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The marketplace for commercial drones could be worth $10 billion within three years, according to industry analysts. Drones are already widely used in the military, but analysts anticipate these unmanned aircraft systems could have broad commercial applications in the public and private sector, United Press International reported.
Modern Technology Solutions, an engineering firm that specializes in drone systems and ballistic missile defense, recently announced it plans to expand its drone platforms into the commercial market. The company said growth in this area has been slow so far, due to a lack of regulations to govern how commercial drones should occupy American airspace, according to UPI.
Modern Technology Solutions has provided services to a number of government agencies, including the Federal Aviation Administration, NASA, the Pentagon and the Department of Homeland Security.