Years after the invention of drones, or Unmanned Aerial Vehicles (UAV), the drone industry seemed sluggish. However, the developments realized in recent years have left a substantial impact, with the total drone spending estimates believed to be in the region of $4 billion annually. This figure is set to grow to double digits by 2025.
As for what the future holds: Key research and market analysts have it that there are more drones or UAV in the sky than human-crewed aerial vehicles. Most jurisdictions never saw this coming, and the existing legislation seems to be widely stretched.
The demand and practicability of using drones have come with its fair share of positives. Initial projections on the importance of drones in different industries are now a reality. Nevertheless, the current state of affairs gives us every reason to believe that we are yet to see the best.
As much as drones have a lot to offer to humanity, the unprecedented growth has also attracted a fair share of concern from key stakeholders in this industry. Federal agencies playing an oversight role in this field, like the European Aviation Safety Agency, tightening the rules governing this industry, to make it more organized and controlled.
Up until 2018, the regulations have been reasonably accommodative. In 2019 and beyond, tribal, local, and state governments will start working together. While there have been conflicting sentiments about drone rules in most jurisdictions, the pathway towards real success is catalysed by collaborative regulatory efforts from key players in the industry.
The developments in drone technology are quite enticing, although reasonable progress can only be realized when everything is well coordinated. As drone technologies continue to redefine various industries, some innovations, like floating umbrellas, might seem far-fetched, but if it isn’t broken, don’t fix it.