Friends, here are few Interesting Articles & Info. on Drone Industry:
As we all know that DJI is the Best and Market leader in Drone, but with surprise the Mobile Co. Xiaomi = Mi is no.3 !!!
And in Top 10, there are 6 Co.s from China !!! 1 from France = parrot on # 2 and only 3 from US.
https://www.droneii.com/top20-drone-company-ranking-q3-2016
We can say that the Drone Industry will be in top few Industries / Technology in coming decade to grow highest along with Article Intelligence, Robotics, IoT, 3D Printing, Renewable Energy, Biotechnology in healthcare, Cloud Computing and Battery Operated Vehicles.
As per reports of Forbs & Gartner:
Considered in the past as a military weapon, drones are now entering every part of society. Sales of drones to businesses and consumers will more than triple to become a $2 billion market by 2020. Better performing and affordable drones will make their way into our airspace within the next several years.
Drone Market Trends and Forecasts
BI Intelligence, Business Insider's premium research service, defines drones as aerial vehicles that can fly autonomously or be piloted by a remote individual. Under that criterion, BI Intelligence expects sales of drones to surpass $12 billion in 2021. That's up by a compound annual growth rate (CAGR) of 7.6% from $8.5 billion in 2016.
Production of drones for personal and commercial use is growing rapidly, with global market revenue expected to increase 34 percent to reach more than $6 billion in 2017 and grow to more than $11.2 billion by 2020, according to a new forecast from Gartner, Inc (see Table 1). Almost three million drones will be produced in 2017, 39 percent more than in 2016 (see Table 2).
This growth will occur across the three main segments of the drone industry: Consumer Drones, Enterprise Drones (also known as Commercial Drones), and Government Drones.
Sales of drones: dollars vs. units
There are currently two major markets for drones with very different growth prospects: the military market, which accounts for the vast majority of demand in dollar terms, and the consumer market, which accounts for over 99 percent of all units sold. US Department of Defense spending for drones is forecast to climb at a moderate pace through 2020 due to tight budgets and a shift in focus to smaller, less expensive vehicles. Consumer and commercial applications, on the other hand, are in the early stages of development. Over the next decade, civilian uses are expected to grow at robust rates similar to those posted by smartphones following the introduction of the iPhone in 2007. However, the military will continue to be a key developer of drone technology.
With so many possible uses for drones, there is a wide spectrum of those that want to use them or sell them:
- Consumers (photography, toys)
- Military & law enforcement
- Software companies
- Utilities (electric, water, natural gas)
- Retailers (Amazon, Best Buy, Toys R Us, Walmart)
- Government agencies
- Insurance companies (State Farm, Allstate)
- Energy suppliers (Exxon Mobil, Shell)
- Farmers
You may like to Read this all reports too:
http://www.gartner.com/newsroom/id/3602317
http://www.businessinsider.com/drone-industry-analysis-market-trends-growth-forecasts-2017-7?IR=T
http://fortune.com/tag/drone-industry/
https://www.recode.net/drones
https://www.recode.net/2017/4/14/14690576/drone-market-share-growth-charts-dji-forecast
http://droneanalyst.com/2016/12/19/commercial-drone-markets-2016-year-in-review/
https://www.cbinsights.com/research/most-well-funded-private-drone-companies/
Cheers!
Chirag Gandhi
"No matter how much you know today, you'll have to know more tomorrow."