PwC recently completed a socio-economic study for the Future Flight Challenge (FFC) which indicated that switching to new drone and other aviation technologies could be up to 48% cheaper, deliver faster journey times and improve safety compared to current methods.
There are considerable opportunities for developments in aviation technologies to boost the UK economy and deliver wider societal benefits. The Future Flight Challenge (FFC), a £125 million (£300 million matched) programme which is part of the Industrial Strategy Challenge Fund (ISCF), aims to stimulate the development and application of new aviation technologies and position the UK as a global leader in this field.
We were commissioned to undertake a socio-economic study to develop a holistic framework that could be used to assess the potential costs and benefits of selected projects, to assist the FFC with their assessment of certain bids for funding. We analysed six use cases for new aviation technology. Three use cases consider drone applications: powerline inspection, cargo delivery (replacing airfreight) and delivery of prescription medicines. The other three use cases cover passenger transportation and are referred to as “advanced air mobility” (AAM): sub-regional air taxi, rural air taxi and urban air taxi. Read the short summary of our findings
The FFC will initially give 48 UK projects a share of £33.5 million to help accelerate the adoption of the new aviation technologies. In November the first 20 FFC funded projects were announced and will receive over £7 million in funding. Find out more now.
“The Future Flight Challenge is playing a pivotal role in shaping the future of aviation in the UK and it has been a pleasure to work with their team to deepen our collective understanding of the potential for new aviation technologies. Our industry-leading TIMM (Total Impact Measurement and Management) approach and deep market knowledge enabled us to build a holistic framework which delivered powerful insights into the potential costs and benefits of some exciting use cases.”
We combine the right people, experience and technology to give you intelligent outcomes. Our sector-specific expertise and ability to integrate drone data with other technologies, such as machine learning, puts us in the unique position to unlock the true value of drones, and embed long-term benefits at a strategic level across your organisation.
One of our drones experts can support you through the drone assessment, planning and implementation stages, ensuring a systematic and low risk approach to making drone digital transformation work for your business needs.