Posted by Pune: Indian drone service provider DroneAcharya Aerial Innovations said on Monday that it is commencing its operations in Thailand through a partnership with the Asian Institute of Technology (AIT).
DroneAcharya Aerial Innovations have signed an MoU with Thailand-based AIT. The partnership with AIT will pave the way for the company into the Southeast Asian market. The primary goal of the collaboration with AIT is to co-develop projects involving drones and GIS in Thailand and the surrounding countries in South East Asia, the company said.
DroneArcharya Aerial Innovations’ Founder and MD, Prateek Srivastava along with the company’s Senior Manager of Business Development and Sales, Marcia Chen, Prof. Dieter Trau, Dean of School of Engineering and Technology and Director of AIT Entrepreneurship Centre and Ranadheer Mandadi – Program Officer from Special Degree Program Office from AIT remained present during the MoU signing ceremony.
While DroneAcharya’s initial focus is on the Indian market, the company said it will also be expanding into other countries, including the Middle East, the US, Central Asia as well as Southeast Asia. As part of its strategy to expand across Europe and capture the market there, DroneAcharya is introducing a series of training courses centred on drones. Moreover, DroneAcharya claims to be India’s first drone startup to be listed on the BSE SME platform.
Drones are becoming increasingly integral to the optimisation of operations across a wide range of businesses. Together with AI, the data they collect and analyze from a bird’s-eye view are transforming the ways in which businesses examine, survey, and map the ground, buildings, and crops below.
The worldwide drone market in 2016 was worth around $11.45 billion and is projected to reach $51.85 billion by 2025, as per market estimates.
It’s clear from these figures that the SouthEast area, along with other countries in the world, has enormous growth potential. In nations like Thailand, there is a huge potential for expansion in terms of GIS, development, AI / ML, drones etc. The projects carried out in partnership will generate employment for drone pilots, GIS experts, engineers, and GIS developers.
“Drones and geographic information systems (GIS) are two examples of cutting-edge technologies finding widespread use across a number of sectors. By providing limitless new opportunities from previously unfeasible viewpoints, they are revolutionizing the old methods,” said Prateek Srivastava, MD of DroneAcharya Aerial Innovations Limited.
“DroneAcharya and AIT are teaming together to break into the Thai and Southeast Asian markets with drone and GIS-related co-development projects. We are planning to launch shortly and have some initiatives in the works,” added Srivastava.