UK economy set for drones uptick

UK economy set for drones uptick

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Drones are set to solve the UK’s long-standing productivity issue says PwC. Cost reductions from drone usage will lead to 3.2% uplift in multi-factor productivity across the economy, and contribute to large GDP spikes in many sectors – that would be £8.6bn in construction and manufacturing, £7.7bn in wholesale, retail trade and food services, and £11.4bn in the public sector according to The Impact of Drones on the UK Economy report from PwC.

“At a time when organisations are under pressure to be more efficient, innovative and ambitious in how they deliver services, drones offer a unique lens on the world below,” PwC says. “Gathering data quickly and accurately from hard to reach places, they can create a ‘golden record’ in real time. This can make a crucial difference in managing costs, controlling risks, increasing safety and influencing outcomes.”

The impact on employment will also be significant. While there may be initial job losses, over time the gains in cost savings, productivity and consumer demand generated by drones will create new jobs and “have a transformational impact on how we work and live”.

All of this means a lot of unmanned aerial vehicles in UK airspace. PwC forecasts some 76,000 drones flying across the skies by 2030, with over one-third used by the public sector, including for defence, and health and education.

Image: PwC

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