Drones are really just flying software, I’m now referring to the industry as software companies on steroids. As a result, the software business model is perfect for attracting recurring revenue for drone manufacturers. Bringing the costs to more palatable levels for end users will expand the industry. Businesses and consumers that only require limited transactions or drone needs, don’t want to invest the time and money required to create their own drone programs, DaaS, the Drone as a Service business model make a lot of sense for manufacturers.
Drone companies are already in the position to provide all of the delivery, surveying, and inspection services that most consumers need. Businesses would rather pay drone providers for their know-how. These manufacturers have the ability to bridge the gap and get consumers off the fence by providing some real world options that meet clients needs.
Drone companies everywhere are working on creating multiple revenue streams. Companies like AgEagle are licensing their software, Measure Ground Control, just like the SaaS, Software as a Service model. AgEagle’s proprietary software is capable of controlling all aspects of flight. The company is offering 3 different versions at different price tiers, services like this will lead to recurring revenue.
Delivery apps, like the one offered by Global Autonomous Corporation, will offer consumers flexible options for package delivery. The service looks to operate in the same manner as Uber, and will offer the drone provider, Vayu Aerospace, to retain more drones under their control.
Innovative companies will continue to offer new products that make tough jobs safer. Window washing drones could make a difference in skyscraper maintenance, this is one job that I feel should be replaced by drones. Lucid Drone Technologies has a drone called the C1 that promises to make this work much easier. The drone is capable of maintaining buildings without putting worker’s lives in danger.
The government framework needs to work towards creating the environment that allows for a robust drone industry to thrive. The drone service industry would be a great way for small and minority owned businesses to share in a piece of the pie. Right now, the drone industry is expanding at such a fast rate that dream opportunities exist for those wanting to take part. Competition is fierce, but hard work and vision might pay off big.
Drone companies are collaborating with each other to capture larger market share. Products that complement one another are making drones customizable and purpose-built for whatever clients demand. The result is that customers are willing to drone businesses for their services.
Some people are capable of cutting their own hair, mowing the lawn, or taking care of the pool yet opt to pay someone else to take care of these services. The drone service industry should continue to grow as more people realize the benefits. As drone manufacturers increase their product lines and consumers are provided with more options, everyone will benefit.
Drone companies are in the perfect spot to position themselves as service companies to make their products more affordable and accessible for consumers. Drone companies can scale their businesses easier with the Drone as a Service business model.
Consumers will not have to invest the time and training to get their teams capable of handling assignments that the professional drone services can do reliably and fast. Drone companies are highly innovative, creating a multitude of products designed to meet customer’s needs. They are getting creative about their income streams, creating multiple opportunities for growth and increased scalability. DaaS looks to be an exciting revenue generator.