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Prospective Industry Growth

Prospective Industry Growth

Remotely piloted vehicles and unmanned aircraft, collectively known as Unmanned Aircraft Systems have revolutionized the military and possess untapped potential in the private and commercial sectors as well. Integrating UAS into the national airspace will provide new and undiscovered opportunities for businesses and could provide enormous profit potential. According to research conducted by the Teal Group Corporation, worldwide annual spending on research, development, testing, and evaluation (RDT&E) and procurement in the UAS industry is expected to rise from $6.6 billion in 2013 to $11.4 billion in 2022.
In the future, private businesses may have the opportunity to use UAS technology for civilian purposes in the agricultural, land surveying, and natural resource sectors.
North Dakota’s varied climate, open terrain, and uncongested airspace along with its extensive farmlands and undeveloped properties rich with oil and gas deposits make it the ideal place for companies to research the limitless applications of UAS technology. 
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