Venture Capitalists' Investments in Drone Industry Rise 67%

Momentum is building in the drone industry according to latest data, drone industry insight (DII) has revealed. Venture capitalists are putting significant funding into the segment as world leverage on technologies and related infrastructure. According to the its 2019 report, DII stated that the global market will grow from $14 billion in 2018 to over $43 billion in 2024 at annual average growth rate of 20.5%. Specifically, the drone market which has been evolving, has become clearer as VC funding is focused mainly on drone delivery, security, and mining. This was a year on year growth of 67% with venture capitalist funding standing at $930 million.