Sally French, Social Media Editor and Drone Reporter for MarketWatch (aka The Drone Girl) wrote an interesting piece on investing in the drone industry last week. For many of us who actively follow the drone industry, the question wasn’t about investing in the growth of this new sector, but rather when. When would there be a clear path to a robust commercial market. Well, the landscape changed dramatically yesterday.
The FAA (with Part 107) announced that the keys to the floodgates of commercialization of drone activity in the United States are ready to unlock the first burst of activity. It is an exciting time for the drone ecosystem. With the enactment, businesses will begin to deploy software and services to introduce new-found efficiency. Capital sitting on the sidelines will now be more readily available to innovative drone start-ups. Drone technology companies previously allocating resources internationally will change course and look for business opportunities in the United States.
So what does this have to do with drone racing? It has to do with accelerating innovation in drone technology! There will be more technology companies, more software developers, more manufacturers investing in innovative drone technology. This will eventually translate to faster, lighter, cheaper, and more stable drones. And this will morph into drone racing technologies!
One Large Step for DroneKind!