The potential home market for Unmanned Aerial Vehicles (UAVs) could be an attractive opportunity to offset cuts in military spending for defense and aerospace companies.
Currently, there is a national ban in place for the commercial use of UAVs with the FAA scheduled to lift this ban and open the market in September 2015. Hopes for a $90 billion market are pinned to the national airspace actually becoming exploitable, but the road to domestic sales seems increasingly littered with obstacles.
For starters, the FAA will need to meet congressional guidelines and deadlines – and thus far, it is already behind schedule. Domestic drone test sites were due to be established by the end of last year under the FAA Modernization and Reform Act of 2012.
Citing assessment of privacy concerns, the FAA missed the deadline.