£1bn Drone market by 2018!

“A global developing market worth $1.5bn by 2018, Drone is here to stay” according to the US Consumer Electronics Association (CEA), which connects over 2,000 tech companies, That’s an increase on the prediction for 2015, which is a market estimate of $130m, and 425,000 units sold. Even in the fourth largest emerging markets and developing economies the BRIC countries (Brazil, Russia, India and China), there are some characteristics of a developed market, but does not meet standards to be a developed market Drone is still popular. A few months ago A drone was used in Mumbai street to deliver pizza to a first floor apartment.

CEA’s chief economist, Shawn DuBravac, speaking at the 2015 International Consumer Electronics Show (CES) in Las Vegas, said around 100 different types of drone could debut this year.

The boom in consumer owned toy drones has led to discussions around legislation around the devices. In America, the Federal Aviation Administration is already considering tightening laws to limit commercial drone use, at a time when Amazon were doing trials on Drone delivery of their parcels to their consumers.  Remote-controlled flying objects Drones with cameras were a hit in last years Christmas presents for boys. For as little as £30 you could buy a stable and efficient hovering flying machine with inbuilt video cameras.