The global market for drone and the commercial applications of drone technology is booming. Grand View Research estimates that the size of the global drone market is set to grow at a compound annual growth rate of 16.9% through 2022, from a base of $552 million in 2014. Grand View expects the value of the US drone market alone to be worth more than $1 trillion per annum by 2022. PricewaterhouseCoopers meanwhile believes that the size of the global market for commercial applications of drone technology, currently estimated at $2 billion, will balloon to as much as $127 billion by…
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