This was a big year for the commercial drone industry as a whole. It saw a significant increase in the business adoption, the expansion of the FAA’s LAANC program (the Low Altitude Authorization and Notification Capability that provides access to controlled airspace near airports), the launch of the UAS Integration Pilot Program from the FAA (aka IPP), new products like the Phantom 4 RTK from DJI, and some significant developments for new regulatory frameworks for drones in Europe and in India.
In this post, I’ll illustrate some of the market trends over the past year using data from our third annual drone industry benchmark report and describe what I think shaped the drone industry.
Listen to this companion Drone Radio Show podcast here for the complete assessment.
If I was to distill the key forces of 2018 on the drone market into three things, I would say they are:
- Business adoption
- Vendor contraction and expansion
- The DJI effect
Force 1 – Business adoption
Adoption of aerial drones and drone technology was not widespread, but it did grow in select industries such as…