Filed Under:Markets, Personal Lines

U.S. says 7 million drones will take to skies annually by 2020

Annual sales of drones in the U.S. will hit 2.5 million this year. (Photo: Bloomberg)
Annual sales of drones in the U.S. will hit 2.5 million this year. (Photo: Bloomberg)

(Bloomberg) -- Annual sales of drones in the U.S. will hit 2.5 million this year and swell to 7 million by 2020, according to a projection from the Federal Aviation Administration.

Unmanned aircraft purchases are growing both for hobbyists and for commercial ventures that perform inspections, assist farmers, and survey construction sites, according to the agency’s annual forecast of aviation activity, released on Thursday.

While the FAA isn’t expected to issue regulations allowing commercial uses of drones until later this year, it’s granted more than 4,100 exemptions for businesses flying unmanned craft. The initial regulations would allow limited flights during the day and within sight of an operator on the ground, according to the agency. The agency expects to later issue regulations allowing flights over longer distances and for purposes such as delivering products to people’s homes.

Related: Drones are proving to be a valuable tool for adjusters

Are you following us on Facebook?

Copyright 2017 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Featured Video

Most Recent Videos

Video Library ››

Top Story

Top 10 personal auto carriers for 2016, as ranked by NAIC

Which personal auto carriers saw their market share decrease? Which personal auto carriers saw their direct premiums written go up? NAIC has them all ranked.

Top Story

3 wise cybersecurity solutions for 2017

Human error is the leading cause of cybercrimes. Businesses may be missing out by not training their own employees in cybersecurity.

More Resources

Comments

eNewsletter Sign Up

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.