Demand for drone services to increase
Summary
The basket of tasks that can be performed with the help of drones is rapidly increasing and with every passing year, the industry is witnessing a set of market trends, defining the shape of the overall drone industry. • The global drone service market is expected to witness a double-digit growth of CAGR 15.3%, over the next 10 years. In terms of the number of deals, the south Asian market is witnessing the fastest growth among all other regions. In the last couple of years, the drone service industry witnessed some mergers and acquisitions; • In July 2022, American Robotics, owned by Ondas holding, announced that it is planning to acquire Airobotics, an autonomous drone solution provider. • In May 2022, Adani Enterprises, one of the largest conglomerates in India completed the acquisition of 50% of General Aeronautics for an undisclosed amount.