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Drone Flight Management System Market size is set to grow by USD 14.35 billion from 2024-2028, Increase in legal acceptance of drone operations for commercial applications boost the market, Technavio

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NEW YORK, Aug. 6, 2024 /PRNewswire/ — The global drone flight management system market size is estimated to grow by USD 14.35 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 28.77% during the forecast period. Increase in legal acceptance of drone operations for commercial applications is driving market growth, with a trend towards development of lithium-metal batteries. However, lower battery life and low capacity of drones poses a challenge. Key market players include AeroVironment Inc., Autel Robotics Co. Ltd., Black Swift Technologies LLC., DELAIR SAS, EHang Holdings Ltd., Elbit Systems Ltd., HENSOLDT AG, Intel Corp., Mobilicom Ltd., Northrop Grumman Corp., Parrot Drones SAS, Safran SA, SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Thales Group, The Boeing Co., UAV Navigation SL, UAVOS Inc., vHive, and Yuneec International Co. Ltd..

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Drone Flight Management System Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 28.77%

Market growth 2024-2028

USD 14359.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

21.93

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 28%

Key countries

China, US, Germany, France, and UK

Key companies profiled

AeroVironment Inc., Autel Robotics Co. Ltd., Black Swift Technologies LLC., DELAIR SAS, EHang Holdings Ltd., Elbit Systems Ltd., HENSOLDT AG, Intel Corp., Mobilicom Ltd., Northrop Grumman Corp., Parrot Drones SAS, Safran SA, SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Thales Group, The Boeing Co., UAV Navigation SL, UAVOS Inc., vHive, and Yuneec International Co. Ltd.

 

Market Driver

The drone industry is witnessing significant growth due to increasing applications in various sectors such as e-commerce, logistics, and construction. However, the use of lithium-ion and lithium polymer (LiPo) batteries, which are commonly used for powering drones, poses challenges in terms of limited flight times and safety concerns. These batteries have a low energy capacity and typically last only 30 minutes during drone operation. Additionally, they utilize flammable organic solvents, increasing the risk of fire and explosion due to short circuits, overcharging, and high temperatures. To address these challenges, innovative alternatives like lithium-metal batteries are gaining attention. Lithium-metal batteries offer several advantages, including a non-flammable electrolyte that eliminates the risk of fire and explosion. Furthermore, they have a higher energy density, enabling longer drone flight times, and are more compact in size, making them suitable for drone applications. Startups like Cuberg, Inc., based in the US, and SolidEnergy Systems are leading the way in manufacturing and developing lithium-metal batteries for commercial applications. Cuberg claims that lithium-metal batteries can enhance drone flight time by up to 70% compared to lithium-ion batteries. SolidEnergy Systems has developed a lithium-metal battery with an energy density twice that of lithium-ion batteries. The adoption of drones by various industries is expected to drive the expansion of the global drone flight management system market during the forecast period. Companies investing in advanced battery technology will gain a competitive edge in the market. 

The Drone Flight Management System market is experiencing significant growth, with tech firms like Berkshire developing advanced solutions. Flight control algorithms, GPS, and waypoint navigation are key features driving demand. Applications in search and rescue and disaster management are on the rise. Battery management systems ensure optimal performance and safety. Flight management systems enable pilots to manage aircraft systems, navigation, and surveillance. SAP is integrating these systems into glass cockpits for crewmembers. Programmers are focusing on cybersecurity, addressing concerns over potential cyber attacks through secure data storage and control display units. Flight management computers and multi-function displays are being integrated as line fit or retrofit options for various aircraft types, from narrow-body to wide-body aircraft. Sensors and sensors fusion are also integral components. However, open wifi and data storage remain challenges to be addressed. 

