The drones are coming!

The commercial use of drones or unmanned aerial vehicles is going to literally take off.

The commercial use of drones or unmanned aerial vehicles is going to literally take off. The US FAA has allocated over $60 Billion to modernize the country’s air traffic control systems and expand airspace to accommodate the commercial use of these aircraft. Congress has mandated the FAA to come up with regulations in 2015. From Amazon and Google to Dominos Pizza, the interest in this technology is huge (decrease delivery speed and decrease costs: how do you compete with that?). In fact, it is estimated that drones will produce approximately $90 Billion in economic activity between 2015 and 2025, creating about 100,000 jobs. To expedite the process of commercial introduction of these vehicles and shape the commercial regulatory environment, Amazon, Google and others formed a UAV coalition to lobby Washington.

The insurance industry is likely to be a user of such technology – both for claims adjusting and underwriting of certain risks. In fact, USAA, one of the largest insurance companies in the US, petitioned the FAA on October 2nd for permission to use drone aircraft as a way to speed up claim processing. In addition, insurance coverage of drones represents another revenue source for insurers.

Amazon is serious about transitioning the idea of thirty minute Prime Air deliveries from concept to reality

Six Things You Should Know About Amazon’s Drones

Amazon has asked the Federal Aviation Administration (FAA) for an exemption from rules prohibiting the use of drones for commercial purposes.  With this request, the company has signaled that they are serious about transitioning the idea of thirty minute Prime Air deliveries from concept to reality.

Current FAA rules restrict commercial use of drones, and Amazon is seeking an exemption from those rules so the company can conduct additional research and development of their Prime Air concept.  The company claims to have made rapid developments in its Prime Air program by testing their drones inside their research and development lab in Seattle. Now, the shopping giant wants the ability to safely innovate and to do, in their words “what thousands of hobbyists and manufacturers of model aircraft do every day.”

 

Here are six things you need to know about Amazon’s request to fly drones:

  1. If the FAA grants Amazon an exemption, it does not mean Amazon drones will be flying down your street.
  2. Amazon claims their drone technology has advanced significantly in just five months
  3. Amazon wants to innovate and knows that it can’t under the FAA’s burdensome regulatory regime.
  4. Amazon plans to self-regulate, with procedures that exceed current FAA rules for model aircraft.
  5. Amazon plans to use technology to keep their operations safe.
  6. If the FAA doesn’t grant Amazon’s request, the company will move their drone research operations outside of the U.S.

Source : Greg S. Mc Neal, Forbes

 

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