Drone manufacturers have achieved amazing milestones in device capability and sales growth derived from a decade-long head start. By 2019, aerial drones had evolved from hobbyist activity to proof of commercial concept to a key component of agriculture, real estate, photography, and entertainment industries. This era of tech speculation and economic proof also sparked a renewed interest in another area of innovative commercial flight.
Drones in Aviation: By 2020, billions in investments began to flow into the development of electronic passenger/cargo-specific aerial vehicles – in the category of electronic vertical takeoff and lift aircraft – eVTOL. In 2020, the majority of manufacturers may have been barely a decade old or did not exist at all a year or two before.
Each of these companies leveraged years of research and development by engineers and dreamers who continued to build upon the technological probabilities and social mindset for urban flight, and then investors finally caught on.
While capital doesn’t necessarily equate to progress in the UAM vehicle race, this resource boost is occurring alongside a national regulatory and engineering push to modify the aerospace industry for safe, beneficial use of these new aerial device capabilities.
Drone in Services: When the drone market splits into three segments (hardware, software, and services), it becomes clear that it is transitioning to a service-oriented market. Roughly 78% of global drone-related revenue is generated through services rather than hardware or software.
The DaaS segment is set to grow at a rate of 9.6% CAGR and reach US$30.7 billion by 2026. Business-internal drone activities mainly drive the service segment, i.e., companies that use drone technology for their internal business processes. This share is over 70% within services today and will increase in the future.
The second-largest and fastest-growing share is held by so-called Drone-Service-Providers (DSPs), who offer their services to third parties (including deliveries, inspections, and many other applications).
Drones for air mobility will be there in the forefront to help us navigate the future, by bringing change to the security market. The goal is to combine security guard intervention with innovative aerial robotic security systems. This standardized use of airspace solution will make the transportation seamless.