Market Overview

Titan Underwater Drone Wades Past its Challenges Thanks to Kickstarter Campaign, Focuses on Future Goals


Titan Underwater Drone Wades Past its Challenges Thanks to Kickstarter Campaign, Focuses on Future Goals

PR Newswire

SAN FRANCISCO, Aug. 8, 2018 /PRNewswire/ -- The Titan Underwater Drone successfully completed its Kickstarter campaign, raising $200 thousand. Although Titan's stability and underwater reconnaissance and recording capabilities allow it to comfortably operate at depths of 150 meters, and the external peripheral hardware which combines 4k cameras and an extendable port make Titan more competitive, Titan still has its eye on innovation and capturing a controlling market share to literally make waves in the industry.

Titan is on Indiegogo (PRNewsfoto/Geneinno)

Future developments include establishing manufacturing channels and online/offline channels as well as more adding accessories like robotic arms and underwater sonar. Titan is looking to further develop streams for investment to increase the financial portfolio of the company so that economies of scale can be reached for the product to be made more accessible. Despite these plans, Indiegogo will continue to play a vital role for Titan.

The obvious question of what this launch will mean for the industry at large prevails. To answer this question, it is best to look at what the Titan is capable of. As Geneinno stressed on the drone's recording and image stabilization qualities, the drone offers wider opportunities for content creators and film makers.

The fact that National Geographic has showed intent by endorsing the concept has given legitimacy to the company's vision. Furthermore, the fact that the retail price is expected to go down from $2,700 for the top of the line model means that Titan will be able to compete with well-established drone manufacturers, diversifying the market via positioning the product so it not only serves as a niche item but also a novelty and upmarket piece of technology.

Titan Underwater Drone is available on Indiegogo with a 30% off discount.

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SOURCE Geneinno

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