AI Drone Market Soars as ZenaTech Lists on Nasdaq

Global Artificial Intelligence (AI) Drone Technology Market Size Expected to Reach $206 Billion by 2033 By Investing.com

PALM BEACH, Fla., Oct. 02, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The AI in Drone Technology involves the integration of artificial intelligence with drone technology to enhance the capabilities of drones in various applications, such as military and defense, agriculture, logistics, government, industrial sectors and construction. In fact, a recent report (August 2024) from market.us said that the Global AI in Drone Technology Market size is expected to be worth around USD 206.9 Billion by 2033, from USD 12.5 Billion in 2023, growing at a CAGR of 32.4% during the forecast period from 2024 to 2033. The report said: The AI in Drone Technology Market focuses on the integration of artificial intelligence into drone operations. AI enhances drone capabilities in areas such as navigation, data collection, and autonomous decision-making. This market is growing rapidly as industries recognize the potential of drones to improve efficiency and reduce costs. Key applications of AI in this market include precision agriculture, aerial surveillance, and delivery services. AI-driven drones can analyze vast amounts of data in real-time, enabling more accurate decision-making and faster response times. Industries such as agriculture, logistics, and defense are major adopters. Active AI/Drone Tech Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), AeroVironment (NASDAQ:AVAV), Inc. (NASDAQ: AVAV), Draganfly Inc. (NASDAQ: NASDAQ:DPRO), Red Cat Holdings, Inc. (NASDAQ: RCAT), AgEagle Aerial Systems Inc. (NYSE: UAVS). Market.us continued: As the use of drones expands, the role of AI in enhancing their capabilities will become increasingly important. Companies that invest in AI-powered drones can achieve significant operational advantages, such as improved accuracy and reduced labor costs. The focus should be on developing AI solutions that address specific industry needs. Government support is also crucial in fostering the growth of AI in drone technology. In the United States, the Federal Aviation Administration (FAA) has authorized over 400,000 commercial drone operators, with a significant portion utilizing AI-driven drones. This regulatory environment, coupled with strong government backing, ensures the safe and efficient deployment of drones in various industries. The integration of AI with drone is not only enhancing operational efficiency but also driving significant economic benefits. The ability of AI-driven drones to perform tasks with greater precision and speed is revolutionizing traditional methods in agriculture, logistics, and beyond. As regulatory frameworks continue to evolve and support the adoption of these technologies, the market for AI in drone technology is poised for substantial growth. ZenaTech Inc. (NASDAQ:ZENA), AI Drone and Enterprise SaaS Company, Announces Direct Listing on the Nasdaq Capital Market Under the Symbol ZENA - ZenaTech, Inc. announced that trading of ZenaTech's common shares commenced this week on the Nasdaq Capital Market under the stock ticker symbol ZENA. "We are pleased ZenaTech has reached the status of a publicly listed company on Nasdaq," said CEO, Dr. Shaun Passley Ph.D. This achievement will help expand our universe of potential investors and will enable our growth plans for drone solutions, incorporating software and hardware innovations, for inspection, monitoring, compliance, field service, and other applications to meet current customer demand. ZenaTech is a technology company specializing in AI drone solutions and enterprise SaaS solutions for mission-critical business applications. Since 2017, the company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and field service processes. With over 100 enterprise software customers using our branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech helps drive exceptional operational efficiencies and cost savings. ZenaTech provides drone or UAV (unmanned aerial vehicle) and a SaaS-based enterprise software solutions that help businesses and government improve mission-critical operations. From drone solutions for smart farming or accessing medical supplies on the battlefield, to software applications used by law enforcement, field service technicians, and plant managers, the company's portfolio of subsidiary brands and patented products deliver innovation, automation, and cost savings. The ZenaDrone 1000 is a cutting-edge drone that combines innovative software technology and custom hardware components, catering to diverse industries such as construction, agriculture, surveillance, search and rescue, and environmental inspection. The ZenaDrone IQ series are designed for indoor hovering with autonomous inspection and monitoring capabilities. It features integrated sensors, and high-quality cameras. The drone's sleek and portable design ensures superior video transmission and sensing systems, providing reliable aerial visual data. Read the full press release and more for ZenaTech at: https://www.financialnewsmedia.com/news-zena/ Other recent developments in the AI technology industry include: AeroVironment, Inc. (NASDAQ: AVAV) was recently awarded a contract for the U.S. Army's Directed Requirement (DR) for Lethal Unmanned Systems (LUS). The 5-year contract from Army Contracting Command-Aberdeen Proving Ground is Indefinite Delivery, Indefinite Quantity (IDIQ) with a contract ceiling value of $990M. Deliveries of the Switchblade systems are expected to begin in months. The LUS Directed Requirement is the Army's first effort to equip soldiers in infantry battalions with lethal, man-portable loitering munition systems. The combat-proven Switchblade systems will enhance soldiers' capabilities with precision flight control, greater lethality against fortified targets such as armored vehicles and tanks, and the ability to track and engage moving non-line-of-sight targets. AV was awarded a contract for the LUS Directed Requirement in December 2023 and is currently delivering systems under that contract. Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading drone solutions and systems developer, recently announced that it has received a purchase order from TB2 Aerospace (TB2) for Commander 3XL Drones to be deployed with TB2 Drone Recharging Operational Payload System Pods (DROPS) within the DoD for various mission types. This order represents the beginning of the deployment and scaling of the DROPs system in conjunction with the Draganfly line of drones. The Commander 3XL will be utilized to carry out various logistics missions. The Commander 3XL is well suited as a transport vehicle, as is the entire Draganfly drone product line for TB2 Aerospace's smart logistics PODs, as Draganfly Drones are interoperable, providing operators a variety of aircraft size, payload capacity and weight configurations that utilize common communication, counter electronic warfare options, mission planning software, accessories, payloads and more. TB2 Aerospace and Draganfly have collaborated to integrate TB2's DROPS Pods on Draganfly's drones, positioning Draganfly as a primary transport vehicle for TB2 Aerospace deployments within the DoD. We are honored to be doing this exciting work with TB2 and to have been selected for this important work in the military logistics sector," said Cameron Chell, CEO of Draganfly. "Draganfly thrives at working to provide exceptional capabilities by integrating our line of drones, experience, and technology stack into mission profiles and use cases with our commercial and military partners"and doing it within time frames and at costs that few others can. Palladyne AI Corp. (PDYN), a developer of artificial intelligence software for robotic platforms in the defense and commercial sectors, and Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently announced a partnership intended to enhance the autonomous capabilities of all Red Cat's Teal drones using Palladyne AI's Pilot software. Leveraging its years of innovative development work for U.S. Government customers, Palladyne AI is developing an artificial intelligence platform for unmanned systems to enable persistent detection, tracking, and classification of objects of interest by synthesizing multi-modal sensor fusion data in real-time. The AI product for mobile systems, known as "Palladyne Pilot", will facilitate shared situational awareness across multiple drones and autonomous navigation when integrated with drone autopilot systems. Palladyne Pilot is expected to be made available for all Teal drones, including those already in the field. AgEagle Aerial Systems Inc. (NYSE American: UAVS), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government use, recently announced the Company was selected for and participated in a collaborative test flight event sponsored by the Defense Innovation Unit (DIU). The three-day event, in partnership with the Office of the Under Secretary of Defense for Acquisition & Sustainment (OUSD-A&S), Air Force Research Lab (AFRL), Auterion GS, AX Enterprize, Skydio, and Somewear Labs, was held at the 300-acre FAA-designated NY UAS Test Site. The purpose was to evaluate the integration of select Blue Unmanned Aerial System (UAS) platforms with the Collaborative Low-Altitude UAS Integration Effort (CLUE) Uncrewed Traffic Management (U™) system. This system, developed by AFRL, provides a way to enable the safe, secure, and efficient operations of UAS within the national airspace system. 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ZenaTech's (Nasdaq: ZENA) Nasdaq Listing

On , (Nasdaq: ZENA) made its debut on the Nasdaq, a pivotal milestone for the company specializing in AI-driven drone solutions and enterprise SaaS (software-as-a-service) applications. As businesses increasingly seek innovative ways to streamline operations and boost productivity, stands ready to meet these demands with its advanced AI drone solutions and comprehensive software applications. Under the leadership of CEO Dr. , aims to leverage its innovative capabilities to address mission-critical business needs across sectors like law enforcement, agriculture, defense, and logistics. With over 100 enterprise software clients currently using its solutions, is poised to expand its investor base and accelerate future growth. "We are pleased has reached the status of a publicly listed company on Nasdaq," said CEO Dr. . "This achievement will help expand our universe of potential investors and will enable our growth plans for drone solutions, incorporating software and hardware innovations for inspection, monitoring, compliance, field service, and other applications to meet current customer demand." ZenaDrone 1000: Advanced Drone Technology for At the forefront of innovations is the ZenaDrone 1000, an advanced unmanned aerial vehicle (UAV) designed to meet the needs of industries ranging from agriculture to defense. This UAV combines cutting-edge