McKinsey - Commercial drones are here: The future of unmanned aerial systems

McKinsey - Commercial drones are here: The future of unmanned aerial systems

December 4, 2017
December 4, 2017
 
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Summary

Investment in unmanned aerial systems is soaring, but challenges remain. Here’s what stakeholders need to know about the evolving landscape.

Most people think of a drone, also known as an unmanned aerial system (UAS), as a sophisticated military technology or a hobbyist’s tool for capturing images of foliage, sporting events, and cityscapes. But businesses across industries realize that drones have multiple commercial applications, some of which go beyond basic surveillance, photography, or videos, and they are already using them to transform daily work in some industries. Insurance companies are using drones to inspect damaged assets, for instance, and farmers are sending them to monitor crops and collect soil data. Even more dramatic changes could be in store as innovators explore new uses, including drone-delivery services for retail stores and air taxis for commuters.

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Highlights7

 
McKinsey & Company
 
Unmanned aerial vehicle
 
An unmanned aerial vehicle (UAV), commonly known as a drone, is an aircraft without a human pilot aboard.
Delivery drone
 
A delivery drone, is an unmanned aerial vehicle (UAV) utilized to transport packages, food or other goods.
Quadcopter
 
A quadcopter, also called a quadrotor helicopter or quadrotor, is a multirotor helicopter that is lifted and propelled by four rotors.

Photos - Commercial Drones57

Unmanned Aerial Vehicle

An unmanned aerial vehicle (UAV), commonly known as a drone, is an aircraft without a human pilot aboard. UAVs are a component of an unmanned aircraft system (UAS); which include a UAV, a ground-based controller, and a system of communications between the two. The flight of UAVs may operate with various degrees of autonomy: either under remote control by a human operator or autonomously by onboard computers.[1]

Compared to manned aircraft, UAVs were originally used for missions too "dull, dirty or dangerous"[2] for humans. While they originated mostly in military applications, their use is rapidly expanding to commercial, scientific, recreational, agricultural, and other applications,[3] such as policing, peacekeeping,[4] and surveillance, product deliveries, aerial photography, agriculture, smuggling,[5] and drone racing. Civilian UAVs now vastly outnumber military UAVs, with estimates of over a million sold by 2015, so they can be seen as an early commercial application of Autonomous Things, to be followed by the autonomous car and home robots.

Delivery Drone

A delivery drone, is an unmanned aerial vehicle (UAV) utilized to transport packages, food or other goods.

McKinsey

McKinsey & Company is a worldwide management consulting firm. It conducts qualitative and quantitative analysis in order to evaluate management decisions across the public and private sectors. McKinsey publishes the McKinsey Quarterly since 1964, funds the McKinsey Global Institute research organization, publishes reports on management topics, and has authored many influential books on management. Its practices of confidentiality, influence on business practices, and corporate culture have experienced a polarizing reception.

McKinsey was founded in 1926 by James O. McKinsey in order to apply accounting principles to management. McKinsey died in 1937, and the firm was restructured several times, with the modern-day McKinsey & Company emerging in 1939. Marvin Bower is credited with establishing McKinsey's culture and practices in the 1930s based on the principles he experienced as a lawyer. The firm developed an "up or out" policy, where consultants who are not promoted are asked to leave. McKinsey was the first management consultancy to hire recent college graduates, rather than experienced managers.

In the 1980s and 1990s, the firm expanded internationally and established new practice areas. It had 88 staff in 1951 and 7,700 by the early 2000s. McKinsey's consulting has helped to establish many of the norms in business and contributed to many of the major successes and failures in business in the modern era.

