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Freedonia sees positive future for US safety and security drones

May 9, 2018Spencer Ives

CLEVELAND, Ohio—The market for drones in safety and security applications in the U.S. has a bright future, according to a report from The Freedonia Group, a research firm based here. The company predicts the market to reach a value of about $1 billion by 2022.Freedonia valued the safety and security drone market at $145 million in 2016 and the firm expects it to grow to $250 million, “then we're going to have it more than quadrupling from that point into 2022,” Jennifer Christ,...

Jennifer Christ, The Freedonia Group