FAA Releases Aerospace Forecast

FAA Releases Aerospace Forecast
May 1, 2019 Comments Off on FAA Releases Aerospace Forecast FAA,Industry News Admin

The FAA forecast highlights the phenomenal growth of Unmanned Aircraft Systems (UAS), often referred to as drones. The FAA projects the small model UAS fleet to grow from 1.2 million vehicles in 2018 to 1.4 million in 2023, an average annual growth rate of 2.2 percent. The commercial, small non-model UAS fleet is forecast to nearly triple from 277,386 in 2018 to 835,211 in 2023, an average annual growth rate of 24.7 percent.

The FAA aerospace forecast is the industry-wide standard of measurement of U.S. aviation-related activities. The agency uses data, trends and other factors to develop the forecast, including generally accepted economic projections, surveys and information sent by the airlines to the DOT. Additionally, the scope of the report looks at all facets of aviation including commercial air travel, air cargo and private general aviation.

To learn more about the projected growth in aviation, a fact sheet is also available.

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Admin Tim Trott is a Florida Department of Law Enforcement (FDLE) certified instructor (#329775) and has passed the FAA exam for Fundamentals of Instruction. In addition, he holds a Section 333 Exemption (#11636) and is a member of Flight Instructors of North America (FSANA) as well as AUVSI, AMA, AOPA, ALEA, and EAA and is also a student pilot.