• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • DroneRacingLife
  • DroneFlyers
  • Newsletter
DroneLife

DRONELIFE

Stay up to date on all the latest Drone News

  • News
  • Products
  • Industries
    • Agriculture
    • Construction
    • Delivery
    • Dual Use
    • Inspection
    • Public Safety
    • Surveying
  • Enthusiasts
  • Regulations
  • Business
  • Video
  • Podcasts

The Commercial Drone Industry: Bubble Burst, or Billion Dollar Industry? What the Data Says

February 12, 2020 by Miriam McNabb 4 Comments

Answering questions about a new industry is challenging: data can be hard to come by.  Media guesses range from “game over” to “billion dollar growth industry.”  That’s why DroneDeploy’s industry report has value: with a five year history and a robust client list, the leading drone mapping platform is in a position to gather data from their customers and compare it over time.

DroneDeploy recently surveyed 145 customers across 10+ industries, including Oil & Gas, Agriculture, Mining, Roofing, Construction, Solar Energy and more, asking how they drones and drones software and how they are benefiting from this technology.  (You can download the report for free, here.)

Expected – and Unexpected – Use Cases

Drones and drone mapping platforms show clear benefits and have established use cases in construction, insurance, agriculture and insurance.  DroneDeploy is seeing more and more use cases that we haven’t thought of before.  One big 10 university, for example, is using drone technology for applications that range from facility maintenance to security.  With more than 2000 acres to manage, they’re using drones and DroneDeploy to manage their lawns – and to go further:

The university aims to track year-over-year erosion and tree lean through DroneDeploy. This will bring even more cost savings and campus security, as the university’s team will be able to spot and address trees that could potentially fall and damage campus buildings or harm students.

One major hotel chain has found benefit in using drone technology to manage and monitor sites around the globe – allowing executives who sit in a central office to make informed decisions about maintenance, security, and new buildings.

Drones May Be “Ubiquitous”

The vast majority of customers said they expect both their use of drones and the use of drones in general to increase.  Some key takeaways from the report:

  • 92% expect drones to become more common in their industry by 2020.

    • Over half noted, “much more common” and a quarter noted “ubiquitous”

  • 90% expect to increase their spend on drones / drone software in 2020.

  • Downside protection across various categories drives 69% of use cases, including increased safety (29%), risk management (21%), and compliance (19%).

  • Nearly two-thirds of respondents said that they use drones to “improve operations” and “increase productivity”.

  • Respondents noted the top three benefits were innovation (59%), increased efficiency/speed (57%), and cost-effectiveness (50%).

    • Over half said DroneDeploy saved them money in 2019

While most customers already using drones expect their use to increase, there remain many companies slow to adopt, says the report:

…this efficiency and optimization have lagged in the business world, where big corporations can be slow to change and adopt new technologies. An MIT study, for example, found that 63% of companies are too slow to change their technology. Drones and drone software is growing rapidly but still is leveraged by just a small percentage of companies.

As drones keep proving their competitive advantage, however, that will change – which looks to us like lots of room for upside, and continued expansion.

Miriam McNabb

Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, a professional drone services marketplace, and a fascinated observer of the emerging drone industry and the regulatory environment for drones. Miriam has penned over 3,000 articles focused on the commercial drone space and is an international speaker and recognized figure in the industry.  Miriam has a degree from the University of Chicago and over 20 years of experience in high tech sales and marketing for new technologies.
For drone industry consulting or writing, Email Miriam.

TWITTER:@spaldingbarker

Subscribe to DroneLife here.

Filed Under: Drone News Feeds, News Tagged With: Commercial Drones, drone adoption, Drone Industry, DroneDeploy

Reader Interactions

Trackbacks

  1. The Commercial Drone Industry: Bubble Burst, or Billion Dollar Industry? What the Data Says | Drone News says:
    February 17, 2020 at 4:40 am

    […] Source link […]

    Reply
  2. » The Commercial Drone Industry: Bubble Burst, or Billion Dollar Industry? What the Data Says – DroneLifesolarequipmentinstaller.com says:
    February 12, 2020 at 3:44 pm

    […] Source: https://dronelife.com/2020/02/12/the-commercial-drone-industry-bubble-burst-or-billion-dollar-indust… […]

    Reply
  3. The Commercial Drone Industry: Bubble Burst, or Billion Dollar Industry? What the Data Says - taktik(z) Staging says:
    February 12, 2020 at 1:39 pm

    […] Source: DroneLife […]

