Boonray Technology won the third place in Zhangjiang 895 Training Camp

Boonray Technology won third place at the "Zhangjiang Hi-Tech 895 Entrepreneurship Camp (Season 6)" held in Shanghai's Zhangjiang Hi-Tech Park. Focusing on data collection and analysis, Boonray Technology developed the "Curie III," a Boonray technology box capable of real-time object detection and identification. Combined with a cloud-based data processing platform, this enables intelligent drone operations. The camp received widespread acclaim from investors.

During both on-site and online interactive sessions, Boonray Technology founder and CEO Hu Xinyi introduced Boonray's products, core concepts, strategic direction, and other aspects of the company.

Intelligent Drone Operations

Boonray Technology has leveraged innovative software and hardware technologies to develop an intelligent drone operation system, encompassing modules such as intelligent data collection and cloud-based big data analysis, to facilitate large-scale deployment. This system largely replaces manual labor, helping customers more easily collect, analyze, and share aerial data, saving time and costs, and ultimately improving management and operational efficiency. Currently, Boonray Technology's products serve clients in various verticals, including photovoltaic inspections and port machinery inspections.

Hu Xinyi, founder and CEO of Boonray Technology, said: "Boonray Technology does more than simply control drone flight. First, Boonray Technology is targeted, such as port machinery and photovoltaic equipment inspections. Different drone flight scenarios require different technical means to achieve. Second, Boonray Technology does not only collect data, but also analyzes and processes the data after collection. The significance of data collection and analysis in the entire industry is to identify problems for customers and propose solutions, and our cloud-based data processing platform is designed to solve this problem. Third, through artificial intelligence, we replace people with tasks that are repetitive, dangerous, and even impossible for humans to do. Our Boonray box can achieve target detection and recognition, and our software can collect data at a high frequency, in different directions, and at different angles, and can collect more accurate data in a simple and intelligent way."

Drone Market Prospects

As the development and production costs of drones continue to decline, their applications are becoming increasingly widespread, creating strong market demand and broad development prospects. Their role in national economic development is becoming increasingly prominent, and they are poised to become a key industry supporting China's economic growth.

Policies, technology, and application needs are the three major driving forces behind the drone industry. Cost reduction and a focus on practicality will be key characteristics of its future development. With the transformation and upgrading of traditional industries and the implementation of supply-side structural reforms, and against a backdrop of encouraging entrepreneurship and innovation, the highly valuable drone industry will continue to maintain rapid growth. According to industry forecasts, the total market size of my country's civilian drone product sales and services will reach 11.09 billion yuan in 2018, 46.5 billion yuan in 2020, and 75 billion yuan in 2025.

Regarding the drone market, Hu Xinyi stated, "Drones are a buzzword, and they're also a new one. We're not looking at how many drones we can sell, but rather tapping into the already existing segment of manual inspection. We invest significant manpower and resources every day, inspecting roads and bridges, and these already exist. The 127 billion yuan market represents such a large market from the perspective of replacing manual labor. In terms of drone hardware sales, the global market should be worth tens of billions, with at least 50% growth. All hardware is the origin of the industry, and in the future, the software and data services market will undoubtedly surpass the hardware market."

Boonray Technology's Focus

Hu Xinyi stated that Boonray Technology will initially focus on a few familiar areas, such as photovoltaic inspection. Boonray can directly generate reports to identify customer issues. Boonray Technology has already begun collaborating with third parties, integrating some of its initial application modules into the cloud platform's processing software. Later, Boonray will collaborate with partners to develop applications embedded within the cloud platform. Boonray Technology will maintain its focus and deepen its expertise in its areas of expertise, while collaborating with partners to develop additional areas.