This week on the Drone Radio Show, I interviewed Colin Snow of Drone Analyst Research and Advisors, a consulting firm for the commercial unmanned aerial systems (UAS) industry. This was a highly informative interview, packed with so much information that it was hard to compact it down to three key points. So I urge you to listen to the interview, as you won’t be disappointed. But if you’re rushed for time, here are three key take-aways from our conversation
- Is there a Drone Industry? With no standard way to define the primary or secondary businesses that are involved in drone related services or products, its difficult to quantify the size and reach of the drone industry. It becomes a challenge to develop economic forecasts of the industry as a whole.
- Impact of FAA Part 107 Rules – When Part 107 Rules go into effect, the barrier to entry into the drone industry will fall. While this will fuel the pace of commercialization of the drone industry, it will create a downward price pressure, particularly in the drone service providers market. Drone operators will need to respond by enhancing their skills and positioning themselves best in the market.
- Demand for Finer Grain Resolution – One of the major trends in the drone industry is the desire for high resolution in the data, which means a growing demand for manufactures to produce better sensors, cameras, on board processers, etc. There will also be a demand for service providers who can deliver data in these higher resolution formats and provide interpretive or additional services to their clients
Again, the full interview can be found here: