Lower battery costs and autonomous technology should power aerial drones into a $455 billion market within 10 years, according to Tasha Keeney of ARK Invest. While there may be the perception that drones are toy planes for adults, Tasha says that manufacturers are improving the technology so quickly that they could soon be the way that 50% for all online shopping and takeaway food is delivered.
“Drones are bringing down delivery costs to a 10% of what they are without autonomous electric technology.”
But Tasha also believes that drones will play an important role in saving lives. Here, she expands on ARK’s thesis for this emerging industry and one of her top stock picks to play the theme.
Not everyone sees the next big thing coming
The Nikko AM ARK Global Disruptive Innovation Fund offers access to a global equity portfolio that provides thematic exposure to disruptive innovation. The Fund seeks to capture long-term capital growth by capitalising on changing trends caused by technology-enabled innovations like genomics, robotics and next generation internet. For more information hit the contact button below.