Market players demonstrating safe, effective applications will be key to the evolution of unmanned vehicle regulation and market growth
A new report from 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. : According to a new report from , current regulatory structures limit the ability to test and deploy innovative UV services, but as UV pilot programs establish the safety and reliability of the technology, regulations will likely adapt.
“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 prioritize specialized 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, , analyzes 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 .
Contact: Stefanie Bradtner
* The information contained in this press release concerning the report, Capturing New Commercial Opportunities with Unmanned Vehicles, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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