Game of Drones: As US Dithers, Rivals Get a Head Start

Amanda Parker writes Drones, or unmanned aerial vehicles (UAVs), are a hot ticket in Silicon Valley, but U.S. government dithering over regulations has given overseas companies a head-start in figuring out how best to exploit them. Global spending on drones could add up to close to $100 billion over the next decade, with commercial uses — from farming and filming to pipelines and parcels — accounting for around an eighth of that market, according to BI Intelligence. But for years, the Federal Aviation Administration (FAA), the authority largely responsible for regulation in the United States, has dragged its feet, only last month issuing draft rules on who can fly drones, how and where. It's likely to be a year or more before the regulations are in place — good news for companies operating outside the U.S. and looking to build a business around drones.