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.

email
Filed in: C4ISR Tags: , , , , , ,

You might like:

CH2M Hill’s Liz Kelly: Collaboration, Technology Critical to Infrastructure Management CH2M Hill’s Liz Kelly: Collaboration, Technology Critical to Infrastructure Management
NS2 Serves Sponsors ‘Call to Action’ Forum to Back Veteran Employment NS2 Serves Sponsors ‘Call to Action’ Forum to Back Veteran Employment
Dwight Hunsicker on Globecomm’s Gov’t Market Pursuits and Keys to Manage Bandwidth, Data Dwight Hunsicker on Globecomm’s Gov’t Market Pursuits and Keys to Manage Bandwidth, Data
Navy Seeks Info on Explosives Trace Detection Tech Navy Seeks Info on Explosives Trace Detection Tech
© 2014 ExecutiveBiz. All rights reserved.