New and emerging aviation technologies, such as drones, are already helping industries reduce costs compared to traditional methods of doing business.
It is expected that cumulative estimated cost savings from 2020 to 2050 will total $48 billion in undiscounted terms (Deloitte Access Economics, 2020, p. 35). This is calculated through a scenario based model which estimates drone uptake (number of drones) over time and the potential cost savings taking into consideration the additional value drones add, which is embedded in the technology capability of drones.
This analysis is also informed by a combination of in-house data-sets, other economic data and previous studies, as well as through consultation with the Civil Aviation Safety Authority and Airservices Australia.