30 May '17, 8am

Drone market taking off with promising demand from commercial sector

Drone market taking off with promising demand from commercial sector

Drone market taking off with promising demand from commercial sector Staff reporter [Tuesday 30 May 2017] The market for UAVs (unmanned aerial vehicles), commonly known as drones, is growing quickly thanks to the diversification of products. Demand for consumer, entertainment, professional and commercial-use drones has been gradually emerging. According to Gartner, almost three million personal and commercial drones will be produced in 2017, 39% more than in 2016. Global revenues for the market are expected to increase 34% to exceed US$6 billion in 2017, and grow further to surpass US$11.2 billion by 2020, said the market research firm. Drones for commercial purpose have a high technology threshold due to the importance of security and efficiency. Commercial drones normally have a higher payload, longer flight times, and are equipped with a significant amount of sensors an...

Full article: http://www.digitimes.com/news/a20170525VL200.html

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