Huge News For Drone Companies. FAA to Release Beyond Visual Line of Sight (BLOVS) Regulation Updates.
This is HUGE! FAA to release BVLOS regs
- The FAA to release updated regulations and guidelines for Beyond Visual Line of Sight (BVLOS)
- Once this occurs, the market for drones flying beyond the visual line of sight (BVLOS) could surpass a $34 billion value in the next eight years.
A significant milestone is about to be achieved in the commercial drone industry, and Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) is perfectly positioned to take advantage of it. The company’s cutting-edge hardware and software offerings are helping to shape the booming industry’s future, and its products are being used by some of the biggest names across several industries.
The Federal Aviation Administration (FAA) is preparing to release regulations for Beyond Visual Line of Sight (BVLOS) drone operations. These regulations will outline drone operators’ criteria for conducting BVLOS flights.
Currently, the FAA prohibits drones from flying beyond the visual line of sight of the operator.
This is a significant development for the drone industry, as it opens up a whole new range of potential drone applications. BVLOS flight regulations will allow for expanded operations in urban areas and longer-duration flights in rural and remote areas.
The release of these regulations signifies that the FAA is further embracing commercial drone operations. This is a significant evolution from just a few years ago when there was wide speculation as to how the FAA would even allow commercial drones to operate in the United States.
These new regulations are a positive step forward for the drone industry and will help to accelerate the growth of the commercial drone market.
Patent Proof: Draganfly is Taking Over the skies
Draganfly announced the awarding of a new patent for vertical take-off and landing (VTOL) cargo delivery drones with a variable center of gravity. The design is ideal for Beyond Visual Line of Sight (BVLOS) and transporting goods in hard-to-reach areas, or flights over people at night.
US Patent No. 10,807,707 is an unmanned aircraft system (UAS) configured for both vertical take-off and landing (VTOL) and fixed-wing flight operations, includes forward, and aft wing assemblies mounted to the fuselage, each wing assembly including port and starboard nacelles terminating in motor-driven rotors powered by an onboard control system capable of adjusting rotor speeds.
Draganfly has a long and proud history of supporting emergency crews. Draganfly has over 20 years of experience manufacturing drones for public safety in North America, providing crucial drone technology for use Beyond Visual Line of Sight (BVLOS).
In 2013, Draganfly’s drone technology was credited as the first public-service drone to save a human life, and today, that drone is in the Smithsonian. During active emergency, medical, and disaster response situations, Draganfly’s drones can make a difference. Draganfly’s Medical Response Drone is designed to fly long distances while carrying up to 35lbs of sensitive medical supplies using its temperature-managed payload box. Draganfly’s surveillance technology provides quick and accurate communication of intel to first responders before they arrive on the scene, resulting in improved response times and helping save lives.
(continued below)
Our Analysts Took a Deep Look Into DPRO.
What This Means for Commercial Drone Companies
Investors looking to position their portfolios in growth sectors need to consider Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8). Draganfly’s products are in high demand. When the FAA provides BVLOS regulations across delivery, search and rescue, and mapping, Draganfly is well-positioned to continue its growth and capture a large share of the drone market.
As the capabilities of drone technology continue to expand, so too does the market for these devices. According to a new report from Research and Markets, the market for drones that can fly beyond the visual line of sight (BVLOS) could surpass a $34 billion value in the next eight years. This growth is being driven by the expanding applications of drone technology. Drones are now used for various tasks beyond photography and videography, such as package delivery, agricultural mapping, and search and rescue operations. As the number of potential drone uses continues to grow, so does the market for these devices.
Analysts say that the market for BVLOS drones is expected to nearly double by 2029, as the technology continues to gain traction. With the rapid expansion of the market, it is clear that drones are here to stay and will only become more commonplace in the years to come.
Draganfly Positioned to Take Off with Release of Expanded Beyond Visual Line of Sight Regulations
The Delivery Drones Market is expected to reach a value of $1.29 billion by 2028
During times of extreme emergencies where lives are at risk, it is essential for first responders to be aware of their environment and constantly analyze risks that are sometimes beyond the visual line of sight (BVLOS). Draganfly’s Search and Rescue drone is a high-endurance, multirotor drone capable of providing optical and infrared imaging to map inaccessible areas, locate survivors and provide critical life-saving information before ground crews arrive.
Medical response and search and rescue drones can also play a critical role in the aftermath of a natural disaster. If a country experiences an earthquake or hurricane, drones can be deployed to look for survivors, deliver critical supplies, and help in overall relief efforts.
