FIVE BARRIERS DRONES
WILL NEED TO CLEAR FOR
COMMERCIAL SUCCESS
TE CONNECTIVITY SENSORS /// FIVE BARRIERS DRONES WILL NEED TO CLEAR FOR COMMERCIAL SUCCESS
When the FAA published its regulations for commercial
drone use in June 2016, it did more than clear the way
for unmanned aircraft systems to hit US airspace for
commercial use; it was a near final hurdle in bringing
commercial drones to the biggest markets in the world.
With China and much of the EU already allowing for
commercial drone flights, the FAA's regulations brought
the US into the fold. And that means more opportunity
to expand the growing commercial drone industry.
And it's no small opportunity.
Goldman Sachs, which estimates the global drone
market will reach $100 billion by 2020, said in
January that it expects businesses to invest $13
billion globally in commercial drones by 2020.
In the US alone, it's projected that the FAA's June 2016
regulations will create 70,000 new jobs in the first three years
of commercial drone use and bring more than $13 billion
to the US economy over the same time period. The trade
group that researched these projections, the Association for
Unmanned Vehicle Systems International, also estimates a total
economic impact of $82.1 billion for the US economy by 2025.
