U.S. markets close in 3 hours 8 minutes
  • S&P 500

    3,613.55
    -24.80 (-0.68%)
     
  • Dow 30

    29,581.95
    -328.42 (-1.10%)
     
  • Nasdaq

    12,141.25
    -64.60 (-0.53%)
     
  • Russell 2000

    1,827.22
    -28.05 (-1.51%)
     
  • Crude Oil

    44.80
    -0.73 (-1.60%)
     
  • Gold

    1,782.20
    -5.90 (-0.33%)
     
  • Silver

    22.63
    -0.01 (-0.04%)
     
  • EUR/USD

    1.1952
    -0.0019 (-0.16%)
     
  • 10-Yr Bond

    0.8470
    +0.0050 (+0.59%)
     
  • GBP/USD

    1.3349
    +0.0035 (+0.26%)
     
  • USD/JPY

    104.3230
    +0.2380 (+0.23%)
     
  • BTC-USD

    19,359.52
    +1,008.07 (+5.49%)
     
  • CMC Crypto 200

    380.39
    +15.79 (+4.33%)
     
  • FTSE 100

    6,266.19
    -101.39 (-1.59%)
     
  • Nikkei 225

    26,433.62
    -211.09 (-0.79%)
     

The popularity of drones is about to soar to new heights

A Pininfarina-designed Sky Rider Drone
A Pininfarina-designed Sky Rider Drone

Economies of scale and better manufacturing processes are about to push drones into the mainstream consumer space.

According to a new Tractica report, consumer drone sales are expected to increase tenfold by the end of the decade. In 2015, some 6.4 million devices shipped and this is forecast to climb to a remarkable 67.9 million drones annually by 2021.

Prices are also expected to fall year-on-year over the next several years, thanks to increased demand and better approaches to manufacturing and the economies of scale that come from growing popularity.

"The consumer drone market continues to grow at a rapid pace," says research analyst Manoj Sahi. "A number of prominent companies are investing in consumer-grade drone technology, and the hardware and software capabilities of drone products are becoming more robust over time, enabling new applications for consumers."