machine learning software with custom hardware to deliver high precision, efficiency, and versatility. Its octocopter configuration allows for superior lift, stability, and maneuverability, while its long-lasting battery and automatic charging capabilities ensure extended flight time for continuous operations. The ZenaDrone 1000 excels in applications such as aerial surveillance, inspection, and monitoring. With a 4K stabilized camera, smart multispectral sensors, and intelligent flight modes, it's designed for precision in data capture and analysis. Whether monitoring crops for insurance assessments or scanning power lines for maintenance, the ZenaDrone 1000 provides a reliable, cost-effective solution for companies seeking to optimize their operations. further enhances its drone offerings with a flexible Drone as a Service (DaaS) model. This service allows businesses to purchase, rent, or subscribe to the ZenaDrone 1000 for scanning and surveillance purposes. Clients can share the costs of drone services with nearby entities, making advanced drone technology more accessible. provides expert support, including trained pilots and engineers, to ensure smooth deployment and operation of the drones. With its focus on customization, tailors the ZenaDrone 1000's features-such as VTOL flight modes, carbon fiber construction, and automatic charging systems-to the specific needs of industries like construction, environmental monitoring, military surveillance, and agriculture. The drone's robust design and range of features make it a key tool in improving operational efficiency, safety, and data collection across sectors. A Suite of Innovative Solutions offerings are designed to enhance operational efficiency and reduce costs for clients across various industries. Here are some of the standout products reflecting commitment to innovation and customer satisfaction: WorkAware: Streamlining Safety Management WorkAware is a comprehensive safety management platform tailored for organizations across multiple sectors. Its user-friendly interface simplifies compliance management and enhances operational workflows. Key features like journey management and location tracking empower organizations to effectively supervise remote workers,, while asset management capabilities streamline maintenance schedules. By digitizing workflows, WorkAware increases profitability and mitigates liability for businesses in high-risk environments. PsPortals: Empowering Public Safety PsPortals offers essential tools for law enforcement and criminal justice professionals, designed with input from industry experts. Its compliance with NCIC and Nlets standards ensures rapid information exchange, vital for agencies relying on real-time data access. The platform's features, including the Portal XL, provide a zero-footprint solution that simplifies operations while enhancing security. SystemView: Automated Facility Management Initially focusing on utility industries, SystemView excels in automated facility management. Its SCADA (Supervisory Control and Data Acquisition) software provides real-time monitoring and control for various applications, ensuring operational efficiency and minimizing errors. Utilizing advanced HMI (Human-Machine Interface) software, SystemView enables remote management of complex machinery, showcasing commitment to optimizing operations across diverse sectors. TillerStack: Optimizing Field Service Management TillerStack addresses the complexities of managing field service teams. With tools for dispatching, route optimization, and performance monitoring, this software empowers businesses to enhance service quality while reducing operational costs. TillerStack improves communication and real-time monitoring, significantly boosting customer satisfaction and operational efficiency. Pace+: Revolutionizing Healthcare Management In the healthcare sector, Pace+ platform offers a cloud-based electronic health record (EHR) and practice management solution. Designed for behavioral and mental health facilities, Pace+ streamlines documentation, scheduling, and reporting processes, transforming the healthcare experience with its modern, flexible platform. ZigVoice: Enhancing Contact Center Efficiency ZigVoice specializes in providing innovative solutions for contact centers, enabling businesses to achieve maximum efficiency. Its MCCS (Multi-Channel Contact Solution) platform integrates various telecommunication systems to provide unified reporting and analytics, equipping organizations to enhance customer service and streamline operations. The rising demand for AI-driven solutions in sectors like agriculture, logistics, and public safety presents a significant opportunity for to expand its footprint. As industries increasingly turn to technology for operational optimization and cost reduction, diverse software offerings are essential in meeting these evolving demands. (Nasdaq: ZENA) is positioned as an emerging player in the technology sector, offering a range of enterprise software solutions tailored to diverse industries. With its recent listing on the Nasdaq, the company aims to leverage its capabilities in AI, drone technology and SaaS solutions for future growth. As businesses increasingly look to technology for operational improvements, innovative products could serve as valuable tools in addressing current challenges across various sectors. Disclaimers: "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. 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