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PALM BEACH, Fla., Jan. 16, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The drone industry as a whole has been on a technological improvement spree for a quite long time. The drone industry has witnessed multiple breakthroughs in its uses and operations. The drone market is flooded with companies providing an abundance of drone-related products and services. Drone surveying services have emerged as one of the most sought-after drone-related services in the past few years. Drone surveying services are being applied in multiple industries such as agriculture, mining, infrastructural development, energy, transportation, etc. and the demand continues to increase and more industries are expected to integrate drones for their operation use. A report from Fact.MR said that the global drone surveying market, which reached a valuation of approximately US$ 1380.4, is further expected to grow at a CAGR of 19.3% through 2033 and achieve a valuation of US$ 8061.5 million by the end of 2033. The drone surveying market, which accounted for 21% of the total drone service market in 2022 is expected to increase its share in the total drone service market by the end of the forecast period. Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AeroVironment, Inc. NASDAQ: AVAVNASDAQAVAV)(NASDAQ: RCATNASDAQRCAT, Draganfly Inc. (NASDAQ: DPRONASDAQ), Ondas Holdings Inc. (NASDAQ: ONDSONDS).

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PALM BEACH, Fla., Jan. 02, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global military drone market is witnessing rapid technological advancements, with significant improvements in drone capabilities such as endurance, payload capacity, and stealth features. Innovations in materials science, battery technology, and miniaturization are enabling drones to fly longer, carry heavier loads, and avoid detection more effectively. A report from Grand View Research predicted that the Global Military Drone Market Size is projected to grow at a CAGR of 13.8% from 2024 to 2030. The report said: “There is a growing trend towards the adoption of autonomous and semi-autonomous drone systems in military operations. Autonomous drones can perform complex missions with minimal human intervention, reducing the risk to personnel and increasing mission success rates. The development of sophisticated algorithms for navigation, target recognition, and obstacle avoidance is driving market growth. Military drones are increasingly being integrated with other defense systems to create a cohesive and interconnected battlefield environment. This integration includes linking drones with ground-based radar systems, manned aircraft, and naval vessels, enabling seamless data sharing and coordinated operations. The concept of network-centric warfare, where various military assets are interconnected through a robust communication network, is driving market growth.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AgEagle Aerial Systems Inc. NYSE: UAVSNYSEUAVS)(NASDAQ: RCATNASDAQRCAT, Ondas Holdings Inc. (NASDAQ: ONDSNASDAQ), Draganfly Inc. (NASDAQ: DPRODPRO) (CSE: DPRO).

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PALM BEACH, Fla., Dec. 18, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - In emergency situations, such as natural disasters, medical drones offer rapid response capabilities, delivering critical supplies like blood, vaccines, and medications to affected areas. During the COVID-19 pandemic, medical drones played a crucial role in delivering vaccines to remote and underserved regions. For instance, in 2021, drones were used to deliver COVID-19 vaccines in parts of Africa and Southeast Asia, showcasing their potential in managing public health crises. These successful implementations and market projections further underscore the significant impact of medical drones on healthcare delivery systems. Medical drone delivery services refer to the use of unmanned aerial vehicles (UAVs), commonly known as drones, to transport medical products, supplies, equipment, and medications to healthcare facilities, remote areas, and individuals in need. These services leverage drone technology to improve the efficiency, speed, and reach of medical deliveries, particularly in challenging or hard-to-reach locations. Medical drones can rapidly deliver life-saving supplies and equipment to emergency situations, such as defibrillators, medications for cardiac arrest, or trauma care kits. Moreover, drones supplement existing EMS infrastructure by providing additional support during peak demand, emergencies, or when ground-based services are limited. According to Global Market Insights the Medical Drone Delivery Services Market size was valued at around USD 245.4 million in 2023 and is expected to grow at a CAGR of 22.3% from 2024 to 2032 where it will reach $1.9 billion. The increasing application of medical drones in the healthcare industry is driving the growth of the market by enhancing accessibility, improving delivery speed and efficiency, providing cost-effective solutions, and benefiting from technological advancements. Active companies in the markets this week include: Draganfly Inc. (NASDAQDPRO) (CSE: DPRO), General Dynamics NYSE: GDNYSEGD)(NASDAQ: RCATNASDAQRCAT, Ondas Holdings Inc. (NASDAQ: ONDSNASDAQ), Unusual Machines, Inc. (NYSE: UMACUMAC).

