INDUSTRY INSIGHTS: A Yahoo Finance news article in late August 2024 shared Research And Market’s projections of the global Drone Services marketplace, which was estimated at a value of USD 18.67 billion in 2023. The research expects the industry to grow to USD $44.08 billion by 2029, with a compound annual growth rate (CAGR) of 15.22%. The market includes services like aerial photography, mapping, infrastructure inspection, agriculture monitoring, delivery, and emergency response. This growth is driven by advances in technology, regulatory support, and increasing adoption across various industries.
A key trend is the integration of artificial intelligence (AI) and machine learning (ML) into drones, enabling autonomous navigation, real-time data analysis, and decision-making. AI-driven drones are being used in agriculture, industrial inspections, security, and more, offering enhanced efficiency and safety. The major end-users of drone services include construction, agriculture, energy, public safety, media, and logistics.
Idroneinnovations (IDI) is seeing this exciting growth within the industry and with its customers; many of whom are in the industries mentioned and featured in the report, including: construction, agriculture, energy, public safety, media, and logistics. Furthermore, like drone manufacturers themselves implementing AI-driven computer vision, computer learning and flight automation with their aerial devices, IDI is implementing AI-powered innovations into its Automated Drone Deployment System (ADDS), which offers many of these industries the ability to have their own resident "drone-in-a-box" solution on premises for many of the tasks driving the industry growth, such as aerial photography, mapping, infrastructure inspection, agriculture and construction site monitoring, and emergency response.
IDI is combining advanced software and hardware for fully automated UAV tasks, and the system has been adopted globally with land and property management, first responded services, energy and critical infrastructures, and mining and construction. Learn more at www.idroneinnovations.com.
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Source: https://lnkd.in/eWJQQYyE
