Drones and the Future of Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing
Overview
This guide explores the role of drones and the future of commercial air, rail, and water transportation equipment rental and leasing. The transportation and logistics industry is one of the fastest evolving sectors due to the rapid advancements in technology, specifically drones and robotics. This piece focuses on key statistics on how drones are revolutionizing the sector and introduces 3Laws Robotics, a company offering transformative solutions for safety and efficiency in robotics applications.
Growth in the Commercial Drone Market
The commercial drone market is showing significant growth over the last few years, pointing to a promising future. It's anticipated that by the year 2027, the global commercial drone market could reach a staggering $129.23 billion. Businesses agreeing to integrate drones into their operations have grown by at least 58%, pointing towards greater adoption of this technology. Major market players, such as 3Laws Robotics, are developing innovative software aimed at enhancing these drone operations’ safety and reliability.
Impact on Air, Rail, and Water Transportation
The impact of drones on air, rail, and water transportation is undeniable, with up to 85% of all inspections of these infrastructures expected to be drone-operated by 2024. Drones offer a safer and cost-effective alternative for these inspections, particularly in difficult-to-reach areas. Similarly, drones are finding increased use for crucial tasks such as cargo delivery, with statistics showing drones capable of delivering up to 68% of all cargo by 2023. This trend reflects widespread industrial recognition of the efficiency, safety, and versatility provided by drones.
Benefits to Equipment Rental and Leasing Industry
In the equipment rental and leasing industry, drones are revolutionizing operations by enhancing efficiency and cost-effectiveness. The remarkable 38% growth in drone-based surveying equipment renting and leasing is a testimony to this development. Furthermore, drone usage could result in a 20% reduction in the insurance costs of the rental and leasing companies due to reduced incidents and improved safety records.
Key Takeaways
- The commercial drone market is set for significant growth, likely to reach a value of $129.23 billion by 2027.
- Adoption of drones by businesses has grown by 58%, reflecting an increased utilization of this technology.
- Drones are expected to carry out 85% of inspections for air, rail, and water infrastructure by 2024.
- Drones could handle up to 68% of all cargo deliveries by 2023.
- Drone-based surveying equipment renting and leasing have grown by 38%, reflecting their transformative impact on this industry.
- Drone usage could lead to a 20% reduction in insurance costs for rental and leasing companies.
3Laws Robotics is an innovative software company focused on enhancing safety and reliability for robotics systems. With a particular emphasis on solving the challenge of certification, 3Laws is developing solutions to streamline this process and provide solid safety features for system robustness.
3Laws Supervisor is their flagship software, backed by Control Barrier Functions technology developed at Caltech, which ensures mathematically provable safety for robotics. This software supports varied use cases across multiple industries and applications:
- It drove a 40% efficiency boost in warehouse automation systems
- Enhanced human-robot interactions by allowing safe and uninterrupted operation of robots near humans
- Enable robust navigation in dynamic environments through reactive collision avoidance features.
Not only does 3Laws aim at reducing downtime caused by unnecessary e-stops and collisions, but it also ensures that robots can operate nearer their peak capabilities without compromising on safety. 3Laws' software is flexible and adaptable across a range of platforms, whether cars, drones, or manipulators.
3Laws positions itself as a next-generation safety solution going beyond traditional emergency stops. They provide a proactive approach to safety that leverages dynamic, predictive capabilities for safety certification compliant with ISO 3691-4 and ISO 26262 standards.