The Science Of ...

The sky will soon be buzzing with drones

2.2 million drones will get sold in the US this year.

James van Meter

The number of unmanned aircraft is set to surge as they become smaller and cheaper, according to global financial services company Allianz.

Whether used for inspections, photography, border patrol, emergency deliveries, crop surveys or recreationally - drones have the potential to become a multi-billion dollar business.

This raises a number of new safety concerns that could spurn a “drone insurance” market.

The Money Show’s Bruce Whitfield interviewed James van Meter, Aviation Practice Leader at Allianz Global Corporate & Specialty, for his weekly "The Science Of" feature.

Whitfield also spoke to South Africa’s first licensed drone operator, Otto Werdmuller von Elgg.

Von Elgg and the 16 “pilots” he employs does anti-poaching, mining and security work.

UDS, his company, is unique as they fly at night and beyond the line of site.

Scroll down for quotes from the audio below.

South Africa is highly regulated.

Otto Werdmuller von Elgg

The drones we use are small, fixed-wing aeroplanes with thermal imaging cameras.

Otto Werdmuller von Elgg

The anti-poaching operation is one of the hardest things I’ve done in my life.

Otto Werdmuller von Elgg

We’ve developed software to recognise images off the thermal cameras that beeps when there’s something to look at.

Otto Werdmuller von Elgg

We’ll probably see criminals using this technology.

James van Meter

There are a lot of companies with anti-drone technology.

James van Meter

A lot of companies are focussing on delivery of pizza, coffee and media entertainment.

James van Meter

The rate of innovation is phenomenal.

James van Meter

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Article brought to us by Old Mutual.

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