In 2016, drone sales more than tripled, hitting $200 million and it is estimated the entire drone industry is to hit 13 billion by 2020!
Prices continue to decrease, and the demand for IoT connectivity means drones are constantly becoming better. They're now being fitted with pressure senses, powerful processors, and GPS modules.
IoT drones are going to have a massive impact on our future. Read on to learn how drones are changing everything from how we build our houses, to how we go to war.
The Implications of IoT Drones and How it Disrupts the Market
To understand why these drones are a game-changer, it's important to consider just what the IoT does.
The Internet of Things is the concept of connecting any device that has an on-off switch to each other and/or the internet. This includes everything from laptops, headphones, wearable devices, washing machines, coffee makers, and, of course, drones.
Here are some ways the IoT drones will change the future:
Drones are already being used to increase revenue for farmers. They can use drones to quickly find yield-limiting problems, and check their crops without needing to go out and check all of their acres on foot.
In the future, we can expect to see fleets of autonomous drones tackling monitoring tasks, while others collect crop data.
IoT drones will impact many sectors, including aviation, oil and gas, and railroads. Drones are excellent at gathering data and can be deployed to vantage points that humans find it difficult or impossible to get to.
Since the drones will be connected to the internet, they can immediately report back, providing operators with information in real-time.
IoT and big data are transforming the way that wars are being fought. Taranis is an autonomous stealth drone. It can already fly along a programmed flight path, stop at a preselected area, identify any potential threats, and alert human operators that the target is identified. If the human operator approves the attack, it will destroy the target and then fly home.
In the future, there may not even be a human operator approving these actions. That's why more than 16,000 thought leaders and researchers have called for the United Nations to ban the creation of semi-autonomous and autonomous weapons. These experts include Stephen Hawking, Elon Musk, and Peter Norvig.
Amazon, Domino's and UPS are already rolling out programs which will allow delivery by drone.
Matternet and Mercedez-Benz have also unveiled their plans which will allow their vans to work with autonomous drones. This will revolutionize the way that packages are delivered.
The insurance industry will be transformed by IoT drones. Imagine submitting a claim for property damage. Instead of it taking weeks to process, an IoT drone could have the claim processed within minutes.
Drones can get aerial views of properties, so they'll be able to immediately survey the catastrophe or damage for insurers.
The Bottom Line
Imagine a world where drones zip in and out of traffic, swooping past your apartment window while on the way to deliver a package. This will be happening sooner than you might think.