5G and Cloud Computing Integration Open New Avenues in the Global Drone Market By CIOTechOutlook Team

5G and Cloud Computing Integration Open New Avenues in the Global Drone Market

CIOTechOutlook Team | Thursday, 20 July 2023, 11:54 IST

The market for commercial drones is anticipated to grow at a CAGR of 38.6% from 2023 to 2030, reaching a value of USD 583.51 billion.

The increase in demand for commercial drones can be attributable to the expanding application base across numerous end-use verticals, including agriculture, media and entertainment, and real estate. Due to the automation of company operations, the majority of end-use verticals that contain a sizable component of operational tasks are projected to gain greatly from drone utilization.

The introduction of the 5G delivery model and the incorporation of cloud computing technologies into the drone manufacturing process present the industry with significant potential opportunities. Drones can communicate in difficult circumstances while carrying out functions like command and control, media sharing, and autonomous flight thanks to the high-speed internet that is available to them.

Service providers can enable seamless mobile broadband connectivity, ultra-low latency communications, and extensive Machine-to-Machine (M2M) type communications deployment thanks to their ability to efficiently use the 5G network. The procedure for service providers to offer users the drone-as-a-service (DaaS) model is made easier as a result, allowing for ongoing business growth and the creation of new revenue streams.

In addition, technological developments in the field of commercial drones have been changing the industry. Beginning with generation 1 drones that offered basic controls and remote-controlled aircraft, the drone market has evolved to include generation 7 drones, which are outfitted with 3D robotics, AI, safety modes, Gimbals, high-definition video quality, carrying capacity, and other features.