Parrot aims to compete with the dominating drone hardware company, DJI, which is based in Shenzhen, China. DJI’s Phantom line of quadcopter drones has boosted its share of the U.S. commercial drone market.
Even with DJI’s strong grip on the market, the commercial segment continues to soar, making room for other companies to gain a foothold. The Federal Aviation Administration predicted in its 2017-2027 Aerospace Forecast that commercial drone use will reach between 442,000 and 1.6 million units by 2021.
