Local drone firm gets $4.7M in venture capital, maps out future

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    Edgar Munoz and his team believe the future of drones will involve sky taxis, packages being dropped off, security purposes and more — all without human control, totally autonomous. And their idea isn’t too farfetched, according to studies.

    Between now and 2020, the drone industry is forecast to be a $100 billion market, according to a study from multinational finance company Goldman Sachs Group Inc. (NYSE: GS), and within that same time frame, the military will invest $70 billion in the industry, $17 billion will come from consumers and $13 billion from commercial and civil use.