It is estimated that close to 7 million drones will fly in the skies over the United States by 2020. Which will close to triple the number that is expected to be circulating in the air by the end of 2016, said the Federal Aviation Administration on Thursday.
Unmanned aircraft systems are going to be the most dramatic growth sector in aviation said the FAA in its report, that forecast some 2.5 million drones would be in use before the end of this year.
However, how the market for civilian drones evolves will depend upon the future regulatory and security measures put into place by the government in the U.S., said the FAA emphasizing that milestones that were unprecedented had been set during 2015.
In December of 2015, rules were released by the FAA requiring the registration of small drones or unmanned aircraft weighing over 0.55 pounds and less that 55 pounds, including the payload like cameras on board.
The registration rule has been set up to aid any investigations and to allow the agency to gather data, said the FAA in the report.
The amount of drones that are considered for hobby is expected to increase from a current 1.9 million to over 4.3 million during 2020, while the commercial drone is predicted to soar from its current 600,000 to more than 2.7 million during the same period.
However, the regulatory agency added that the predictions for drones used commercially are far more difficult to determine given the quickly evolving nature of this market.
The FAA is scheduled to publish its final regulations that covers drone use over the next couple of months, said the agency.
The regulator worked with an expert in the drone industry, the Teal Group, to gain a better understanding of the market for aircraft systems that are unmanned.
It is estimated that 90% of the fleet of drones in 2020 will cost on average $2,500, with the models that are most expensive costing $40,000.