The drone industry will have more than an $82 billion impact on the economy and create over 100k new jobs in the next 10 years.Companies like Amazon, Wal-Mart, and Alphabet will likely be delivering packages via drone within the next three years.More than 1,000,000 drones are expected to be purchased in the United States in the months of November and December.
The new FAA regulations are expected to come out in less than a year, opening the floodgates to commercial drone operations.Companies like Amazon, Wal-Mart, Alphabet, Boeing, Northrop Grumman, Lockheed Martin, AeroVironment, GoPro, Facebook, InvenSense, IXYS, Intel, Qualcomm, Nvidia, and Ambarella will benefit at the expense of FedEx, UPS and retailers.
The drone industry will be the next big investment opportunity. It is estimated that over the next 10 years, the drone industry will have more than an $82 billion impact on the economy and create over 100k new jobs. Currently, the military spends the most on drones, followed by precision agriculture. Companies have even decided to work on delivering packages via drone, as well as utilize drones to provide internet access to remote areas of the globe. Now is a great time to invest in this industry while it is in its infancy.
Below, are charts from the Association for Unmanned Vehicle Systems International (AUVSI), which detail the economic and employment impact of drones in the U.S. over the next decade:
Foreign drone manufacturers are currently dominating civilian drone sales. DJI, from China, had $500 million in revenue in 2014, roughly four times its revenue from 2013. This year DJI’s revenue is expected to exceed $1 billion. Its next closest competitor is Paris’s Parrot (OTCPK:PAOTF), which manufactures the Bebop drone. These increasing drone sales are promising to retailers such as Amazon (NASDAQ:AMZN), as well as U.S. drone and chip manufacturers.