When Joe Biden addressed the nation on Saturday night, drones took to the sky to create an unforgettable show. The inclusion of drones in the show was a surprise but will do so much for the drone industry. What does it mean for the future of drones? Let’s look into it and see what a few people in the industry have to say.
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According to the Allied Market Research report, the global construction drone industry will be worth an estimated $11.96 billion by 2027. The popularity of drones on the job site is forever increasing, thanks to the growing demand for residential and non-residential developments. It is also expected that government infrastructure will help increase the number of drones in the air.
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DroneSec has partnered with DroneALERT to provide customers with advanced threat intelligence reporting and case management tools. The partnership will allow for more accurate reports on malicious drones with the hope to reduce restrictions on drone innovation and adoption.
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Earlier this month, Drone Industry Insights (DII) released its drone industry report, revealing Chinese drone giant DJI to be the top commercial drone manufacturer. The company is closely followed by Chinese company Yuneec and France-headquartered Parrot Drones.
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Drone services provider SkySkopes has just been announced as the No. 1 US drone operator by market analyst Drone Industry Insights. The company was also named as being one of the best drone companies in the world.
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Research firm ABI Research is predicting the drone industry will be worth a whopping $92 billion by 2030 despite COVID shutting down the world. The growth is expected to be a result of Remote ID being rolled out and the use of 5G in drone operations.
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Things are looking up as the drone industry is expected to reach $100 billion by 2020 and even up to $1.5 trillion by 2040 according to Morgan Stanley. Grab a cup of coffee and take a look at this six-minute video from CNBC in which David Reid gives a quick update.
Over the Labor Day Weekend, Bloomberg posted an article that talks about how the drone bubble has burst, wiped out startups, and hammered venture capital firms. Since the start of the decade, many millions of dollars have been generously poured into the unmanned aircraft industry and even though drone applications are still expected to impact a wide variety of businesses, ‘for now, all that over-heated enthusiasm is getting a cold blast of reality.’
On November 14th, 2017, the Federal Aviation Administration publicly released a database with non-identifiable information of every drone registration up to October 31, 2017. Dan Gettinger and Arthur Holland Michel at the Center for the Study of the Drone at Bard College have published a preliminary but detailed analysis of the FAA registration information. They confirm some things that we already knew, such as DJI being the undisputed leader in the drone market as well as some surprising insights. The information released by the FAA shows registrations geographically for both hobbyist and non-hobbyist segments of the drone market.