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Drones: The Hottest New Growth Market

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Rupert Hargreaves
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The global market for drone and the commercial applications of drone technology is booming.

Grand View Research estimates that the size of the global drone market is set to grow at a compound annual growth rate of 16.9% through 2022, from a base of $552 million in 2014. Grand View expects the value of the US drone market alone to be worth more than $1 trillion per annum by 2022.

PricewaterhouseCoopers meanwhile believes that the size of the global market for commercial applications of drone technology, currently estimated at $2 billion, will balloon to as much as $127 billion by 2020, a CAGR of 182% or a compound annual growth rate of 6,000%.

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

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