Current State of Commercial Drone Industry and Prediction for its Future
Did you know that the commercial drone market is one of the fastest-growing markets in the world; estimated to be worth USD 552 million in the year 2014 and expected to grow at a massive rate of 17% annually till 2022!
More and more companies are realizing the capabilities of drones and its impact on businesses upon implementation. Also called as unmanned aerial vehicles (UAVs), the business applications of UAVs are limitless.
As the technology is advancing, numerous avenues are opening and more companies are making use of commercial drones for their business purposes. Companies need to be well-versed with the rules and regulations when it comes to flying commercial drones. A drone can capture high-resolution video of objects and properties which can be used for marketing purposes and other commercial uses. This can be very helpful in engaging an audience with mind blowing visuals which were unimaginable in the past.
What are the Commercial Uses of Drones?
Often, individuals or companies are not completely aware of all the commercial uses of drones. Companies need to understand the exact limitations of using a drone for their commercial needs. Some of the popular commercial drone uses, include -
Taking videos or photos from the drone
Using drones to provide professional services such as telecommunications or security
Using drones to provide contract services such as inspection of factory or industrial equipment
Using a drone to monitor the progress of the company's performance
What are the Requirements for Flying Commercial Drones?
The business applications of UAVs are abundant. Commercial drones need certain requirements which need to be fulfilled before you start using drones for commercial use. Here is a list of requirements needed to fly a US commercial drone -
The remote pilot should be at the minimum age of 16 years
The pilot must have a remote pilot airman certificate along with a small UAV rating or at least supervised by someone who holds the certificate
The remote pilot must have passed the Transportation Security Administration vetting
The UAV must weigh less than 55 pounds and must undergo a pre-flight check by the remote pilot
The required Air traffic Controller (ATC) permission should be attained to fly the drone on different types of airspaces
Current State of the Commercial Drone Industry
Being one of the fastest growing industries, the commercial drones market has not slowed down waiting for the government rules and regulations to fall into place. The growing ecosystem of drone hardware and software vendors are already catering to the huge markets in the field of agriculture, energy, land management, real estate, etc. Not only are small private firms or startups taking interest in using commercial drones, but large organizations and industries are also investing in commercial drone technologies.
The field of aerial imaging and data analysis is also booming . The key industries which are making use of drones commercially right now include filming, agriculture, media, oil and gas, etc. The industry continues to grow and innovate key applications using drones that will drive the market growth and produce a considerable return on investment.
Commercial Drone Industry Predictions for the Future
The massive growth in commercial drone industry has opened several opportunities for companies to try out new applications and find ways to improve their business operations. So, what does the future hold for commercial drone industry? Some of the predictions for this industry are listed here -
The drone sales will massively increase from $8 billion in 2015 and reach and a staggering figure of $12 billion by the year 2021
Consumer drone shipments will increase almost up to four times by 2021 which will be driven by increased price competitions and newer features to make it easier for the beginners
With new government regulations, the enterprise market is all set to overtake the sales of drones from the consumer market
Drone flying will get safer in the future with new technologies such as collision avoidance and geo-fencing coming up
Right now, the rules and regulations for commercial drone flying is limited to a few industries but this will change in the coming years
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So, if you are planning to explore drone technology, then just get in touch with us now to discuss your business needs.