Research and Markets: Smart Commercial Drones Markets to Reach $27B by 2021

naval-drone-stock-photoResearch and Markets has released a new report that forecasts smart commercial drones markets will grow to $27.1 billion by 2021 from $3.4 billion in 2014.

The report predicts commercial-grade consumer video drones will take the largest chunk of revenue throughout the forecast period, Research and Markets said Sept. 11.

According to the data services provider, the growth of the other segments – agriculture, oil and gas, border patrol, law enforcement, homeland security, disaster response and package delivery – will depend on the use case performance of commercial drones.

The report also notes that drones are more well received in developing countries than in the U.S.

Companies mentioned in the report include:

  • 3D Robotics
  • BAE
  • Boeing / Insitu
  • Elbit Systems Ltd
  • Finmeccanica
  • Intel
  • L-3 Communications
  • Lockheed Martin
  • Textron


Check Also

AECOM Names New Executives to Leadership Team; Troy Rudd Quoted

AECOM has appointed Gaurav Kapoor, current chief accounting officer of the company, as chief financial officer (CFO), Douglas Stotlar as independent chairman of the Board of Directors and Troy Rudd as director of the Board, effective Aug. 15. Bradley Buss has been appointed to the AECOM Board of Directors, effective August 10th.

B-52 Stratofortress

Lockheed Puts Hypersonic Weapon Through Captive-Carry Flight Test

Lockheed Martin completed a captive-carry test of a second hypersonic weapon prototype on the U.S. Air Force's B-52 Stratofortress bomber aircraft Saturday off the Southern California coast.

AWACS aircraft

Boeing to Update Air Force Early-Warning Aircraft’s Comm Tech

Boeing has secured a six-year, $50M contract to update the U.S. Air Force's airborne warning and control system with an internet protocol-based communication technology.