Commercial drone pilot loses 90% of revenue due to increased competition
A commercial drone pilot from Rhode Island was making $2,000 a day back in 2015. Now he only gets about $175 dollars per day for the same work. Ever since the Federal Aviation Administration (FAA) started to allow commercial drone flights the unmanned aerial devices have come down in price while at the same time their capabilities have improved and the competition has increased tremendously resulting in dramatically lower prices. Noticeably, the new competition is not only from other smaller players but increasingly from large companies such as General Electric, Intel Corp., Verizon Communications and other well-funded startups like PrecisionHawk and Airware.