Drones deliver thousands of jobs and $15B to Australian GDP in over next 20 years

Deloitte Access Economics forecasts that recreational and commercial drones could deliver thousands of jobs and as much as $15 billion to the Australian Gross Domestic Product in the next 20 years.

Drones deliver thousands of jobs and $15B to Australian GDP in over next 20 years

On behalf of ’s Department of Infrastructure, Transport, Regional Development and Communications, Deloitte Access Economics created three different scenarios, a low, medium, and high uptake. Contributions to the Australian GDP by 2040 ranged from $9B to $14.5B, and to even $20B in the high uptake scenario.

Drones Deliver Thousands Of Jobs And $15B To Australian Gdp In Over Next 20 Years 1

Recreational use of drones would make up 30% of the by 2040 and would include flying for fun, competition, photography, videography, and other creative pursuits.

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Drones Deliver Thousands Of Jobs And $15B To Australian Gdp In Over Next 20 Years 3

In the medium case scenario, the drone industry would still create an additional 5,500 full-time jobs by 2040.

On the commercial side of the drone industry agriculture and mining promise the largest economic potential. For instance, by 2040 the agriculture industry could see a 75% market penetration and realize $3B in savings for the industry by the year 2040.

“Most likely,” according to the researchers, is a ‘medium uptake’ scenario – which will fuel an increase in the uptake rate in existing sectors (e.g. agriculture, mining, construction) as well as growth in new use cases, said Deloitte Access Economics partner Steve Kanowski.

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Haye Kesteloo

Haye Kesteloo is the Editor in Chief and Founder of DroneXL.co, where he covers all drone-related news, DJI rumors and writes drone reviews, and EVXL.co, for all news related to electric vehicles. He is also a co-host of the PiXL Drone Show on YouTube and other podcast platforms. Haye can be reached at haye @ dronexl.co or @hayekesteloo.

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