A new report from Navigant Research examines unmanned vehicle (UV) technology in the areas of agriculture, logistics, asset inspection, emergency management, and insurance, providing insight on the current and future regulatory environment.
More industries are looking to UVs to collect visual information and carry out complex tasks as a safer, cheaper, and more reliable alternative to incumbent solutions. Although the majority of today’s UV use cases are for asset inspection, aerial imaging, and agricultural operations, improving technologies will be revolutionary for newer applications that take advantage of beyond visual line of sight and autonomous operations.
“Regulation has an important role in ensuring safety and protection of the public good as these new technology solutions are trialed and rolled out commercially,” says William Drier, research associate with Navigant Research. “However, varying regulatory structures can also limit what kinds of applications can be deployed, particularly for unmanned aerial vehicles (UAVs).”
To succeed in this market, Navigant Research recommends companies identify a true value proposition over current solutions. Developers should prioritise specialised solutions for automating tasks, and be conscious that demonstrating safety and reliability will be key to the evolution of regulation and market growth, according to the report.
The report, Capturing New Commercial Opportunities with Unmanned Vehicles, analyses the increasing prevalence and advancement of UV technology in agriculture, logistics, asset inspection, emergency management, and insurance, as well as how upcoming changes will affect the growth of the market.
The study provides commentary on the current regulatory environment and how Navigant Research envisions the future of these regulations and their impact on the UV market. It also identifies opportunities for stakeholders to focus on and what lies ahead to both be better adapted in the current market environment and facilitate the adoption of commercial UV operations.
An Executive Summary of the report is available for free download on the Navigant Research website.