The U.S. market revenue for unmanned aerial vehicles (UAV) will grow to $15 billion in 2020
The U.S. market revenue for unmanned aerial vehicles (UAV) will grow to $15 billion in 2020 from $5 billion last year, an IGI Consulting report said. Growth will be driven by the commercial and the “do-it-yourself” markets, IGI said in…
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a news release. Fiber optic technology, developed for telecom, has a wide range of possible uses in the UAV field, the report said (http://bit.ly/1ve3grV). Fiber offers small size and weight with a potential for low cost, it said. Regulation is the biggest burden for UAV growth, the report said. “The only way the regulators will act is through political pressure” from “big hitters,” such as Apple, Amazon and Google, it said. Federal agencies, like the FCC, Federal Aviation Administration and NTIA, have the potential to foster growth in the UAV civil market, IGI said.