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What’s in store for the Commercial Drone Industry?

Drone Radio Show February 21, 2017 1


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Jeremiah Karpowicz is the Executive Editor for Commercial UAV News.  He creates articles, videos, newsletters, ebooks and other content for various communities as a contributor and editor. He is also the author of a number of industry specific reports how drones are being used in various markets. His latest report is called “7 Commercial Drone Predictions for 2017”.  In this episode of the Drone Radio Show, Jeremiah talks about the report, some of the key predictions that we should look for and what they will mean to the commercial drone industry.  Halfway through this interview, Chris Korody of the Drone Business Center joins the conversation and shares his perspectives on these predictions.

 

Key Points
  • Introduction. Jeremiah Karpowicz is the Executive Editor for Commercial UAV News. He creates articles, videos, newsletters, ebooks and other content for various communities as a contributor and editor. He is also the author of a number of industry specific reports how drones are being used in various markets.
  • The Report: “7 Commercial Drone Predictions for 2017.” Following the 2016 Commercial UAV Expo, Jeremiah produced a report providing key predictions for 2017. The report is based on interviews with leading industry experts.
  • Predictions. Jeremiah and Chris share their thoughts and perspectives on the 7 predictions in the report.
    • Scaling: Implementing a UAV program will take on different forms for different companies. Whether it makes sense for an organization to build their own drone program from scratch or utilize service providers without taking on the costs and risk associated with the former option will be a major point of discussion and contention throughout 2017.
    • Exploring to Implementation – Large companies have done their research on how drones can be used to provide value, and they are now moving to implement a drone program. Companies are now expending more time creating workflows and programs and less time doing research into the use of drones.
    • Legal Implications – Part 107 does not address all legal questions and 2017, we’ll see more discussions on beyond visual line of sight, night flying and most notably, state and local regulations.  Drone operators need to stay engaged as these legal questions play out.
    • Insurance – As companies scale up drone programs, insurance needs will grow. In 2017, companies will investigate risks and coverage so they can fulfill their desired service commitments. Coverage will vary, depending on the size and function of the drone programs.
    • World Wide Drone Market – UAV technology is growing in many countries. Laws and procedural requirements may differ across borders, and companies are responding by establishing a presence in several countries. In 2017, companies will continue to explore doing business in more than one country.
    • Lessening of Public Concerns – Drones will gain greater public acceptance as more stories of the positive applications of their use surfaces. The public will always be concerned with safety, privacy and security.
    • Industry Shakeouts – While not discussed in this episode (due to time constraints), the report talks about how the drone industry is changing and many companies will either restructure or dissolve in response to the market.  
  • Outlook for 2017. Jeremiah and Chris share their final thoughts on where they see the industry going in 2017.
  • Closing
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