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What’s Stopping the Drone Services Market from Taking Off?

Oct 5, 2017

Drone technology has been the most talked about innovation in the modern day. It has been heavily used in many sectors such as defense, healthcare, military combats, logistics, oil extraction, ariel surveillance, and filmmaking. The rising popularity of drones has compelled many businesses to opt for the drone-as-a-service business model to ameliorate savings. Due to its versatility and flexibility in hostile conditions and ability to be controlled remotely, many industries have started using drone services. But despite its rising popularity its has had its fair share of criticisms and controversy as well. Here are some of the challenges hindering the growth of the drone services market.

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Most of the governments ban the usage of drones as they can fly overhead without a person noticing it, peer directly into someone’s window or film private property from above. For such reasons, service providers would have to operate within restricted areas; thereby, limiting their operations and hindering the growth of drone services market.

Lack of Safety Assurances
The drone technology is still in its nascent stages, and service providers cannot always guarantee proper functioning. If the pilot loses control over drone due to signal issue or does not follow a set trajectory, then it might cause damage to the nearby infrastructure or people leading to litigation, penalties, and restricted operations. Since the service providers cannot fully guarantee safety, government and private agencies are still hesitant to adopt drone services.

Limited Endurance and Payload Capacity of Drones
Even though there have been rapid innovations in the field of drone technology, it is still in its infancy. Even the high-end drones have a limited battery life supporting a flying time of 15-30 minutes, with duration being affected by the payload they are carrying. Such limited capacity can cause frequent disruptions to the service and can make it unfeasible for long-range inspections, thus, affecting the growth of the drone services market.

Read more about the challenges in the drone services market along with supply market landscape, pricing, and procurement insights in SpendEdge’s upcoming report on the global drone services market.

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