The US-made drone technology has led a revolution in many areas of application that range from military, climatography, agriculture, mining, journalism, and pipeline. The technology is deployed in border monitoring in the US. It is effective in responding to global threats of terrorism since drone-bombing airliners do not require any pilots aboard to execute attacks on enemies. The technology is highly precise. Hence, equipment fitted with it can be deployed in hazardous situations to generate data. For example, in the area of climate, drones can be deployed to collect data in regions with low or high temperatures without investing in precautionary applications that could be deployed if people would be required to physically interact with such environments. This observation suggests that the future market for drone technology is incredibly promising.
Businesses are identifying the huge potential of drone technology to lower costs. Indeed, companies such as DJI have produced drones that cost between 700 USD and 6500 USD. Such drones have been effectively put into work in economic areas such as agriculture, land surveying, and even in the construction industry. The capabilities of the machines continue to become irresistible following tighter integration and improvement of seamless technology. Companies that produce drones software are more likely to empower businesses on the global arena through the deployment of drone data, which can be converted into actionable forms in a manner that it be shared easily in the form of elevation models produced digitally and in orthomosaic maps (Macroeconomics 8).
The coming years are crucial success times for the drone technology market. Drones have the capacity for continuing to positively influence large industries around the globe. Large enterprises are more likely to adopt technologies such as UAV in their current workflow that emphasizes data resource conservation in the effort to arrive at better decisions. In this endeavor, the drone technology will be embraced by enterprises that operate in large industries such as insurance and agriculture. In the future, such increased demand would increase the need for the model of drone services, especially in the continued effort of building applications for automated analysis aimed at simplifying processes. The current and future federal regulations on commercial drones have a high probability of increasing the demand for drone technology, coupled with opening new markets both locally and internationally.
The future market for drone technology will most likely rise, especially with the integration of features that are found on high-end drones into commercial ones. Such features include auto fly, hovering, return home, and virtual reality, among others. The technology is heading towards drone video streaming and flight filming. In this case, its users have no resistance to the merits of living in complete three-dimensional reality. This advancement is most likely going to boost the future market for the machines when the video streaming becomes cheaper in addition to the increased quality of videos due to the integration of high-precision cameras at a lower cost into the current drones.
Conclusively, the future market for drone technology is promising. This claim is in line with Unmanned Vehicle Systems International Association’s 2015 forecast. The organization estimated that the drone industry would record the tunes of 13.6 billion USD by the end of 2015. Overall, the drone technology presents a high potential for growth following the inclusion of sophisticated features to suit a variety of applications, which can be produced at lower costs.