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Remote Monitored Systems Plc

Future of drones in business

First used commercially in Japan back in the 1980s, drones are still most commonly associated with military applications or hobbyists, although the future of drones in business is strong.

Unmanned aerial vehicles or drones have an increasing number of use cases in numerous industries, including media coverage, emergency response, agriculture, construction and safety monitoring, and this is only set to increase.

According to Mckinsey, the value of commercial drone activity in the US grew from $40m in 2012 to about $1bn in 2017, and is expected to reach $31bn to $46bn by 2026, with 40% of senior executives believing that the future of drones in business could be game-changing in the next decade, according to a recent survey by Boyden.

Remote Monitored Systems PLC (LON:RMS) is focused on the continued development of the Company’s ‘Survey & Inspection’ business.RMS wholly owns Geocurve Limited a specialist data collection, surveying and data analysis business.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.