Another Market Report Estimates Drone Market Size, Now $1.27 Billion By 2020

//Another Market Report Estimates Drone Market Size, Now $1.27 Billion By 2020

Another Market Report Estimates Drone Market Size, Now $1.27 Billion By 2020

While the various industry specific and market research organizations can’t seem to come to a consensus on the economic value of the still nascent drone industry, this latest report, from Dublin-based Research and Markets had some interesting warnings. The “scarcity of trained pilots” warning stood out to me, because of it’s similarity the real world conditions found in the Chinese drone market today. Will a lack of trained drone operators be a major contributing factor to a possible drone industry slowdown? What would the economic impact of that look like?

Dublin-based Research and Markets (dubbed “the World’s Largest Research Store”) recently released Commercial Drones Market by Type, Technology, Application & Geography – Global Forecast to 2020, a gargantuan, $6,000 report that predicts, among other things, that “the global commercial drones market is estimated to grow at a CAGR (compound annual growth rate) of 109.31% to reach $1.27 billion by 2020.”

The report also warns that “slow rate of commercialization, scarcity of trained pilots, security and safety concerns, and air traffic management” could cause nosedive scenarios in the market, as well.

Omnibus Research Report Predicts Blue Skies for UAV Market

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By |2017-08-31T15:24:16+00:00October 2nd, 2015|Drones|Comments Off on Another Market Report Estimates Drone Market Size, Now $1.27 Billion By 2020

About the Author:

Sam Estrin
I'm an avid drone enthusiast and part-time drone blogger living outside of the DC area. I track drone news and write editorials and timely drone news stories that I find interesting. If you like my stories, you can follow me on Twitter or visit me at LinkedIn. If you'd like me to write for your drone oriented publication or blog, you can contact me at info@droneuniversities.com.