PALM BEACH, Fla., Dec. 05, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - While the global drone surveying market is still in the initial phase of the life cycle, the industry is changing at a light speed with continuous technological advancement and expanding service offerings. The drone survey companies are witnessing huge interest from private equity and venture capitalist. Investment firms are investing huge amounts of money in drone survey companies. According to Fact.MR, a market research and competitive intelligence provider, the global drone surveying market size is expected to grow at a CAGR of 19.3% during the forecast period and will achieve a valuation of US$ 8061.5 million by the end of 2033. The report said: “The drone surveying market is going through a technological revolution. Nowadays drones have improved battery life, a better quality of image, and increased speed in comparison to what they used to be 3-5 years back. The drone surveying industry is growing rapidly amid rising demand across different industries such as energy, infrastructure development, mining, agriculture, real estate, and transportation among others. The market is flooded with entrants of new market players across different segments such as drone hardware, software, and services. The industry is receiving huge interest from investment firms, and drone companies are being invested heavily in the last few years. With the growing adoption of drones in different end-use industries, it is expected that the market will continue to witness growing double-digit demand during the forecast period of 2023-2033.” Active Companies in the markets today include: ZenaTech, Inc. (NASDAQZENA), Safe Pro Group Inc. NASDAQ: SPAINASDAQSPAI)(NASDAQ: AVAVNASDAQAVAV, Red Cat Holdings, Inc. (NASDAQ: RCATNASDAQ), Draganfly Inc. (NASDAQ: DPRODPRO).

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PALM BEACH, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The commercial drone industry is witnessing rapid growth and transforming various sectors such as agriculture, delivery and logistics, and energy among others. Advancements in drone technologies have led to increased demand and utilization in industries such as filming, emergency response, construction, and real estate. Additionally, drone software solution providers and manufacturers are continuously innovating and upgrading their offerings to cater to diverse market needs. As governments establish regulatory frameworks, the integration of drones into industries is expected to accelerate. This, in turn, is likely to create lucrative opportunities for market expansion over the forecast period. A report from Grand View Research projected that the U.S. commercial drone market size is expected to grow at a compound annual growth rate (CAGR) of 9.1% through 2030. The report said: “Furthermore, favorable legislations and rising use of commercial drones by authorities in the U.S. is expected to attract various industries to utilize drones for different processes. Similarly, government authorities across the region are constantly working on framing new regulations for the commercial applications of drones. This is attributed to increased focus on the adoption of commercial drones due to their economic potential, while prioritizing the safety and security of the country. This, in turn, is anticipated to drive the U.S. commercial drone market growth over the forecast period.”   Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AeroVironment, Inc. NASDAQ: AVAVNASDAQAVAV)(NASDAQ: DPRONASDAQDPRO, Red Cat Holdings, Inc. (NASDAQ: RCATNASDAQ), Safe Pro Group Inc. (NASDAQ: SPAISPAI).

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Draganfly secures a purchase order from TB2 Aerospace for Commander 3XL drones to support the U.S. Department of Defense with smart logistics POD systems, marking the start of scaling TB2's DROPS system.

