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Parrot’s Drone Revenues Up 356% Year-Over-Year

May 13, 2015 by Alan Phillips 2 Comments

(Source: techcrunch.com)  

Parrot saw a big bump in drone sales between its first quarter for 2015, and the same period last year – there was a 356 percent increase in revenue derived from the category between those two measurement spans, with consumer drones leading the big increase with 483 percent revenue growth. Pro drones, like Parrot’s eBee Ag agricultural model, also saw revenues rise 164 percent overall.

These are huge increases in a particular category that has benefited from being in the limelight, as major players like Amazon continue to pursue their efforts to make delivery drones a reality, and as domestic players like Skycatch continue to help push the issue of commercial drone regulation forward at home in the U.S.

Increased attention for how drones might be used in commercial settings are clearly helping raise consumer consciousness when it comes to the category, too, as evidenced not just by these numbers, but also by the entry of new players to the market, and the acceleration of the frequency of product releases from established companies like Parrot, as well as DJI and others.

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Parrot’s numbers need to be taken in context, of course; The increase for the consumer segment was from € 7.6 million in Q1 2014, to € 34.6 million in Q1 2015, so we’re not talking about the kind of numbers driven by the industry-leading smartphones. But that percentage increase is still incredibly steep, and if the pace of growth keeps up, consumer drones could become a significant product category very quickly.

As a result of the success of its consumer drone push, which included the launch of low-cost, fun entry-level devices like the Parrot Rolling Sumo and Jumping Spider, the company said in its earnings that it will be pursuing accelerated R&D efforts in that area in order to capitalize and stay competitive in the increasingly crowded market. The company also cites the Bebop’s launch late last year as a key ingredient in its sales success.

Continue Reading at techcrunch.com…

Alan Phillips
Alan Phillips

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

Filed Under: News Tagged With: eBee Ag

Reader Interactions

Comments

  1. Bob says

    May 15, 2015 at 12:13 pm

    Hi,

    his is a general question concerning fly-ability and control of quadcopers at altitude. I am currently living in Lima, Peru and will be starting an aerial video and photography business. This opportunity will focus on real estate, construction and mapping.

    Lima is at sea level. So I would think that quadcopter control issues would not be a problem. But in the next year I will be relocating my business to Cuenca, Ecuador. Cuenca’s elevation is between 8,300 and 8,500 feet above sea level. I was wonder what impact that will have on fly-ability and control at that altitude. My drone of choice will probably be the Phantom 3 Pro. Any and all comments would be grateful.

    Regards,

    Bob Ross

    Reply
    • Andrew Amato says

      May 18, 2015 at 10:17 am

      You should be ok, just make sure you are properly calibrated every time you fly!

      Reply

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