The drone market is expanding fast — for both professional and hobbyist users — now it appears GoPro (NASDAQ:GPRO) is making an entrance into the market.
According to a report by The Wall Street Journal GoPro is looking to enter the drone market with a variety of products priced between $500 and $1000. The report did not specify an exact market entry date, only saying “late 2015”.
While GoPro’s products are currently limited to cameras, the company already has a strong presence within the drone market. Its HD-cameras are attached to many drones already, and some companies bundle the two together. GoPro will likely market the devices as an “aerial extension” to its existing products.
Even though the drone market has rapidly expanded over the past half-decade, new regulations being considered by the FAA may dampen future growth prospects of the market. Reportedly, the regulator may require drone operators — even amateurs — to have a license. Exact details of the licensing regime have yet to be worked out, though some reports say the standards may be as high as having a full pilot’s license.
The drone market is expected to reach $2.2 billion in revenue this year, and $10 billion by 2025.
For its part GoPro has not commented on the report.