What Happened
Ten Years After Predicting $127 Billion Market, What Did They Get Right
In 2016, a forecast predicted the drone market would reach $127.3 billion in value. Ten years later, the authors of the forecast revisit their predictions, examining what they got right and wrong. The forecast correctly identified infrastructure as the largest commercial application, but underestimated the time it would take to reach the predicted market value. The commercial value has migrated to data analysis and interpretation, with services accounting for roughly 78% of the civil drone market. This was first reported by DRONELIFE.