In terms of technological advances camera drones are a result of how far we have reached in terms of technology, that we are able to fly an object wirelessly at a distance by either using a remote control or a smart phone and video tape the entire flight. This is amazing because technology and innovation will never stop to amaze us, and a camera drone is a perfect example to prove that. Just like any other technology that comes out in the market place; Drones and Drone Accessories are going to raise some competition and the result of that can be good or bad depending on your place in the market.
For example, Lily Robotics which was a great tech startup, inspired by few engineers at the University of California Berkeley robotics lab, unfortunately has failed to compete with some of the companies that are already established, in particular the ones in China. Even though Lily Robotics had a great vision to the future and their drone was unique because it required no remote control but a watch-like device that will allow the drone to follow you and record the activity you are doing from a bird’s view.
With 60,000 pre-orders Lily Robotics was not able to compete with established companies especially when it came to the time of production. The market place has its downfall and it creates competition that can be unfortunate for some. This resulted in closing down Lily Robotics and all the customers who have ordered their drone will be refunded their money. Lily Robotics is not the first start-up to fail, there are many and will continue to be many until few dominant companies control the market place. Other ideas are being created in the Drone business and the future will reveal wonders to what is possible and what is not.
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