Global drone market could be worth €120bn, study suggests
Date: 11 January 2017
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The global market for drone-powered business operations could be worth up to $127 billion (€120 billion), according to a study by PwC.

The technology to lift goods into the air or conduct aerial inspections of building and transport projects using small multi-armed drones is seen by many as a game changer.

The PwC study said the sector with the largest potential market for the commercial applications of drone technology was infrastructure, with an estimated global market value of $45.2 billion (€42 billion).

The research forecasts that drones equipped with smart software will also have a major impact on the competitiveness of transport network operators.

“Drones and the data they provide are a gamechanger over the entire lifecycle of a transport infrastructure investment,” PwC’s Ciarán Kelly said.

“ Provision of real-time, accurate and comparable 3D modelling data is crucial during the preconstruction, construction and operational phases of an investment project, and all of this data can be acquired by intelligent and cost-effective drone-powered solutions,” he said.

However, the market remains competitive and, separately, drone manufacturer Parrot announced on Tuesday it was cutting a third of its staff after lowering prices at Christmas to lure consumers from rivals, including market leader SZ DJI Technology.

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