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Drones expected to grow to $100 billion market as they take off in commercial and industrial sectors while delivery market beckons

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Small Unmanned Aerial Systems (sUAS), more commonly referred to as drones, have been in the public eye for well over this decade and a hype cycle developed around its applications for the consumer and commercial space.

The high-profile failure of major drone manufacturers and software providers, such as US firm Airware in 2018, somewhat tempered initial enthusiasm, causing early projections from industry organizations such as the Association for Unmanned Vehicle Systems International (AUVSI) to look overly optimistic.

However, according to a new report from global tech market advisory, ABI Research, commercial drone usage, especially in the industrial space, will be a source of accelerating growth throughout the next decade with $101 billion in revenue being created annually by 2030 across the commercial, military, civil, and consumer sectors. [Read more…] about Drones expected to grow to $100 billion market as they take off in commercial and industrial sectors while delivery market beckons

Neolix inaugurates factory for manufacturing autonomous vehicles

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Neolix, a maker of small autonomous delivery vehicles, has laid the foundation stone to mark the start of building a factory for manufacturing driverless vehicles. 

The company says the new facility in Changzhou will be the first unmanned vehicle mass-production base in the region, and possibly the world.

The plant will produce vehicles which have “Level 4” autonomation, which is described as “full autonomy with human driver” by the SAE. [Read more…] about Neolix inaugurates factory for manufacturing autonomous vehicles

Startup company Sea Machines developing self-driving technology for which can be added to traditional boats

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sea-machines-self-driving-boat-tech

Boston-based startup Sea Machines is developing autonomous technologies that will enable traditional boats to become self-driving vessels. 

The company says its development heralds a smarter, safer and more efficient era of marine operations brought forward through self-aware and self-driving boats and ships.

With autonomy readily making its way into many traditional land-based and airborne sectors, the massive marine domain is even better suited for autonomous systems with fewer barriers to entry, a high risk operating environment, and an accommodating regulatory space.

More than 20 million vessels are plying the world’s waters including 15 million recreational boats and 100,000 cargo ships; Sea Machines foresees autonomy disrupting this largely manual sector and rapidly developing into a $60 billion space.  [Read more…] about Startup company Sea Machines developing self-driving technology for which can be added to traditional boats