Research

Watch orders not investment, says IDTechEx

Tech holds potential for delivery in remote locations, humanitarian missions and also warehouse and work sites

ESCP Business School professor has warned that employers' approach to improving workplace mental health must take top priority in the wake of the pandemic

The global market for multirotor drones is on course to reach $8.3 billion (£ 6.3 billion) within the next seven years, new research suggests. The market UAVs with more than two motors was worth $1.9 billion (£1.4 billion) last year but is poised to experience CAGR of 20% between now and 2027, according to Stratistics MRC. It said key factors propelling the market growth include the increasing need for quick access to mission critical locations, the growing use of UAVs in the military and law enforcement applications, and technological advancements to improve the working of multirotor drones. However, declining defence

Rescues have included things like hikers lost in remote locations, struggling swimmers, lost boaters and more.

The report from Meticulous Market Research suggested growth will continue due to the falling cost of drone production.

The UK drone sector is projected to over the coming years, with increasingly capable technology, spawn a new range of potential applications and business models.

"The military drone market share is driven by factors such as battle damage management, combat operations, and delivery and transportation services across the globe," the report reads.

The report suggests that digital transformation, remote monitoring and the need to optimise operational costs will drive the significant growth.

Growth will be driven by technological advancements such as artificial intelligence (AI), as well as drones capable of long endurance flights and indoor inspection.