FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., Oct. 4, 2023 /PRNewswire/ -- If it seems that drones are being used in more public, private and military uses… its because they are! Disaster risk and assessment markets are growing rapidly across the globe. Safety drones present a significant market opportunity in search and rescue operations. These drones can be deployed quickly to locate missing persons in various terrains, including remote wilderness areas and disaster-stricken regions. The ability of safety drones to cover large areas rapidly and provide real-time video feeds enhances the chances of locating and rescuing individuals in distress. With the increasing demand for efficient search and rescue capabilities, safety drones offer a valuable solution to save lives and mitigate risks. According to a report from Coherent Market Insights the Global Safety and Security Drones Market was valued at US$ 1,570 Mn in 2022 and is forecast to reach a value of US$ 5,886.4 Mn by 2030, exhibiting CAGR of 18.1% between 2023 and 2030. The report said: "Safety and security drones are unmanned aerial vehicles (UAVs) or unmanned aircraft systems (UAS) that are designed and utilized for applications focused on enhancing safety measures and protecting assets and individuals. These drones are equipped with advanced sensors, cameras, and technology to support tasks related to public safety, emergency response, surveillance, and threat detection. The primary objective of safety and security drones is to provide situational awareness, aid in critical decision-making, and proactively address potential risks and security threats in various settings, including disaster management, infrastructure inspection, law enforcement, and industrial security. The safety and security drones market encompasses the manufacturing, distribution, and deployment of these specialized UAVs, catering to the needs of government agencies, private enterprises, and organizations seeking efficient and innovative solutions to bolster safety and security measures." Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), NVIDIA (NASDAQ: NVDA), Palantir Technologies Inc. (NYSE: PLTR), KLA Corporation (NASDAQ: KLAC), Booz Allen Hamilton(NYSE: BAH).
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