Business
Drone Operations and Demand Skyrocketing as Manufacturers Ramp Up Production Efforts
PALM BEACH, Fla., March 13, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary -...
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[{"type":"text","content":"Drone Operations and Demand Skyrocketing as Manufacturers Ramp Up Production Efforts\n\n\n\n PALM BEACH, Fla., March 13, 2025 (GLOBE NEWSWIRE) --\n \n\n FN Media Group\n \n\n\n News Commentary\n \n - The business use cases of commercial drones have expanded significantly over the past few years. They are being increasingly adopted in the construction and real estate sectors due to their ability to survey the property, offer constant and exact project alerts, increase safety, and prevent harmful accidents on construction sites. Moreover, their conventional applications, such as monitoring, surveillance, and security, have instigated the product demand for search and rescue operations, identifying unstable roofs in dangerous and inaccessible positions, tracking out elevated infrastructure that might have damaged electrical cables, etc. A recent\n \n report\n \n from Grand View Research said that: “The global\n \n commercial drone market size\n \n was estimated at USD 30.02 billion in 2024 and is expected to grow at a CAGR of 10.6% from 2025 to 2030. 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.” Active Companies in the markets today include\n \n ZenaTech, Inc.\n \n (NASDAQ: ZENA),\n \n AeroVironment, Inc.\n \n (NASDAQ: AVAV),\n \n Kratos Defense & Security Solutions, Inc.\n \n (NASDAQ: KTOS),\n \n Red Cat Holdings, Inc.\n \n (NASDAQ: RCAT),\n \n Draganfly Inc.\n \n (NASDAQ: DPRO).\n \n\n The Grand View Research report continued: “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\n \n Machine Learning\n \n (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 thr...