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Samsung Gets Into Drones 70% Of Future Products Will Be IoT capable

Samsung Gets Into Drones 70% Of Future Products Will Be IoT capable
Samsung Gets Into Drones 70% Of Future Products Will Be IoT capable

Overnight the Korean Company has come out and said that going forward they are set to focus on ‘drone’ and ‘IoT’ as its next future businesses, they have ditched any investment in 3D-Printing.

Samsung last year bought IoT company Smart Things and plans to use Smart Things technology to introduce an open IoT platform called Artik according to sources. 

The company also plans to equip 70 percent of its household appliances with iOT technology by 2017 and include it in all products by 2020, the report said.

In drones, Samsung is poised to make a major market impact because it already makes the sensors, semiconductors, software, and communication technologies needed for drone use, the report said. Samsung is also positioned to connect drones to its smartphones, VR gear, and other products that it offers.

Samsung believes that drone and IoT are areas that can create profit immediately both in the consumer and B2B markets where Companies like Amazon are moving to use commercial drones for retail delivery. 

According to US defence industry consulting Company, Teal Group, the global drone markets is expected to grow from $5 billion in 2014 to $10 billion in upcoming 2020.

Global businesses are also actively jumping into drone businesses. Google and Facebook are speeding up their drone businesses after they acquired Titan Aerospace and Ascenta respectively. 

The Korean Times said that ‘Although Samsung Electronics is entering drone markets later than other global businesses, it is expected that they will have huge influence on markets as they manufacture a variety of elemental technologies such as sensors, semiconductors, software, communication technologies and others that are necessary for Drones.