Drone Market Size To Reach $6 Billion in 2017


Social Media Week

This originally appeared on Business 2 Community by Mary Cargile

20 days until SMW Chicago. Watch live or on-demand. Activate free trial now!

Unmanned aerial vehicles (UAV drones) are becoming increasingly talented and cheaper with the development of technology. The new report from international research firm Gartner also reveals this change; This vertical global market share is expected to reach $6 billion in 2017.

Unmanned aerial vehicle market volume, which will reach $6 billion with an increase of 34 percent according to Gartner’s report, will reach $11.2 billion by 2020. The number of vehicles to be produced in 2017 will increase by 39 percent compared to 2016.

It is known that UAVs are used for personal and commercial purposes. Gartner also segregates these two verticals and predicts that both categories will see significant growth. Gartner, who shared $1.7 billion in personal R&D sales, estimates that this figure will reach $2.3 billion in 2017. The same sales figure for commercial UAVs expected to rise to $3.68 billion from $ 2.8 billion.

Gartner also underlines that these categories have different dynamics. They describe the UAVs for personal use as vehicles that can not travel more than 5,000 meters, can not stay in the air more than one hour, and can not fly more than 500 meters. For these vehicles that are categorized under two kilograms, a price limit of five thousand dollars is drawn.

To remind you, Amazon has made its first delivery of commercial drums with Prime Air. Canada, which follows the United Kingdom and France, is also plans to start delivering drug by the end of 2017 or early 2018.



SMW Staff

SMW News, Social Media Week

@socialmediaweek

Social Media Week is a leading news platform and worldwide conference that curates and shares the best ideas, innovations and insights into how social media and technology are changing business, society and culture around the world.



Want to write for Social Media Week?

We're looking for individuals around the globe to contribute articles on marketing, media, technology, and more.







Comments