Markets and Markets, a Dallas, TX research firm, in an 189-page $4,650 report, is projecting that the global commercial drones market will grow at a compounded annual growth rate (CAGR) of 109.3% and reach $1.27 billion by 2020.
Amazon announced its plans to launch a new drone delivery service this past December.
Recent eye-popping acquisitions of robotics technology companies by giants like Google and Amazon might suggest that the automated age is upon us. Is it? Why now? Are these the companies that will usher in the commercial robotics and drone era? And will the little guy continue to find a place in the new epoch? While the excitement surrounding all of this suggests that a huge movement is afoot, those in the community should be relieved that we are finally seeing any activity.