Commercial drone usage to accelerate growth throughout next 10 years

Services like analytics, unmanned traffic management, flight management, and repair are all increasing as the use of drones is scaled up

Commercial drone usage to accelerate growth throughout next 10 years. Source: shutterstock.com

According to a new report by ABI Research, commercial drone usage, especially in the industrial space, will be a source of accelerating growth throughout the next decade with $101 billion in revenue being created annually by 2030 across the commercial, military, civil, and consumer sectors.

The consumer drone market has become heavily commoditized through the advancements and price point advantages pushed through by Chinese giant DJI, which has taken a commanding majority of all consumer-related drone hardware. With interest in the consumer space somewhat deflating, value continues to shift away from the drone toward value-added services for the enterprise
Rian Whitton, Senior Analyst at ABI Research

Services like analytics, unmanned traffic management, flight management, and repair are all increasing as the use of drones is scaled up to provide affordable and ubiquitous aerial imagery for verticals like construction, energy, and industrial inspection.

While Amazon thinks it can get a 15-mile drone delivery going within 2019, there are still certificates needed from the FAA, including Part 135, authorization to operate an airline. They have so far cleared one regulatory hurdle, however, receiving a certificate of airworthiness from the FAA. Overall, their ambition to make a drone delivery service in 2019 will be likely delayed by months. But with successfully tested drone-deliveries in the US, UK, Iceland, China, Indonesia, and Africa (for emergency aid), the use-cases have value. So much so that drone-deliveries are expected to reach global revenues of up to US$10 billion by 2030, accounting for 14% of all commercial sUAS revenue
Rian Whitton, Senior Analyst at ABI Research

Before any of this is likely to occur, serious challenges facing the development of Unmanned Traffic Management (UTM) need to be addressed. One is simply tracking and applying registration numbers to the multitude of drones that are already in the air. Another is the deficiency in effective communication link technology for long-range BVLOS operations.

We are not likely to see ubiquitous drone delivery, flying taxi services, or a massive consumer market for drones in the way people perhaps thought in 2015. Instead, the growth in the drone industry will be dependent providing cost-effective three-dimensional aerial imagery and indices to industries and verticals that previously had no access to it, namely construction, mining, high-value energy assets, and infrastructure
Rian Whitton, Senior Analyst at ABI Research

SEE ALSO: Top 10 uses for drones

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