Featured Article1

Featured Topics - Unmanned Aerial Vehicles4

Featured Topics - Aviation & Related Applications20

Featured Topics - Related Technologies5

Featured Topics - Regulatory Issues6

Videos611

News Articles24

Top drone maker will sell $16,500 drone for farmers on Amazon, CEO says
  –  December 15, 2017
"Mad Money" host Jim Cramer sat down with AeroVironment President and CEO Wahid Nawabi to hear about his defense and commercial drone company's new products. Nawabi showed Cramer a new product for the agriculture industry that is available for purchase ...
OUR SAY: Why council’s new drone ban has missed the mark
  –  December 15, 2017
That was how many of Ballarat’s commercial drone operators felt when they woke to the news Ballarat City Council now required permits to fly drones on municipal land. Imagine your child unwrapping their Christmas present – a drone – only to find out ...
Could an unmanned aerial vehicle, or drone, be useful on the ranch?
  –  December 15, 2017
But producers should understand that operating a drone on the ranch, or for any commercial or business purpose, does require registering the drone with the Federal Aviation Administration and acquiring a Part 107 UAS Pilot License for commercial drone ...
What Kind of Insurance Do Commercial Drone Operators Need?
  –  December 14, 2017
We’ve talked about what it means for commercial drone operators to assess risk, but the nuances associated with different types of insurance and whether or not standard policies cover a given operation have many people exposing themselves to liability ...
How Robots and Artificial Intelligence Will Transform Mining
  –  December 14, 2017
8K offers 16 times the resolution of HD. In short, Ambarella is the market leader for the cameras used in commercial drone technology, giving it huge upside potential as the mining industry continuously shifts in that direction. #5 Hecla Mining Company ...
Vigilant Aerospace Closes Investment Round with The Flying Object
  –  December 14, 2017
Vigilant Aerospace has announced a new investment from Kluz Ventures, through its commercial drone and robotics fund The Flying Object. The Flying Object (TFO) makes investments into US and international unmanned aerial systems technology and service ...
High flying marketing: Jacksonville's emerging drone industry
  –  December 14, 2017
Fade to black. ¶ A home was just sold. ¶ Since the liberalization of commercial drone regulations in 2016, unmanned aerial photography has gone from a hobby to a business. ¶ Although drones are used for everything from security to surveying, the most ...
TerraDrone and LG U+ Launch First UTM System in South Korea
  –  December 14, 2017
LG U+ is one of South Korea’s three major telecommunication companies and has just made a full-scale entry into the commercial drone business to lead the 5G era.
The Flying Object Fund Invests in Vigilant Aerospace
  –  December 14, 2017
Vigilant Aerospace, provider of the FlightHorizon situational awareness and detect-and-avoid system, received a new investment this week from Kluz Ventures, through its commercial drone and robotics fund The Flying Object. Vigilant Aerospace’s product ...
Oklahoma business briefs for Dec. 14.
  –  December 14, 2017
Aerospace fund gets new investment Oklahoma City-based Vigilant Aerospace announced Wednesday a new investment from Kluz Ventures, through its commercial drone and robotics fund The Flying Object. The Flying Object makes investments into unmanned aerial ...
Star Wars and drone spies threaten America’s defenses
  –  December 14, 2017
Star Wars’ newest episode “The Last Jedi” is hitting screens nationwide this week, but less entertaining is this season’s latest space weaponry and commercial drone deployments that increasingly threaten America’s national security. Kim Jong Un ...
Drones Fly to the Aid of 15th Century Cathedral
  –  December 14, 2017
Intel is powering inspections and damage assessment of the cathedral with its advanced commercial drone technology. Though damage to the Halberstadt Cathedral was repaired in the decades after World War II, the historical structure has since seen plenty of ...
How Robots And AI Will Transform Mining
  –  December 14, 2017
In short, Ambarella is the market leader for the cameras used in commercial drone technology, giving it huge upside potential as the mining industry continuously shifts in that direction. #5 Hecla Mining Company (NYSE: HL) Hecla Mining Company is the ...
Drone Use Case: Intel’s Falcon 8+ Drone Helps Preserve 15th Century German Cathedral
  –  December 13, 2017
In collaboration with experts from Bauhaus University Weimar and Kulturstiftung Sachsen-Anhalt, a foundation for the preservation of cultural monuments, Intel is powering inspections and damage assessment of the cathedral with advanced commercial drone ...
Russian scientists seek patent for drone-ready 3D printed brushless motor
  –  December 13, 2017
In addition to the rise in commercial drone sales, military forces are also using UAVs more and more to carry out surveillance and other missions. In the U.S. Marines, for instance, 3D printing has been heavily used to develop new military drones.
Commercialization fellows present new technologies
  –  December 13, 2017
He said the most apparent customer for his product would be the commercial drone industry, because lightweight, high-capacity batteries would allow drones performing tasks such as power line inspection to fly for longer periods without interruption and bat ...
Why The Smallest Aircraft Are Causing The Biggest Fights
  –  December 13, 2017
At Kittyhawk, where I spend my days as the CEO, we are in a unique position to be staunch and unequivocal advocates of the commercial drone industry. This is a luxury that not everybody in the aviation industry has. We know that without regulations ...
Isis use of hobby drones as weapons tests Chinese makers
  –  December 13, 2017
With a wingspan of more than two metres, the X-8 commercial drone manufactured by China-based Skywalker Technologies is a favourite among hobbyists and aerial photography enthusiasts. But the aircraft, which can be bought for just a few hundred dollars ...
Embry-Riddle Announces Free Online Drone Operations Course
  –  December 13, 2017
Called a MOOC, for Massive Open Online Course, class participants will learn about related drone equipment, airspace, legal requirements and flight planning tools, as well as how to step up to the next level and become commercial drone operators.
Alton police officer takes drone training, chief has no plans to buy device
  –  December 12, 2017
A commercial drone operator must pass an initial, aeronautical knowledge test at an FAA-approved knowledge testing center and must be vetted by the Transportation Safety Administration (TSA) before obtaining the certificate, according to the FAA website ...
Aeronyde Receives $4.7M Seed Funding To Build Drone Infrastructure
  –  December 12, 2017
The Aeronyde team is working with US regulators and international associations to define standards and protocols for the safe implementation of commercial drone technology. Key partnerships include: IBM Watson: Aeronyde is conducting rigorous testing ...
2 Growth Stocks You Won't Want to Miss
  –  December 11, 2017
While projections about drone sales vary wildly, Goldman Sachs believes the commercial drone industry alone could be a $21 billion market by 2021. So far, so good, and AeroVironment surprised the market announcing a profitable fiscal 2018 second quarter ...
Commercial Drone Alliance, Hogan Lovells Host Domestic Drone Security Event
  –  December 9, 2017
The commercial and consumer drone markets are growing exponentially, making it difficult for policymakers to keep up. To facilitate an ongoing, open dialogue about the security issues facing the drone industry, the Commercial Drone Alliance and global law ...
Insurtech startup releases commercial drone package for property insurance inspections and claims
  –  November 9, 2017
Insurtech startup Betterview, a service provider for capturing and analyzing data from drones, has announced a commercial drone inspection package for insurers. The pre-assembled package, which is available in Canada, includes a DJI drone, software and ...

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