PALM BEACH, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Artificial intelligence (AI) and drones are a formidable combo that has the potential to transform a variety of industries. When coupled, they build intelligent and autonomous airborne systems capable of completing complicated tasks in a variety of conditions. Because of this, the combination of artificial intelligence and drone technology offers new aerial technological developments for various industries, including agriculture, construction, energy, and security, as well as a solution to many aerial imagery demands. Factors such as technological advancements, growing need for automation and efficiency, and the increasing adoption of drones in the Logistics and Delivery, Agriculture and Precision Farming, Disaster Management and Search & Rescue, Environmental Monitoring and Industrial sectors are boosting the adoption of AI solutions in the UAV landscape. A report from Knowledge Sourcing Intelligence projected that the Artificial Intelligence in drone market size is projected to show steady growth during the forecast period (2024-2029). The report said: "Booming drone adoption in the sector boosts AI in drone market growth. Drones driven by AI are taking over major sectors such as agriculture, serving as industrious field workers. They minimize human effort while monitoring crop health, accurately locating pests, and applying irrigation to maximize production and optimize resource use. The movement known as "precision agriculture" is revolutionizing the way of raising food. According to the January 2022 Press Release Bureau, the government is extending financial support under the "Sub-Mission on Agriculture Mechanization" to encourage the use of drones in agriculture. The Agriculture Ministry will give agricultural institutions grants of up to Rs. 10 lakhs so the farmers can buy drones. When it comes to drone demonstrations on farmer fields Farmer's Producers Organizations (FPOs) can receive funds for up to 75% of the total cost of the drone. The initiatives and factors supporting agriculture enhance the drone market." Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), Palantir Technologies Inc. NYSE: PLTRNYSEPLTR)(NASDAQ: QCOMNASDAQQCOM, AgEagle Aerial Systems Inc. (NYSE: UAVSNYSE), Draganfly Inc. (NASDAQ: DPRODPRO).

Draganfly Inc (NASDAQDPRO) and Nightingale Security to develop a fully automated UAS solution for oil and gas infrastructure monitoring using advanced remote sensing technology. Stock down 1.67% at $2.35 premarket.

PALM BEACH, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts and investors see continued growth in the global commercial drone market size. The market growth is attributed to the increasing enterprise application of drones across various industry verticals. Several drone manufacturers are continually testing, inventing, and upgrading solutions for diverse markets used for various applications, including filming and emergency response. Besides, the integration of modern technologies in commercial drones to deliver enhanced solutions is opening new growth opportunities for the commercial drone market. According to a report from Grand View Research said that the global commercial drone market size, which was estimated at USD 30.02 billion in 2024 is expected to grow at a CAGR of 10.6% from 2025 to 2030. The report said: “Technological advances allow companies to design and construct measurement and annotation tools for estimating area, volume, and distance. As a result, organizations are constantly adopting Artificial Intelligence (AI) and Machine Learning (ML) solutions to retrieve accurate findings from large volumes of data. Integration of these modern technologies provides the industry with ample opportunities as they facilitate real-time, data-driven decision-making through high-speed data capture, processing, and transfer. AI-powered drones also allow users to interact and observe footage captured by other drones in real-time and track their flight paths.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AgEagle Aerial Systems Inc. NYSE: UAVSNYSEUAVS)(NYSE: RTXNYSERTX, Draganfly Inc. (NASDAQ: DPRONASDAQ), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOSKTOS).

PALM BEACH, Fla., Oct. 02, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The AI in Drone Technology involves the integration of artificial intelligence with drone technology to enhance the capabilities of drones in various applications, such as military and defense, agriculture, logistics, government, industrial sectors and construction. In fact, a recent report (August 2024) from market.us said that the Global AI in Drone Technology Market size is expected to be worth around USD 206.9 Billion by 2033, from USD 12.5 Billion in 2023, growing at a CAGR of 32.4% during the forecast period from 2024 to 2033. The report said: “The AI in Drone Technology Market focuses on the integration of artificial intelligence into drone operations. AI enhances drone capabilities in areas such as navigation, data collection, and autonomous decision-making. This market is growing rapidly as industries recognize the potential of drones to improve efficiency and reduce costs. Key applications of AI in this market include precision agriculture, aerial surveillance, and delivery services. AI-driven drones can analyze vast amounts of data in real-time, enabling more accurate decision-making and faster response times. Industries such as agriculture, logistics, and defense are major adopters.”   Active AI/Drone Tech Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), AeroVironment, Inc. NASDAQ: AVAVNASDAQAVAV)(NASDAQ: DPRONASDAQDPRO, Red Cat Holdings, Inc. (NASDAQ: RCATNASDAQ), AgEagle Aerial Systems Inc. (NYSE: UAVSUAVS).

