Commercial Drone Tech refers to the use of drones also referred to as an unmanned aircraft system (UAS) in a variety of commercial applications. Drones are used for a variety of use cases including 1) mapping and surveying, 2) inspection and maintenance, 3) monitoring and surveillance, and 4) data collection and analytics, across a wide range of industries including agriculture, construction, and real estate, public safety and security, oil and gas, and power and energy.
Drones’ key value proposition for commercial users is that they handle a task previously carried out through conventional methods at only a fraction of the cost of their traditional alternatives. Additionally, drones also provide viable solutions to tasks that are at times dangerous for humans.
The use of drones across a variety of applications and industries has spawned an entire ecosystem of hardware, software, and support services, with several startups either specializing in niche functions or offering end-to-end solutions.
Note: Additional sections (such as market sizing, and incumbents) can be provided on request.
The technological developments of commercial drones, which have made them smaller, lighter, fly for longer, and cover greater distances, have led to increased adoption across a range of industries such as energy, industrials, financial services, real estate, consumer discretionary, and utilities.
Drones serve various purposes such as monitoring and surveillance for asset management and threat detection, data collection and analysis, and inspection and maintenance including for remote assets. Several organizations have experienced the advantages of drone use including improved insights and cost and time efficiencies.
We have identified key commercial drone tech use cases below:
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