As such, there is no denying how future based interactions and technologies shall involve a great amount of inclusion from drones. At least that’s what the latest SkyLogic 2018 Drone Market Sector Report has to say as it draws valuable insights from global drone market across sales, software services and public agency usage. The study had its chief focus upon the incessant demand for major use of “Drone Acquired” data across certain business operations to enhance their operating efficiency. In all probability, an increasing number of companies are looking to make the most of drone technology to speed up their delivery process and modus operandi as well. Here’s a look at five such key insights of the drone industry that is surly going to change the game for good.
Software fostering growth
A significant rise in software licenses and subsequent volume entering the market of drones and aircraft sales shall help to contribute towards the setting up of a slew of industrial or commercial operations across the globe. As such, these emerging trends will lead to restructuring as well as consolidation and company layoffs. Also, it shall limit the barrier entry to the drone market, and increase completion across the industry. Moreover, there will be a rise in the number of flights plying commercially. Studies report how companies working with drones are usually making use of drones across a couple of projects alone and that those drones do not stay in the air for a period more than three hours, on an average. Reportedly, the commercial drone market is on the verge of shifting and the trend shall continue in years to come. The average cost of a drone that is being bought in course of one year for instance has increased well over to $2,000. With more number of companies opting to embrace technology for good, the cost of drones is expected to rise almost double.
This story is from the October 2019 edition of Aviation Update.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2019 edition of Aviation Update.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Future Cultural Challenges for Airlines And Airports
Introduction Assuming we are all alike is one of the greatest mistakes we human beings are making all the time. Another mistake we constantly make is to assume that our way of doing things is the only right way. So when people do things differently e.g. how people queue up or what we ascribe status to we try to educate them to do or see it our way. This is usually not well received and a conflict starts.
Boosting the growth of MRO Industry
Dr. Praveen Srivastava, Founder & CEO - AeroChamp, in conversation with our Special Editor Rohith Reddy on the reforms needed in the industry
MoD issues RFP for construction of six P-75(I) submarines for Indian Navy
As a major initiative towards ‘Make in India’, Ministry of Defence (MoD) has issued Request of Proposal (RFP) for the first acquisition programme under the Strategic Partnership Model for construction of six AIP fitted Conventional Submarines named Project 75(India) [P-75(I)] for the Indian Navy, on July 20, 2021.
Lockheed Martin Opens Advanced Manufacturing Facility to Expand Orion Spacecraft Production
Lockheed Martin opened its Spacecraft Test, Assembly and Resource (STAR) Center. The STAR Center features business and digital transformation innovations that will expand manufacturing, assembly and testing capacity for NASA's Orion spacecraft program and ultimately, future space exploration.
Rafale Aircraft Formally Inducted into 101 Squadron of the IAF
The Indian Air Force formally inducted Rafale aircraft into No. 101 Squadron at Air Force Station Hasimara in Eastern Air Command (EAC) on 28 Jul 21.
Forward towards growth
Yogesh Garg, Director, Sales - Asia Pacific - De Havilland in an exclusive interview with our Editor Mr. Kartikeya
RoyalJet adds European based BBJ to world's largest fleet
RoyalJet, the Abu Dhabi-owned and operated award-winning premium private aviation leader, has added a privately owned Boeing Business Jet (BBJ) to its growing fleet of managed aircraft.
Tata Boeing Aerospace Delivers 100th Fuselage for the AH-64 Apache Combat Helicopter
Tata Boeing Aerospace Limited (TBAL) announced the delivery of the 100th fuselage for the AH-64 Apache combat helicopter to Boeing from its state-of-the-art manufacturing facility in Hyderabad.
Textron gets order for up to 150 Cessna Grand Caravan EX aircraft
Textron Aviation announced Surf Air Mobility has signed a purchase agreement for up to 150 Cessna Grand Caravan EX single-engine turboprop aircraft, with an initial fleet order of 100 aircraft and an option for 50 more.
Virgin Galactic completes first fully crewed spaceflight
Virgin Galactic’s VSS Unity successfully reached space on July 11, completing the company’s fourth rocket-powered spaceflight. The flight was the 22nd test flight of VSS Unity and the first test flight with a full crew, including Indian American SirishaBandla in the cabin, including the Company’s founder, Sir Richard Branson.
