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CapitalGainsReport: The Commercial Drone Sector is About to Take Off ($EPAZ, $DPRO, $JOBY, $KTOS)
The commercial drone sector is a rapidly growing industry with a wide range of applications, including aerial photography, mapping, surveying, inspection, and delivery services. According to Strategic Market Research, the worldwide commercial drone market size is expected to hit around USD 47.38 billion by 2030 and witness strong growth at a CAGR of 28.58% through 2030.
For investors looking to capitalize on this growth, there are several potentially promising companies in the commercial drone sector. These companies offer a range of drone products and services, including drone hardware, software, and services, and have the potential to benefit from the increasing adoption of drones in various industries.
For this sector spotlight, let's take a closer look at four companies in the commercial drone sector that could be worth watching for potential investment opportunities.
Epazz Inc. (OTC Pink: EPAZ) is a leading provider of drone technology, blockchain mobile apps, and cloud-based business software solutions. Recently, the company announced some exciting developments regarding their spinoff company, ZenaDrone Inc.
The company has been dedicated to improving intelligent unmanned aerial vehicle technology by incorporating machine learning software and AI. Their goal is to revolutionize the hemp farming sector and evolve into a smart, multifunctional industrial surveillance, inspection, and monitoring solution.
In a recent development, Ossian Smyth, Minister of State at the Department of Public Expenditure and Reform of Ireland, National Development Plan Delivery and Reform, and the Department of Environment, Climate, and Communications, visited ZenaDrone's offices in Dublin, Ireland, last week. This visit comes as the company is negotiating with a financing institution for a deal to purchase up to 100 ZenaDrone 1000s for drone as a service operations in Ireland.
The financing terms are non-dilutive and would include a purchase order for up to 100 drones. These drones will be used in Ireland to establish the "drones as a service" operation, with ZenaDrone managing and servicing these drones for Irish farmers, businesses, and government agencies.
During his visit, Minister Smyth had the opportunity to see a ZenaDrone 1000 and meet the Irish team to discuss how ZenaDrone can greatly affect the lives of Irish farmers, businesses, and government agencies. If the financing deal goes through, Irish farmers will have access to advanced precision agriculture drones for monitoring plant health and spraying weeds.
The ZenaDrone 1000 is a green solution that will disrupt the agriculture industry by reducing labor and greenhouse gases. The high-quality camera allows users to take stunning aerial photographs and videos that capture the world's beauty from new heights. It also has autonomous flight capabilities that prevent it from crashing, even in challenging weather conditions or amid sudden obstacles. The drone's multiple-sensor system can measure height, depth, and vegetation and establish GPS location to track people, objects, and animals in the frame of its camera for unprecedented accuracy and control.
Shaun Passley, Ph.D., CEO and director of Epazz Inc. and ZenaDrone Inc., said, "The ZenaDrone 1000 has the potential to greatly improve the lives of Irish farmers, businesses, and government agencies." "We are excited about the opportunity to work with Minister Smyth and bring our innovative technology to Ireland."
This recent development is a significant step for ZenaDrone and Epazz Inc. It showcases the potential of their cutting-edge technology in the agriculture industry and highlights their commitment to innovation and sustainability. With their focus on customized cloud applications and metaverse solutions, Epazz Inc. is positioning itself as a leader in the tech industry, making it a promising investment opportunity for those looking to invest in innovative and sustainable technology.
