Palm Beach, FL – October 17, 2024 – Experts expect the global commercial drone market to keep growing, currently estimated at USD 30.02 billion and projected to rise at a CAGR of 10.6% from 2025 to 2030. Increased use of drones across industries for various applications, alongside AI and machine learning technology integration, is driving this growth.
Key companies in the market include ZenaTech Inc. (NASDAQ: ZENA), AgEagle Aerial Systems Inc. (NYSE: UAVS), RTX Corporation (NYSE: RTX), Draganfly Inc. (NASDAQ: DPRO), and Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS).
The delivery segment is expected to grow the fastest at 14.3% from 2025 to 2030, fueled by the expansion of e-commerce. Drones are increasingly used in warehouses for product management, with the U.S. commercial drone market anticipated to grow above 8% from 2025 to 2030, supported by favorable regulations from the FAA.
ZenaTech Inc. began flight tests for their ZenaDrone 1000 in Arizona, marking a significant milestone. CEO Shaun Passley stated that these tests will help refine their drone solutions for various applications, including agriculture and security.
In addition to the ZenaDrone 1000, ZenaTech is trialing their IQ Nano product for inventory management, which aims to enhance productivity in warehouse operations.
Other companies making headlines include: AgEagle Aerial Systems, which participated in NATO’s REPMUS exercise, RTX Corporation, which is in full-rate production for a missile system, and Draganfly Inc., which updated its Board of Directors. Kratos also received a $45 million contract for a new satellite system.
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