Small Unmanned Aerial Systems (sUAS), more commonly referred to as drones, have been in the public eye for well over this decade and a hype cycle developed around its applications for the consumer and commercial space.
The high-profile failure of major drone manufacturers and software providers, such as US firm Airware in 2018, somewhat tempered initial enthusiasm, causing early projections from industry organizations such as the Association for Unmanned Vehicle Systems International (AUVSI) to look overly optimistic.
However, according to a new report from global tech market advisory, ABI Research, commercial drone usage, especially in the industrial space, will be a source of accelerating growth throughout the next decade with $101 billion in revenue being created annually by 2030 across the commercial, military, civil, and consumer sectors. [Read more…] about Drones expected to grow to $100 billion market as they take off in commercial and industrial sectors while delivery market beckons
