THE RISE IN THE DRONE INDUSTRY

The rise of the Drone Industry:

?Federal Aviation Administration (FAA) granted hundreds of new releases for companies to operate drones through the FAA in the USA. After that drone industry's growth took flight.

Exemptions included some new cases in many industries like insurance, construction, and construction.

DroneFly evaluated that drones can spray fertilizers 40 to 60 times faster than by hand. According to the UN project, the world population will be increased up to 9 billion by 2050 and this will cause a rise in agricultural consumption of more than 68% between 2010 and 2050. Widespread use of drones in agriculture includes livestock and crop monitoring and fertilization.

Dones used in construction and mining ultimately could become a $28.3 billion global market according to PwC. The process of inspection could take 10 hours to a few days but with drone technology, it can be done within ten to fifteen (10-15) minutes.

Drones are widely used in law enforcement police forces use drones for different situations like investigating bomb threats, chasing armed suspects, etc. drones are an affordable alternative to helicopters, moreover, they allow to navigate dangerous situations ensuring the safety of the officers.

According to the drone industry insight report 2020, the worldwide drone industry is expected to increase by more than 12.8 percent CAGR to $48.2 billion by 2025.

During wildfires, drones can survey the range of affected areas and how rapidly the fire is spreading, and with the help of images taken the damage caused to the area can be viewed.

Technologies continue to evolve and grow in the future drones will also become safer and more dependable. The adoption of drone technology across industries rushed the fad stage to the mega-trend stage quickly. Drone technology is constantly advancing so drone tech is undergoing improvement it has seven potential generations, and the majority of current technology sits in the sixth generation.

Classifications of the drone technology generations:

1.????Generation 1: basic remote control aircraft.

2.????Generation 2: static design, video recording, still photos, fixed camera, manual piloting control.

3.????Generation 3: HD video, basic safety models, assisted control.

4.????Generation 4: Three-axis gimbals, improved safety modes, autopilot modes.

5.????Generation 5: Transformative designs, 360-degree gimbals, 4K video, intelligent piloting modes.

6.????Generation 6: Standard-based designs, payload adaptability, commercial suitability, full autonomy, automated safety modes, and airspace awareness.

7.????Generation 7: Complete commercial suitability, auto action, enhanced intelligent piloting models.

3D robotics announced a smart drone named Solo, with built-in sensors, abidance tech, and self-monitoring this generation will be the next big spin in drone technology that will give new possibilities in different industries like transportation, commercial sectors, military, and logistics.?

South Korean government is about to invest more than $1 billion in the drone industry. south Korea has many plans to uplift the drone infrastructure by 2025. China and USA settled the leading positions in the market of drone industry. South Korea is having a fancy for taking place of these countries. South Korea has particular plans and targets regarding drone industry. Research and development in drone industry is going to be done through funds provided by government.