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Reportlinker: Global Drone Market to Grow to $ 16.7B by 2022

Reportlinker: Global Drone Market to Grow to $ 16.7B by 2022 - top government contractors - best government contracting event

Reportlinker: Global Drone Market to Grow to $ 16.7B by 2022 - top government contractors - best government contracting eventReportlinker has released a forecast study that the global drone market will grow to reach $16.7 billion in 2022.

The predicted growth stems from the increase of drone demand for military and commercial use, and the continuing regulatory efforts on drones, the research firm said Thursday.

Drone-producing firms are continuously making technological advancement efforts that may lead to fuel growth within the forecast period covering 2012 to 2022, the report said.

Major industry players mentioned in the report include AerovironmentLockheed MartinBoeingGeneral Atomics and Northrop Grumman.

The full report can be purchased here.

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Written by Nichols Martin

a staff writer at Executive Mosaic, produces articles on the federal government's technology and business interests. The coverage of these articles include government contracting, cybersecurity, information technology, health care and national security.

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