7 Key Facts You Need to Know Before Investing In Drone Technology

More and more companies are putting drones to work, including tech giants, manufacturers, utilities, and news organizations. With a broad range of practical applications and rapidly evolving technology, drones offer huge untapped potential, but not every market offers equal opportunities for growth. Here are seven facts and forecasts to know before investing. The demand for drones in the U.S. is projected to rise 10% annually to $4.4 billion in 2020, and the number of vehicles sold will more than double to 5.5 million. Drones sold to commercial and consumer users can cost less than $100 on the low end for toy drones to $10,000 or more on the high end for professional drones with sophisticated sensors and controls. Civilian markets are in the early stages of development, and over the next decade sales are expected to grow at explosive rates, similar to those posted by smartphones following the introduction of the iPhone in 2007.