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Market Challenges

Drone batteries, primarily lithium-ion and lithium polymer (LiPo), power most drones globally, but their limited capacity restricts flight distance to approximately 10 kilometers. Manufacturers are addressing this challenge by improving battery size and capacity, which increases drone weight. Alternative energy sources like solar power and hydrogen fuel cells are being explored to extend flight time, but cost-effective and compact implementation remains elusive. Commercial drones have limited load-carrying capacity, hindering their adoption for large parcel delivery by logistics companies. Enhancing battery life, reducing costs, and increasing payload capacity are the major hurdles for drone manufacturers, potentially limiting the market growth for drone flight management systems.The Drone Flight Management System market faces several challenges in various industries such as navigation for accurate positioning and obstacle avoidance, surveillance for security and monitoring applications, and glass cockpits for improved visibility. Programmers and sensors ensure smooth operation, but cybersecurity threats and open wifi vulnerabilities pose risks. Data storage and control display units are essential for efficient data management. Flight management computers and multi-function displays facilitate easier operation. Line fit and retrofit solutions cater to different aircraft types, including narrow-body and wide-body commercial jets, agriculture, construction, energy, public safety, and military aviation. Companies like Collins Aerospace lead the market, while drone types range from fixed-wing to rotary wing, with short, mid-range, and long-range capabilities and electric propulsion systems. New entrants like Supernal and the Gremlins demonstration system add to the market’s diversity.

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Segment Overview 

This drone flight management system market report extensively covers market segmentation by

Component 1.1 Ground controller1.2 Data link1.3 Onboard controllerGeography 2.1 APAC2.2 North America2.3 Europe2.4 Middle East and Africa2.5 South America

1.1 Ground controller- The Drone Flight Management System market is driven by the advancements in ground control systems. A ground controller is a crucial component for operating and commanding drones, featuring a joystick and a display for footage visualization. Ground controllers use radio frequency signals to receive inputs from operators and convert them into commands for the drone. Continuous research and development in the drone industry have led to software-based control systems, enabling drone operation via smartphones or laptops. The rising trend of drone autonomy, smartphone applications, and advanced sensors are transforming UAV control. Interoperable components are also being developed to enhance the functionality of ground controllers. However, for inexperienced pilots, ground controllers can be overwhelming, leading to market growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Drone Data Link System market is expanding as advancements in communication technologies enhance real-time data transmission for various applications. The Tethered Drones Market is also growing, driven by their ability to provide extended flight times and reliable connectivity for surveillance and monitoring. Meanwhile, the global EVTOL aircraft market is experiencing significant growth due to innovations in electric vertical takeoff and landing technology, promising revolutionized urban air mobility solutions. These markets reflect increasing investment and technological progress in the drone and aviation sectors.

Research Analysis

The Drone Flight Management System (DFMS) market is experiencing significant growth due to the increasing adoption of drones in various industries such as Agriculture, Construction, Energy, Public safety, Commercial aviation, and Military aviation. DFMS enables drones to fly autonomously, following pre-programmed flight paths and navigating using GPS and waypoint navigation. This technology is crucial for applications like search and rescue, disaster management, and surveillance. DFMS integrates with battery management systems to optimize power usage and ensures safe and efficient drone operations. Tech firms are developing advanced flight control algorithms to enhance the capabilities of fixed-wing drones, making them more akin to airplanes. Crewmembers and pilots benefit from DFMS as it reduces their workload, allowing them to focus on mission-critical tasks. SAP and other aircraft system manufacturers are integrating DFMS into their offerings, making it an essential component of modern aircraft technology.

Market Research Overview

The Drone Flight Management System (DFMS) market is experiencing significant growth due to the increasing demand for drone technology in various industries such as Agriculture, Construction, Energy, Public safety, Commercial aviation, and Military aviation. DFMS enables drones to fly autonomously and efficiently by integrating various technologies like Flight control algorithms, GPS, Waypoint navigation, and Search and rescue systems. The market caters to different drone types, including Fixed-wing drones and Rotary wing drones, with varying ranges such as Short range, Mid-range, and Long range. Electric propulsion systems are commonly used in drones for power. Tech firms are developing advanced DFMS features like Supernal’s autonomous flight system, Gremlins demonstration system, and Berkshire’s advanced battery management system. DFMS integrates with Aircraft systems, including Airplanes, Crewmembers, Pilots, and Glass cockpits, and offers Line fit and Retrofit options for various Aircraft types, including Narrow-body and Wide-body. However, concerns around Cyber attack vulnerabilities, Open wifi risks, Data storage, and Control display units remain challenges for the market. SAP, Navigation, Surveillance, and various sensors are also essential components of DFMS. Programmers continuously develop Flight management computers, Multi-function displays, and Flight management systems to enhance drone capabilities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentGround ControllerData LinkOnboard ControllerGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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FULTON FINANCIAL CORPORATION APPOINTS DAVID S. SCHULZ TO BOARD OF DIRECTORS

