A Brief on Risk Management and Application Models of Unmanned Aerial Vehicles

Abstract

The rapid development and diversified application modules of unmanned aerial vehicles (UAVs) have boosted economic development. According to Teal Group, a renowned aerospace analysis company, non-military UAV production will increase to $14.5 billion in 2028. The purpose of this study is collecting estimates of the future development and application modules of UAVs, to which related industries and users can refer. Hopefully, this study can benefit the development of the local UAV industry. With the popularity of UAVs, there arises UVA operation-related risk worth our concern. Taiwan's Civil Aeronautics Administration has placed emphasis on formulation of regulations and risk management in relation to UAV application. Although there are third party liability insurance products available on the market, they fail to cover the financial loss incurred upon UAV users. In view of this fact, this study also takes into concern current UAV third party insurance and related risk management. Users are expected to conduct risk management and reduce loss.