Mississauga, ON -- (SBWIRE) -- 09/01/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "OxySure Announces Receipt of Commercial Drone Approval from FAA, Shares Spike On News."
Companies mentioned in this article include OxySure Systems Inc. (OTCQB:OXYS).
Radiant Insights said in a report earlier this year that the drones market is expected to grow significantly over the next few years because of the more economic visualization and navigation provided by systems. Visualization includes mapping from the air, inspection from the air, surveillance from the air, and package delivery from the air. Further the report notes that unmanned aircraft systems promise to achieve a more significant aspect of commercial market presence.
According to Radiant Insights, police departments, the oil and gas industry, border patrol, and utilities are all using commercial drones. Importantly, worldwide markets are evolving for several applications, the report adds.
Radiant Insights expects drones to provide billions of dollars in economic growth. The drone markets were valued at $609 million in 2014. They are expected to grow exponentially based on estimates from Radiant Insights. Radiant Insights expects the market to grow to $4.8 billion globally by 2021. However, there are some challenges, including the fact that the use of commercial drones requires Federal Aviation Administration (FAA) approval in the U.S.
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