Global consulting firm McKinsey recently released a report which suggested that as at early 2022, more than 2000 drone deliveries are occuring each day worldwide. It's projected that there will be close to 1.5m deliveries in 2022, up from 0.5m in 2021, all without blanket regulatory approval.
Given ELS strategy is firmly positioned to service the drone delivery market, with 28 design wins last year and a major deal announced with one of the biggest players in the drone delivery space, Drone Up (partnering with Walmart), ELS seem to be positioned to benefit substantially from this growth.
Global consulting firm McKinsey recently released a report which...
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| ELS (ASX) Chart |