The drone inspection market is big and getting bigger. More and more large industrial companies are turning to drones to inspect their assets. It’s just an easier, quicker, and more convenient way to collect and analyze data.
The extraordinary growth in this market is hard to describe in words. What can be described in words are the many applications that drones are being used for right now. That’s what makes this moment so exciting for us at BrainChild Innovation. If the developments in the drone/AI/IoT space were a baseball game, 2019 would still be the first inning. The best way to get a sense of the size of the drone inspection market is to consider the numbers. Specifically, 10 numbers. We could have chosen more numbers, but we chose these TEN numbers to show how large the market is, and the possibilities that exists for companies like ours.
Consider these numbers:
1.5 Billion – Amount invested by VCs since 2011 on commercial drone startups (Toptal).
2.5 Million – Number of miles of operational energy pipelines in the U.S. (sUAS News).
37 Billion – Amount spent annually by the oil and gas industry to inspect their assets (sUAS News).
100 Billion – Amount that will be spent on drones in general from now until 2020 (Goldman Sachs).
127 Billion – Global market for the commercial use of drones (PWC).
20 Billion – Global market for data collected and analyzed by drones equipped with AI and IoT (Fortune).
27 Billion – Global market for drone inspections and analytics for energy and infrastructure assets (Fortune).
75 – Percentage of U.S farmers (sample size 269), who work farms of between 100 and 5,000 acres, that are using or thinking of using drones to monitor crops, soil conditions, and livestock (Munich Reinsurance America).
15 – Amount of time that it takes Airbus to inspect aircraft, compared to two hours using conventional methods (Engineering.com). So what are you waiting for?
8 Billion – Revenues generated by UAV services, such as drone inspections, by 2022 (Interact Analysis).
How do you like those numbers?
Well, we love them!
BrainChild Innovation is a hidden gem within those numbers.
We pair drone technology with AI and IoT.
That’s what sets us apart from the rest.
We’re looking for investors
to scale our prototypes.
Reach out to us today.