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Global Drone Land Surveying Market Forecasted to Reach $8.06 Billion by End Of 2033
Thursday, 5th December at 8:45 am
PALM BEACH, Fla., Dec. 05, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - While the global drone surveying market is still in the initial phase of the life cycle, the industry is changing at a light speed with continuous technological advancement and expanding service offerings. The drone survey companies are witnessing huge interest from private equity and venture capitalist. Investment firms are investing huge amounts of money in drone survey companies. According to Fact.MR, a market research and competitive intelligence provider, the global drone surveying market size is expected to grow at a CAGR of 19.3% during the forecast period and will achieve a valuation of US$ 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. (NASDAQ: ZENA), Safe Pro Group Inc. (NASDAQ: SPAI), AeroVironment, Inc. (NASDAQ: AVAV), Red Cat Holdings, Inc. (NASDAQ: RCAT), Draganfly Inc. (NASDAQ: DPRO).
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