International Journal Of Social Behavioral â€Myassignmenthelp.Com

Question: Discuss About The International Journal Of Social Behavioral? Answer: Introduction This text analyses the emerging economy of drones and their growth in markets dependence. The growth is suspected to grow at the rate of CAGR 57% according the forecast of technological analysts (Shields 2017). The commercial drone markets background is discussed thoroughly in this case (Villasenor 2014). The impact of primary growth drivers of the market are also discussed industry wise in the text. This also includes the precision in farming and ability to inspect the primary growth seen in the industry. Further, the text gives the strategic analysis of the industry using the Porters five forces analysis tools (Chapman 2014). The key players in the industry are gathered and the percentage of their market share is given in a table. The predicted future of this industry and values of them in billion dollars are charted. The key factors industry growth reported in the discussion in the following industry (Shields 2017). The future of this industry is also dependent upon the new emergi ng industry of Internet of things and artificial industry capability. Background The purpose of inventing a drone was solely to do tasks that are of high risk is done by a skilful human. Hence, the invention was first in law enforcement and military surveillance and rescue tasks. The main purpose of using those were high altitude mapping, imaging, surveillance, forest fire monitoring, humanitarian aid, flood mapping, product delivery, emergency response, soil moisture imaging, plump dispersion aerosol source determination and others (Villasenor 2014). The commercial drone market is forecasted to be USD 2069.9 million by 2022. Growing investments in this industrys innovation and commercialisations provide more opportunities for future application (Canis 2015). This text mostly analyses the aerial, shipping and inland usage of drones. Dominos starts delivering the foods charged with solar power energy. This was also equipped with five years airborne capacity. Key reports of this industry Global commercial reports of this industry is suspected to be growing at 16.9%, from 2015 to 2020 (Crutsinger et al. 2016). North America is the major player and dominates the regional demand of the market. The demand is supposed to go high increasing the commercial sector. Agriculture purpose is the major drivers of the drones growth. This accounts for 24.13% The commercial drone industry is consists of three major competitors occupying majority of DJI innovation with 43% market share. The other two are Parrot SA and AeroVironment Inc among others (Crutsinger et al. 2016). The certain product variations that are available in the market are Fixed Wing, Rotary Blade, Nano Drone and Hybrid (Villasenor 2014). The application of these commercial drones is in mostly in Agriculture, Energy, Government and defence and Media and Entertainment (Crutsinger et al. 2016). Drones are also known as the UAV (Unnamed Aerial vehicle) the small pilot crafts are to carry loads and operate and navigate in aerodynamic forces. The top manufacturer in this industry is Dajiang innovation, which is privately held in China (Vlahovic et al. 2017). Their phantom series of this kind of products are popular worldwide. The Zero Zero robotics is also an artificial intelligence powered robots. 3D robotics is an autonomous drone manufacturing company, which is based on California (Weissbach et al. 2016). This company has claimed that they are the smartest technology manufacturing company and focused on innovation. Parrot SA is headquartered at Paris and provides its customer a Smartphone operator based smart technology. The drones are mega trend, which are here to stay and develop more in the future (Chapman 2014). The key players include Intel Corp, which takes a proactive approach in acquiring the drones start-ups from the market. The high performance in chipsets and Rea l Sense Platform are advantageous for this company. They have been active in acquiring Ascending Technologies, which were engaged with vision Processor Company of Movidius (Crutsinger et al. 2016). The players market share in the industry DJI 24% Proprietary 10% senseFly eBee 6% Aeryon 6% Gryphon Dynamics 5% Altavian 4% Aerialtronics 4% 3D robotics 2% AscTec 3% RiteWing 3% Skycatch 3% Tactical Robotics 3% others 27% Predicted value (in billion) of drones by industry in 2017 Infrastructure $45.2 Agricultural $32.4 Transport $13 Security $10 Media and entertainment $8.8 insurance $6.8 telecommunication 6.3 Mining $4.4 Strategic competitive advantage Porters five forces analysis of global commercial drones industry Drones industry has become the most cost effective way of dealing increasing the effectiveness of their internal processes. The prospect