3/28/2024 0 Comments Future uAV flight control systemThese might be most useful for extending connectivity to remote areas or increasing it when demand surges. Drones have also found a place in entertainment and advertising, either pulling banners or putting on light shows.Įven more intriguing are the applications that are still under development or in their early stages, including drones equipped to emit radio or video signals or other forms of bandwidth for connectivity. They complete tasks normally counted among the “three Ds”-dull, dirty, or dangerous, such as window washing. Some drones that assist with operations are on the market, and this category is still growing. For instance, construction-technology company Veerum uses drones and 3-D imaging to create “digital twins” of projects, accurate down to the millimeter, allowing companies to validate their work against 3-D models. Some players are also investigating industry-specific solutions. Some big tech companies are investigating drone-delivery services, while others are exploring whether specially equipped drones can supply Internet connections in remote areas. Originally viewed as a military tool, drones have established a presence in the corporate world over the past five years. How can UAS stakeholders capture or create value? What issues need their attention now? What are the forces that will determine how the UAS market evolves? What technologies provide growth opportunities, and how can companies proactively shape demand? What is the real potential of the market? Which segments of the value chain are attracting investment, and are there areas of untapped opportunity? This article addresses three topics that may help them sort through the current uncertainty: The situation with air taxis may be extreme, but similar issues could arise with any UAS application.Īlthough some of the most innovative drone applications may take years to develop, stakeholders-government officials, investors, regulators, members of the UAS industry, and corporate adopters-must understand how the landscape is evolving and begin refining their UAS strategies now if they want to branch beyond their current uses and capture additional value. Government officials will not rubber-stamp a proposal for unpiloted flights, nor will cities automatically invest in infrastructure for drone takeoffs, landings, and storage. Other hurdles involve regulatory approval and infrastructure. These technologies are still in early development, and public acceptance is uncertain. Take air taxis, which are drawing much press attention. Investment is soaring, but many companies are directing their funds to untested applications. (This article focuses on the growing commercial market, as the military-, security-, and intelligence-applications markets are already advanced.)Īs with any new industry, the UAS market could take some unexpected turns. Developments within the United States could thus signal how commercial drone usage and investment will proceed in other markets. The improvement in GDP will be generated by UAS manufacturing, associated services, and drone-enabled productivity improvements, such as more efficient inspection of remote pipelines. By 2026, we estimate that commercial drones-both corporate and consumer applications-will have an annual impact of $31 billion to $46 billion on the country’s GDP. McKinsey analysis Teal Group, 2017 World Civil Unmanned Aerial Systems Market Profile & Forecast, 2017. The United States has been a particularly strong source of commercial growth, with the value of drone activity rising from $40 million in 2012 to about $1 billion in 2017.
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