 2014 to $4.8 billion by 2021.

 

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There are a few verticals that are expected to drastically increase commercial drone use, including package delivery, utility line inspection, agriculture, and for use in oil and gas mapping. The FAA is quickly trying to create guidelines to provide guidance regarding drone flights and safety regulations that must be met by operators.

 

Commercial drones have been used in Japan, Australia and select markets since the 1980s - but with increased hardware developments and lowering costs - will increase in the United States, UK, Western Europe, and other developed nations.

NEWS SOURCES:Prweb.com, I.ytimg.com, Researchmoz.us

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