Industry Overview
Globalization has ushered in a new competitive environment, one where it has become essential to not only be ahead of the technology curve but to understand its applications and ability to improve productivity. Advancements in technology have allowed the creation of a new industry focused on the development and business applications of Unmanned Aerial Vehicles, commonly referred to as the Drone Industry. With endless applications, business managers have begun to take note of this multi-billion dollar industry, looking to employ these innovations or enter the industry itself. The overall composition of the industry differs profoundly from many technology based markets. Rather than playing host to a handful of large manufacturers, it has attracted and fostered many grassroots companies, small developers, and start-ups. An industry analysis further reveals low costs and weak barriers for entry thus attracting entrepreneurs and companies to continue to explore drone technology applications.
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