GoPro Inc (GPRO) Will Capture $11.5 Billion Drone Market in 2015?


In an article on Washington Post, Dominic Basulto said reported that GoPro Inc (NASDAQ:GPRO) is looking to get into the consumer drones industry. The source referred to a report by Wall Street Journal, which has claimed that GoPro Inc (NASDAQ:GPRO) will launch its drones in 2015. A GoPro Inc (NASDAQ:GPRO) drone will be priced anywhere between $500 to $100. The company has not denied or confirmed this claim. Basulto thinks that for any market or industry to grow, there must be one or two giants that could adapt it. Gopro has made its mark in the action camera industry within a very less time.

GoPro, is Go Pro a good stock to buy,

The future is bright for consumer drones. Different companies are considering these drones to deliver their orders at customer doorsteps. GoPro Inc (NASDAQ:GPRO) has recently joined a drone lobbying club, which shows its interest in the drones market.

The source quoted Teal Group, an Aerospace firm, which has published a report on drone industry. The report claims that over the next 10 years. Military and civil drones industry will get doubled from $6.4 billion to $11.5 billion.

The article says that in order to become the world leader in the drone industry, GoPro Inc (NASDAQ:GPRO) will have to innovate something out of the box. Drones are the next big thing and there is a slew of companies working on this field.

In the US, there is no drone company which can pose a threat to GoPro Inc (NASDAQ:GPRO). Time is ripe for the action camera company to move forward and become the drone hero in 2015.

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