Drones’ Effect on UK’s Economic Growth

Drones are becoming more and more a part of people’s lives, especially in the UK. These commercial unmanned aerial vehicles (UAVs) are used by local authorities, government agencies, and even the police as surveillance equipment – as well as our own Warrington Web Design agency! Because of its proliferation, these drones are even recognised as a huge part of the country’s economic growth. Can these UAVs really boost the economy of the UK? Well, according to management, accounting, and audit consultancy firm Price Waterhouse Coopers (PwC), drones can actually fuel the increase of the UK gross domestic product (GDP) in 2030 by £42 billion.

Drone benefits

Commercial drones can help a country by gathering important data from various sources. It also reduces cost and offers flexibility in reaching customers for delivery or providing surveillance. Plus, it will help create more jobs which in turn will boost a nation’s economy.

Sectors affected

The sectors that will be greatly affected are the Public Sector, Defence, Health, Education, and other services, which have the potential to increase by 2.3% or £11.4 billion. In terms of percentage impact, the Wholesale, Retail Trade, Accommodation, and Food Services sectors are expected to grow by 2.5% or £7.7 billion in potential GDP increase. Meanwhile, the Technology, Media, and Telecoms (TMT) sector is predicted to have the most savings by using drones. It is expected to have a potential net savings of £4.8 billion by 2030.

Other sectors that might be affected by the increase in drone use in the UK are the Transport, and Logistics sector, which is predicted to have a percentage impact of 1.5% or £1.2 billion, Construction, and Manufacturing (1.6% or £8.6 billion potential GDP increase) and Agriculture, Mining, Gas, and Electricity (1.1% percentage impact or £1.1 billion expected increase in GDP). On the other hand, the Finance, Insurance, Professional Services, and Administrative Services sector is expected to increase by 1.6% or £10.4 billion.

Employment opportunities

The more drones buzzing around, the greater need for qualified people to fly and control UAVs. In fact, the report from PwC estimates that by 2030, there could be about 628,000 people that will be part of the drone industry in the UK. They will be needed to control the more than 76,000 drones that are predicted to be used in a span of 12 years.

Aside from controlling the drones, there will also be jobs for people who will program the hardware, develop better designs as well as load the drones for delivery.

This is where Coverdrone comes in for drones as well as its operators. The company will provide drone insurance that matches business requirements. Aside from that, Coverdrone will also dole out up-to-date information and advice.

Warrington web design can also help those involved in the drone industry by providing drone businesses with exceptional designs for their websites. It has helped several small and medium businesses achieve its goals by providing their excellent services including brochure website design and e-commerce web design. Warrington web design also provides other services such as Search engine optimisation (SEO) marketing and Pay-per-click (PPC) marketing.

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