From 2013 to 2017, consumer drone sales to dealers in the United States totaled U.S. $443 million. By 2020, unmanned aerial vehicle (UAV) sales are projected to reach U.S. $4 billion, astronomical growth. On eBay (EBAY – U.S. $32.00) this has translated into $16.6 million worth of transactions – more than 127,000 drones – since last March. Between Thanksgiving and Christmas, an average of 7,600 drones were sold each week – more than five times the rate just six months ago. Military drones are now used by over seventy-five countries for defense and surveillance, and demand will continue to grow. We expect to hear more from the USA’s Federal Aviation Administration (FAA) and the UK’s Civil Aviation Authority (CAA) about how countries can use them for military purposes. Both drone hardware and drone software continue to be high energy market sectors which investors and developers alike flock to. Not all current applications will be accepted by developers, since regulations continues to evolve, and in some cases there will be licensing hurdles to jump. Flying for recreation is legal in the United States, as long as the operator follows a set of rules including respecting no-fly-zones around airports, and areas such as Washington D.C.. Although that didn’t stop a drone from crash-landing on the White House grounds Jan 26, 2015, this is a prime example of what’s to come. The US will enjoy a large revenue boost in the next few years. We will examine these nuisances more closely in future blogs.
Drone Sales Continue to Rise
- Feb 02, 2017