THE DRONE MARKET OPPORTUNITY: Commercial Drones Are On The Horizon And Poised To Drive Big Business

Unlikely as it may seem, commercial drones will soon begin taking on much larger roles for businesses and some individual consumers. The aerial devices will have an impact across a wide variety of industries — from revolutionizing private security, to upending the way online retail orders are delivered, to changing the way farmers manage their crops.

BI Intelligence predicts that 12% of an estimated $US98 billion in cumulative global spending on aerial drones over the next decade will be for commercial purposes.

In a recent report from BI Intelligence, we size the commercial and military drone market to estimate how big the drone industry could become, and which industries are most likely to see drones become part of their business model in the next few years. We also look at what components industries, like GPS and sensors manufacturers, will be part of the drone revolution. And we assess how drone development will proceed in light of stiff safety and privacy concerns and regulatory hurdles.

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Here are some of the issues and opportunities that will impact how the drone industry develops:

In full, the report:

To access BI Intelligence’s full report on Drones, along with BI Intelligence’s in-depth coverage of the mobile, digital media, e-commerce, and payments industries, sign up for a free trial subscription here.

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.

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