The small unmanned global drone market currently estimated around $300 million. The small aerial vehicle is revolutionizing the real estate market by giving the buyers an opportunity to see prospective homes and businesses from a different angle that has not seen before.
Chinese company DJI Innovations, France based Parrot, and Germany’s Microdrones are the three main players in the drone industry. At a selling price of $1,400, many prefer DJI’s Phantom drones for its simplicity and turnkey operation capability. More than 300 retailors in two dozen countries sell DJI products. In the U.S., Amazon.com and Best Buy offer DJI products.
Safety and privacy issues are two main concerns of many. But the most pressing issue for drones is its battery life. Most of the commercial drones are able to fly for about 25 minutes before recharging its lithium ion batteries. The Federal Aviation Administration (FAA) and other state regulators are coming up with more and more regulations including licensing requirements to address concerns over commercial use of drones. This is why commercial use of drones is illegal in many U.S. states. However, some estimates that the personal use drone market in the U.S. is growing at 20 percent a year and beyond the hobby market film industry and the agricultural industry could benefits from drones.