Drone market outlook for 2019

by Michael Singer / CEO DroneView Technologies

Looking back over the past year we see clear evidence that drones have moved from questionable fringe products to mainstream productivity tools. Their use cases are plentiful and have been broadly embraced and implemented in production workflows by organizations large and small for mapping, inspection, cinematography, public safety, among numerous other uses.
The drone product market, led by DJI, continues to experience increased performance capabilities with falling product costs, similar to what we witnessed over the last several decades  in the personal computer industry.
High end and very expensive drone products and sensors including LiDAR, thermal and PPK/RTK solutions are emerging into the mainstream with more affordable costs and tremendous capabilities.
The drone industry “hype” is dissipating. Successful drone service providers are bringing specialized subject matter expertise to their customers and are adding real, sustainable value. Those that cannot do this are disappearing. Significant venture capital has been raised in the drone industry over the past few years ago and now the race is on for these companies to find a real and sustainable path to profitability.
  1. Drones are here to stay and will become increasingly more relevant and valuable in mainstream business workflows.
  2. Drones used for surveying/mapping will continue to be the largest market for commercial drone use.
  3. LiDAR sensors on drones will become increasingly more prevalent as their costs continue to fall.
  4. Workflows leveraging RTK/PPK solutions will become more widespread and lead to improved mapping project efficiency and accuracy.
  5. As companies move from trial drone projects to widespread use of drones in production, “hybrid workflows” will evolve – using internal company resources for some of the drone image acquisition and relying on third party providers with survey/engineering expertise to do the photogrammetric processing and create client specific deliverables.
  6. Anti-drone solutions will become more prevalent, with heightened interest at airports, prisons, stadiums, etc.
  7. Drone industry consolidation will increase through acquisition, strategic partnerships and company failures.
  8. Drone operations Beyond Visual Line of Site (BVLOS) will experience increased FAA waivers (permission) in specialized use cases leading the way for the potential in future years for drone delivery and industrial use in long corridor applications.
  9. Exploration for a viable long term solution for drone registration and tracking will gain momentum with expected implementation several years away.

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