What are the Largest Areas of Growth for the Drone Industry?

David Benowitz is the Head of Research for DroneAnalyst, which released a report digging into how the industry performed during COVID-19 and how much hardware was sold in 2020 versus 2019.

“While a lot of people, of course, saw a lot of interest in delivery during COVID-19 — delivering medical devices, etc. — and we definitely saw a lot of growth, we’re really interested to see that across the whole industry.

We’re looking at the markets that currently exist. We’ve seen tremendous growth across the whole industry, with hardware growing from about $2.4 billion USD in 2019 to a much larger $3.5 billion of hardware being sold in 2020.

And, when we start looking at these segments that have grown, the only segment that was hurt by the COVID-19 pandemic was creative professionals, because the film industry pretty much stopped production and, therefore, stopped purchasing drones, as well.

But we saw huge, huge, tremendous growth in consumer, which grew by more than 30%. Enterprise imaging was even higher than that when talking about public safety and industrial applications.

The No. 1 largest growing sector during COVID-19 was agriculture spraying. And, of course, we’ve seen these drones being used for spraying disinfectant for COVID-19, as well. But we’re also seeing the core business of agriculture spraying drones just really take off in Asia and elsewhere where regulations are much more relaxed and where the products are finally meeting customers’ demands.”

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

sustainability impact report
A Look Into MG2’s Sustainability Impact Report
April 22, 2024

When businesses invest in building strategies around a sustainability impact report, it’s a win-win for the environment, the company, and the community the business serves. The architecture and design industries face renewed pressure to innovate sustainably in an era marked by rapid environmental shifts and an escalating climate crisis. As businesses and individuals become […]

Read More
Oosto CEO, Avi Golan, on facial recognition technology
Facilities Housing Vulnerable Populations can Utilize Facial Recognition Technology to Detect and Locate
April 19, 2024

As technology demands evolve and see changes, the area of facial recognition technology can be of great use for vulnerable populations. As it stands, the integration of facial recognition technology and behavior analytics can enhance the safety and operational efficiency in sensitive environments like assisted living facilities.  Avi Golan, CEO at Oosto, and Dieter […]

Read More
Women's empowerment
Seizing the Narrative: The Transformative Impact of Storytelling on Women’s Empowerment
April 19, 2024

With gender equality becoming a significant global agenda, the narrative around women’s empowerment is more relevant than ever. Amid rising awareness and shifting societal norms, women are increasingly seeking avenues for self-expression and empowerment. A recent study by the Global Gender Gap Report highlights that while progress is being made, substantial efforts are still […]

Read More
V2G technology
Plug into the Future: Decoding V2G for Utility Applications
April 19, 2024

Brian Rudy from Verizon IoT and Melissa Chan of Fermata Energy explore the cutting-edge potential of vehicle-to-grid (V2G) technology at DISTRIBUTECH 2024. Their discussion highlights how this innovation transforms electric vehicles into dynamic energy storage units, capable of stabilizing the grid by storing and discharging power as needed. This technology represents a significant shift […]

Read More