of entering the industry entering in other versatile industry is very high. The profitability and other business opportunity can be backed by the porters five forces industry analysis. Threat of new entrants This Industry comes under the artificial intelligence development application. The recognition of this industry is very recent, in addition they also have low entry costs and access to technology that have allowed the developers of IT to flock into this market (Vlahovic et al. 2017). The opportunity is huge, despite the increasing competition in this very sector. The technological innovation and advancements of the products in this industry is very essential factor to consider. The drones offers with regard to high and proficient technological innovation. Rivalry among the competitors The emerging new free market of the company despite the market competition of this drone industry faces new challenge. The major competitor of this industry is particularly the military drone technology. This application of this industry is has been long established since last decade. The weapon developers and different division of government weapon development industry dominates the other industry in the international market. A trillion dollar arms industry of this sub industry innovates the technology, which have been typically undisclosed (Weissbach et al. 2016). The application of drones are very focused on the arms dealing, therefore, the existing competitors limits the threat of rivalry in the position. The other implication of this drone industry depends on the consumers trust bases. The core need of their products is eventually dependent upon the producers innovating capability. It can be expected in the future that there will be strong rivalry among the manufacturers in the future (Janssen 2015). Bargaining power of suppliers The bargaining power of the suppliers is less as more and more companies are entering the market of different advantageous position. It also depends on the power supplier market of the company. Suppliers of this market is known as the IT professionals (Canis 2015). Bargaining power of customers The drone industry products are reasonably priced because of advancements of technologies. In spite of the novelty, the prices are low. Consumers hold no greater power in the purchase process. The ability to bargain is virtually removed because of complex structure of this industry. Hobbyists can purchase the different quality drones in reasonable price with the features like different altitudes, directions and speeds enabled in the products. In addition, this factor is also a reason of having higher competition in the industry. The choice depends upon the customer. Therefore, they have more power in bargaining terms. The military sub industry is where the company develops specific military organisations, for example NATO (Janssen 2015). Threat of substitutes The industry is itself a threat to the established business process. The threat that the companies in this industry will replace the human resource exists in economy are driving the demand of this drones higher than expected. This new trend in technology is very much in demand and very low threat of substitutes has been identified (Loscri 2014). Reference Canis, B., 2015.Unmanned aircraft systems (UAS): Commercial outlook for a new industry. Washington: Congressional Research Service. Chapman, A., 2014. It's okay to call them drones.Journal of unmanned vehicle systems,2(02), pp.iii-v. Crutsinger, G.M., Short, J. and Sollenberger, R., 2016. The future of UAVs in ecology: an insider perspective from the Silicon Valley drone industry. https://reliabilityweb.com/news/article/global-commercial-drone-market-to-exceed-2-billion-by-2022 Janssen, S.L., 2015.Assessing the perception of drones in the construction industry(Bachelor's thesis, University of Twente). Loscri, V., Natalizio, E. and Mitton, N., 2014, April. Performance evaluation of novel distributed coverage techniques for swarms of flying robots. InWireless Communications and Networking Conference (WCNC), 2014 IEEE(pp. 3278-3283). IEEE. Shields, B., 2017. Air Traffic Control: How Mexican Cartels are Utilizing Drones to Traffic Narcotics into the United States.Penn State Journal of Law International Affairs,5(1), p.207. Villasenor, J., 2014. Drones and the future of domestic aviation [Point of View].Proceedings of the IEEE,102(3), pp.235-238. Vlahovic, N., Knezevic, B. and Batalic, P., 2017. Implementing Delivery Drones in Logistics Business Process: Case of Pharmaceutical Industry.World Academy of Science, Engineering and Technology, International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering,10(12), pp.3981-3986. Weissbach, D., Weissbach, D., Tebbe, K. and Tebbe, K., 2016. Drones in sight: rapid growth through MAs in a soaring new industry.Strategic Direction,32(6), pp.37-39.