{"id":2904,"date":"2017-10-06T14:15:02","date_gmt":"2017-10-06T21:15:02","guid":{"rendered":"http:\/\/droneanalyst.com\/?p=2904"},"modified":"2020-03-21T10:47:28","modified_gmt":"2020-03-21T17:47:28","slug":"show-me-the-money","status":"publish","type":"post","link":"https:\/\/droneanalyst.com\/2017\/10\/06\/show-me-the-money\/'","title":{"rendered":"Show Me the Money\u2014A Look at Where Service Providers Are Making Money in the Drone Industry"},"content":{"rendered":"

Guest post by Zacc Dukowitz, Director of Marketing UAV Coach<\/em><\/p>\n

In this article we\u2019re going to take a look at some of the data collected in the new report from\u00a0Skylogic Research\u00a0on the drone industry\u2014data we think is important to you and answers the question: \u201cWhere are drone-based service providers making money?\u201d<\/p>\n

The report defines Service Providers as those individuals or companies that offer drone-based imaging or sensing services for outside hire (as opposed to Business Owners, who \u201cuse or purchase drone-based imaging or sensing services\u201d).<\/p>\n

Let\u2019s dive in.<\/p>\n

PRIMARY SERVICE AREAS FOR SERVICE PROVIDERS<\/h3>\n

Skylogic\u2019s report found that the top three primary service areas for commercial drone work are: Aerial Photography \/ Videography; Surveying \/ Mapping \/ GIS; and Real Estate.<\/p>\n

However, as indicated in the pie chart below, the first area (i.e., Aerial Photography \/ Videography) takes up the lion\u2019s share not just of those three, but of the entire services scene, with 41% of the entire chart, while the following category (Surveying \/ Mapping \/ GIS) only receives 13%.<\/p>\n

\"\"<\/a><\/p>\n

A note on the data:<\/strong>\u00a0Respondents were asked to indicate the primary and secondary commercial product or services they offer. They could pick one primary and up to three secondary services. Skylogic intentionally had them choose a primary because previous research revealed that many service providers boast about their ability to service multiple industries, but have no domain expertise in those industries.<\/em><\/p>\n

But just because the majority of commercial drone operators are working in\u00a0aerial cinematography<\/a>\u00a0doesn\u2019t mean they\u2019re actually making money in that sector.<\/p>\n

The report goes on to rank the top 10 drone services making over $100K\/year. Surprisingly, it\u2019s Surveying \/ Mapping \/ GIS that ranks first in that list. Aerial Photography and\/or Video is #2. (Of course, just because you\u2019re not making over $100K\/year doesn\u2019t mean you\u2019re not making any money.)<\/p>\n

After those first two, the third area listed where people are making over $100K\/year is Utilities Infrastructure Inspection or Monitoring\u2014even though this is the seventh item listed in the pie chart above, with only 3% of respondents indicating that they work in that field.<\/p>\n

SO WHERE IS THE MONEY?<\/h3>\n

It seems one conclusion we can draw from these data points is that those\u00a0commercial drone pilots<\/a>\u00a0who find a commercial niche (a place where there aren\u2019t many people operating, but there is a demand for the work) are likely to make the most money.<\/p>\n

Taking a simplistic view, a commercial operator could potentially look at those areas of minimal saturation on the pie chart\u2014the ones lower down the list\u2014and then look at those areas where people are making over $100K\/year, and see what might be required to get into that sector.<\/p>\n

Of course, transitioning into commercial mapping or inspections isn\u2019t as easy as just knowing how to fly a drone. But we can foresee a future where solopreneurs team up with other professionals with specific skill sets\u2014for example, a licensed surveyor\u2014to provide high-end services to large industrial operations.<\/p>\n

SERVICES MOST LIKELY TO BE OUTSOURCED<\/h3>\n

Another chart we want to share from Skylogic\u2019s report shows the commercial areas where business owners are outsourcing services.<\/p>\n

If you\u2019re a solopreneur looking to find a skill set that will help you find work, this graphic could be a great jumping off place for finding skill sets you might want to develop.<\/p>\n

\"Outsourced<\/a><\/p>\n

The bottom line is that there is money to be made as a service provider in the drone industry<\/strong>, but the most popular field (i.e., aerial cinematography) is not the most lucrative, and the areas where you\u2019re most likely to find a solid financial foothold will require additional skill sets beyond knowing how to fly and how to operate a camera.<\/p>\n

It will be interesting to see the data in another year or two. Things are developing rapidly, with students beginning to study\u00a0drones and STEM in high school<\/a>\u00a0and the landscape\u00a0appearing to shift radically<\/a>\u00a0to focus more on industrial applications. We may soon see mapping, surveying, and similar commercial use cases rise to the top of the services areas for drone service providers, and we might also see a resulting shift in the market from\u00a0cheap drones<\/a>\u00a0to high-end drones developed for niche applications.<\/p>\n

Don\u2019t have a copy of the report?\u00a0Purchase a full copy of the report here<\/a>.<\/strong><\/p>\n

This post first appeared on UAV Coach<\/a><\/p>\n

Image credit: Shutterstock<\/p>\n","protected":false},"excerpt":{"rendered":"

Guest post by Zacc Dukowitz, Director of Marketing UAV Coach In this article we\u2019re going to take a look at some of the data collected in the new report from\u00a0Skylogic Research\u00a0on the drone industry\u2014data we think is important to you and answers the question: \u201cWhere are drone-based service providers making money?\u201d The report defines Service … Read more<\/a><\/p>\n","protected":false},"author":3,"featured_media":1323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"\nA Look at Where Service Providers Are Making Money in the Drone Industry<\/title>\n<meta name=\"description\" content=\"This article looks at data collected in the new Skylogic Research report and answers the question: \u201cWhere are drone-based service providers making money?\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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