This Smallcap Drone Company Partners with American Blast Systems to Expand into U.S. and European Markets - Complete Details Inside
FIIs increase their stake in March 2024 from 1.31 per cent to 2.02 per cent.
DroneAcharya Aerial Innovations Ltd, India’s first listed drone company, has signed a Memorandum of Understanding (MoU) with American Blast Systems (ABS) Inc., a leading provider of law enforcement and military safety products in the U.S. This strategic partnership aims to penetrate the rapidly growing drone markets in the U.S. and Europe, offering innovative drone solutions across enterprise, industrial, and defence sectors.
Key highlights of the partnership include:
Co-Production and Branding: DroneAcharya's 'Make in India' drones will be co-produced and branded locally in the U.S., facilitating access to North and South American and European markets.
Focus on Advanced Solutions: The partnership will concentrate on developing defence-grade drone solutions and Anti-Drone technology for law enforcement, military, agriculture, logistics, and retail sectors.
Leveraging Expertise: DroneAcharya will benefit from ABS’s expertise in defence and security, enhancing its ability to cross-sell innovative solutions in these regions.
Recent market studies highlight the lucrative potential of these markets. The U.S. commercial drone market was valued at USD 6.39 billion in 2024, with projections reaching USD 14.11 billion by 2033, reflecting a robust CAGR of 9.2 per cent. Additionally, the Public Safety Drone Market, valued at USD 1.1 billion in 2023, is expected to grow to USD 2.0 billion by 2028, exhibiting a CAGR of 13.0 per cent.
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This collaboration presents DroneAcharya with significant opportunities to expand its revenue streams by tapping into the lucrative U.S. and European markets. With projected exponential growth in demand, the company is well-positioned to capture a substantial market share, potentially driving strong revenue growth and new business opportunities.
As the drone industry continues to evolve, this partnership positions DroneAcharya at the forefront of innovation, aligning with global trends and meeting the increasing demand for advanced drone solutions.
At the start of Friday’s trading session, DroneAcharya opened at Rs 141.50 per share, compared to the previous day's closing of Rs 138.95 per share on the BSE. Finally, shares closed the day at Rs 138.25 per share on the BSE. The current market capitalization of DroneAcharya stands at Rs 331.64 crore, and the stock has generated a negative return in the past 1 year.
FIIs increase their stake in this Small-Cap drone company in March 2024 from 1.31 per cent to 2.02 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.