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Drone Powered Business Solutions Market Present Scenario and the Growth Prospects

Drone Powered Business Solutions Market Present Scenario

Drone technologies are creating immense potential in new application areas for existing businesses. Its wide scope of application is rapidly driving its adoption in several end-user industries such as agriculture, security and surveillance, infrastructure, media & entertainment among others. Availability of various types of drone-powered solutions and drone functionalities fulfils the requirement of different industries, hence creating demand for drone-powered business solutions by respective industries. Drone-powered business solutions are suitable for those industries which require mobility and large amount of data.

Drones are Unmanned Aerial Vehicles (UAV) which combine the power of robotics and digitization to collect data while moving or do aerial surveys and inspections. Drone inspection facilitates constant data accumulation and also allow photogrammetry which is the science of making 3D models out of measurements taken from photographs. Photogrammetry is expected to create huge opportunities for drones in 3D printing application.

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Rising need for quality data is one of the most important factors driving the drone-powered business solutions market. Industries such as energy, oil & gas and construction are rapidly adopting the usage of drones as they provide high quality images which help companies to do quality inspection, monitoring and maintenance of infrastructure. Drones also capture high quality geo-spatial and photogrammetry data which is used by agriculture industry for understanding topography and vegetation development. Furthermore, drones are very cost-effective compare to other manned aviation and satellites which makes it more desirable for commercial purposes.

The increase in number of drones for commercial purposes is creating threats to the safety of other aerial vehicles and also increasing the risk of collision with air traffic controllers of manned vehicles. These drones also increase privacy concerns. While flying overhead, drones also collect confidential information or personal data and images. This is a widespread concern and various national authorities are working to solve this issue.

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One of the important trends happening in the global drone-powered business solutions market is connecting a commercial drone to a mobile device such as smartphone and tablet. Companies such as DroneDeploy and UGCS (SPH Engineering) have developed mobile apps which can remote control multiple drones from any mobile device. This control is enabled by connecting a 4G telemetry device to a drone’s avionics.

Some of the prominent players in the Drone-Powered Business Solutions market include 3D Robotics Inc. (3DR), Aerialtronics, Airware, Cyberhawk Innovations Limited, CyPhy Works, Inc., FlyWorx LLC, DJI, DroneDeploy.com, Pix4D, PrecisionHawk and senseFly Ltd. (Parrot SA), among others.

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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

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