Unmanned Aerial Vehicle The latest drone news
The primary query which we obtain from DroneLife readers is “how do I invest in the growth of drones?” U.S. News & World Report printed their reply to this query this week. It’s price a learn.
“From Lady Gaga using hundreds of Intel Corp. (ticker: INTC) Shooting Star drones during the Super Bowl halftime to Amazon.com’s (AMZN) patent for its blimp-like airborne flying center to help drones quickly deliver packages, there are plenty of reasons unmanned aerial vehicles are going mainstream. “Right now, the drone industry is going through some big changes,” says Ian Smith, host of the Commercial Drones FM podcast who additionally works in enterprise growth at DroneDeploy in San Francisco. “Many companies who previously focused mainly on recreational and hobby drones are pivoting to the commercial market after facing extreme pressure from the global drone market share leader [China’s] DJI.”
What else to take into account. The PureFunds Drone Economy Strategy exchange-traded fund (IFLY), which launched in March 2016, focuses on the business drone market and consists of firms reminiscent of AeroVironment (AVAV), French-based Parrot, Boeing, GoPro and Ambarella (AMBA). More than half of the portfolio is targeted on aerospace and protection trade throughout the U.S. It carries an expense ratio of zero.75 p.c and has $9.32 million in belongings.
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