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3D-Printed Drones Market worth $1,891 million by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Aug. 9, 2024 /PRNewswire/ — The 3D-printed drones market is projected to grow from USD 707 million in 2024 to USD 1,891 million by 2029, at a CAGR of 21.8% from 2024 to 2029 according to a new report by MarketsandMarkets™. The market growth can be attributed to the growing utilization of 3D printing technology for rapid prototyping and improved customization.

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Browse in-depth TOC on “3D-Printed Drones Market” 

192 – Tables
77 – Figures
227 – Pages

3D-Printed Drones Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 707 million

Estimated Value by 2029

$ 1,891 million

Growth Rate

Poised to grow at a CAGR of 21.8%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Component, Type, Platform, Application, Manufacturing Technique and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Product quality compliance

Key Market Opportunities

High investments in commercial drone industry

Key Market Drivers

Enhanced customization and rapid prototyping capabilities of 3D printing

Significant advances in additive manufacturing, with rapid prototyping, inexpensive production, and fabrication of complex lightweight structures, are driving the market for 3D printed drones. The ability to produce custom components on demand also reduces inventory costs and fast design – Facilitates iteration. This flexibility is particularly useful for the military because some operations require more specialized drones. However, operational complexity is further increased by the need for skilled workers and designers coupled with the high initial cost of 3D printers and sophisticated components and mechanical capacity limitations for 3D printed parts to prevent them. Despite these limitations, innovative applications such as customized delivery systems and environmental monitoring provide attractive improvements. Advances in 3D printing materials and techniques have expanded the possibilities of 3D printed drones. The key players in the 3D-printed drones’ market are Boeing (US), AeroVironment, Inc. (U.S.), Parrot Drone SAS (France), General Atomics (U.S.), and Skidoo, Inc. (U.S.)

Based on component, frames & arms segment dominate the market in the base year.

In terms of component, the 3D-printed drones market is divided into frames & arms, propellers, landing gears, wing structures, mounts & holders, enclosures, and other parts. An increasing demand for lightweight and durable structures is anticipated to drive the demand of frames & arms segment.

Advanced composites with equivalent strength and weight, such as polymers reinforced with carbon fiber, are now viable due to advancements in 3D printing technology. This is particularly critical for drone weaponry and frames, as the use of lighter materials enhances battery life, flight efficiency, and payload capacity. Furthermore, 3D printing offers significant advantages in customization and design flexibility, which are often restricted by the high tooling costs and design complexities of traditional manufacturing methods. The capability to swiftly fabricate intricate geometries without the need for costly molds or extensive assembly lines allows manufacturers to develop bespoke frames and components tailored to specific applications. This rapid prototyping facilitates quick testing of new designs and the rapid development of innovative ideas, enabling companies to promptly respond to market demands and maintain a competitive edge in the fast-evolving drone market.

Based on type, the fixed-wing drones is estimated to register a large share in the base year.

The 3D-printed drones industry is categorized by type into fixed-wing drones, rotary-wing drones, and hybrid drones.

An advantage of 3D printing over conventional drone manufacturing technology to boost the development of fixed wing drones. Fixed-wing drones manufactured using additive manufacturing technology represent a significant improvement over conventional fixed-wing drones. This innovative approach enables rapid prototyping, cost-effectiveness and scalability, with consequences resulting in lighter, more powerful and more efficient drones. Key players such as AeroVironment, Inc. (US) and senseFly (Switzerland) are using 3D printing to produce fixed-side models that offer high performance for remote sensing, environmental monitoring and precision agricultural applications

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The Asia Pacific region is projected to be a high growth potential market for 3D-printed Drones during the forecast period.

The Asia Pacific market is projected to witness a significant CAGR from 2024 to 2029. The region is witnessing a rapid adoption of 3D printing technology for drone manufacturing, driven by technological advancements and strong government support. China leads the 3D-printed drones’ market, subject to the presence of leading commercial drones and associated drone part manufacturers. In India, initiatives such as Make in India promote domestic innovation in 3D-printed drones. Meanwhile, Japan integrates 3D printing with robotics and AI for industrial applications. Australia’s aerospace sector, supported by government initiatives, utilizes 3D printing for environmental monitoring. South Korea’s focus on Industry 4.0 sees firms exploring advanced materials and 3D printing for enhanced drone capabilities in surveillance and delivery services. Overall, the region’s dynamic market scenario for 3D-printed drones is characterized by robust growth driven by technological innovation, government support, and a strong focus on both defense and commercial applications.

