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Drones: The Game-Changer in Global Market Dynamics

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“Drone technology refers to flying machines that operate without a pilot on board. They can take pictures, deliver packages, monitor crops, and perform various tasks. Drones are useful for saving time and reaching difficult places, but there are rules to ensure they are used safely.”

BOSTON, Nov. 1, 2024 /PRNewswire/ — “According to the latest study from BCC Research, Drone Technology and Global Markets was valued at $30.4 billion in 2023. The market is projected to grow from $33.9 billion in 2024 to $61.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.6% from 2024 through 2029.”

This report looks at drone technology, covering the three types of drones: fixed-wing, rotary-blade, and hybrid models. It categorizes drones into unmanned aerial vehicles (UAVs), unmanned underwater vehicles (UUVs), unmanned ground vehicles (UGVs) and unmanned surface vehicles (USVs).

It also explores how drones are used in defense, business, government, and personal settings. The report analyzes the market by region, including North America, Europe, Asia-Pacific, Latin America and the Middle East.

Additionally, it examines the drivers of the drone market, focusing on current trends. Finally, the report profiles leading companies in the drone industry. The study uses 2023 as the base year for data and includes forecasts for 2024 to 2029.

Interesting and surprising facts:

Three Ways Drones Are Changing the World

Drone Racing: The New Thrill Sport
Drone racing is becoming increasingly popular. Pilots wear special goggles to fly drones at speeds over 100 mph through obstacle courses, usually indoors. This thrilling sport has gained global attention, with professional leagues and players vying for big cash prizes.Uncovering Ancient Secrets with Drones
Archaeologists are using drones to find and explore ancient sites. Equipped with special sensors, drones can detect hidden structures beneath vegetation or soil. This technology has led to discoveries of unknown historical sites and revolutionized archaeological surveys.Drone Teams: Working Together
Technology inspired by nature enables drones to work together, like birds or insects, to complete tasks. These “drone swarms” can help with search-and-rescue missions, and can also monitor the environment. This innovative technology is changing the way drones are used.

To further explore the subject matter and to attain a deeper understanding of the market’s dynamics and growth opportunities, click here.

Factors contributing to the growth of the drone market include:

Technological advances in drone technology.: Technological advances are making drones faster, smarter and more capable. These improvements include better cameras for clearer images, advanced sensors for detecting obstacles, longer battery life for extended flying time, and software that allows drones to fly autonomously or follow specific paths. These advancements extend the ways in which drones can be used in delivery, agriculture and surveillance.Increasing cost efficiency.: Using drones can reduce the amount of labor and time needed for tasks like surveying land or delivering packages. This helps businesses spend less while improving their services.Proliferation of 5G technology and cloud computing.: Faster internet (5G) and online storage and services (cloud computing) are becoming widely available. This allows enables drones, to connect and share data quickly and easily. It improves communication, enhances real-time processing, and enables more advanced applications for technology in everyday life.Enhanced public perception and awareness.: More people are becoming informed about drones and their uses. As people learn about the benefits of drones including delivering packages, monitoring crops, and helping in emergencies—they are more likely to view them positively and accept their use in everyday life.Strategic investments and partnerships.: Companies are increasingly working together and investing money to achieve shared goals. For example, a tech company might partner with a drone manufacturer to develop new technology. These collaborations help businesses grow, innovate, and access new markets more effectively.

 

Request a Sample Copy of the Drone Technology and Global Markets

Report Synopsis

Report Metrics

Details

Base year considered

2023

Forecast period

2024-2029

Base year market size

$30.4 Billion

Market size forecast

$61.2 Billion

Growth rate

CAGR of 12.6% from 2024 to 2029

Segments covered

By offering, product segment, Drone Type, Application,
and Region

Regions covered

North America, Europe, Asia-Pacific, and Rest of the
World, which consists of the Middle East and Africa, and
Latin America

Countries covered

U.S., Canada, Germany, France, Italy, U.K., China, Taiwan,
South Korea, and India

Key market drivers

•  Technological advances in drone technology

•  Increasing cost efficiency

•  Proliferation of 5G technology and cloud computing

•  Enhanced public perception and awareness

•  Strategic investments and partnerships

 

This report answers the following questions:

What is the projected market size and growth rate of the market?
The market is projected to reach $61.2 billion by 2029, growing at a CAGR of 12.6%.What segments are covered in the market?
The drone market is segmented by:
Offering.
Product.
Type of drone.
Application.
Region.Which type of drone will dominate the market by the end of 2029?
Unmanned aerial vehicles (UAVs) are expected to dominate the market by the end of 2029.

