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The Future of Commercial Drones Is Bright

It is estimated that the commercial drone industry will make up 12 percent of the projected $98 billion cumulative global spending in the next decade. Military applications currently take up the majority of the global UAV market, however, commercial applications are set to skyrocket by 2020.

Emerging Applications for Drones

  • Advertising, especially for small businesses
  • Governmental
  • Retail
  • E-Commerce (Shipping and delivery)
  • Agriculture (Research and Farming)
  • Entertainment (Aerial Photo/Video)
  • Security

In addition to the many applications for commercial drones, the companies that manufacture different components and software needed to operate the drones will also be booming.

Drone Technology

  • GPS
  • Collision avoidance
  • Motion tracking
  • Software systems

The impending explosion of the drone industry is sure to have an effect on almost every market. The innovation of drone technology will make many tasks and jobs more time and cost efficient. Job creation and the vastness of possibilities that drone technology is capable of makes it a very attractive future market to look into. Check out the infographic below to visualize just how lucrative the drone industry is set to be.

Infographic

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