Advances in commercial drone technology are opening up new growth opportunities for the space industry, which has an often underappreciated synergistic relationship with uncrewed aerial vehicles.
The fast-evolving market for drones attracted $1.4 billion in venture capital investment in 2020, according to data from early-stage space technology investor Seraphim Capital.
That’s roughly double the amount of capital it recorded in 2019, a sign startups looking to provide services ranging from drone deliveries to building inspections are gaining traction.
Clearing regulatory hurdles so drones can fly autonomously beyond visual line of sight (VLOS), where they can then carry out tasks without human intervention, marks the next step in the market’s evolution — and satellite communications are crucial for making this a reality.
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