5 Things You Need to Know About the US Drone Market

US Drone Market Size: As one of the most prominent players the US drone market, is also home to some of the most exciting developments in the industry. From world-leading R&D coming out of Sillicon Valley to landmark FAA waivers and exemptions, the US continues to move forward at a swift pace. This is why we decided to release our very first country-specific report on the American market.

This year alone, the US drone delivery company Zipline raised $190 million in Round C funding having firmly entrenched themselves as the global leader of medical drone deliveries. The FAA, in the meantime, released new drone rules for hobbyists and wasn’t short of exemptions.

In light of all these developments and our new report here are the top trends on the US Drone Market Size and more:

The US Drone Market size is the biggest in the world and has been for the past few years. The US will remain in the lead in the forthcoming years, but the Chinese market is slowly closing that gap. While in 2024 the US drone market size will remain the largest in the world, the Chinese market will be catching up as it will grow faster.

Even though the US market won’t grow quite as quickly as some others (China, and India), it will still be one of the fastest growing markets in the world. By 2024 the US drone market size is expected to be almost three times the size it was in 2018.

Not only will the market grow rapidly, but so will commercial drone unit sales. In fact, in 2024 in the US there will be four times as many drones sold as in 2018.

Finally, in addition to having the largest drone market in the world, the United States also has a growing administrative infrastructure to support it. The US Aviation Agency, the FAA, is supporting five different initiatives working towards establishing an unmanned traffic management (UTM) system as we speak.

While regulators still have a long way to go until drones are able to fly beyond the line of sight in urban areas, each year brings new waivers and exemptions. The latest milestone is the FAA approval granted to the Alphabet-owned Wing this May. This is the first permission to fly a drone delivery service in the United States ever allowing Wing to begin operating in the state of Virginia later this year.