The major players include in  3D-printed drones companies are Boeing (US), Parrot Drone SAS (France), General Atomics (US), and AeroVironment, Inc. (US), among others.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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DomaCom Appoints Giuseppe Porcelli as Chairman and Secures $2 Million Private Placement

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SYDNEY, Jan. 10, 2025 /PRNewswire/ — DomaCom Limited (ASX:DCL) is pleased to announce two significant developments that will strengthen its leadership and financial position as it advances its fund-first, technology-driven strategy.

Appointment of Giuseppe Porcelli as Non-Executive Chairman

DomaCom has appointed Giuseppe Porcelli as Non-Executive Chairman. Giuseppe is the Founder, Chairman, and CEO of Lakeba Group, a global technology leader renowned for AI-powered, scalable solutions. With extensive expertise in technology-driven investment strategies, his leadership will be instrumental in accelerating DomaCom’s growth, innovation, and investor value creation.

“Giuseppe’s appointment strengthens our leadership team at a pivotal time for DomaCom,” said Darren Younger, CEO of DomaCom. “His experience in driving technological innovation and scaling businesses will support our strategy to enhance investor value and expand our market presence.”

Successful Completion of $2 Million Private Placement

DomaCom has successfully secured a $2 million investment through a private placement from sophisticated investor Martin Groen. The placement involved issuing 142,857,143 fully paid ordinary shares at $0.014 per share, reflecting investor confidence in DomaCom’s strategy and growth potential.

“This investment demonstrates strong confidence in our vision to transform DomaCom into a leading fund-first, technology-driven business,” said Giuseppe Porcelli, Chairman of DomaCom. “The additional option to secure further funding underscores the long-term alignment between DomaCom and our investors. This capital will allow us to accelerate key initiatives, deliver value to our stakeholders, and position the business for sustained growth.”

These developments mark an important step forward in DomaCom’s transformation, reinforcing its commitment to technological innovation, financial growth, and enhanced investor value.

Contact person: Darren Younger, DomaCom CEO
Darren.younger@domacom.com.au 

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SOURCE DomaCom Limited

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GlocalMe Unveils New Brand Identity and Cutting-Edge Innovations at CES 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — GlocalMe, a global leader in mobile data connectivity under uCloudlink (NASDAQ: UCL), is proud to announce its participation in CES 2025, the world’s largest technology trade show. This year marks a significant milestone for GlocalMe as it unveils its newly refreshed brand identity and showcases an impressive lineup of innovative products that are set to redefine global connectivity.

With the theme “The Ideal Network of Life,” GlocalMe’s rebranding reflects its dedication to providing seamless, secure, and reliable internet connectivity that feels local, no matter where users are. Powered by its patented Cloud SIM and HyperConn™ technology, the brand emphasizes “Global Connectivity, Local Mindedness,” delivering a borderless yet personalized connection experience for modern digital lifestyles.

“Our new brand identity represents a transformative step in our journey to empower users with effortless and reliable global connectivity,” said Chaohui Chen, CEO of uCloudlink. “At CES 2025, we are thrilled to showcase how our innovative solutions bring the world closer together, delivering technology that feels personal and local, even in a globalized world.”

Spotlight on the GlocalMe Life Series

A major highlight of GlocalMe’s CES 2025 showcase is the GlocalMe Life Series, a collection of advanced products designed to provide secure and convenient connectivity for daily and travel use. With a focus on user convenience and peace of mind, the Life Series empowers users to stay connected effortlessly.

At CES 2025, GlocalMe will pre-launch three new additions to the Life Series:

GPet: The second generation of GlocalMe’s smart global pet tracker, featuring unique 6-tech positioning technologies to ensure the safety and location tracking of pets worldwide. New features, including ‘AI Wellness’ and ‘Pet Interaction,’ will enhance pet health monitoring and strengthen the bond between pets and their owners.UniCord S and UniCord P: Upgraded versions of the UniCord, designed specifically for drivers and remote workers. These devices offer advanced tracking features and provide secure and seamless connectivity during commutes or road trips. The UniCord P boasts upgraded mobile internet specifications, delivering a network experience comparable to a Wi-Fi hotspot.

