With drones being all the rage these days, you may be considering an investment in drone technology. If you are, then I recommend you read “7 Key Facts You Need to Know Before Investing In Drone Technology” written by Ken Long for Forbes. In his article, Ken highlights some key facts that every drone investor should be aware of.
More and more companies are putting drones to work, including tech giants, manufacturers, utilities, and news organizations. With a broad range of practical applications and rapidly evolving technology, drones offer huge untapped potential, but not every market offers equal opportunities for growth.
- The demand for drones in the U.S. is projected to rise 10% annually to $4.4 billion in 2020, and the number of vehicles sold will more than double to 5.5 million.
- The consumer market accounts for 99% of all drones sold in the U.S., but the military market is much larger in dollar terms
- U.S. DoD spending for drones will climb at only a moderate pace over the next five years
- Consumer and commercial drone demand, on the other hand, will boom.
- Demand for rotorcraft will triple in dollar terms through 2020
- “Pure-play” investment options are limited.
- Dont’ worry! There is still time to invest, you haven’t missed your window of opportunity (yet)
- Consider investing in yourself; Learning how operate a drone commercially makes you an in-demand commodity. At Drone Universities, we can prepare you for your FAA Part 107 exam, as well teach you specialized videography and drone based precision agricultural techniques.