- Hancom Group expands its business to drone service market and aerospace
- InSpace, the no. 1 company in satellite ground station and satellite and drone image analysis
- InSpace's fully automatic unmanned drone solution technology used...Intelligent drone service platform built
With this acquisition, the company plans to
expand its business to the drone-using service market and aerospace sector.
InSpace, acquired by Hancom Group, was
founded in 2012 by CEO Choi Myung-jin from Korea Aerospace Research Institute
and is the no. 1 technology company in the aerospace satellite ground station.
It has been attracting attention by its unrivaled technology mainly in the
building and operation of satellite ground stations and AI-based satellite/drone
Especially from last year, it has expanded
its business to drone software by developing DroneSAT, an unmanned automation
system that integrates technologies such as drone automatic take-off and
landing, wireless charging, multiple operation, and communication data
collection, control, and analysis. Drone Set includes an object detection,
classification and reading module incorporating AI technology. This is expected
to be used in various ways, including various accidents, disaster detection,
traffic and crime detection, environment detection, and site control of
agriculture, construction, and industry.
Based on the drone set technology of
InSpace, Hancom Group built AI drone service platform by integrating various
element technologies such as IoT, autonomous driving, and block chain owned by
Hancom Group. It also presented the vision to contribute to the realization of
smart cities by local governments and governments with the intelligent drone
For this, InSpace developed the unmanned
drone safety network technology through the MOLIT's Smart City Challenge
Project (drone automatically photographs accident sites and sends them to 119
control room and firefighting site). By linking this to the fire safety
platform which Hancom Lifecare is developing, you can secure more diverse
spatial information and expand the subjects of information sharing to the local
governments and relevant public institutions. In addition, it is connected to
drone mission training project which Hancom Academy is working on, Hancom MDS's
drone charging and loading project, and Hancom Intelligence's drone certified
project, and also actively participated in drone regulation sandbox, building
an all-round system for commercialization of drone services.
In addition to the drone field, Hancom
Group plans to gradually expand cooperation in the field of satellite
utilization services based on the technology of InSpace, which is promoting the
development of a lunar exploration ground station.
An official of Hancom Group said, "The
drone industry is rapidly moving from aircraft to utilization service all over
the world. As the domestic drone market is also pursuing various projects with
a focus on developing drone utilization services, we are expecting that we can
sufficiently lead the domestic drone market when we integrate InSpace's flight
drone-related SW technologies and Hancom Group's diverse technologies, business
experience, network, and brand power."
Market research firm MarketsandMarket
reported that the global drone service market increased from 5.27 billion won
($4.43 billion), 55.9% annually in 2019. By 2025, this is expected to be 75.59
billion won ($63.64 billion). Recently in Korea, the Drone Utilization
Promotion and Foundation Establishment Act has been enacted in last May,
actively fostering the drone service industry.
In February, Hancom Group signed a business
agreement with DJI, the world's no. 1 drone company, and is promoting drone
education projects by establishing a cooperation system with domestic and
foreign drone companies.