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PALM BEACH, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The use of Unmanned Aerial Vehicles (UAV’s) is growing rapidly across many civil application domains, including real-time monitoring, providing wireless coverage, remote sensing, search & rescue, delivery of goods, security & surveillance, precision agriculture, and civil infrastructure inspection. The growth of the UAV market is fundamentally influenced by the evolution of technologies that include advancements in lightweight composite materials that enhance flight duration and efficiency, and developments in high-resolution imaging sensors that expand application possibilities. The integration of sophisticated data analytics and machine learning algorithms has significantly improved UAV intelligence, enabling autonomous operations. Additionally, improvements in communication systems, allowing for enhanced command and control capabilities, and the advancement of battery technology for longer operational ranges, are crucial. These factors collectively contribute to the escalating adoption and versatility of UAVs in various sector. A report from MarketsAndMarkets said: “The UAV volume is projected to grow from 5.42 million units in 2024 to 7.51 million units in 2029. The overall UAV (Drone) Market (OEM+ aftermarket) to be USD 30.2 billion in 2024 and is projected to reach USD 48.5 billion by 2029, at a CAGR of 9.9% from 2024 to 2029.” The report said: “Drones are particularly important for inspecting difficult-to-reach locations at certain altitudes or in contaminated surroundings. The use of drones has modernized telecommunication tower scrutiny as they can be used to carry out supervision of these towers cost-effectively and in less time. Drones can also be employed for aerial evaluation of buildings and other infrastructure such as pipelines, electric grids, offshore plants, and solar plates. They can use thermal imaging cameras to detect hotspots on solar plates; spots where energy is not spreading evenly. This can enhance the productivity of solar power plants by the instant identification of potentially problematic areas.”   Active companies in the markets this week include: Draganfly Inc. (NASDAQDPRO) (CSE: DPRO), Chevron Corporation NYSE: CVXNYSECVX)(NYSE: XOMNYSEXOM, ConocoPhillips (NYSE: COPNYSE), Occidental Petroleum Corporation (NYSE: OXYOXY).

PALM BEACH, Fla., Sept. 05, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global military drone market industry is witnessing rapid technological advancements, with significant improvements in drone capabilities such as endurance, payload capacity, and stealth features. Innovations in materials science, battery technology, and miniaturization are enabling drones to fly longer, carry heavier loads, and avoid detection more effectively. Integration of advanced sensors and AI-driven analytics enhances their operational efficiency, providing real-time data processing and decision-making capabilities. These advancements are expanding the adoption of drone applications in military operations, from surveillance and reconnaissance to combat and logistics. According to a report from Grand View Research the global military drone market size was USD 36,140.8 million in 2023 and is projected to grow at a CAGR of 13.8% from 2024 to 2030. The report said: “Furthermore, there is a growing trend towards the adoption of autonomous and semi-autonomous drone systems in military operations. Autonomous drones can perform complex missions with minimal human intervention, reducing the risk to personnel and increasing mission success rates. The development of sophisticated algorithms for navigation, target recognition, and obstacle avoidance is driving market growth.” Active companies in the markets this week include: Draganfly Inc. (NASDAQDPRO) (CSE: DPRO), The Lockheed Martin NYSE: LMTNYSELMT)(NASDAQ: AVAVNASDAQAVAV, Northrop Grumman Corporation (NYSE: NOCNYSE), RTX Corporation (NYSE: RTXRTX).