Drone Market Growth Incremental not Exponential According to Industry Report

In an industry filled with as much excitement and promise as the drone space, it can be hard to separate they hype from the reality. Every year, Skylogic Research’s annual report acts as a reality check for the hype merchants and chronic optimists with its accurate bottom-up assessment of the state of the industry. The 2018 Drone Market Sector Report by Skylogic Research LLC. indicates that the UAS space is maturing, but still finding its ground as fleet sizes remain small and most enterprise adoption only just getting started. Three quarters of businesses and public agencies report drone programs as young as two years old. That being said, professional use of drones is growing. Skylogic finds that almost three-quarters of all drones weighing over 250 grams are purchased for professional purposes—either governmental or business. This is up from last year. Smaller businesses are also seeing some growth in revenue with a three-point gain from 2017 to 2018, but small drone-based service

PIRatE Lab’s insight:
Not surprising. All those estimates of insane growth in the industry for the previous many years were just crazy.

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