The drone market has seen an incredible explosion in the past several years. Widely available models, costing well below $2,000, have contributed to an increase in sales, from $44 million in 2013 to an estimated $1.3 billion this past year.
On the consumer side, it is a hardware-driven boom: inexpensive drones that fit into a backpack and fly with gamelike control sticks. But for businesses, especially construction companies looking to use drones, the democratisation has been driven by software and data advances.
Remote Monitored Systems plc (LON:RMS) is focused on the continued development of the Company’s ‘Survey & Inspection’ business. RMS also has a majority interest in GyroMetric Systems Limited, which develops and manufactures digital monitoring and safeguarding systems for rotating shafts. In addition the Company is implementing an enhanced growth strategy via the appraisal of complementary acquisition or investment opportunities. This is in line with the Company’s stated objective to achieve improved financial performance in the near term.
