- June 17, 2021
- Posted by: Stratford Team
- Category: Business
Jun 17th 2021
ALTHOUGH DRONES, or uncrewed aerial vehicles (UAVs) as they are also known, were originally developed for military target practice and surveillance, the civilian versions that have emerged over the past decade have created a thriving new industry. Commercial UAVs, especially the hovering type, are used for jobs ranging from inspecting power lines, buildings and crops, to aerial photography, transporting medical supplies and even delivering pizzas. The value of this market reached $22.5bn last year, according to Drone Industry Insights, a German research firm with its eye on the business. By 2025 that figure is expected to exceed $42bn.
Something helping to accelerate this growth is a gradual relaxation of the strictures that aviation authorities, being naturally cautious about all these newfangled flying machines taking to the sky, have imposed on the industry. In most countries, drones may not be flown near people or over built-up areas,…
