BAE Industry Consortium: Civilian Drone Market Value Could Hit $400B

A consortium led by the British government and several aerospace companies including BAE Systems predicts the civilian drone market could be worth $400 billion within four years, Reuters reports.

The Autonomous Systems Technology Related Airborne Evaluation & Assessment program also estimates the market could be worth up to $62 billion per year worldwide by 2020, according to Chris Wickham’s article.

Lambert Dopping-Hepenstal, a BAE engineering executive and an ASTRAEA project director, told Reuters the technology should be at the right maturity level within three-to-four years.

Wickham writes the consortium believes drones in civilian airspace can help with search and rescue operations and could also check oil pipelines.

Dopping-Hepenstal told Reuters drones will probably be first used in sea rescue searches and for monitoring fishing grounds.

In the U.S., the Federal Aviation Administration faces a September 2015 deadline to integrate drones into civilian airspace, while the European Commission has set a 2018 goal to do the same.

Filed in: C4ISR Tags: , , , , , ,

You might like:

Ball Aerospace Begins Work on Two Air Quality Sensors; Rob Strain Comments Ball Aerospace Begins Work on Two Air Quality Sensors; Rob Strain Comments
Lee Hicks: Verizon Expands its 100 Gigabit Ethernet Service Across the U.S. Lee Hicks: Verizon Expands its 100 Gigabit Ethernet Service Across the U.S.
Brad Feldmann: Cubic Rebrands Corporate Identity Brad Feldmann: Cubic Rebrands Corporate Identity
James Kilbride on Security’s Role in Cloud Adoption, General Dynamics’ Work to Integrate Technology with Business Viewpoints & Managing Innovation James Kilbride on Security’s Role in Cloud Adoption, General Dynamics’ Work to Integrate Technology with Business Viewpoints & Managing Innovation

Leave a Reply

Submit Comment

© 2014 ExecutiveBiz. All rights reserved.

A Digest of ExecutiveBiz's Daily Coverage of GovCon

  • Executive Analysis
  • Technology & Innovation
  • Business

Sign up for the ExecutiveBiz Digest