Drones

Construction is one of the most dynamic, responsive and critical pillars of any economy. Construction sector contributes significant output to in countries GDP. “The industry accounts for about 6% of global GDP”. According to McKinsey & Company, the average commercial construction project takes 20% longer to complete than planned and ends up being upwards of 80% over budget. Much of this is due to rework, quality control issues and scheduling inefficiencies. An integrated drone program instituted across all stages of a project lifecycle can cut these figures by thousands of dollars a day, making the return on investment extremely attractive.

The application of drones can be divided into three stages: pre-construction, construction, post-construction. Pre-construction: The pre-construction phase begins with the identifying of the objective and scope of work. This phase mainly consists of planning, designing, surveying, and mapping resulting in feasibility analysis of the project to be undertaken. Construction: The construction phase begins with an in-depth analysis including the monitoring of the site, the supply of raw material, 3D modeling and executing things accordingly to achieve the objective of the project as per plan. Post-construction: The final phase of the project mainly deals with the maintenance of the project executed in the previous stage. This stage comprises of detecting defects in the structure and its solution, quality check of the work carried out and disaster management. Some of the hindrances to the growth of drone industry are: Operational safety mainly includes prevention of accidents in air and ground and also implementation of proper safety system; Technical maturity mainly includes cost of the battery and it’s cost; Return on investment includes convincing buyers to buy drones and show them multiple usages of drones across various sectors. The global drone industry market has been increasing in various fields with the coming up of technological advancements and a “capital annual growth rate of between 16% and 17%.” Drones in its nascent stage were primarily used for military operations, but with the innovation in technology, the drone industry has become a multi-billion dollar business. Drones in the construction industry can be used at several stages of a project: pre-construction, construction, post-construction, and sales and marketing. According to a McKinsey report in 2016, UAVs will dramatically improve the accuracy, speed, and safety of construction projects in the future. We have also seen other total addressable market (TAM) forecasts that indicate drones in building and construction inspection alone could generate about USD $6 billion in value. The global UAV market will reach the US $21.47 billion. Sky logic research report shows that this year in the U.S. alone, drone-based services will provide a value of $1.4 billion.

The application of drones can be divided into three stages: pre-construction, construction, post-construction. Pre-construction: The pre-construction phase begins with the identifying of the objective and scope of work. This phase mainly consists of planning, designing, surveying, and mapping resulting in feasibility analysis of the project to be undertaken. Construction: The construction phase begins with an in-depth analysis including the monitoring of the site, the supply of raw material, 3D modeling and executing things accordingly to achieve the objective of the project as per plan. Post-construction: The final phase of the project mainly deals with the maintenance of the project executed in the previous stage. This stage comprises of detecting defects in the structure and its solution, quality check of the work carried out and disaster management. Some of the hindrances to the growth of drone industry are: Operational safety mainly includes prevention of accidents in air and ground and also implementation of proper safety system; Technical maturity mainly includes cost of the battery and it’s cost; Return on investment includes convincing buyers to buy drones and show them multiple usages of drones across various sectors.

Team
dharan patel.jpeg
Dharan Patel
https-__www.linkedin.com_in_parth-patel-
Parth Patel
CONTACT US:
SIGN UP AND STAY UPDATED!
Columbia University
500 W. 120th Street, New York, NY 10027
odeh@columbia.edu  |  Tel: (212) 851 4375
  • Grey LinkedIn Icon