From the Floor of INTERGEO: DRONEII on the Biggest Surprise in Drone Industry Projections

From the Floor of INTERGEO: DRONEII on the Biggest Surprise in Drone Industry Projections
drone industry projections

DRONEII at INTERGEO 2022



DRONELIFE always looks forward to hearing what global drone market researchers DRONEII have been working on.  The firm are leading industry analysts: studying the forecasts, fleets, use cases, regional differences and challenges facing the UAV industry.  At this week’s INTERGEO GIS and mapping expo held in Essen, Germany, DRONEII CFO and Co-Founder Hendrik Bödecker presented on drone industry projections, recent survey results, and the biggest surprise in recent forecasts.  Read on to find out what the research says about jobs in the sector, investments, and the biggest surprise in recent drone industry projections.





The Good News: “The Hype is Over.  The Trust is Real.”



The Gartner Hype Cycle says that in a new industry, the “Peak of Inflated Expectations” is quickly followed by “The Trough of Disillusionment”: rising through the “Slope of Enlightenment” and finally, the “Plateau of Productivity.”  The drone industry has certainly gone through its share of unreasonable hype.  Now, the data clearly shows that investors believe the sector has real value to offer – along with significant growth potential.  In 2020, drone industry investment was $2,433 million USD: in 2021, that investment grew to a stunning $7,917 million USD.  That’s an indication, says Bödecker, that the industry has achieved the trust of stakeholders.



Where are the Drone Industry Jobs?



Many drone companies we’ve spoken with this year are looking for employees.  As the drone industry grows and the pandemic winds down, companies are ready to expand their workforce and their reach into new regions, new use cases, and new verticals.  What are the most needed professionals in the drone industry today?



“Software Engineers are first,” says Bödecker, “but Marketing and Sales is second on the list.”  Those are followed by Production staff, Hardware Engineers,  Operations, and Management staff.



The Biggest Suprise in Drone Industry Projections



Drone industry projections can range wildly depending upon the source, and how the data is organized: by fleet growth, investment, hardware, software, region, size or other categories.  DRONEII’s Industry Barometer tracks the dynamics of the drone market.  The Barometer is based on a survey of more than 900 respondents, and is based on expected and realized revenue figures.  (You can read more about the Drone Industry Barometer in DRONEII’s free whitepaper.)



2020 was a tough year for every sector, and the drone industry also slightly underperformed expectations: in 2020, the expectation was for growth of 6.3 on a scale of 1 -10; reality, or realized revenue, was only 6.0.  Survey participants, however, had high hopes for 2021.



That led to one of the biggest surprises of the Drone Industry Barometer: the greatest disparity between expectation and reality since the start of the research in 2018. “Projections were for 7.2 growth per year but ended up at 5.6,” says Bödecker, citing the continuing effects of COVID and other industry headwinds.



This year, companies are more conservative in their estimates: but possibly more realistic.  “Projections for 2022 are more muted: but projected growth is 6.3,” says Bödecker.



More from DRONEII:



Harry McNabb

CEO DroneLife.com, DroneRacingLife.com, and CMO of Jobfordrones.com. Principle at Spalding Barker Strategies. Has enjoyed working with and around the commercial drone industry for the last 10 years.   Attendance and speaker at Industry Events such as Commercial UAV, InterGeo, Interdrone and others.   Proud father of two. Enjoys karate, Sherlock Holmes, and interesting things.  Subscribe to all things drone at DroneLife here. Email is Harry@dronelife.com.   Make Sure that you WhiteList us in your email to make sure you get our Newsletter.  Editor1@dronelife.com.


https://skydanceimaging.com/from-the-floor-of-intergeo-droneii-on-the-biggest-surprise-in-drone-industry-projections/

Comments

Post a Comment

Popular posts from this blog

DJI Mini 2 Errors: What They Mean (And How to Fix Them) | Droneblog

Image
Nothing brings a drone operator down quicker (pun intended) than bad weather and drone error codes.  We wait until it gets better with the weather, eventually, although our highly anticipated day of flying is ruined.  However, drone error codes can be more than simply waiting out the issue or hoping it resolves itself. Error codes and the inability to fly the DJI Mini 2 because of these errors can be a nuisance, but, when those codes are decoded, explained, and suggestions on how to fix the issue come to the fore, things get easier. We’ll be looking at a laundry list of DJI Mini 2 error codes, what they mean, and the steps to fix them.  The codes will be listed numerically to locate specific codes easier within the article. These codes are: Code 10001Code 10016Code 10022Code 10023Code 30007Code 30008Code 30047Code 30049Code 30050Code 30055Code 30060Code 30064 Code 30085Code 30105Code 30168Code 30210Code 30224Code 30226Code 40002Code 40011Code 40012Code 40021Code 180016Code 180030Code 1...
Read more

DJI Transmission System (Everything You Need to Know)

Image
An essential feature behind a DJI drone that is often overlooked is the drone transmission system. I have personally flown multiple DJI drones from different generations, and I can say – good heavens, what a difference! DJI drones usually have the OcuSync transmission system, which is unique and proprietary to DJI. The transmission module is installed on all DJI drones and cannot be upgraded or changed, but it comes in different versions. And the flight range, penetration, controller compatibility, and a few more factors depend on it. Here, I’ll share with you everything you need to know about the DJI transmission system, why it matters, the difference between them, and how we can identify one. Behind DJI OcuSync: Factors & Analysis A transmission system in a drone is one of the most critical parts without which a drone cannot fly at all. It simply cannot make a connection between a drone remote controller and the drone itself. In consumer DJI drones, we have the OcuSy...
Read more

Autel EVO 2 Pro: 3 Most-Common Problems (With Solutions) | Droneblog

Image
The Autel EVO 2 Pro drone is a very powerful drone with many features, but it does have a few drawbacks that I have found while using it. Despite the issues I have experienced, the Autel EVO 2 Pro is still a great drone that I would recommend to anyone looking for a foldable drone with a 20MP camera. While the Autel EVO 2 Pro is a strong drone model overall, there are a few areas of weakness. The controller, lack of accessories, and flight characteristics could use some work on Autel’s end to get this drone to the top of its class. Even with the problems I have experienced, there are still many ways to fly the EVO 2 Pro issue-free. Let’s take a closer look at some of the issues you might experience and ways to work around them to get the footage you’re looking for. 1. Autel EVO 2 controller issues As a professional drone operator, I have used a few different drone controllers and think the controller that comes with the EVO 2 Pro is just too small and not balanced properly. Let’s discu...
Read more