By: AGORACOM Staff

Drone Surveying Industry Soars Toward $8 Billion Valuation by 2033

The global drone surveying market is riding a wave of technological advancements, and its growth shows no signs of slowing down. With applications spanning various industries, from agriculture to infrastructure, energy, and transportation, drone surveying services have become indispensable. According to a report from Fact.MR, a leading market research provider, the global drone surveying market is expected to reach a valuation of $1.38 billion in 2023. Moreover, this market is poised to experience remarkable growth, with a projected compound annual growth rate (CAGR) of 19.3% from 2023 to 2033, aiming for an impressive valuation of $8.06 billion by the end of 2033.

Investors are flocking to the drone industry, especially businesses involved in surveying and mapping. Venture capitalists and private equity firms are pouring millions of dollars into these companies, recognizing the immense potential of this multi-billion-dollar industry.

One standout player in this booming field is Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO). The State Geological Survey has chosen Draganfly's Commander 3 XL platform to enhance geological research and surveying efforts. This versatile drone platform can carry up to 22 pounds of payload, offering longer flight times and efficient data collection for geological applications. The Commander 3 XL is gaining recognition as the "Swiss Army Knife of drones," with its impressive capabilities and ease of use.

Intel Corporation (NASDAQ: INTC) is also making significant strides, recently announcing groundbreaking glass substrates for advanced packaging, set to propel data-centric applications and support the continued scaling of transistors.

Meanwhile, AgEagle Aerial Systems Inc. (NYSE American: UAVS) is revolutionizing the drone industry by integrating AgEagle's RedEdge-P dual sensor innovation into its DeltaQuad EVO drone. This innovation enables superior imaging capabilities for applications like plant classification, environmental research, and vegetation analysis.

Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE: TDY), is taking reconnaissance and surveillance to the next level with the Black Recon Vehicle Reconnaissance System (VRS), designed to operate micro-unmanned aerial vehicles from within military vehicles, ensuring safety and situational awareness.

In the transportation sector, Trimble (NASDAQ: TRMB) is enhancing driver and fleet management experiences for Dart Transit Company. This move will not only improve safety and compliance but also boost efficiency in the management of their extensive fleet.

As the drone surveying industry continues to evolve and innovate, it promises to revolutionize various sectors, making tasks more efficient, cost-effective, and data-driven than ever before.

 YOUR NEXT STEPS 

Visit $DPRO HUB On AGORACOM: https://agoracom.com/ir/Draganfly 

Visit $DPRO 5 Minute Research Profile On AGORACOM: https://agoracom.com/ir/Draganfly/profile

Visit $DPRO Official Verified Discussion Forum On AGORACOM: https://agoracom.com/ir/Draganfly/forums/discussion

Watch $DPRO Videos On AGORACOM YouTube Channel:

https://www.youtube.com/feed/library

DISCLAIMER AND DISCLOSURE 

This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)

AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) .  As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.

You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients.  In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.

Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations.  These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.

From time to time, reference may be made in our marketing materials to prior Records we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

NO INVESTMENT ADVICE

This record, and any record we publish by or on behalf of our clients, should not be construed as an offer or solicitation to buy or sell products or securities.

You understand and agree that no content in this record or published by AGORACOM constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person and that no such content is tailored to any specific person’s needs. We will never advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

Neither the writer of this record nor AGORACOM is an investment advisor.  Both are neither licensed to provide nor are making any buy or sell recommendations. For more information about this or any other company, please review their public documents to conduct your own due diligence.

If you have any questions, please direct them to info@agoracom.com 

For our full website disclaimer, please visit  https://agoracom.com/terms-and-conditions