Global law firm Hogan Lovells and others have turned a niche area of law and policy into a growing practice area that is taking advantage of a quickly-developing area of technology, thanks to new federal funding opportunities and a race for technology use case approvals.
Quickly becoming the next big thing in both the consumer and commercial markets, demand and use cases for unmanned aerial vehicles—drones—is growing at a fast pace. Drones can be used as toys, they can assist maintenance crews monitor offshore oil rigs and other hard-to-reach infrastructure, and they have myriad defense and security uses. Analysts at market research firm Brandessence put the drone market at a compound annual growth rate of 12.27%, reaching $40.9 billion by 2027.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]