Delivery drone

Drone Market Takes Flight, Fueled by Safety Applications

Oct. 28, 2019
New report anticipates solid growth as drone manufacturers explore opportunities to expand diverse market opportunities.

According to Fact.MR's Drone Market report, the sector is expected to showcase stellar growth with a CAGR of ~ 23.5%  over the forecast period of 2019-2029. The continued investment in futuristic R&D initiatives is proving to be a significant driver in this evolving market. As drone manufacturers seek opportunities within new market sectors, having payload capabilities is surfacing as a primary demand.

Existing opportunities

Construction. Highly sophisticated drone cameras are gaining favor when conducting aerial surveys for construction companies. This provides insights and vital information about the construction lifecycle, enable key stakeholders to fulfill project deliverables in a timely manner.

Emergency Response. Equipping drones with emergency resuscitation capabilities such as defibrillators, can prove instrumental in assisting with medical emergencies. Furthermore, adding thermal imaging cameras will allow disaster recovery teams to identify victims during natural disasters like floods or earthquakes.

Defense. Nano drones, also known as black hornets, provide military units with highly advanced and analytical imaging functionalities. These drones are poised to provide rapid enemy force penetration and will give a massive boost to the drone market in the foreseeable future. The drone market is also witnessing significant breakthroughs in the defense sector with drone technology targeted at providing precision based, guided missiles. The lethal combination of stealth capabilities and advanced video imaging is equipping the military in developed countries with drones that are capable of wreaking extensive damage on enemy territory. 

Of course, the market's continued expansion depends heavily on the ramifications of civil liability including a strict regulatory framework. Drone manufacturers will need to find ways to navigate these waters. 

About the Author

EHS Today Staff

EHS Today's editorial staff includes:

Dave Blanchard, Editor-in-Chief: During his career Dave has led the editorial management of many of Endeavor Business Media's best-known brands, including IndustryWeekEHS Today, Material Handling & LogisticsLogistics Today, Supply Chain Technology News, and Business Finance. In addition, he serves as senior content director of the annual Safety Leadership Conference. With over 30 years of B2B media experience, Dave literally wrote the book on supply chain management, Supply Chain Management Best Practices (John Wiley & Sons, 2021), which has been translated into several languages and is currently in its third edition. He is a frequent speaker and moderator at major trade shows and conferences, and has won numerous awards for writing and editing. He is a voting member of the jury of the Logistics Hall of Fame, and is a graduate of Northern Illinois University.

Adrienne Selko, Senior Editor: In addition to her roles with EHS Today and the Safety Leadership Conference, Adrienne is also a senior editor at IndustryWeek and has written about many topics, with her current focus on workforce development strategies. She is also a senior editor at Material Handling & Logistics. Previously she was in corporate communications at a medical manufacturing company as well as a large regional bank. She is the author of Do I Have to Wear Garlic Around My Neck?, which made the Cleveland Plain Dealer's best sellers list.

Nicole Stempak, Managing Editor:  Nicole Stempak is managing editor of EHS Today and conference content manager of the Safety Leadership Conference.

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