This Smallcap Drone Company Partners with American Blast Systems to Expand into U.S. and European Markets - Complete Details Inside

Rakesh Deshmukh
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.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

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.

 

Rate this article:
3.7

DSIJ MINDSHARE

Mkt Commentary23-Dec, 2024

Swing Trading22-Dec, 2024

IPO Analysis20-Dec, 2024

Mindshare20-Dec, 2024

IPO Analysis20-Dec, 2024

Knowledge

MF15-Nov, 2024

General15-Nov, 2024

MF14-Nov, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR