Is Drone Technology Worth Investing in?

Drones, also referred to as Flying Mini Robots, Miniature Pilotless Aircraft, or Unmanned Aerial Vehicles (UAVs), are becoming popular over time. While their use is not yet widespread, they have become an integral part of many government organizations and businesses operations. They are very versatile and can be used for various purposes, including making deliveries and scanning places that would be otherwise unreachable such as some military bases.


Businesses benefit from them because of their speed and accuracy. For instance, when making deliveries to customers, there is no time wasted in traffic or finding the customer’s location. They also increase productivity and work efficiency and help businesses save on operation costs, among other benefits. Like most other technological inventions, drone technology started as a fad, but that quickly changed as more businesses realized the technology’s immense potential. If you plan on investing in technology, maybe study how this Boston-based multi-billion dollar technology-focused investment firm is handling their investment strategies.

Drones can either be controlled via a smartphone app or by a remote. They require very little energy, time, and effort to operate, and the human resources needed to control them is minimal. The four main sectors where their use is quickly gaining popularity are commercial, future technology, personal, and military.

Uses of drone technology

According to History of drones, they only started gaining popularity in the late 1990s; records show that France and the U.S. attempted to develop automatic airplanes that would require no human control during the First World War. Below are some of their uses today:

  • Carrying out safety inspections on buildings, wind turbines, gas pipelines, power lines, bridges
  • Aerial photography, filming, and journalism
  • Making deliveries to customers or disaster-stricken areas
  • Gathering information from disaster-stricken areas
  • Precision agriculture
  • Weather forecasting
  • Some have thermal sensors and are used for rescue operations
  • Border surveillance
  • Cargo transport
  • Geographic mapping

Given the growing popularity of drone technology, their uses are bound to extend to many other industries soon.

Military use

Today, the primary use of drones is in the military sector, and this is where the most money is spent on technology. A recent Goldman Sachs report says that drone spending over the next three years is expected to be $70 billion. Some of the military uses of drone technology include supervision, R&D, and combat missions. Their popularity in the military is due to their speed and accuracy and also because fewer people are put in harm’s way.

Commercial use

While commercial use of drone technology is still not as popular as military use, it is expected to grow at 19% per annum up to 2020. This is far much higher than the expected annual growth in drone technology’s military use, which is 5% per annum. The leading investors in commercial drone technology are chip companies, industrial conglomerates, and digital consulting firms in North America, Asia, and Europe.

Personal use

Despite the few drone accidents that have happened in the past, civilians’ use of drones is also expected to grow. In the U.S. alone, sales in the next year are expected to reach 2.8 million drones, with revenue from these sales almost hitting $1 billion. As the market for civilian drones grows, manufacturers are working to make them safer to reduce drone accidents.

The future of drone technology

As drones get cheaper to manufacture, their prices are also bound to continue decreasing, and more and more businesses will be able to customize them for various uses, including traffic monitoring, among other uses. The investment industry may also benefit from the commercial UAV industry’s growth, so online investment sites like CMC Markets stand to gain a lot. Within less than a decade, the commercial UAV industry could be worth over $80 billion and could lead to the creation of more than 100,000 job opportunities in the U.S. alone. This will be a big boost to the country’s economy and the global economy as well.


It is clear that drone technology is a worthwhile investment, whether for personal use, commercial use, or military use. Their benefits are immense, and with the rapid advancements in the industry, they are only bound to get better. While the regulations on the manufacture and use of drones are still very limiting in many aspects, drone technology’s growing popularity may lead to them being loosened and open up new growth opportunities in the industry.

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