Proof Point
Global drone market value forecasted by Goldman Sachs to reach $100 billion for five-year period between 2016 and 2020, led by government sector
Estimated Global Drone Market Value
2016E – 2020E (US$ billion)
Proof Point Findings
- Increasing Military Fleet – Government sector to have biggest drone market share between 2016 and 2020, with $70 billion, due to demand for safer, cheaper and more capable alternative to manned military aircraft
- Consumer Growth – Forecasted to follow with $17 billion market value, driven by increase in number hobbyists
- Developing Opportunity – Commercial drone market to grow rapidly between 2016 and 2020, reaching $13 billion, as businesses and civil government explore potential business opportunities
- Key Growth Drivers – Include rapidly increasing advancements in drone technology, easing regulatory frameworks for drone usage, and proliferation of public and private applications enabled by drone technology
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Accelerator |
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Sector |
Cross-sector, Military and Security
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Source |
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Date Last Updated |
March 14, 2018
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