The Business of Drones

The total value of the use of drone technology in the future in agriculture is estimated at $32 billion and in infrastructure services, the figure is more than $45 billion.

Tuesday, June 14, 2016

A comprehensive report by PriceWaterhouseCoopers points to the business potential of the drones market and the application of this technology in different productive sectors such as infrastructure, agriculture, services, telecommunications, transportation, safety and mining, among others.

Excerpted from the report "Clarity from above":

What are the key commercial applications of drones?
Projected commercial applications and market value by industry

Investment monitoring, maintenance, asset inventory. Estimated value: $45 billion.

Analysis of soil and drainage, health assessment of crops. Estimated market value: 32 billion.

Delivery of products, medical logistics. Estimated value: $13 billion.

Site monitoring, proactive response. Estimated value: $10 billion.

Support claims processing, fraud detection. Estimated value: $7 billion

Planning, exploration, environmental impact assessment. Estimated value: $4 billion

Maintenance of towers, signal distribution.

See full report "Clarity from above" by PwC .

More on this topic

Drones in Costa Rica: Potential Business

January 2019

Almost a year after the regulation for the commercial use of drones entered into force in the country, there are only four companies registered with the General Directorate of Civil Aviation.

Since February 14th, 2018, companies using drones for commercial purposes in Costa Rica must pay $1,874 to obtain the exploitation certificate. So far, few companies in this business have initiated the permit process.

The Business of Drones in Costa Rica

May 2015

Increased demand has been reported of the commercial use of drones in the country, where 15 formal enterprises are engaged in importing and marketing of these products.

In addition to the 15 formal companies that sell drones, it is estimated that there are approximately 25 informal companies.

Promises and Risks in Mobile Communications

November 2012

The massive and growing use of mobile devices is hitting businesses hard, generating great opportunity and great risks.

A report from RSA (The Security of Business Innovation Council), once again brings to the forefront the growth of mobile phone use in businesses for both internal management and to communicate with customers and consumers.

Telefonica and Mastercard Offer Mobile Payments

January 2011

The companies formed a joint venture in order to provide financial solutions through mobile phones in Latin America.

Movistar mobile customers in Latin America may use the mobile phone to transfer money to other people, pay bills, purchase airtime and make purchases in shops and stores, among other services.

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