The Association for Unmanned Vehicle Systems International (AUVSI) unveiled a new study which finds that the unmanned aircraft industry is poised to create more than 70,000 new American jobs in the first three years following the integration of unmanned aircraft systems (UAS) into U.S. national airspace system (NAS).
Integration is scheduled to take place in 2015. Beyond the first three years, the study projects that more than 100,000 new jobs will be created by 2025.
Highlights from the study:-
1. Economic impact of UAS-NAS integration will total more than $13.6 billion in the first three years, and will cumulatively add up into $82.1 billion for the decade from 2015 to 2025.
2. Out of the more than 70,000 jobs created in the first three years, 34,000 or more will be manufacturing jobs. The industry will support 103,776 jobs by 2025.
3. Tax revenue to the states will total more than $482 million in the first 11 years.
4. Every year the UAS-NAS integration is put off results in a loss of $10 billion in economic impact, or $27.6 million per day.
The economic impact and benefits are skewed heavily in favor of a handful of states. The top five are California, Washington, Texas, Florida and Arizona.
California has the biggest slice of the pie, with an economic impact of $2.39 billion and 12,292 jobs by 2017. Washington gets $1.312 billion and 6746 jobs, while Texas is the last member of the billion-dollar impact club with $1.087 billion in economic impact and 5588 jobs.
You can see an interactive map of the state-by-state economic impact here.
‚ÄúThis is an incredibly exciting time for an industry developing technology that will benefit society, as well as the economy,‚Äù said Michael Toscano, president and CEO of AUVSI. ‚ÄúIntegrating UAS into the national airspace will lead to new and expanded uses, which means the creation of quality, high-paying American jobs.‚Äù
The study notes that future events ‚Äì such as the establishment of FAA Test Sites ‚Äì will ultimately determine where many of the tens of thousands of new jobs will flow.
‚ÄúWhile we project more than 100,000 new jobs by 2025, states that create favorable regulatory and business environments for the industry and the technology will likely siphon jobs away from states that do not,‚Äù wrote the report‚Äôs author, Darryl Jenkins, a former professor at George Washington University and Embry Riddle Aeronautical University.
Read the full UAS economic impact report from AUVSI.