The use of drones is set to grow exponentially.
A new report from the Centre for Economic Performance (CEP) suggests that the use of unmanned aerial vehicles (UAVs) will increase exponentially by 2030.
This report estimates that the number of drone users will increase from just 10 million today to nearly 300 million by 2030, with the number likely to continue rising.
“The world will need drones to support a growing number of jobs, and the US alone is expected to spend $1.8 billion per year on drone purchases,” the report said.
The report says that the US is the biggest buyer of drones with the average price tag of $5 million.
The most popular drone brands are: DJI, DJI Mavic Pro, DJi Mavix and DJI Phantom 4.
There are also several small drone makers, including: Phantom 2, DJTone, DJVio, DJVAE and DJVAO.
The biggest threat to the global drone industry, however, is the lack of regulation.
This is due to the fact that the government is not in favour of the use and sale of drones, the report notes.
The CEP estimates that only a small number of countries have laws or regulations that allow the use or sale of small drones.
However, it warns that regulations will have to be strengthened to protect public safety.
“For the US, this means requiring a minimum height for small drones, as well as restrictions on drones being used for surveillance and the ability for them to be tracked.
There is also the need for restrictions on the use, and storage of small drone cameras,” the CEP said.
“We also see a need to make drones more accessible to the public.”
The Cep report points out that drones will become more affordable and more useful as time goes on.
For example, in the US the cost of a drone was around $10,000 in 2014.
By 2030, the cost will drop to around $400.
The FAA has already made it clear that drones are not legal in the country.
In January, the FAA said that it was “considering new rules to make small unmanned aircrafts legal in our airspace,” with the US Department of Transportation also planning to issue rules on the subject.
In a recent report, the government’s inspector general noted that the FAA is working on a number of changes to the regulations it requires drone operators to follow.
The government also recently announced plans to introduce a new rule that will allow the FAA to conduct drone use “in a manner consistent with existing regulations”.
According to the Cep, “the new rules will allow for the use in certain circumstances of drones operated by licensed operators, including for humanitarian purposes.”