Friday, October 20, 2017 10:22:02 AM
•In a 2017 report, Goldman Sachs identified the total addressable market for agriculture drones at $5.9 billion over the next five years.
•The United Nations Food and Agriculture Organization (“FAO”) projects that the world will require 70% more food production by 2050 in order to keep up with population growth.
•Goldman Sachs suggests that the commercial Unmanned Aerial Vehicle industry has a $21 billion total addressable market with an estimated triple-digit compounded annual growth rate from 2016 to 2020.
•PricewaterhouseCoopers pegs the addressable market for agriculture drones at $32.4 billion, second only to the infrastructure sector.
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