These new products join the existing Life Series, which includes:

UniCord: The world’s first 3-in-1 multi-functional USB cable, which has been honored with the “CES Breakthrough Award 2025” by Android Authority for its innovative design and functionality.RoamPlug: The world’s only travel adapter with a built-in 4G mobile hotspot.KeyTracker: A global intelligent tracker featuring 6-tech positioning to secure and locate personal belongings with precision.

Introducing HyperConn™ Technology: Seamless Connectivity Redefined

GlocalMe will also debut its revolutionary HyperConn™ mobile Wi-Fi hotspot technology at CES 2025, redefining how users stay connected on the move. Leading this innovation is the MeowGo G40 Pro, a HyperConn™-enabled 4G multi-network mobile Wi-Fi hotspot. Designed for road trip families and remote workers, this device leverages AI-powered network switching to provide uninterrupted internet access by seamlessly connecting to multiple 4G carriers and Wi-Fi providers. This ensures reliable connectivity anywhere in the world, no matter where life takes users.

Experience GlocalMe at CES 2025

From January 7 to 10, 2025, GlocalMe will showcase its new brand identity and innovative product lineup at booth LVCC North Hall #8211. Attendees are invited to experience firsthand how GlocalMe is redefining global connectivity through its cutting-edge products and advanced technologies.

All pre-launched products from CES will be officially available by the end of the first quarter of 2025.

About GlocalMe

GlocalMe is a digital lifestyle brand under Nasdaq-listed technology company uCloudlink (NASDAQ: UCL). With its mission to enable people to ‘Connect and Share without Limitations’, uCloudlink is a leading mobile technology solutions provider that provides a marketplace for mobile data traffic sharing to billions of users in over 200 countries and regions. By using uCloudlink’s patented Cloud SIM technology, mobile users are no longer confined to the service of a single network operator but are opened to a world of connectivity whenever and wherever they are.

For more information, visit www.glocalme.com.

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Reap Receives In-Principle Approval for Major Payment Institution License from Monetary Authority of Singapore

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SINGAPORE, Jan. 9, 2025 /PRNewswire/ — Reap, a leading payment technology provider, is thrilled to announce today that it has received an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the Major Payment Institution (MPI) License for its Singapore entity, Reap Singapore.

Obtaining the IPA marks a significant milestone for Reap. Reap is committed to regulatory excellence while continuously enhancing its capabilities and presence in Singapore and the broader Asia Pacific region. While the IPA marks a critical step forward, Reap Singapore remains steadfast in meeting the required conditions for the MPI License. Reap is equally committed to dedicating the necessary resources to support and assist Reap Singapore in achieving this goal. Together, Reap and Reap Singapore will continue to refine its compliance standards and beyond, ensuring it delivers enhanced value and trusted solutions to Singapore and the broader APAC customers.

“At Reap, compliance has always been paramount, not only to safeguard our users but also as a fundamental pillar for growth. Receiving this IPA from the MAS, a globally renowned financial regulator, is incredibly motivating and will be a key driver of secure growth in the region. It fuels our enthusiasm to continue collaborating closely with regulatory bodies to shape a secure and efficient money movement across the region. Reap is also committed to building a strong payment service.” stated Kevin Kang, Co-Founder of Reap.

Singapore is integral to Reap’s mission of enhancing global money movement. Its high regulatory standards and commitment to foster sustainable innovation align seamlessly with Reap’s vision for the future of payment services. This alignment empowers Reap to drive secure and efficient financial flows while delivering exceptional value to its clients and partners.

About Reap

Reap group is a leading global payment technology provider that enables financial connectivity and access for businesses worldwide. By bridging disparate economies, merging technological divides, and connecting key financial players, we are transforming the financial landscape into a more interconnected and interoperable space for efficient money movement.

With corporate cards, payout solutions, and expense management tools, we streamline financial operations and empower businesses to scale. Our APIs enable businesses to embed finance into their own products and services, from issuing Visa cards to facilitating cross-border payments.

Founded in 2018 in Hong Kong, Reap has since expanded to a team of over 100 across the globe, including Singapore. Reap is supported by a strong network of investors, including Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures, and Payment Asia.

For media enquiries, please contact:

Christine Cheuk
Marketing & PR Manager, Reap
christine@reap.global

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SOURCE Reap

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