Drones are set for a 400% leap in sales this year in the US alone.
Well-established technologies including smartphones, televisions and laptops will continue to drive US retail revenues and lead to one percent industry growth in 2016, according to the CTA (Consumer Technology Association), which owns and produces the Consumer Electronics Show (CES). While these categories – together with tablets and desktops – account for 51 percent of the consumer tech industry’s revenue, the catalysts for industry growth are newer innovations such as wearables, virtual reality and drones.
“The industry is at an inflection point, because nascent categories are increasingly showing growth and will continue to gain market share,” explained, Shawn DuBravac, chief economist, CTA.
The CTA expects US sales of drones weighing more than 250 grams – the minimum for FAA-mandated registration – to reach one million units in 2016, a 145 percent increase from 2015’s total. When adding drones weighing 250 grams or less to those totals, the total forecast for 2016 drone sales tops 2.8 million units (up 149 percent from 2015) and $953 million in shipment revenues (a 115 percent increase from last year).
As new VR products from companies such as Sony and Oculus launch this year in 2016, total VR unit sales this year in the U.S could be about 1.2 million units, marking a 500% increase from last year. The CTA is predicting 1.2 million VR devices sold, accounting for $540 million in revenue – a 440% increase this year from 2015.
“We see the potential for VR as an immersive experience for kids and adults,” added DuBravac. “There are more than 100 companies doing something in VR or AR environments here, so it is a growth area.”
One area that promises to give the VR market even more traction will be the increasing availability of 360-degree VR cameras.
“Consumers will be able to upload and share content,” DuBravac noted, “that is one of the key pieces in any environment: that all of the components needed come together.”
You might also like...
Video compression, bonded cellular technology and cellular networks have evolved to the level that giant planned events like the Super Bowl no longer challenge cellular service adequacy.
Video and photography — on major display at recent year-end trade shows in New York City — have leap frogged into powerful AI technology, putting extraordinary powers to manipulate images into the hands of the masses.
Regulatory issues are key to the deployment of drones and the need for a more uniform set of rules has been acknowledged by regulators in the US and UK. While a more streamlined and relaxed regulatory environment would benefit filmmakers i…
On 25 May 2018, a new EU General Data Protection Regulation comes into force and will apply across all EU member states. Pending the outcome of Brexit this also includes the UK. There are potentially serious implications for drone filmmakers and in…
BSI launches the ZF-CAM 1080p 50 3G Drone Camera with remote zoom focus and camera control for live broadcast