IMAGE: IGI Consulting forecasts the US UAV market at $15 billion by 2020. (Image credit: IGI Consulting)
IGI Consulting (Boston, MA) says its UAV Market Research Study – 2014 is the first market Research Study to assess the size and growth of the total unmanned aerial vehicle (UAV) market from large United States Department of Defense (DOD) UAVs to Do-it-Yourself (DIY) UAVs for amateurs. The study includes the following major market sectors including: DOD, Civil, Commercial, SUAS, DIY Amateur, and Radio Control.
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IGI Consulting estimates that the U.S. market will grow from $5 billion in 2013 to $15 billion in 2020 and says this market will be driven by growth in the commercial and Do-it-Yourself markets.
Major commercial applications are agriculture, real estate, filmmaking, oil and pipeline, electric utility, and specialized package delivery. There will be a significant growth in 2015 after the FAA decision on UAV Access to the National Airspace.
This UAV market research report is also a marketing guide for subsystem, components, and other companies unfamiliar with the UAV market. It has been written for the companies in the field and those thinking of entering the field.
SOURCE: IGI; http://igigroup.com/st/pages/2014_uav.html