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Drones might deliver $15B to Australian GDP in over next 20 years

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 Australia’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.

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

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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