With all the fuzz around privacy and safety when discussing drones, I was curious about all the positive sides drones could have. Not only by looking at the applications of drones such as the delivery of parcels or drone racing, but also by looking at the markets. It is obvious that companies selling these drones are increasing their revenue, but there is an entire (secondary) market growing around these drones. In my opinion, this (secondary) market can be divided into two markets: the drone accessories market and the “drone services market”.
When looking at the drone accessories market, this market gains the most momentum from the primary drone market. Companies are shifting their focus more to the drone market, because of its potential. Yesterday Verizon, one of the largest telecom providers in the US, announced it is going to sell specific data plans for drones. I agree, it is only a marketing thingy because the plans are exactly the same as for smartphones, but it shows marketing is more and more creeping towards the drone market. Also, insurance companies such as AIG are offering custom drone liability insurance packages for businesses in case something goes wrong flying these drones.
The drone services market is also growing. This market revolves around companies/people offering their drone and themselves as pilots for making aerial videos of houses (for real estate purposes) or sporting events. I think this market will eventually grow further because of all the services that will be provided for drones. I am thinking about drone repair services and even more drone training services for consumers and companies. What do you guys think? How will the drone market (primary or secondary) grow in the future?
Sources:
http://www.wsj.com/articles/verizon-to-start-selling-wireless-data-plans-for-drones-1475774573
http://www.aig.com/business/insurance/specialty/unmanned-aircraft-solutions