Fully understand drone projects with this chart.
| NEW CHART & DATA: TRANSPORTATION AND LOGISTICS | | Businesses march forward with drone projects despite high costs… US businesses are ramping up their use of unmanned aerial vehicles (UAVs), more commonly called drones. The vast majority (84%) of US businesses that have adopted drones plan to conduct more flights this year than they did in 2017. Over half (54%) of these drone users expect to run 10 or more flights per month this year, up 13% from 2017.
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| Significant drone use demands sizeable up-front investment but often rewards businesses with fast returns. - Drone projects require thousands of dollars in investments outside of the drones themselves. 39% of respondents said they funneled more than $50,000 into drone efforts across 2017, while another 32% said their company spent between $10,000 and $50,000 over the year.
- But companies can quickly make their money back — and more. About one-third of companies realized a positive ROI within six months of getting their drone project off the ground.
Enterprise drone investment — and thus ROI — will increase substantially once the regulatory landscape clears up. Both in the US and abroad, regulation has long been the top issue plaguing the enterprise drone industry, restricting when, where, and how companies can use drones.
Regulatory relief is likely coming soon — the Federal Aviation Administration (FAA) plans to craft new drone laws after it completes its Unmanned Aircraft Systems Integration Pilot Program. Once this occurs, UAV adoption will soar — Business Insider Intelligence projects that global sales of enterprise drones are expected to grow at a 67% compound annual growth rate (CAGR) from 148,000 in 2017 to 2.4 million in 2023. |
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