Drones have been slowly creeping into people’s lives for the past ten years. According to Philly By Air, flying a drone has now become an everyday leisure activity for 1,256,336 Americans. One in seven Americans (about 15%) report that they have had the experience of piloting a drone.
Drones are also used for commercial purposes, ranging from infrastructure inspection to media and entertainment and even for filming 360° advertisements. Delivery-by-drone is a constant ‘hot topic’, with Domino’s being the first company to use a drone for food delivery in 2016. And in 2021 Coca-Cola started drone-delivering its new product ‘Coca-Cola with Coffee’ to new consumers as a part of its launch campaign.
Business Insights forecasts that the market for ‘Drone Package Delivery’ will hit $388.2m by 2027. Yet package delivery accounts for only a small portion of the segment. According to an article by Business Insider Intelligence, transport drones represent just 10% of the drone market’s predicted value ($10 billion).
The greater markets for drones are infrastructure (35%) and agriculture (25%).
Not to be forgotten are the startups and companies that are using drones to help society and make an impact. This segment is known ‘Drones For Good. The idea is that drone technology can be used to positively impact society and to improve sustainable solutions. In 2015, the United Arab Emirates launched UAE Drones for Good, an annual competition that awards the companies for the best use of drones for positive social impact.
At Rewired, we are passionate about impact investment in tech and we are always looking for exciting and pioneered ideas to invest in! Here is a list of incredible companies and startups that are seeking to use ‘Drones For Good’: