Exploration of drone industry – unlocking the full potential

2022-05-21 17:35:10 By : Ms. Xian Liu

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The author is the Founder & CEO at VECROS.

Drones are being used commercially all around the world. Drones can help with everything from aerial photography for journalism, cinema, or weddings to transporting vaccines and medicines to far-flung regions of the country. Drone technology investments are surging, as research forecasts show explosive growth. Drones are currently a rapidly expanding industry. According to studies, the drone market will reach USD 1.21 billion in 2022.

Today, unmanned aerial vehicles (UAVs) have established themselves as a cost-effective and efficient option for commercial applications such as surveying, navigation, and aerial photography, among others, and are positioned to have a significant impact across industries. As development of technology beyond visual line of sight (BVLOS) improves, it offers up a slew of new possibilities for scaling commercial operations for a variety of applications.

Drone adoption is expected to alter gears in the years ahead as funding in the field expands coupled with a favorable government atmosphere. The government’s willingness to deploy drones for a range of uses may provide a huge boost, pushing the homegrown industry’s estimated value higher. Drones are being adopted to various use cases, especially for critical Inspections and deliveries. Among them Public Safety/surveillance, Construction, bridge inspections are most relevant and rapidly adopting drones as a tool to inspect.

Future of Drones in India

India is the world’s leading drone importer, accounting for 22.5 percent of global UAV imports. While the bulk of drones are for military use, commercial drones are also growing in popularity. According to a study done by BIS Research, the market for commercial end-use drones is expected to surpass the military industry by 2021, with a total value of around US$ 900 million.

India could be one of the first governments to embrace the drone revolution. The worldwide drone industry is predicted to increase at a 13.8 percent CAGR to $42.8 billion by the end of 2025. By 2025, India is predicted to be the world’s third-largest drone marketplace.

Applications of Drones in India and Across the Globe

Drones are exhibiting their worth, gaining a foothold in every sector, creating new opportunities, and increasing efficiencies. They’ve established themselves as a versatile instrument that can be used in a variety of situations.

Drones, for example, are rapidly being used by industrial stakeholders to improve and optimize industrial processes and increase operating efficiencies. Drones have also begun to replace dangerous jobs such as mining and construction all across the world.

On construction sites, with so many moving parts, errors are inevitable and can be expensive, especially if they require the removal and re-pouring of concrete. Performing frequent, minimally intrusive as-built assessments by drone can help sites detect minor errors before they become costly errors and keep their jobs on track. These assessments can also serve as progress reports to keep the customer apprised of the job progress and for billing purposes.

The goal of a bridge inspection is to generate a detailed report of any damage for compliance purposes, and to equip repair teams to address any issues effectively. With AI enabled drones, inspectors today are able to identify cracks and delamination in concrete, bolts, nuts, connection points in weight-bearing areas. Which are helping them to quickly address the issue and make bridges and roads safer to travel.

Drones are helping to generate 3D models of the site which in turn can help with Building Information Management (BIM) coordination, where general contractors need to work with subcontractors to coordinate electrical wires, plumbing, heating ventilation and cooling (HVAC) systems, and more.

Given that 80 percent of deliveries for e-commerce behemoths weigh less than three (3) kilograms, drone delivery makes sense. Drones are apparently eligible for faster service within 30-minutes after the order, according to Europe’s second-largest e-commerce giant. According to their calculations, the cost of a drone delivery will be EUR 1.00, while the expense of a van service will be EUR 4.35. Vans, on the other hand, are the most cost-effective vehicles for same-day shipments, with a cost per shipment of around EUR 0.14, compared to EUR 0.59 for drones. The vehicle’s larger capacity has a significant impact on its efficiency.

Time is of the essence in the healthcare industry. As a result, drones may be a viable option for providing faster, less expensive, and more dependable delivery options. In France, drone delivery of biomedical samples took about 15 minutes on average, compared to 42 minutes on the road. Furthermore, drone distribution is predicted to be 60 percent less expensive. Drone deliveries are predicted to cost EUR 1.92 each delivery, whereas van deliveries cost EUR 4.59.

Energy, Utilities and Emergency Response

In energy and utilities, equipped with a thermal scanner and RGB Camera, drones can instantly capture the data reported to the user if there is any anomaly detected. Recently the Indian government has made it mandatory to use drones for mine inspections and report capturing which is estimated to cut thefts or audit mismatch by at least 20%.

Drones have several uses in rescue operations, from collecting ground data through remotely sensed imagery to delivering medical help and rescue items to unreachable or dangerous regions. Drones can cut the time it takes to respond to a disaster by up to 44.46 percent.

According to studies, a one-pound delivery transported by a small drone might lower emissions of greenhouse gases by 23-54 percent when compared to a diesel truck. Furthermore, some studies demonstrate that delivery drones emit less CO2 than traditional modes of transportation, but there is yet much more research to be done on the subject.

Looking at the above points it is clear that the Indian market has adapted to drones and is focused on harnessing the maximum potential of the UAV gadget.

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Views expressed above are the author's own.

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