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Startups working on drones are getting more venture capital money and from industrial firms. By 2016, the industry will be generating $2.3 billion investments in the US market.

by BI Intelligence

Some of the world’s top industrial firms — including Qualcomm, Intel, GE, and Boeing — have already invested in startups focused on drones, and the space is heating up as venture-capital money and international firms pile in. The industry will generate $2.3 billion in investments in the US market in 2016.

In an in-depth report from BI Intelligence, we take a deep dive into the various levels of the growing global industry for commercial drones, or unmanned aerial vehicles (UAVs). This 32-page report provides an exclusive list and profiles of dozens of notable companies already active in space.

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It also provides forecasts for the business opportunity in commercial drone technology, looks at advances and persistent barriers, highlights the top business-to-business markets in terms of applications and end users, and digs into the current state of US regulation of commercial drones, recently upended by the issuing of the Federal Aviation Administration’s draft rules for commercial drone flights. Few people know that many companies are already authorized to fly small drones commercially under a US government “exemption” program. We provide a list of these, and the UAV models they are operating.

Here are some of the main takeaways from the report:

  • The global commercial drone market will take shape around applications in a handful of industries: agriculture, energy, utilities, mining, construction, real estate, news media, and film production.
  • Most growth in the drone industry is on the commercial/civilian side, as the shift away from the military market gains momentum. The market for commercial/civilian drones will grow at a compound annual growth rate (CAGR) of 19% between 2015 and 2020, compared with 5% growth on the military side.
  • E-commerce and package delivery will not be an early focus of the drone industry.

Read the full article:
Curated from Here’s why venture-capital firms and major global companies are investing in drone startups

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