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LANCASTER, Pa., July 21, 2026 /PRNewswire/ — Fulton Financial Corporation (NASDAQ: FULT) (“Fulton”) today announced the appointment of David S. Schulz as a member of its board of directors (the “Board”) for a term commencing September 14, 2026 and expiring at Fulton’s 2027 annual meeting of shareholders.

“We’re excited to welcome Dave to Fulton’s board of directors,” said Curt Myers, Fulton Chairman, CEO, and President. “Dave brings extensive financial leadership experience gained through more than a decade of service with publicly traded companies. His expertise in finance, strategic planning, risk, and mergers and acquisitions will provide valuable perspective as we continue to execute our growth strategy and create long-term value for our shareholders, customers and communities.”

With the addition of Schulz, Fulton’s Board will have 11 members, and he will serve on the Audit and Risk committees. Schulz has also been appointed to the board of directors of Fulton’s banking subsidiary, Fulton Bank, N.A.

Schulz served as Senior Vice President and Chief Financial Officer of Wesco International, Inc. (“Wesco”) from 2016 to June 2020, Executive Vice President and Chief Financial Officer of Wesco from June 2020 to February 2026 and as Executive Vice President and Special Advisor to the CEO of Wesco from February 2026 until his retirement on May 31, 2026. 

Prior to joining Wesco, Schulz served as Senior Vice President and Chief Operating Officer of Armstrong Flooring, Inc. and was previously Senior Vice President and Chief Financial Officer of Armstrong World Industries, Inc. and Vice President of Finance of the Armstrong Building Products division.

Before joining Armstrong World Industries in 2011, he held various financial leadership roles with Procter & Gamble and The J.M. Smucker Company. He was also an officer in the United States Marine Corps.

In 2025, Schulz joined the board of Sterling Infrastructure, Inc., and he was appointed as chair of the audit committee in 2026. He also serves on the company’s compensation and talent development committee.

ABOUT FULTON FINANCIAL CORPORATION

Fulton, a $34 billion Lancaster, Pa.-based financial holding company, has more than 3,400 employees and operates more than 215 financial centers in Pennsylvania, New Jersey, Maryland, Delaware and Virginia through Fulton Bank, N.A. Additional information on Fulton can be found at https://investor.fultonbank.com.

Contact: Steve Trapnell
717-291-2739

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SOURCE Fulton Financial Corporation

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Octavio Marquez Elected to MSA Safety Board of Directors

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PITTSBURGH, July 21, 2026 /PRNewswire/ — The Board of Directors of MSA Safety Inc. (NYSE: MSA), a global leader in the development of advanced industrial safety technology products and solutions, today announced that Octavio Marquez, president and chief executive officer of Diebold Nixdorf, has been elected to the company’s Board of Directors. His election was part of the MSA Board’s regular succession plans.

“We are very pleased to have the opportunity to add Octavio to the MSA Board,” said Robert A. Bruggeworth, MSA chairman. “He brings a broad range of executive leadership experience, including strategy development, capital allocation, business transformation and serving international markets, which will serve MSA well.”

“Octavio’s perspectives will be an asset to me and our entire Executive Leadership Team,” said Steven C. Blanco, MSA president and CEO. “It is a pleasure to welcome Octavio to MSA, and I look forward to working with him.”

Mr. Marquez joined Diebold Nixdorf in 2014 and has held senior leadership roles across the company’s Global Banking organization and its Americas region, including as executive vice president of Global Banking and senior vice president of the Americas. Before joining Diebold Nixdorf, Mr. Marquez held leadership positions at Dell EMC, Hewlett Packard Enterprise, IBM and NCR.

