FedEx, UPS and DHL to name a few are very silent when it comes to drones, while their coming competitors aren`t. I assume they all have busy days with packages from Amazon, but it will be a game changer when Amazon starts with their own drone business.
Not only Amazon are planning to deliver their packages with drones. Alphabet and Wal-Mart two other big companies that is planning to deliver packages via drones and that will happen sooner than we like to know.
FAA regulations are expected to open the up the market for commercial drone operations within 2017. The drone business will create more than 100 000 jobs in the next ten years and it is expected to see an $82 billion impact on the economy.
Other companies in the drone business is AeroVironment, GoPro, Boeing, Nvidia, Qualcomm, Intel, IXYS and Facebook to name a few.
AeroVironment Inc is engaged in the design, develop, produce, support and operate a technological portfolio of products and services. It supplies unmanned aircraft systems, UAS tactical missile systems and related services within the US DoD.
They are well positioned in a high growth industry and the company will gain from the UAS market in the future. AeroVironment is one of the few companies in the promising small-scale UAS business, and the growing application of drone technology will give them a great opportunity.
Ambarella is nearly four times bigger than AeroVironment, but AeroVironment`s UAS technology is limited to defense and warefare. They benefited from the growth of technologies like predator drones and tactical missile systems, and their UAS technology can give them a great opportunity in the commercial sector.
Cost for consumer or commercial purposes is from $500 to $5,000, and some of the professional equipment could cost between $20,000 to $50,000.
Oil and gas companies can use the drones for inspections. So do mining companies for surveying and mapping. Hospitals and Insurance companies are other interested groups. German-based Spectair Group is heavily involved in the drone manufacturing business and they have three brands; Spectair Services, Flairics and Height-Tech.
GoPro has their own wearable cameras and the cost for their commercial drones is between $500 and $1000. In addition, we have Matternet, which is headquartered in Silicon Valley and Dajiang Innovation Technology, based in Shenzen, China.
The potential is huge.