September 14, 2016

The Potential of Drones In Industry

   September 14, 2016

The Potential of Drones In Industry

The_Potential_Of_Drones_In_Industry_($bn)_TMMChart.png

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Editor’s Remarks:

In recent years, drone technology has attracted attention due to its use in countless conflicts around the world. However more recently, the applications of drones in day to day civilian life is becoming more apparent, whether as expensive toys to viable delivery alternatives for the likes of Amazon. According to PwC, drones could be used industrially as a way to substitute labour, with the potential to be worth $127 billion to industries across the world. Of all the industries, some which could reap the greatest rewards are agriculture, where manned aircraft are already heavily used for crop-dusting, thus having $32 billion of financial potential. It will be interesting to see the the regulatory environment around drones shift over the coming months and years as innovation continues.

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