Proof Point
U.S. drone sales forecasted to grow 29.4% annually from 2016 to 2020, reaching 7 million units by 2020
Drone Sales Forecast
2016F – 2020F (millions of units)
Proof Point Findings
- Drones – Unmanned Aircraft Systems (UAS), including communication links and other control systems required for operation or flight
- U.S. Drone Sales Dramatic Growth – Forecasted by Federal Aviation Administration (FAA) to grow 29% annually between 2016 and 2020, reaching 7 million units in 2020
- Hobbyist Sector Growth – Expected to drive sales in 2016, with 1.9 million units or 76% of total, and continue to increase dramatically, growing to 4.3 million by 2020
- Commercial Sector Uptake – Estimated to start off slow in 2016, with 600,000 units, before experiencing uptake surge in 2017, growing to 2.5 million units, followed by period of flat growth from 2018 to 2020
- Key Growth Drivers – Include increasing government support (e.g. Small Unmanned Aircraft System Registration Service implementation, UAS Focus Area Pathfinder Initiative), expanding drone functionalities (e.g. delivery, photography, industrial inspections), and increased competition in both local and international markets, driving continuous innovation and cost reduction
|
Accelerator |
|
|
Sector |
Cross-sector
|
|
Source |
|
|
Date Last Updated |
February 9, 2017
|
