Exploring the drone industry – unleashing the full potential

Drones are used commercially around the world. Drones can help with everything from aerial photography for journalism, film or weddings to transporting vaccines and medicine to remote parts of the country. Investments in drone technology are increasing, as research forecasts show explosive growth. Drones are currently a booming industry. According to studies, the drone market will reach $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 make a significant impact in all industries. As the development of beyond visual line of sight (BVLOS) technology improves, it offers a wealth of new possibilities to scale business operations for a variety of applications.

Drone adoption is expected to shift gears in the coming years as funding for the field increases, coupled with a supportive government atmosphere. The government’s willingness to deploy drones for a range of uses can provide a huge boost, pushing the estimated value of local industry higher. Drones are being adopted for various use cases, especially for inspections and critical deliveries. Among them, public security/surveillance, construction, bridge inspections are the most relevant and are rapidly adopting drones as an inspection tool.

The future of drones in India

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

India could be one of the first governments to embrace the drone revolution. The global drone industry is expected to grow at a CAGR of 13.8% to reach USD 42.8 billion by the end of 2025. By 2025, India is expected to be the third largest drone market in the world. world.

Applications of drones in India and around the world

Drones are showing their value, gaining a foothold in all sectors, creating new opportunities and increasing efficiency. They have established themselves as a versatile instrument that can be used in a variety of situations.

Industrial sites

Drones, for example, are rapidly being used by industrial players to improve and optimize industrial processes and increase operational efficiency. Drones have also started to replace dangerous jobs such as mining and construction all over the world.

On construction sites, with so many moving parts, mistakes are inevitable and can be costly, especially if they require the removal and re-pouring of concrete. Performing frequent, minimally intrusive reviews as built by drone can help sites catch minor errors before they become costly errors and keep their work on track. These ratings can also be used as progress reports to keep the client informed of work progress and for billing purposes.

Deck inspections

The purpose of a bridge inspection is to generate a detailed report of any damage for compliance purposes and to equip repair crews to effectively resolve any issues. Thanks to AI-enabled drones, inspectors today are able to identify cracks and delamination in concrete, bolts, nuts, connection points in load-bearing areas. Which helps them solve the problem quickly and make bridges and roads safer.

3D models

Drones help generate 3D models of the site which, in turn, can help with building information management (BIM) coordination, where general contractors must work with subcontractors to coordinate electrical wiring, plumbing, heating, ventilation and cooling (HVAC) systems, etc. .

E-commerce

Given that 80% 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 of ordering, 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 cost 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 greater capacity of the vehicle has a significant impact on its efficiency.

Health care

Time is running out in the health sector. Therefore, drones can be a viable option to provide faster, cheaper, and more reliable delivery options. In France, drone delivery of biomedical samples took about 15 minutes on average, compared to 42 minutes on the road. In addition, distribution by drone should be 60% cheaper. Drone deliveries are expected to cost EUR 1.92 per delivery, while van deliveries cost EUR 4.59.

Energy, Utilities and Emergency Response

In energy and utilities, equipped with a thermal scanner and an RGB camera, drones can instantly capture data reported to the user in the event of an anomaly detected. Recently, the Indian government has mandated the use of drones for mine inspections and capturing reports, which is expected to reduce thefts or inadequacy of audits by at least 20%.

Drones have many uses in rescue operations, from collecting ground data through remote sensing imagery to delivering medical aid and lifesaving items to inaccessible or dangerous regions. Drones can reduce the time needed to respond to a disaster by up to 44.46%.

Environmental impact of drones

According to studies, a one-pound delivery carried by a small drone could reduce greenhouse gas emissions by 23-54% compared to a diesel truck. In addition, some studies show that delivery drones emit less CO2 than traditional modes of transport, but there is still a lot of 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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The opinions expressed above are those of the author.



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