BVLOS criteria updates by the FAA will allow commercial drone companies to expand into unmanned package delivery. Draganfly recently introduced a new Heavy Lift Drone (DHL), a versatile, multi-rotor unmanned aerial vehicle (UAV) designed to enhance deliveries and flight times. The DHL Drone supports automated missions and manual flight operations and has a payload/cargo lift capacity of 30kg (67lbs).
According to a new market research report titled “Delivery Drones Market”, The Delivery Drones Market is expected to reach a value of $1.29 billion by 2028, at a CAGR of 40% during the forecast period of 2021–2028.
Massive Growth for Commercial Use Drones
Drone Infrastructure Inspection Bill
- The Federal Aviation Administration projects that the number of drones will continue to grow in the next few years, reaching 1.5 million for recreation and 800,000 for commercial use by 2024.
- The US House of Representatives passed a bipartisan bill to earmark up to $200 million in spending for drone use in wide-ranging inspections of the nation’s aging infrastructure.
The Federal Aviation Administration projects that the number of drones will continue to grow in the next few years, reaching 1.5 million for recreation and 800,000 for commercial use by 2024.
These drones range in size from small handheld systems to those weighing over 50,000 pounds. Today, drones are also being used to enhance traditional inspection methods for critical infrastructures, such as bridges and roads.
This allows for a more efficient and cost-effective way to ensure that these structures are safe and sound. In the future, drones will likely play an even greater role in our lives, providing a variety of benefits for both individuals and businesses alike.
The US House of Representatives passed a bipartisan bill to earmark up to $200 million in spending for drone use in wide-ranging inspections of the nation’s aging infrastructure.
If enacted, the measure would appropriate up to $200 million in federal funds for state and local governments to conduct wide-ranging infrastructure inspections using drones. The legislation would also establish a competitive grant program at the Department of Transportation (DOT) to cover up to 80 percent of the costs associated with integrating unmanned aircraft systems (UAS), commonly known as drones, into infrastructure inspections. The remaining 20 percent would have to be shouldered by state and local beneficiaries of the program.
Both bills were drafted with the intent of helping government agencies keep tabs on US infrastructure — bridges, roads, dams, and pipelines, among other things — without putting workers in harm’s way or overburdening them financially. The two pieces of legislation would put America closer to establishing a comprehensive drone-based infrastructure inspection program.
According to Allied Market Research, the global drone inspection and monitoring market size was valued at $6.44 billion in 2020 and is projected to reach $35.11 billion by 2030, registering a CAGR of 16.1% from 2021 to 2030.
Draganfly Technology Ready Infrastructure
- Draganfly’s technology can be used by insurance companies for infrastructure pre-damage baseline and post-event damage assessments.
- Draganfly’s flight, data collection, and assessment services can be used by a host of industries, including energy, communication, forestry, infrastructure, real estate, and insurance/reinsurance, to increase accuracy and speed for mapping, survey, and inspection.
LiDAR technology is quickly becoming adopted in construction because of its ability to streamline projects and enhance productivity. LiDAR helps provide information for analysis and simulation when developing a project. It can determine repair and maintenance requirements and deliver precise and quick surveys.
Draganfly’s Long Range LiDAR system was built for precision and accuracy. This best-in-class long-range system uses Teledyne sensors which produce survey-grade point clouds with a 360-degree laser scanner. This system can be mounted on UAVs, airplanes, and helicopters and create a 3D map of the scanned regions. The sensors can cut through vegetation and brush, allowing construction companies to plan and cut overall costs.
Additionally, insurance companies and real estate marketers are capitalizing on drone technology to inspect claims on structures much faster, safer, and at a reduced cost.
Insurance companies can use Draganfly’s professional drone technology for infrastructure pre-damage baseline and post-event damage assessments to reduce risk when dealing with natural disasters and other catastrophic events. Property owners, insurers, and reinsurers can leverage our flight, data collection, and assessment services to increase accuracy and speed when inspecting a site.
Post-catastrophe, the Draganflyer Commander is often used for low, slow, and “close” assessments, such as measuring flood damage to houses on a specific residential street.
The Pix4D drone software suite is the premiere drone photogrammetry solution for UAV-based data collection. Pix4D transforms aerial photographic data into geo-referenced 2D orthomosaics, Digital Terrain Models (DTM), 3D models, and vegetation indices.
This software is beneficial when comparing and overlaying pre-disaster and post-disaster drone data and maps to help insurers make accurate decisions.
Draganfly is on Rise
As the Federal Aviation Administration (FAA) begins to roll out Beyond Visual Line of Sight regulations, and the US House of Representatives passes a bipartisan bill earmarking up to $200 million in spending for drone use in wide-ranging infrastructure inspections, Draganfly is perfectly positioned to take advantage of these opportunities.
