Drone Business

Study Suggests Commercial Drones Realize ROI in One Year or Less

A 2018 study by Skyward technologies, showcases a dazzling future for the commercial drone industry. It’s one rife with global growth and opportunity across multiple industries.

According to the studies findings, one in 10 companies with revenues of $50 million or more use drones today. Even more impressive is that 92% of those companies experienced a positive ROI on their drone investment in just one year — and in some cases less.

Adoption rates vary from industry to industry, with construction and engineering leading the pack, followed by government applications.

“In the last two years since the FAA passed Part 107, we’ve seen drone use accelerate across small businesses and multinational firms, and watched our customers build drone programs into sophisticated operations that increase efficiency, worker safety, and access to data,” said Mariah Scott, President, Skyward

Key Findings

  1. About half of surveyed respondents reported that their company’s bottom line would suffer if their company did not use drones.

  2. A majority of respondents realized a positive ROI on their investment in one year or less.

  3. Drone adoption is highest in the construction and engineering industry, followed by government.

  4. Four in five companies expect their drone flights to increase year over year.

  5. Three in four expect to increase spending on their drone program over the next 12 months

To learn more visit www.appliedaeronautics.com



Drone Digest

Articles we’re digging this week from around the net:

1. Establishing a Drone Business with Part 107 in Agriculture by Johnathan Barns

via Commercial UAV News

via Commercial UAV News

The incentives to hone in on UAS consulting for agriculture are obvious: even part-time drone consultants can make $20,000 to $30,000 per year serving an industry that is always plagued by weather-related variables. Some of the most successful drone consultants make six figures or more.

2. These Drones And Humans Will Work Together In Hurricane Florence Recovery Efforts by Jennifer Kite-Powell

“Drones are increasingly used by emergency organizations to quickly collect reliable data from impacted areas that are unsafe or impossible for humans and other human-crewed vehicles to reach. This data allows response crews to identify which areas require immediate assistance, facilitate search and rescue efforts for survivors and survey damage for future rebuilding and insurance purposes.

3. State Farm Drones to Assess Hurricane Damage in First Approval

The flooding and other damage caused when Florence barreled ashore along the southeastern U.S. last week has become the latest proving ground for drones. Scores of them have been used by utilities, state and local emergency agencies, and others. They provide a bird’s eye view of damage or victims, and cameras and sensors can aid in mapping.

4. The use of drone-assisted remote sensing is ushering in an era of precision agriculture

A better understanding of the data and images gathered by the drone-borne instruments could lead to new ways for cranberry growers to detect insects and disease weeks sooner than traditional scouting forays on the ground. Such foreknowledge would allow them to treat threatened plants earlier and avert more widespread damage and crop loss, according to Luck. And because farmers would know more precisely where to spray, they could reduce pesticide use, which would be a major cost saver and a boon to ecosystems already overburdened by chemicals.