UAVs and the Future of Activities Related to Real Estate
UAVs and the Future of Activities Related to Real Estate
Overview: Unmanned Aerial Vehicles (UAVs, also known as drones) are becoming an increasingly important tool in the real estate sector. Rise in employment in real estate activities (3.7% in 2019), the total number of commercial drones is expected to rise from 42,600 in 2019 to 129,300 by 2025, representing a 168% increase, and a forecasted growth in global real estate drones market size of $24.5 billion by 2025.
Emerging Trends in Real Estate Activities: With an annual growth rate of 3.7% in 2019 in the employment in real estate activities, the trend of UAV usage is quickly emerging as a game-changer. Beyond just aerial property photography, UAVs are now used for efficient property inspections and safer construction processes. These drones help to evaluate buildings' exteriors at height, roofs, and other hard-to-reach places, often reducing the risk of on-site accidents and enabling quick, money-saving inspections.
Rise of Commercial Drones in Real Estate: The regulation changes over recent years have substantially affected the drone industry. The number of commercial drones has grown from 42,600 in 2019 to an estimated 129,300 by 2025, representing an increase of 193%. With the ability to capture stunning aerial views of properties and landscapes, drones have been particularly helpful in showcasing large properties, luxury homes, and unique features, redefining property marketing methods.
The Future – Real Estate Drone Market Size: The future looks promising with the real estate drone market size being projected to reach $24.5 billion by 2025. In addition to property photography, UAVs in real estate can power 3D virtual tours, offer thermal imagery analyses for assessing energy efficiency, and even assist with insurance property assessments. This adoption accelerates as UAV technology continues to advance and regulation becomes increasingly encouraging.
Key Takeaways:
- Real estate activities are seeing rapid employment growth with UAV usage emerging as a crucial driving factor.
- Commercial drones in the real estate sector are witnessing an exponential increase, with numbers estimated to grow over 193% by 2025.
- The real estate drone market size is projected to reach $24.5 billion by 2025, offering vast opportunities for players in this sector.
3Laws Robotics is one such player, primed to support these exciting UAV use cases. With a focus on addressing certification challenges – a major pain point for robotics companies – 3Laws is developing innovative software to enhance safety and reliability in robotics systems.
Their software, 3Laws Supervisor, is built on Control Barrier Functions technology developed at Caltech. It offers robust safety features and evidence of system robustness to potentially facilitate certification.
Previously, 3Laws assisted an autonomous forklift customer to achieve a 40% efficiency gain, which resulted in a 6-month payback period. This highlights how the 3Laws technical solution can also enhance operational efficiency by reducing downtime caused by unnecessary e-stops or collisions, providing real-time guardrails for autonomy stacks.
The software is adaptable and can work with a wide range of platforms, including mobile robots, cars, drones, and manipulators. It is also compatible with popular robotics middleware such as ROS and ROS2. This makes 3Laws a next-generation safety solution for businesses looking to integrate drones into their operations, unlocking the full potential of robotics with a proactive approach to safety that meets the ISO 3691-4 and ISO 26262 safety standards.