Will 2018 Be the Year of the Personal Drone?
Drones have gotten a lot of attention over the past few years as they've created new markets for everyone from weekend hobbyists to realtors to professional drone racers. Personal unmanned aerial vehicles (UAVs) -- purchased mainly by consumers for shooting pictures and videos -- make up 94% of the market. Unit sales spiked 60% in 2016, according to research firm Gartner, which forecasts a further pop of 39% this year.
After such a huge increase in personal drone sales, some investors may wonder whether this market has plateaued. Fortunately, there appears to be plenty of room for more growth next year, and upcoming innovations mean that 2018 could be a big year for the devices. But it's still unclear whether this growth will help chipmaker Ambarella (NASDAQ: AMBA).
Image source: GoPro.
Source: Fool.com
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