Polo De'Marco Magazine Issue No.23 | Page 80

Urban Air Mobility with Roland Berger Drone Written by: Richard Elliot In the past, drones were almost exclusively thought of as a military-grade technology with no market in the commercial or industrial sector. All that has changed in the past few years, as the drone market has grown to a multi-billion dollar industry standing with a global market share of $2 billion in 2018, with even the most conservative predictions signaling it to double by 2022. Nowadays, drones have permeated a wide range of industries and commercial ventures, from photography and cinema to logistics, delivery services, surveillance, and, most recently, commercial transportation. With greater public access and awareness of drone technology, innovative uses are actively being developed that incorporate drones to serve as a solution for various public, commercial, and private sector problems. The next leap in the use of drone technology seems to be headed towards a massive industry that accounts for a global market share of almost $1.5 trillion (2018) – the commercial transportation industry. A Developing Market Drone manufacturers have begun testing and developing vehicles that can provide manned and unmanned transportation services. These efforts have started to appear as scale models and tests at various locations worldwide, from the quadcopters of the Dubai Police to prototypes from Ferrari and Tesla. Start-ups working on such solutions have collectively received a funding of around $3 billion worldwide through various investment sources. The blooming industry does not only revolve around finished products. It drives a complicated supply chain from the manufacturing of necessary parts such as batteries, propellers, and other components, to assembly, testing, and delivery, creating an entirely new niche market across the globe. Conservative prediction seems to point that the commercial drones may take around 5 to 10 years to fully mature, yet exciting applications have already come into practice across the globe. One avenue of the drone transportation industry is the development of urban air mobility applications using drone technology. Practical Applications and Ongoing Projects Urban air mobility refers to any means of transportation that utilize aerial vehicles for use in an urban setting. This avenue of research has excellent traffic and pollution management benefits, yet raises concerns regarding the safety and operation of such vehicles. The only thing keeping urban air mobility solutions from being applied in a large-scale setting is the lack of safety and security infrastructure, as the technology behind such solutions is now readily available and easily applicable. This is evident from Sao Paulo, Brazil, where urban air mobility has taken the form of air taxis, which provide air transportation using helicopters. This model shows that the world is readily in acceptance of the technology. The solutions must only be applied with the requisite safety standards and features to be brought into large scale adoption. Steps towards this end are actively being taken in the July 2020 Polo De’Marco