The drone sales have been increasing tremendously for the past couple years. Though the drones have been a recent invention, they proved to be a most popular holiday purchase. According to a report from the retail research firm, NPD group – the world’s most successful brands turn to – the sales skyrocketed almost to 445 percent just in the month of December done over a year (2015-2016).
Additionally, the NPD research also mentioned that the drone purchase has improved about 224 percent year-over-year to $200 million from the month of April 2015 i.e. almost $550 per drone. Moreover, the drones that cost more than $500 constituted for almost 56% of the total sales during the period of the 12 months.
The average cost of a drone is $550 as there is a huge price difference in the drones due to the features like including a camera for photography, racing. Also, these super popular flying machines are used for search and rescue. The further development of these drones is going on, and the inventors are trying to use them for a more diverse, sophisticated uses like the snack delivery, farming.
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In the month of October 2015, the registration rules established by the Federal Aviation Administration, requires the drones that weigh between 0.55 lbs. and 55 lbs. to be registered by their owners before flying them outdoors. Until December, when the implementation of the rule started to take place, the sales have only doubled every month.
Ben Arnold, the executive director and industry analyst for the NPD Group, said that “The drone category is continuing to take shape as new products and features such as 4K cameras, Bluetooth, and built-in GPS, reveal an expanding range of use cases. The market is maturing in that respect.”
Furthermore, the sales of the drones are expected only to increase in the coming decades. In the next ten years, the sales of drones to the consumer market are estimated to go beyond 90 million units and generate $4.6 billion in revenue, according to ABI Research, a technology market intelligence firm in Oyster Bay, New York.
Story Via; Fortune.com / Author : @SujanaOruganti