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What's up in the drone industry?
Despite AI being the buzzword of the moment, the drone industry is not sleeping too. Investors continue to support drone startups, especially the specialized ventures. VC investments in drone companies reached $7 billion in 2022 across 199 deals, up from $2.4 billion in 2021.
Global Market Insights predicts that aerial imaging market will reach $25 billion by 2032.
An increasing demand from various industries fuels the growth:
- a rise in floods, tropical cyclones, storm surges and wildfires amplifies the significance and demand for advanced aerial imaging solutions to assess the damages caused by such events
- Aerial inspection is a fundamental need in the renewable energy, e.g. snapping photos of wind turbines in the ocean. Or thermal readings of large-scale solar plants
- inspecting infrastructure such as buildings and cell phone towers
- serving insurance, roofing and property management companies to assess infrastructure objects
- and so on.
The increasing demand for drones creates opportunities in the job market too. Recent study shows a surge in job postings for drone pilots and operators with an expected growth rate of over 20% in the next decade.
So whether you are an entrepreneur, investor or building your tech career, the drone industry may be worth your attention.
For more details you can read TechCrunch report here.
#drone #trends #markets
BY Tech for Good
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