FAA predicts that 4.3 million hobbyist drones will be sold by 2020

The Federal Aviation Administration is predicting a bright future for the growth of the commercial and hobbyist drone industries after final regulations are approved. In an aerospace forecast report released Thursday, the FAA said unmanned aircraft systems will be the "most dynamic growth sector within aviation." It noted that venture capitalists have already sunk "considerable" funds into the industry in hopes of building early market share. Already, the FAA predicted that 1.9 million hobbyist drones will be sold this year, along with more than 600,000 commercial drones. The FAA predicts that 4.3 million hobbyist drones could be sold per year by 2020.