BI Intelligence, Business Insider’s premium research service, has compiled a detailed drones report that forecasts sales revenues for consumer, enterprise, and military drones. It also projects the growth of drone shipments for consumers and enterprises.
The report details several of world’s major drone suppliers and examines trends in drone adoption among several leading industries. Finally, it examines the regulatory landscape in several markets and explains how technologies like obstacle avoidance and drone-to-drone communications will impact drone adoption.
Here are some of the key takeaways from the report:
- We project revenues form drones sales to top $12 billion in 2021, up form just over $8 billion last year.
- Shipments of consumer drones will more than quadruple over the next five years, fueled by increasing price competition and new technologies that make flying drones easier for beginners.
- Growth in the enterprise sector will outpace the consumer sector in both shipments and revenues as regulations open up new use cases in the US and EU, the two biggest potential markets for enterprise drones.
- Technologies like geo-fencing and collision avoidance will make flying drones safer and make regulators feel more comfortable with larger numbers of drones taking to the skies.
- Right now FAA regulations have limited commercial drones to a select few industries and applications like aerial surveying in the agriculture, mining, and oil and gas sectors.
- The military sector will continue to lead all other sectors in drone spending during our forecast period thanks to the high cost of military drones and the growing number of countries seeking to acquire them.
In full, the report:
- Compares drone adoption across the consumer, enterprise, and government sectors.
- Breaks down drone regulations across several key markets and explains how they’ve impacted adoption.
- Discusses popular use cases for drones in the enterprise sector, as well as nascent use case that are on the rise.
- Analyzes how different drone manufacturers are trying to differentiate their offerings with better hardware and software components.
- Explains how drone manufacturers are quickly enabling autonomous flight in their products that will be a major boon for drone adoption.
Source: Business Insider