Some of the Key Market Players Are:

AEROVIRONMENT INC.AIRBUSBOEINGDELAIRDJIDRAGANFLY INNOVATIONS INC.DRONE DESTINATION LTD.DRONE HARMONY AGDRONEVOLTEHANGFREEFLY SYSTEMSHUBSANIDEAFORGE TECHNOLOGY LTD.INSITUINSIDEFPV VENTURES PVT. LTD.KESPRYMMCPARROT DRONE SASPOWERVISION INC.SKYDIO INC.YUNEEC

Other related reports

Robotics: Technologies and Global Markets: This study of robotic systems explores how they are used around the world in manufacturing, healthcare and entertainment. The market looks at trends, demand, and how much money is being spent on robots, highlighting their growing importance in everyday life.

Delivery Drones: Global Markets and Technologies: This report focuses on drones designed for delivering packages. It examines how these drones work, the technology behind them, and their increasing use in many countries. The market analysis shows how much people and businesses are investing in delivery drones and explores their potential to change how we receive goods in the future.

Directly Purchase a copy of the report from BCC Research.

For further information on the subject matter or to purchase the report, please contact info@bccresearch.com.

About BCC Research
BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities and help readers make informed business decisions, free of noise and hype.

Contact Us
Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA

Email: info@bccresearch.com,

Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.
Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Celebrate 40 Years of the UAE and China’s Diplomatic Relations at the Upcoming ‘Building bridges for the future UAE & China’ Event in Abu Dhabi

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Taking place on Abu Dhabi’s Corniche from November 1st to 3rd, ‘Building bridges for the future UAE & China‘ will host a series of interactive workshops, live performances, cultural displays, and culinary experiences

ABU DHABI, UAE, Nov. 2, 2024 /PRNewswire/ — The distinguished “Building Bridges for the Future: UAE-China” event, reflecting the spirit of unity and collaboration between the UAE and China, will be held in cooperation with the Department of Culture and Tourism – Abu Dhabi. Taking place over three days, from November 1 to 3, on Abu Dhabi’s picturesque Corniche, this landmark event commemorates 40 years of enduring partnership between the United Arab Emirates and the People’s Republic of China.

The event’s theme, “Reflecting on The Past, Present, and Future,” pays tribute to the deep-rooted ties, milestones, and collaborative spirit that have defined the UAE-China relationship since 1984. The UAE currently maintains two diplomatic representative offices in China, in Beijing and Shanghai, and this strong bond has continued to develop over the past number of years, with Sheikh Mohammed Bin Zayed visiting China in June of this year.

What to Expect

Visitors to the Corniche will instantly be immersed in a rich tapestry of Emirati and Chinese culture, with interactive workshops that invite attendees to explore traditional crafts from both nations. Through hands-on activities like calligraphy, fan painting, and basket weaving, guests can experience the artistry that has been passed down through generations, celebrating the shared values of craftsmanship and heritage.

Visitors can enjoy the soulful notes of traditional Emirati Oud music and the dynamic moves of the Tai Chi, and Kung Fu, with each display honouring the distinct cultural essence of its origin.

Artisan stalls situated along the Corniche will display handcrafted goods from Emirati and Chinese artists, providing an intimate view into each nation’s cultural richness. Adding to the vibrant atmosphere, a roaming Dragon Dance and Al-Ayyala performers will weave through the crowds, filling Abu Dhabi’s Corniche with the colours, sounds, and spirit of celebration, embodying the unity at the heart of the UAE-China partnership.

Join the Celebration

When: November 1st to 3rd
Timings: from 4:00 PM to 11:00 PM for all days
Where: Abu Dhabi’s Corniche
Buy tickets online here: https://abu-dhabi.platinumlist.net/event-tickets/95487/building-bridges-for-the-future

View original content:https://www.prnewswire.com/apac/news-releases/celebrate-40-years-of-the-uae-and-chinas-diplomatic-relations-at-the-upcoming-building-bridges-for-the-future-uae–china-event-in-abu-dhabi-302294556.html

SOURCE Department of Culture and Tourism – Abu Dhabi

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URGENT CALL TO BIDEN ADMINISTRATION TO FUND ALTERNATIVES TO BURN PITS

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Billions going to help VETS with medical conditions caused by toxic exposure, but not enough being done to prevent the current and next generation from falling to same

BATAVIA, N.Y., Nov. 1, 2024 /PRNewswire/ — Eco Waste Solutions™  (EWS), a leader in deployable waste management technology, calls on the Biden administration to ensure military service members never again face the health risks associated with toxic burn pits. Eco Waste Solutions has developed the Expeditionary Solid Waste Disposal System (ESWDS) specifically for military use, offering a proven alternative to open burn pits.

Though the Army has invested heavily in ESWDS testing and has contracted EWS to supply units for safe waste disposal in combat zones, funding limitations jeopardize the future production of this critical equipment. Since 2021, only ten of the planned 236 units have been procured, with the production line set to close by June 2025 without further investment.

