10 May 2016
Bloomberg News reports that according to a new study published on Monday by consulting firm PricewaterhouseCoopers (PwC), the global market for commercial UAV applications, currently estimated at around $2 billion, will skyrocket to as much as $127 billion by 2020. Speaking to reporters, Piotr Romanowski, PwC partner and Business Advisory Leader for central and eastern Europe, said that “the cost of drone technology is falling so quickly that a number of everyday applications are becoming cost-efficient.” According to PwC, new UAV technologies may prove useful for infrastructure projects, insurance claim verification, and various security applications, and may also revolutionize both the movie and transportation industries, given appropriate legislation. (Image: DJI Phantom 2. Credit: Associated Press–©)
More Info (Bloomberg News)