    Reply
  4. The Commercial Drone Industry: Bubble Burst, or Billion Dollar Industry? What the Data Says | Drone Magazine says:
    February 12, 2020 at 1:25 pm

    […] Source […]

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

LATEST

AirData UAV and LeoSight Bring Live Drone Data for DFR Programs

The new LeoSight AirData integration streams real-time flight data, telemetry, and operational insights from AirData directly into LeoCommand, giving dispatchers…

Continue Reading AirData UAV and LeoSight Bring Live Drone Data for DFR Programs

New Boson SX8 Brings High-Resolution Thermal Imaging to NDAA-Compliant Drone Payloads

New thermal imaging module combines SXGA resolution with compact size and U.S. manufacturing Teledyne FLIR OEM has announced the Boson…

Continue Reading New Boson SX8 Brings High-Resolution Thermal Imaging to NDAA-Compliant Drone Payloads

The Next Drone Supply Chain Challenge: Rare Earth Magnets

Bipartisan legislation aims to reduce dependence on China for a critical component inside drone motors A new bipartisan bill introduced…

Continue Reading The Next Drone Supply Chain Challenge: Rare Earth Magnets

DRONELIFE Exclusive Interview: Andrew Giuliani on the Race to Secure the 2026 World Cup

Giulliani lauds ‘Herculean’ effort to build counter-UAS systems By DRONELIFE Features Editor Jim Magill (Editor’s note: This story is part…

Continue Reading DRONELIFE Exclusive Interview: Andrew Giuliani on the Race to Secure the 2026 World Cup

MFE Launches Robotic Gas Detection for Boston Dynamics’ Spot

A new integration streams Blackline Safety’s connected gas data from the Spot quadruped to Blackline Live, layering robotic atmospheric awareness…

Continue Reading MFE Launches Robotic Gas Detection for Boston Dynamics’ Spot

Wing and Walmart Add Seven New Drone Delivery Markets

The partners named Memphis, New Orleans, Philadelphia, Phoenix, San Diego, the San Francisco Bay Area, and Salt Lake City as…

Continue Reading Wing and Walmart Add Seven New Drone Delivery Markets

FCC Expands Drone Exemptions as Product-by-Product Security Review Takes Shape

VEX AIR receives conditional approval through December 2026 as federal agencies continue evaluating individual UAS outside broad Covered List restrictions…

Continue Reading FCC Expands Drone Exemptions as Product-by-Product Security Review Takes Shape

Quantum Cyber Signs LOI for Connecticut Manufacturing Facility as Drone Firms Pursue Domestic Production

Proposed acquisition reflects broader industry shift toward U.S.-based drone manufacturing and vertically integrated supply chains Quantum Cyber (NASDAQ:QUCY) has signed…

Continue Reading Quantum Cyber Signs LOI for Connecticut Manufacturing Facility as Drone Firms Pursue Domestic Production

What Comes After China? Ukraine’s Growing Role in the U.S. Drone Industry

As Washington pushes for secure drone supply chains, a growing number of U.S.-Ukraine partnerships suggest a new model may already…

Continue Reading What Comes After China? Ukraine’s Growing Role in the U.S. Drone Industry

FBI, DHS Take On the Challenge of Building Counter-UAS System

(Editor’s note: This story is part of a series of reports on efforts to establish new counter-UAS protocols in the…

Continue Reading FBI, DHS Take On the Challenge of Building Counter-UAS System

Secondary Sidebar

Footer

SPONSORED

Inspired Flight Gremsy IF800 VIO F1 drones geo week

What Will It Take to Strengthen U.S. Drone Manufacturing? A Conversation with Inspired Flight’s CEO

Global Mapper Mobile data collection

Collection Ground Control Points with Global Mapper Mobile

Military Drone Mapping Solutions

How SimActive’s Correlator3D™ is Revolutionizing Military Mapping: An Exclusive Interview with CEO Philippe Simard

Photogrammetry Accuracy Standards

SimActive Photogrammetry Software: Enabling Users to Meet Accuracy Standards for Over 20 Years

NACT Engineering Parrot ANAFI tether indoor shot

Smart Tether for Parrot ANAFI USA from NACT Engineering

Blue Marble, features global mapper, features Blue Marble

Check Out These New Features in Global Mapper v25 from Blue Marble

About Us | Contact Us | Advertise With Us | Write for Us | Privacy Policy | Terms of Service

The Trusted Source for the Business of Drones.

This website uses cookies and third party services. By clicking OK, you are agreeing to our privacy policy. ACCEPT

Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT