With the global drone market expected to evolve into a US$ 51.4 billion market by CY27, this significant expansion positions drones as disruptors for the future.
DroneAcharya Aerial Innovations Limited announced that it has inked a landmark agreement with CBAI Technologies Private Limited.
-Ishan Haydn
As per recent reports, there’s a rapid anticipated growth in the global drone industry, projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 20% from CY22-30, ultimately reaching around US$ 91.3 billion by CY30. With the global drone market expected to evolve into a US$ 51.4 billion market by CY27, this significant expansion positions drones as disruptors for the future.
As regulatory frameworks evolve and technological advancements continue, the Indian drone ecosystem holds immense potential for growth and innovation. Overcoming these challenges through collaborative efforts between regulators, industry players, and technology innovators will be instrumental in unlocking the full capabilities of drone technology, ensuring a soaring future in the skies.
(Ishan Haydn is the founder and CEO of IZI.)
To read the full article, click on the link: Financial Express
(Disclaimer: Views expressed are personal and do not reflect the official position or policy of Financial Express Online. Reproducing this content without permission is prohibited.)
