UK Economy Could Be Boosted by Drones by 2030

A new research from the PwC revealed that Drone technology could boost the GDP of the United Kingdom by two percent, or £42bn, by 2030, with over a third of new drones to be utilised by the public sector.

The said report predicts that there will be over 76,000 drones in use across the United Kingdom by that year, with public sector areas such as health, education, and defence to be the most interested in including drones into their activities.

PwC believes that there are some significant opportunities for economic growth across all sectors. However, it said that the uplift of £42bn would have the most significant impact on the wholesale and retail trade of Britain, accounting for approximately £7.7bn of that number.

Insurance, Finance, and administrative and professional services could also stand to benefit from an increase in drone technology, as the research implies that a potential increase in GDP amounting to £10.4bn (or 1.6 percent) would be on the cards.

The UK drones leader at PwC, Elaine Whyte, stated: “Drones have the potential to offer a powerful new perspective for businesses across a variety of industries, delivering both productivity benefits and increased value from the data they collect.”

She added: “The UK has the opportunity to be at the leading edge of exploiting this emerging technology, and now is the time for investments to be made in developing the use cases and trial projects needed to kickstart our drone industry.”

With the increased productivity alone, drone technology could help the United Kingdom in achieving net cost savings of up to £16bn, with around 628,000 jobs established in the drone economy by 2030.

Whyte added: “There is a need for current UK drone regulation to advance to see the estimations in our report become a reality, but it’s positive to see the Government already taking proactive steps to address this with the draft Drones Bill.”

Baroness Sugg, the UK aviation minister, said that she approved of the research and its demonstration of the benefits that drone technology could bring to the economy of the country. Sugg further said that drones are “already improving lives by helping emergency services, and keeping key national infrastructure like rail lines and power stations safe.”