Drones and the Future of Commercial and Industrial Machinery and Equipment Rental and Leasing
Overview
The field of drone technology and robotic machinery has undergone exponential growth in recent years, catalyzing a seismic shift in commercial and industrial sectors. Drones are expected to become the backbone of several industry operations, replacing traditional sources and methods of services and leasing. Infrastructure surveys and evaluations, supply chain improvements, timely delivery, and freight transportation are just a few of the sectors where the impact is evident. In this guide, we will delve into the future challenges, potential opportunities, and notable industry statistics associated with drones and commercial machinery.
Drones Reshaping Commercial Machinery Sevices
The advent of drones and robotic technologies have significantly redefined traditional methods of the machinery rental and leasing industry. According to the Drone Market Report 2020, the global drone market will grow from $22.5 billion in 2020 to over $42.8 billion in 2025, representing a tremendous growth of almost 90%. Commercial companies are fiercely exploiting these technologies to drive efficiency and enhance performance. With a consistently increasing demand, it is anticipated that Drone-as-a-Service (DaaS) will become a key business model in the forthcoming years.
Influence on Industrial Machinery and Equipment Lease
Similarly, the industrial sector has seen drastic enhancements due to these breakthroughs. Predictive maintenance, surveillance, real-time data collection, and many other operations have become sophisticated and ergonomic through robotic systems, saving time and eliminating human-error. Predictions indicate that over one third of industrial companies are expected to apply robotics and drone technologies by 2025, which signifies how these industries are rapidly transitioning towards an automated environment.
Market Challenges and Opportunities
Despite the immense potential, the drone and robotic machinery sector faces numerous challenges. Regulatory ambiguities, safety concerns, and lack of skilled operators inhibit the widespread adoption of these technologies. However, these obstacles also open doors for multiple opportunities. For instance, Goldman Sachs expects the drone industry's fastest growth to come from businesses and civil governments who will command 58% of the market. Furthermore, PwC estimates the addressable market value of drone-powered solutions in all applicable industries, to be over $127.3 billion.
Role of Cutting-Edge Software in Drone Operations
Sophisticated software plays a pivotal role in drone operations and is relied upon for securing safety certifications – a critical necessity for many companies. The advent of cutting-edge software like Control Barrier Functions (CBFs) is facilitating mathematically provable safety for drone operations which are becoming vital considerations for incorporating drones into operations.
Key Takeaways
- The global drone market is predicted to grow to over $42.8 billion by 2025, underlining the potential opportunities in the sector.
- Over one third of industrial companies are expected to apply robotics and drone technologies by 2025, indicating a transition towards automated environments.
- The fastest growth in drone industry is expected to come from businesses and civil governments, creating abundant market opportunities.
- The incorporation of sophisticated software into drone operations are facilitating enhanced safety and certifications, becoming a vital factor in the deployment of drones.
3Laws Robotics is leading the way in enhancing safety and reliability for robotic systems through the development of innovative software solutions. The primary focus is to ease the certification process, a significant hurdle for robotics companies. 3Laws Supervisor, built on Control Barrier Functions (CBFs), aims to simplify this process with robust safety features and evidence of system robustness.
The adoption of 3Laws technologies has resulted in significant efficiency gains in various industries like warehouse automation, human-robot interaction, and dynamic environments. The reactive collision avoidance capabilities ensure safe and smooth operation of robots in unpredictable surroundings, leading to minimization of downtime due to unnecessary stops or collisions.
3Laws Robotics is adaptable, compatible with common robotics middleware such as ROS and ROS2, and can work across mobile robots, cars, drones, and manipulators. The company goes beyond traditional e-stop methods. They offer proactive safety solutions that not only unlock the full potential of robotics, but also provide dynamic, predictive safety that can pass crucial certifications such as ISO 3691-4 and ISO 26262.