The vast amount of technological advancement we have witnessed over the last two decades is astounding. The concept of unmanned aviation vehicles, or drones as they are commonly referred to, would have seemed like something out of a science fiction novel to someone just 40 years ago. Yet here we are, with fully functioning drones that serve a wide range of functions. Drones have been used heavily for military and defense applications, GPS and scouting work, photography, and as a hobby, just to name a few. Even Amazon has toyed with the idea of using drones to carry out deliveries.
This widespread application has created a large industry, one worth almost 8 billion dollars and expected to grow to 12 million by the end of 2020. This large increase presents a great deal of opportunity for investors who can identify trends in the industry. Here we will look at just that. We will begin with a short description of what unmanned aviation vehicles are, where they are used, and what are the current trends in the UAV industry.
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.