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ZenaTech's Drone as a Service (DaaS) Offerings Expand to Bathymetric Surveys for Underwater Terrain Mapping for Commercial and Government Customers
GlobeNewswire News Room· 2025-05-01 12:15
Core Insights - ZenaTech, Inc. has expanded its Drone as a Service (DaaS) offerings to include bathymetric surveys, which utilize drones equipped with sonar for underwater mapping, catering to both commercial and government clients [1][2][3] Company Developments - The acquisition of Wallace Surveying enhances ZenaTech's DaaS capabilities in South Florida, leveraging existing relationships and expertise in surveying [2][3] - CEO Shaun Passley highlighted the advantages of using drones for bathymetric surveys, including faster, safer, and more cost-effective data collection compared to traditional methods [3] Market Overview - The global Bathymetry Survey Sonar Market was valued at approximately $1.2 billion in 2023 and is projected to grow to $2.1 billion by 2032, with a compound annual growth rate (CAGR) of 6.2% [4] Business Model - ZenaTech's DaaS model allows customers to access various drone services without the need for purchasing or maintaining drones, thus reducing upfront costs and operational risks [5][6] - The model is designed to be scalable, enabling customers to adjust usage based on their business needs while providing access to advanced drone technology [6] Product Offerings - The DaaS business will utilize the ZenaDrone 1000 and the IQ series of multifunction autonomous drones for a range of applications, including land surveys and inspections [5]
Global Agriculture Drones Market Projected to Reach $8.03 Billion By 2029 with Significant Growth Still Expected
Newsfilter· 2025-04-24 12:30
Industry Overview - The global agriculture drones market is projected to grow from $2.01 billion in 2024 to $8.03 billion by 2029, indicating significant growth potential driven by the adoption of aerial data collection tools in agriculture [1] - The cereals and grains segment is experiencing substantial growth, with drones playing a crucial role in optimizing yields through aerial surveys, crop health monitoring, and soil condition assessments [2] - The overall agriculture drone market is expected to grow from $6.10 billion in 2024 to $23.78 billion by 2032, at a CAGR of 18.5%, fueled by demand for precision agriculture and advancements in drone technology [4] Company Developments - ZenaTech, Inc. has received FAA Part 137 approval for its ZenaDrone 1000, allowing it to conduct commercial agricultural operations, including crop spraying and precision agriculture [2][3] - ZenaTech plans to utilize a Drone as a Service (DaaS) model to sell its solutions, targeting larger commercial farms and agribusinesses [2] - Unusual Machines, Inc. reported a fourth-quarter revenue of over $2.0 million, marking a 31% increase quarter-over-quarter, with total revenue for FY2024 reaching $5.65 million, exceeding its target by 13% [11] Technological Advancements - The ZenaDrone 1000 features advanced technology, including AI, sensors, and purpose-built attachments for crop spraying, designed for stable flight and heavy lift capabilities [5][6] - Sidus Space has unveiled a near real-time vessel detection and classification capability through its LizzieSat® satellite platform, enhancing space-based maritime intelligence [12][13] - AgriFORCE Growing Systems Ltd. has made progress in its Radical Clean Solutions division, receiving a U.S. patent for a chemical-free solution to reduce mold and extend the shelf life of produce [14][15][16]