Image by Geology (2020)
3DR - Expansion Analysis
The company continues to expand operations with support from its initial national investors, and now into the international markets with help from overseas investors in locations across Asia and Europe (Robert, 2015). With expansion efforts in mind to meet the increasing global demands, market competitors are trying to stay ahead of the innovation wave. For 3DR, an expansion opportunity in a country such as India could bring great value given the increase in consumer demands for drone use for both government and commercial applications. According to India’s Directorate General of Civil Aviation (2018), the country’s first Civil Aviation Requirements (VAR) were released to the public, which would allow consumers to fly within the airspace of the country on December 1, 2018. With government drone regulations in place, opportunities to fly drones in India are now endless. Since drones became legal to operate, India has seen drone applications across a variety of industries. For instance, Ernst & Young LLP (EY) (2018), makes note that the primary use of drones in India are by law enforcement and government agencies, to include public service sectors for common applications such as construction, mining, and railways to name a few. EY (2020) states that while dozens of industries use drones, the fastest growing commercial adopters of aerial data come from the construction, agriculture, and mining sectors.
References
3D Robotics Inc.[3DR]. (2020). About. https://www.3dr.com/company/about-3dr/
Ernst & Young LLP (EY). (2018). Make in India for Unmanned Aircraft Systems.
Office of the Director General of Civil Aviation. (2018). Civil Aviation Requirements. [PDF]. Government of India. https://dgca.gov.in/digigov-portal/jsp/dgca/homePage/viewPDF.jsp?page=InventoryList/headerblock/drones/D3X-X1.pdf
Roger. (2015, April 23). 3DR Expands Series C Funding to $64 Million [Blog post]. https://3drobotics.com/3dr-expands-series-c-funding-64-million/
