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Advancements In Drone Technology Opening Up New Applications as Market Size Estimated to Reach $57 Billion by 2028
PALM BEACH, Fla., May 08, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - D...
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[{"type":"text","content":"Advancements In Drone Technology Opening Up New Applications as Market Size Estimated to Reach $57 Billion by 2028\n\n\n\n PALM BEACH, Fla., May 08, 2025 (GLOBE NEWSWIRE) --\n \n\n FN Media Group\n \n\n\n News Commentary\n \n - Drone services are progressively replacing legacy services in the commercial sector, such as aerial surveys, filmography, and search and rescue operations. They offer the advantages of prolonged operation, remote control by human operators, or autonomous functioning by onboard computers. The increasing adoption of drone services across various civil and commercial applications can be attributed to their extended endurance and cost-effectiveness. Furthermore, the integration of advanced technologies like artificial intelligence, IoT (Internet of Things), and cloud computing into drone services is expected to further boost their demand across various sectors. A\n \n report\n \n from MarketsAndMarkets said that the Global Drone Services Market Size is estimated to reach USD 57.8 billion by 2028, growing at a CAGR of 27.7% during the forecast period. The report continued: “The drone market size continues to expand as the drone services industry evolves, offering a diverse range of services for both remotely controlled and autonomously flown drones. This industry integrates software-controlled flight plans into drones' embedded systems, making it a critical component in sectors like agriculture, insurance, construction, marine, aviation, oil & gas, mining, and infrastructure. The demand for these services, which includes tasks such as search and rescue, package delivery, industrial inspections, imaging, and healthcare supply distribution to remote areas, significantly contributes to the growing drone market size.”   Active Companies in the drone industry today include\n \n ZenaTech, Inc.\n \n (NASDAQ: ZENA),\n \n Teledyne Technologies Incorporated\n \n (NYSE: TDY),\n \n ParaZero Technologies Ltd.\n \n (NASDAQ: PRZO),\n \n Safe Pro Group Inc.\n \n (NASDAQ: SPAI),\n \n Unusual Machines, Inc.\n \n (NYSE American: UMAC).\n \n\n MarketsAndMarkets added: “In terms of market segmentation, drone services are categorized by the type of service provided, including platform services (further divided into flight piloting and operation, data analysis, and data processing), maintenance, re...