Are Drones Still in the Game?

by Hilary Kramer | April 3, 2013 10:30 am

Last week I talked about finding profitable trends and which “buzz worthy” industries (like 3D Printing[1]) you should stay away from. But today I want to talk to you about an industry I’ve been a fan of for a very long time, so much so that I invested in the sector over a year ago: Drones.

I was over the moon when I first heard about them. A technology that allows soldiers to fight for their country without being put in harm’s way? Amazing! And I’ll admit, any type of technology that increases the safety of those who put their lives on the line for us I’m going give a second look. What can I say? I’m the wife of a police officer, and I have great respect for those who protect and serve.

Drones are a massive new industry with almost limitless potential ahead. You probably already know about their role in the war on terror, but they can be used for so much more than combat.

A recent Associated Press article on drones found that “there’s a recent clamor to fly them domestically to track the health of crops, fight wildfires in remote terrain, conduct search and rescue after a disaster and perform other chores considered ‘too dirty, dull, or dangerous’ for pilots.” These are just a few examples of the versatility drones offer. Drones can even conduct scientific research in areas that are too dangerous for piloted air craft, like flying into a hurricane and transmitting back near- real-time data to a hurricane center.

And now, U.S. states are itching to get in on the ground floor- 37 states, to be exact. The AP reports that “the untapped civilian market — estimated to be worth billions — has created a face-off, with states perfecting their pitch — ample restricted airspace, industry connections, academic partners — not unlike what you might read in a tourism brochure.”

As you can see, the drone industry is becoming more in demand, and those who get in early are going to reap the rewards. Just another game-changing trend for investors to keep on their radar!

Endnotes:
  1. like 3D Printing: http://investorplace.com/2013/03/2-hot-stocks-in-the-3d-printing-market/

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