The commercial-drone industry is still young but has begun to see some consolidation and major investments from large industrial conglomerates.
Sourced through Scoop.it from: uk.businessinsider.com
Some of the world’s top industrial firms — including Qualcomm, Intel, GE, and Boeing — have already invested in startups focused on drones, and the space is heating up as venture-capital money and international firms pile in. The industry will generating $2.3 billion in investments in the US market in 2016.
Here are some of the main takeaways from the report:
- The global commercial drone market will take shape around applications in a handful of industries: agriculture, energy, utilities, mining, construction, real estate, news media, and film production.
- Most growth in the drone industry is on the commercial/civilian side, as the shift away from the military market gains momentum. The market for commercial/civilian drones will grow at a compound annual growth rate (CAGR) of 19% between 2015 and 2020, compared with 5% growth on the military side.
- E-commerce and package delivery will not be an early focus of the drone industry.
- Legacy drone manufacturers focused mostly on military clients do not have a natural advantage in the fast-evolving civilian drone market.
- Proposed US regulation would effectively end the ban on commercial drone flights and would allow low-altitude flights of small drones within view of a ground-based pilot. The rules are unlikely to be finalized before early 2017. Some believe it will happen earlier. But we believe it most likely that widespread though heavily restricted commercial UAV flights will become routine sometime that year.
- Technology barriers are at once a roadblock and a huge business opportunity.
- Many of the notable early commercial UAV manufacturers are emerging outside of the US market: These include Switzerland-based senseFly (owned by France-based Parrot), Canadian firm Aeryon, publicly traded Swedish firm CybAero, Shenzhen, China-based DJI, and Korea-based Gryphon.
- The commercial-drone industry is still young but has begun to see some consolidation and major investments from large industrial conglomerates, chip companies, and defense contractors.