Increasing numbers of enterprises are using drones in their everyday functions, and among them are manufacturing firms, news organizations, tech companies, utility giants and more. Because they have seemingly endless uses and swiftly advancing technological capabilities, the potential of drones may no few bounds. Of course, not all business sectors can take advantage of drones to the same degree. The following paragraphs outline some crucial information and key predictions to bear in mind prior to making an investment in drones.
1.Drone demand across the United States is predicted to reach $4.4 billion a year by 2020, with an accompanying increase in the total number of drones sold.
2. In the American market, consumer sales of drones comprises 99 percent of all such transactions, though the market for military drones exceeds the dollar value of those sales to a significant degree. The reason for this is simply that military drones are far more expensive than commercial versions. Government drones can run upwards of $1 million apiece, whereas consumer drones may cost anywhere from $100 to $10,000 or even more, depending on their level of sophistication.
3. Drone spending by the United States Department of Defense is slated to grow by just a moderate degree in the next five years, a fact that is due to budget restrictions and a move to more cost-effective, smaller types of aircraft.
4. Conversely, the demand for commercial and consumer drones is expected to grow exponentially. Because drones for civilian use are essentially still in their infancy, technological advances yet to come will likely cause a sales boom to occur in the near future. This will also mean that drone stocks will rise dramatically.
5. Rotorcraft demand and popularity are anticipated to see a tripling sales volumes from now until 2020. This will be driven in large part by growth in the commercial market space. Machines in this category include helicopters, quadcopters and other type of aircraft with rotary wind assemblies. Once we reach 2025, rotocraft are almost certain to represent the most significant portion of unmanned aircraft sales both in terms of dollar amounts and unit volumes.