Drones are changing the way we do things
Drone technologies transform business models and reshape industry landscapes ranging from agriculture to filmmaking. In the very near future, end customers in most industries will witness impact of drones on the way companies do business – from the way they receive deliveries to how they interact with insurance companies.As I have previously published in this blog, drone applications are penetrating new industries almost on a daily basis (see FAA filings for Drone use) and even creating entirely new business models.
Last night PricewaterhouseCoopers published an extensive report on commercial drone application. The numbers are astonishing:
Breakdown of drone application impact by industry
Visual on breakdown:
Drone application and how they transform industries
Commercial applications of drone technology
For these, willing to read into matter, I recommend the PWC’s 40 page report “Clarity from above PwC global report on the commercial applications of drone technology”, which you can download free of charge by registering here.
UAVs (Unmanned Aerial Vehicles) were used commercially for the first time in Japan at the beginning of the 1980s, when unmanned helicopters proved to be an efficient way of supplementing piloted helicopters to spray pesticides on rice fields. At that time, remote aircraft technology was expensive and cumbersome.
Progress has surged forward in technological capabilities, regulations and investment support, providing many new possible applications, particularly in agriculture, infrastructure, security, transport, media & entertainment, telecommunications, mining and insurance. The application of drone technologies in existing business processes is allowing companies from those industries to create new business and operating models.
Each industry has diverse needs, and as a consequence requires different types of drone-powered solutions, and various drone functionalities. Some of them value flight speed and payload capacity, while others wish to concentrate on solutions delivering high-quality, real-time data in a cost-effective way.
Considering the breadth of potential applications, we wanted to understand what the future value of the global drone powered solutions market could be. As data sources regarding its current value are rather scarce, we decided to show the potential of addressable markets.