Commercial Drone Investing

The World First Passenger Drone

A flight attendant gives the in-flight safety speech…

She reminds all passengers to store their bags under their seats or in the overhead compartments above. She explains that there is no smoking and that the use of electronic devices during takeoff is prohibited.

Most of the passengers ignore the bit about the oxygen masks, emergency exits, and unlikely event of an emergency water landing – they’ve all heard it before.

The aircraft ascends to 35 thousand feet, seat-belts come off, and drinks are served.

Suddenly, a passenger notices the flight attendant exiting the cockpit. There is a look of terror on her face as she screams, “There’s no one flying the plane!”

But everyone on board just laughs – unmanned aviation has become the norm of commercial air travel, and that joke is more common than a complimentary bag of peanuts.

Safety in Numbers

If you find the idea of autonomous planes unsettling, you might find some relative comfort in the fact that drones may actually be more reliable pilots than humans. The fact is, humans are not machines, and air travel often requires pilots to push beyond their biological limits.

In fact, 75 percent of plane crashes are products of pilot error. Recent research also shows that over 20 percent of pilots are awake for 28 hours or more before the end of their shift.

If that’s not unsettling enough, know that human judgment is considered to be “seriously impaired” after 18 hours of being awake. Just think about how well you would be able to drive after being up that long.

But while we overwork our accident-prone human pilots, drone safety is steadily improving. In 2005, there were 22 Air Force drone accidents for every 100,000 hours of flight. In 2012, that figure fell to 3.5 for every 100,000 hours. Furthermore, most of these mishaps are the result of factors that would not be present during commercial flights.

First, the Air Force is willing to take greater risks, such as pushing fuel limits, to accomplish missions with drones. In the case of commercial flights, the presence of human passengers would force far more stringent guidelines on flight safety.

Second, the majority of drone crashes are due to the vehicle losing signal, which is a non-issue with commercial flights that have designated flight paths.

And the removal of human pilots won’t just reduce biological error – it will reduce employment costs as well. With increased safety and decreased cost, the wide-scale adoption of commercial drone travel is inevitable.

This UAV revolution is arguably the single most important aviation development since the Wright Brothers took to the air in Kitty Hawk, North Carolina in 1903.

 

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Source: http://www.energyandcapital.com/articles/commercial-drone-investing/3577

 

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