“A modest $9 million increase in the Army’s budget could ensure ongoing ESWDS availability and prevent a return to harmful burn pits in future conflicts and act as a bridge until the defense department can budget for the program,” says Jean Lucas, President and CEO of Eco Waste Solutions. “The effects of burn pits are well-documented and devastating, and we have a ready, deployable solution. This investment would safeguard troop health and sustain a skilled workforce in Batavia, New York.”

With bipartisan support, including the PACT Act’s acknowledgment of burn pit health impacts, Eco Waste Solutions is committed to ending the use of open burn pits in the military once and for all. By fully funding the ESWDS, the administration can honor this commitment and ensure long-term health protection for our troops.

For more information, visit ecosolutions.com.

About Eco Waste Solutions:
Since 1993, Eco Waste Solutions™ has been delivering thermal waste conversion solutions to companies, communities, governments and military organizations around the world. From world-leading products, to specialized engineering and technical services, we help thermal waste conversion projects thrive. Our environmental technologies have diverted millions of tons of garbage from landfills, while recovering valuable materials, and generating over half a million megawatts of energy, while protecting the public from infectious disease, and other hazards. The company has operations in Burlington, Ontario and Batavia, New York.
www.ecosolutions.com 

View original content:https://www.prnewswire.com/news-releases/urgent-call-to-biden-administration-to-fund-alternatives-to-burn-pits-302294572.html

SOURCE Eco Waste Solutions

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LITE ACCESS AMENDS CONVERTIBLE DEBENTURE MATURITY DATE AND EXTENDS EXCLUSIVITY WITH IRONMAN DIRECTIONAL DRILLING

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VANCOUVER, BC, Nov. 1, 2024 /CNW/ – LITE ACCESS TECHNOLOGIES INC. (“Lite Access”) (TSXV: LTE) (OTC: LTCCF), a world leader in the fibre optic products and advanced installation methodologies, announces it will extend the maturity date of previously issued convertible debentures in the principal amount of $500,000 (the “Debentures”) from November 22, 2024 to November 22, 2026 (the “New Maturity Date”).  The New Maturity Date has been approved by all of the holders of the Debentures.

The principal amount of the Debentures will continue to bear interest at a rate of 12% per annum and be convertible at a conversion price of $0.10 per share (see news release dated November 22, 2022).  Other than the New Maturity Date, no other terms of the Debentures were amended.

The New Maturity Date is subject to acceptance of the Exchange.

Update on Ironman Transaction

The Company also announces that the Company and Ironman have agreed to further extend the exclusivity period until December 31, 2024, in relation to its proposed acquisition of Ironman and its wholly-owned subsidiary, Ironman Direction Drilling Ltd., an experienced provider of directional drilling (the “Transaction”), which was previously announced in the news release dated May 5, 2023.  Ironman is currently finalizing the audit of its financial statements and the parties intend to enter into the definitive agreement in November 2024.

The completion of the Transaction is subject to a number of key conditions including entry into a definitive agreement between Lite Access and Ironman, completion of due diligence of the parties, shareholder approval, TSX Venture Exchange (the “Exchange”) final approval and other conditions customary for this type of Transaction. The Company will issue a subsequent news release upon entry into a definitive share purchase agreement with Ironman.

About Lite Access

Lite Access Technologies Inc. is a world leader in the use of innovative and proven micro/narrow trenching technologies, alternate methods of deployment and specialist products which transform the cost the network deployment for telecommunications operators.

As part of its suite of services Lite Access provides clients with integrated solutions or select components for the design and implementation of fibre optic networks.  Lite Access’ products have been deployed in many high-profile communication networks including Olympic facilities, military and government, numerous communities throughout the United Kingdom, the USA and Canada as well as global telecommunications companies that have adopted Lite Access as the “solution of choice” for the least invasive, most cost effective and future-proof fibre optic connectivity available.

Lite Access’ installation technology and proprietary products extend a network provider’s ability to deliver true broadband connectivity directly to end-users, such as homes, businesses, government and educational institutions, and emergency response facilities. Lite Access remains flexible and innovative in its commitment to provide global clients and partners with the most cost effective and proven fibre connectivity solutions available.

Forward Looking Information

This news release contains statements that, to the extent they are not recitations of historical fact, may constitute “forward-looking statements” within the meaning of applicable Canadian securities laws. Lite Access uses words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “believe”, “intend” and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Lite Access in light of its experience and its perception of historical trends, current conditions and expected future developments. However, whether actual results and developments will conform to Lite Access’ expectations and predictions is subject to any number of risks, assumptions and uncertainties.  Many factors could cause Lite Access’ actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. Such factors include, among other things: risks and uncertainties described in Lite Access’s most recent Management Discussion & Analysis (MD&A) for the financial year ended September 30, 2023 which can be accessed at www.sedarplus.com. The “forward-looking statements” contained herein speak only as of the date of this press release and, unless required by applicable law, Lite Access undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Lite Access Technologies Inc.

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