Uncrewed aerial vehicles (UAVs) or unmanned aircraft systems are terms for drones (UASes). In essence, a drone is a flying robot that can be operated remotely or fly autonomously using software-controlled flight plans in embedded systems in conjunction with onboard sensors and GPS.
Drone business statistics
There’s no denying the recent surge in drone industry growth. The drone services market is projected to reach $63.6 billion by 2025. Insider Intelligence expects consumer drone shipments to reach 29 million by 2021.
According to Statista, sales of commercial drones in the United States to dealers exceeded $1.25 billion in 2020. The total drone market is expected to be worth $100 billion, according to Goldman Sachs, thanks to rising commercial and government growth for drones.
Insider Intelligence estimates that total global shipments will hit 2.4 million in 2023, rising at a compound annual growth rate of 66.8%. (CAGR). Agriculture, construction and mining, insurance, media and telecommunications, as well as law enforcement are the five key segments of the enterprise industry where drones can expand.
Drone business opportunities
Drones have a wide range of possible business applications. Some of the ways people are getting into the drone industry are mentioned below.
Business of drone photography
One of the key components of the drone services industry is aerial photography. Aerial imaging is used in several sectors to capture digital data. Drone photography is used in the architecture, oil and gas, and civil engineering sectors, such as data collection, asset management, and aerial mapping.
Agriculture inspection and manning business
Farmers can cut the variable cost of manually inspecting their farms in half by using drones. UAVs can also be used to identify pests and blights, crop health and weed detection, and agricultural applications like fertilizer, pesticides, and water distribution.
Drone repair service
In most emerging industries, there is a need for maintenance and repair staff. With the growing consumption of drones worldwide, a good drone repair service would never be short on jobs.
Fixing drones may not seem to be the most innovative business opportunity in the industry. Still, it may be a great way to undercut the competition and expand rapidly in this niche.
Small companies will benefit greatly from drones if they follow local rules and regulations. Drones can distribute daily goods, repair products, commodities, and perform minor tasks. The removal of intermediaries and resources for simple jobs (such as deliveries and pick-ups) will help many companies better make use of their budget.
Drones business for real estate industry
Drone technology is gaining popularity in the real estate industry. Businesses can offer customers video tours created by drones. To illustrate, real estate agencies may let their drones fly through corridors and over rooftops in order to produce a more immersive experience for consumers than conventional real estate photography.
Other drone business opportunities
In addition to the above, the following are several other drone market opportunities to consider:
- Fast Food Delivery: use drones for pizza delivery.
- Item Delivery: use drones for tracking exterior damage on roofs, chimneys, siding, concrete, and other materials during a residential home inspection.
- Drone Delivery Methods: use drones for creating a delivery system, such as a drop, parachute, hoist, or landing, to solve the “last 50 feet dilemma.”
Drone benefits advertising and inventory management
Drones have also offered businesses unique benefits namely intelligence collection and data mining. Walmart, for example, is experimenting with drones to see how they can assist with warehouse inventory management.
Aside from that, drones can be used for advertising campaigns by carrying advertising banners and filming aerial footage campaigns, which empowers businesses to gain maximum visibility.
Drone is a new technology that has greatly been supporting many businesses from agriculture to retail stores to develop their process, cut down costs, and save time. Have you ever thought about adopting drones for your business?
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