Diebold Nixdorf automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, its integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of customers every day. Headquartered in North Canton, Ohio, Diebold Nixdorf employs approximately 20,000 employees globally, supporting more than 100 countries.

Mr. Marquez holds a degree in business and finance from Universidad Iberoamericana and has completed executive education programs at MIT Sloan, The Wharton School and The University of Texas at Austin.

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced industrial safety technology products and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2025 revenues of $1.9 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania, and employs a team of approximately 5,300 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

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SOURCE MSA Safety

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BlueFolder Field Service Software Launches New AI-Powered Features to Transform How Teams Work

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New AI capabilities instantly surface customer insights and transform technician notes into actionable summaries to help field service teams work faster, stay aligned, and deliver better service

AUBURN, Ala., July 21, 2026 /PRNewswire/ — BlueFolder field service software recently announced the launch of two powerful new AI features: AI-Powered Customer Summaries and AI-Powered Field Notes Summarization. Together, these capabilities are designed to eliminate the time-consuming, manual work of reviewing fragmented customer records and lengthy technician notes—giving field service teams instant clarity to respond faster, make smarter decisions, and deliver exceptional service.

BlueFolder expands it’s field service and work order management suite with two exciting new AI field service features.

Built directly into the BlueFolder platform, both features leverage artificial intelligence to automatically compile and summarize complex, unstructured data into clear, easy-to-read overviews. The result: technicians, dispatchers, and managers always have the context they need, right when they need it.

AI-Powered Customer Summaries

As field service organizations grow, customer information becomes increasingly scattered across emails, service request logs, and communication histories. BlueFolder’s AI Customer Summary feature addresses this challenge head-on by consolidating those interactions into a single, actionable snapshot.

Instead of manually digging through multiple records before a service call or customer interaction, teams can now access a real-time summary highlighting key concerns, past service activity, and recent updates. The feature goes beyond basic summarization and surfaces critical business insights such as equipment past due for maintenance, approaching warranty expirations, and proactive revenue opportunities, empowering teams to recommend follow-ups or upgrades directly from the customer record.

Built-in traceability links each summary back to its original source communications, so users can validate insights with confidence, ensuring both speed and accuracy in every customer interaction.

AI-Powered Field Notes Summarization

In many service organizations, technicians log updates across multiple visits, often resulting in long, fragmented notes that are difficult to review at a glance. BlueFolder’s AI Field Notes Summarization feature solves this by automatically condensing multiple technician entries into a structured summary that highlights key milestones, actions taken, and next steps.

Rather than scrolling through pages of updates, managers and dispatchers can immediately understand job status and determine what needs to happen next, improving alignment between field and office teams, accelerating decision-making, and reducing miscommunication. The feature is especially valuable for complex or multi-day jobs, where clear continuity and smooth technician handoffs are critical to delivering consistent service. It’s another featuring making BlueFolder’s work order management software capabilities stronger every day.

“History is one of the most powerful tools a service team has — the problem is it’s usually buried. BlueFolder’s new AI features fix that. Your team walks into every interaction already knowing the customer, knowing the equipment, and exactly where things stand. That changes the entire experience,” says John Shaw, VP, Technology, Service Operations.

AI as a Core Part of the BlueFolder Platform

The launch of these two features reflects BlueFolder’s broader commitment to embedding AI throughout its field service management software as an integrated layer of intelligence that makes every workflow smarter. Rather than requiring teams to change how they work, BlueFolder’s AI capabilities are designed to surface the right information at the right moment automatically, within the tools that technicians, dispatchers, and managers already use every day.

“AI is transforming what’s possible in field service, and BlueFolder is answering that call. These features are the result of deep platform expertise and a clear vision for where the industry is headed. We’re embedding intelligence throughout the platform because we know it makes our customers more competitive, more efficient, and better positioned to grow,” says Stephen Myslicki, Group President of Field Services.

Availability

Both AI-Powered Customer Summaries and AI-Powered Field Notes Summarization are available now to BlueFolder customers as optional, easy-to-enable features within the platform. They are part of BlueFolder’s growing suite of AI-driven capabilities designed to help field service organizations operate more efficiently and scale with confidence.

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SOURCE BlueFolder

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