Sky Machines Magazine - Unmanned and Remote Aviation Issue #001 2016 | Page 41

Sky Machines

Drone Services as a Business Pt 1

SKY MACHINES

How big is the Market?

A number of studies indicate that the commercial drone market will grow at double-digit rates for the next ten years and total anywhere from $5B to $50B and up in the next decade. While none of these estimates are very solid, we all believe that each of the market verticals mentioned above represents a multi-billion dollar opportunity.

Risks

The truth is, starting any business is difficult and most fail. You need to have special skills to be successful and particular expertise when working in a rapidly changing technology centric market. If you wanted to start an auto sales business, there is quite a bit of history and best practices from which to draw, but the drone business as a whole and the DAAS model in particular, have never been done before. Even the most obvious example of drone assisted crop scouting still needs to be proven to make money for the Agronomist.