In the "Zhangjiang Technology 895 Pioneering Camp (Season 6)" held in Shanghai Zhangjiang High-tech Park,Boonray Technology won the third place. With a focus on data acquisition and analysis, Curie III, a new technology box for real-time detection and recognition of target objects, was developed. It works together with our cloud data processing platform, creating smarter UAV operations. The training camp received unanimous praise from investors.

In the on-site and online interaction sessions, Jacky Hu, founder and CEO of Boonray Technology, introduced the products, core concepts and strategic directions of Boonray Technology.

Intelligent UAV Operations

Using innovative software and hardware technologies, Boonray Technology has built a set of intelligent UAV operation system including data acquisition and cloud-based big data analysis modules, which is convenient for customers to carry out large-scale deployments. This system can replace most of the manual work, help customers collect, analyze and share mission information more easily, save time and cost, and ultimately achieve the goal of helping customers improve management and operation efficiency. At present, our products have served customers in many verticals, such as photovoltaic patrol, port machine patrol and so on.

Jacky Hu, founder and CEO of Boonray Technology, said: "Boonray Technology does more than just control UAV flight. First, Boonray Technology targets specific scenarios, such as port aircraft, photovoltaic equipment patrol, for each of them, the UAV flight scenario is different and will need different technical means to accomplish them. Secondly, Boonray Technology not only does data acquisition, but also analyses and processes the acquired data. The significance of data acquisition and analysis in the whole industry is to find out the problem for customers and propose solutions. Our cloud data processing platform is to solve this problem. The significance of data acquisition and analysis in the whole industry is to find out the problem for customers and propose solutions. Our cloud data processing platform is to solve this very problem. Thirdly, we can replace manual labour with artificial intelligence in doing repetitive, dangerous and even impossible things. Our Boonray box can achieve target detection and recognition. Our software can collect data in high frequency, from different directions and angles. It can collect highly accurate data in a simple and intelligent way.

Market Prospects of UAV

With the development of UAV and the decrease in its production cost, the market prospect of UAV is becoming wider and wider. It has strong market demand and broad development prospects. It plays an increasingly prominent role in the construction of national economy and will become an important industry to support China's economic development.

Policy, technology and application demand are the three driving forces of UAV industry. Cost reduction and practicality will be the important characteristics of UAV industry development in the future. With the transformation and upgrading of traditional industries and the landing of supply-side structural reform, a highly encouraging entrepreneurship and innovation background, will help the high market value UAV industry to continue to grow at a high speed. According to industry forecast, the total market scale of civil UAV products and services in China will reach 110.9 billion yuan in 2018, 46.5 billion yuan in 2020 and 75 billion yuan in 2025.

As for the UAV market, Jacky Hu said, "Why is UAV a hot word, and also an emerging word at the same time. Now we are not talking about how well UAVs are being sold, but about the existing one. Every day, we invest a lot of manpower and material resources to inspect the road and bridge. These are already there. 127 billion yuan is such a big market from the perspective of replacing manpower. In terms of hardware sales, the world should be on the scale of several tens of billions of dollars, with a 50% growth at least. All hardware is the origin of the industry. There is no doubt that the market of software and data services will surpass that of hardware in the future."

Specialized Areas of Boonray Technology

Jacky Hu said Boonray Technology will focus on several familiar areas in the initial stage, such as photovoltaic inspection. Boonray Technology can generate reports directly helping customers find out about their disadvantages. Boonray Technology has begun to cooperate with third parties. In the processing software of cloud platform, Boonray Technology will put some application modules which were made in the initial stage, and in the later stage, it will cooperate with partners to develop some applications embedded in cloud platform. Boonray Technology will remain focused in their areas of expertise, more areas of expertise will be developed in cooperation with partners.