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Goldman Sachs estimates that the booming drone industry will be worth $100billion (£78billion) by only next year.

In a video released by CNBC International last week, Goldman Sachs’ statistics also suggest that military drones will account for 70% of the drone industry.

Consumer drones (17%) and commercial and civil drones (13%) make up the rest of the $100bn estimate.

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The video details some of the possible future uses of drones, many already in development.

CNBC International’s David Reid takes a look at the booming industry.

Frankfurt airport has developed a pilotless air taxi in collaboration with Volocopter.

Meanwhile, Amazon has a rival in Alphabet, both of whom are developing drones that will facilitate pilotless deliveries.

CNBC’s David Reid says of drones: “Their growth looks set to soar. Benefits should include an increase in productivity and safety and even new jobs to boost the economy, but how they fly, where they fly and what they’re being used for are all problems to be solved.”

Existing UAV traffic management systems that help avoid crashes in the ever-crowding skies are just one such solution.

Tags : commercial UAVconsumer dronedrone industryMilitary droneoil and gasSky-Dronesvideo
Sam Lewis

The author Sam Lewis

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