{"id":4089,"date":"2020-08-14T00:10:29","date_gmt":"2020-08-14T07:10:29","guid":{"rendered":"https:\/\/droneanalyst.com\/?p=4089"},"modified":"2020-08-13T21:00:05","modified_gmt":"2020-08-14T04:00:05","slug":"new-faa-data-offers-insight-on-us-drone-industry-growth","status":"publish","type":"post","link":"https:\/\/droneanalyst.com\/2020\/08\/14\/new-faa-data-offers-insight-on-us-drone-industry-growth\/'","title":{"rendered":"New FAA Data Offers Insight on US Drone Industry Growth"},"content":{"rendered":"\n

Last month, the FAA released its updated<\/a> Aerospace Forecast (2020-2040), an annual report that updates key metrics behind all aspects of the US aerospace \u2013 including U.S Airlines, General Aviation, Commercial Space and UAS.<\/p>\n\n\n\n

Last year\u2019s forecast brought widespread attention<\/a> to the acceleration of the UAS industry, but this year\u2019s forecast mostly went unnoticed as the COVID-19 pandemic has consumed the world\u2019s focus. But DroneAnalyst hasn\u2019t missed it, and we\u2019re breaking down the main insights into the drone industry in our latest report<\/a>.<\/p>\n\n\n\n

Before we get started, it\u2019s important to note that any forecast that relies on data from previous years cannot be relied upon after COVID-19. However, these annual reports also reveal registration and survey data that we have used to build a historical analysis of the drone industry performance.

Scroll through the blog for key insights and click through to download our free<\/strong> report<\/a> titled \u201cHistorical Performance of the American UAS Industry\u201d.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Drone Market Surpasses 1 Million Pilots<\/strong><\/h2>\n\n\n\n

2019 saw the drone industry rush past a significant milestone \u2013 with more than 1.1 million registered drone pilots in the United States<\/strong>. This highlights the great strides and progress of the drone industry.<\/p>\n\n\n\n

These pilots are dominated by consumer aircraft owners, which is just 10,000 pilots shy of reaching 1 million pilots as its own category. We estimate the count of American consumer pilots already surpassed 1 million back in January 2020, before the effects COVID-19.<\/p>\n\n\n\n

Consumer Market Stagnates, Commercial Expansion Continues<\/strong><\/h2>\n\n\n\n

Despite the industry setting a new record, the 2019 growth rates signal upcoming hurdles. The growth of the consumer drone fleet dropped into the single digits for the first time<\/strong>. Similarly, the commercial drone market is not soaring as fast as it used to \u2013 albeit the current growth figures remain impressive around 40%.<\/p>\n\n\n\n

These trends combine together to make the American drone industry more commercial focused than ever before. While the commercial sector of the drone industry made up only 5% of the market back in 2016, it is now just shy of 25%.<\/p>\n\n\n\n

Where Did All the Consumer Drones Go?<\/strong><\/h2>\n\n\n\n

Now that we have historical data, we took this opportunity to assess the accuracy of the FAA\u2019s forecasts. This is NOT an attempt to criticize the FAA, but instead to reflect on the expectations and reality of the market.<\/p>\n\n\n\n

Our report finds that the consumer drone market is severely underperforming against expectations<\/strong>. While we can\u2019t conclusively say what has resulted in this gap, we will be writing about some potential causes in a future blog post.<\/p>\n\n\n\n

\"\"
When comparing the registration of consumer drones versus earlier FAA forecasts, we see the consumer drone has missed its mark<\/figcaption><\/figure>\n\n\n\n

Want to dive deeper into the FAA data and understand the historical performance of the American Drone industry? Head over here to download our free<\/strong> report<\/a> titled \u201cHistorical Performance of the American UAS Industry\u201d.<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"

Last month, the FAA released its updated Aerospace Forecast (2020-2040), an annual report that updates key metrics behind all aspects of the US aerospace \u2013 including U.S Airlines, General Aviation, Commercial Space and UAS. Last year\u2019s forecast brought widespread attention to the acceleration of the UAS industry, but this year\u2019s forecast mostly went unnoticed as the COVID-19 pandemic has … Read more<\/a><\/p>\n","protected":false},"author":56,"featured_media":4100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[46,91,11,77],"yoast_head":"\nNew FAA Data Offers Insight on US Drone Industry Growth - Drone Analyst<\/title>\n<meta name=\"description\" content=\"Drone Industry insights and quantitative research reports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/droneanalyst.com\/2020\/08\/14\/new-faa-data-offers-insight-on-us-drone-industry-growth\/'\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New FAA Data Offers Insight on US Drone Industry Growth - 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