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A new MarketsandMarkets research report predicts the global drones market will achieve a compound annual growth rate of 32.22 percent from 2015 through 2020, buoyed by regulatory relaxations on unmanned aerial vehicles. MarketsandMarkets said Monday the report foresees a $5.59 billion industry in five years, up from $663.4 million in 2014. The report indicates that huge demand for […] More
A new ASDReports study projects the commercial unmanned aerial vehicle market to reach $1.27 billion by 2020 from $15.22 million in 2014, up 109.31 percent year over year during the forecast period. The report indicates that an increase in demand for law enforcement applications contributes a major portion to the market’s growth, ASDReports said Feb. […] More
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