Law360 (February 23, 2021, 5:08 PM EST) — Unmanned aircraft systems, more colloquially known as drones, were once a niche hobby for dedicated enthusiasts, but have become increasingly popular as drone size has decreased and ease-of-use has increased.
They currently represent the fastest-growing segment of the transportation sector, with over 1.7 million drone registrations and 203,000 remote pilots certified by the Federal Aviation Administration. Sales of U.S. consumer drones to dealers surpassed $1.25 million last year, and Goldman Sachs forecasts the drone market size to be worth $100 billion, supported by growing demand from commercial and government sectors.
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