Part 1: The $45 Billion Dollar commercial UAV BVLOS Opportunity
…if your Connectivity solution can pass Regulatory approval
Take a look at the commercial BVLOS UAV opportunity
Unmanned services around the world are set to grow exponentially in various market segments. From commercial veterans to start-ups in the UAV/Drone industry, the market has yet to take advantage of it.
In fact, The frontier poised to experience explosive growth and expanding market opportunities is certifiable BVLOS (Beyond the Visual Line of Sight) operations.
Rest assure, BVLOS will be the greatest contributor to the growth in the global UAV market, with revenues eclipsing $45B by 2025*
Certification is key
According to the same article, UAVs in the commercial vertical will require an increase in certifiable BVLOS capabilities for inspection & monitoring, surveying & mapping, and aerial imaging in industries such as agriculture, media & entertainment, energy & power, and construction & mining.
Therefore, The First Step in taking advantage of these opportunities is assuring your business will obtain licensing/regulatory approval.
Currently, with the regulatory process still to be finalized, approvals come in the form of waiver certifications. As we have experienced in other industries, the main point to remember is that as the UAV/Drone market and technology co-mature, waivers and approvals will become much more stringent. This means that the window to explore, test, and implement new technologies will begin closing.
In Part 2, we will discuss the current and future challenges for mature operators and new entrants; and finally, in Part 3 we cover solutions available today – and engineered for tomorrow’s growth and scale.
Written by Scott Jonasz
VP Global Sales & Alliances, Elsight