from Market Watch
Commercial and consumer drones are coming and they’re coming fast.
In Marketwatch’s Revolution Investing Newsletter, I’ve been highlighting companies that will benefit from the many applications and markets that are about to be created as drones become mainstream over the next few years. Like it or not.
See, the most obvious applications for drones is agricultural, law enforcement and search and rescue missions. But drones (and to a further extent, robots) will also be patrolling campuses, driving buses, delivering packages and who knows what else. The cost of the components, technologies as well as the platforms that drones and robots run on are dropping to price points that make mainstream adoption inevitable.
I personally have had many hours of enjoyment as well as incredible high definition video footage from the DJI Phantom 2 quadcopter drone I recently purchased from Amazon.
A friend of mine asked me about other possible applications for drones so I reminded him of the times we felt lost in the wilderness in upstate New York while camping and hiking. Will lost hikers become mostly be a thing of the past? In a few years, campers and hikers will throw a drone up in the air to get a visual on their surroundings and routes. The cost will be less than $100 for a cheap aerial hiking drone that takes snapshots and you’ll be able to get a really advanced one from Garmin and others in a few years for $1,000 or more if you want all the features they’ll have by then.
So without any further ado, here are three publicly-traded companies that will directly benefit from the burgeoning drone revolution.
Continue Reading at MarketWatch.com…
Alan is serial entrepreneur, active angel investor, and a drone enthusiast. He co-founded DRONELIFE.com to address the emerging commercial market for drones and drone technology. Prior to DRONELIFE.com, Alan co-founded Where.com, ThinkingScreen Media, and Nurse.com. Recently, Alan has co-founded Crowditz.com, a leader in Equity Crowdfunding Data, Analytics, and Insights. Alan can be reached at alan(at)dronelife.com