For more than two decades, Draganfly’s award-winning drone solutions, software, and artificial intelligence (AI) systems have led the charge in several major markets, including:
Versatile, Reliable, North American-made Solutions:
As more governments and businesses turn to drones, they are looking for versatile, reliable, and secure, sophisticated solutions. In addition to developing cutting-edge drone systems that address real-world problems, Draganfly’s products and services can be easily integrated into existing operations to improve business outputs and profitability..The company recently launched its Heavy Lift and Commander 3 XL Drones as well as its Long Range Light Detection and Ranging (LiDAR) system.
Draganfly’s Heavy Lift Drone is a heavy-duty, multirotor UAV designed to lift more and fly further. Capable of automated missions and manual flight operations, the drone has a payload lift capacity of 67 pounds and up to 55 minutes of flight time. While Draganfly’s Heavy Lift Drone is focused on enhancing deliveries, the company’s Commander 3 XL Drone is designed for rapid deployment in challenging weather conditions, including light rain and snow. The high-endurance, weather-resistant, multirotor UAV is capable of drop and winch-down systems that can effectively transport up to 26 pounds.
Both drone systems are compatible with various interchangeable payloads, including optical and thermal imaging solutions, specialized delivery containers, and the company’s Long Range LiDAR system. With a scanning range of 750 meters, Draganfly’s advanced sensor technology can provide accurate distance measurements and improved resolution over conventional photogrammetry methods. Draganfly’s Long Range LiDAR system can be used for various customer-driven use cases, including mapping and surveying forests, cities, real estate, energy infrastructure, and telecommunications infrastructure.
For more than 20 years, Draganfly has developed cutting-edge drone solutions, software, and AI systems that continue to revolutionize how industries across various major markets do business and service their stakeholders. Friendlier drone regulations combined with the company’s reputation for developing award-winning products and services are helping position it as a leading commercial drone manufacturer in North America within the next few years.
For more information on Draganfly, please visit www.draganfly.com.
Our Analysts Took a Deep Look Into DPRO.
PAID ADVERTISEMENT NOTICE
This communication is a paid advertisement by the profiled company to Endeavor Productions, Inc.,. The owners, directors, officers, employees, affiliates, agents and assignees (collectively the “Publisher”) are often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by the profiled company to create the site content and to elicit investor awareness through advertising and marketing and has paid the Publisher approximately:
- $8,000 to create the content posted on the website under the client profile
- $ 50,000 has been allocated for advertising and promotion of the profiled company
The investor advertising and promotion campaign is expected to run from August 2022 through November 2022.
This compensation should be viewed as a major conflict with the Publisher’s ability to provide unbiased information or opinion.
Changes in Share Trading and Price
Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Frequently companies profiled in our articles experience a large increase in share trading volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in share trading volume and share price may likely occur.
No Offer to Sell or Buy Securities
This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Should you choose to invest, it is HIGHLY RECOMMENDED you speak to a professional investment advisor.
Profiled Company Information
Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position.
This communication is based on information generally available to the public and on an interview conducted with the company’s CEO, and does not contain any material, non-public information. The information on which it is based is believed to be reliable. Nevertheless, the Publisher does not guarantee the accuracy or completeness of the information. Further, the information in this communication is not updated after publication and may become inaccurate or outdated. No reliance should be placed on the price or statistics information and no responsibility or liability is accepted for any error or inaccuracy.
No Financial Advice
The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser or a financial adviser. The Publisher has no access to non-public information about publicly traded companies. The information provided is general and impersonal, and is not tailored to any particular individual’s financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results.
This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.
Forward Looking Statements
This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Statements in this communication that look forward in time, which include everything other than historical information, are based on assumptions and estimates by our content providers and involve risks and uncertainties that may affect the profiled company’s actual results of operations. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: the success of the profiled company’s operations; the size and growth of the market for the company’s products and services; the company’s ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the company’s business.
Indemnification/Release of Liability
By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher provides no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. You acknowledge and accept this disclaimer and that, to the greatest extent permitted under applicable law, you release and hold harmless the Publisher from any and all liability, damages, injury and adverse consequences arising from your use of this communication. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions.
Share Ownership
Endeavor Productions its owners, directors, officers, employees, affiliates, agents and assignees may hold investments in the profiled client, and may buy or sell securities at any time allowable to them within the context of local securities regulations.
ProfiPunk.com and Endeavor Productions, Inc and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company, or available in the public domain.
