The Future is Drones

In the fourth Chapter, titled "Evaluating Environmental Opportunities," it talks about some opportunities in emerging Industries and the advantage of being a first-mover. With my interests my thoughts went to drones and quadcopters. The Book defines an emerging market as "newly created or newly re-created industries formed by technological innovations, changes in demand, the emergence of new customer needs, and so forth." Drones and quadcapters have recently become very popular and affordable for the average consumer making them an emerging industry. Believe it or not the first quadcaopter was invented in 1920 by Etienne Omnichen (quadcopterarena.com). The modern day drones that you see flying around today didn't become popular until a couple of years ago. Companies like DJI and Parrot have been around for about a decade and would be described as the "first movers" in this industry of consumer drones.

There is many opportunities in this emerging market such as package delivery, medical needs to rural towns, and there is even a sport that could arise from this industry. Since this is a fairly new Market and industry only time will tell if this will be the next big thing but it seems to be heading in the right direction.

http://quadcopterarena.com/the-history-of-drones-and-quadcopters/