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Drone Market to grow by USD 36.1 Billion (2024-2028), fueled by rising drone applications, Report on how AI is driving market transformation – Technavio

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NEW YORK, Feb. 2, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global drone market size is estimated to grow by USD 36.1 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 15.23% during the forecast period. Rise in applications of drones is driving market growth, with a trend towards new developments and launches of commercial drones. However, restrictive laws and regulations governing uav use poses a challenge. Key market players include AeroVironment Inc., Autel Robotics Co. Ltd., DELAIR SAS, Drone Delivery Canada Corp., DroneDeploy Inc., EHang Holdings Ltd., Intel Corp., Kespry Inc., Kitty Hawk Corp., Leptron Unmanned Aircraft Systems Inc., Parrot Drones SAS, Pix4D SA, PrecisionHawk Inc., Skydio Inc., Spirit AeroSystems Inc., SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Terra Motors Corp., The Boeing Co., Trimble Inc., and Yuneec International Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Drone Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.23%

Market growth 2024-2028

USD 36.1 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.86

Regional analysis

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

Performing market contribution

APAC at 42%

Key countries

China, US, Germany, Japan, and UK

Key companies profiled

AeroVironment Inc., Autel Robotics Co. Ltd., DELAIR SAS, Drone Delivery Canada Corp., DroneDeploy Inc., EHang Holdings Ltd., Intel Corp., Kespry Inc., Kitty Hawk Corp., Leptron Unmanned Aircraft Systems Inc., Parrot Drones SAS, Pix4D SA, PrecisionHawk Inc., Skydio Inc., Spirit AeroSystems Inc., SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Terra Motors Corp., The Boeing Co., Trimble Inc., and Yuneec International Co. Ltd.

Market Driver

Unmanned aircraft, also known as Unmanned Aerial Vehicles (UAVs) or Unmanned Aircraft Systems (UAS), are robots that fly without a human pilot on board. This market includes various types of drones, such as rotary wing and fixed wing, powered by heat engines, jet engines, or electrical engines. Trends in this industry include GPS technology for traffic monitoring, videography, agriculture, delivery services, weather monitoring, search and rescue, surveillance, military, and defense applications. Sensors like ultrasonic, laser, LIDAR, time-of-flight, chemical, stabilization, orientation, thermal, hyperspectral, and minerals play a crucial role in drone functionality. The agriculture segment, construction sector, real estate sector, and oil and gas industries are significant markets for commercial drones. Companies like AeroVironment Inc and Skydio lead in this sector. Drones are used for various purposes such as aerial videography, photography, flora and fauna, public services, thermal imaging cameras, and precision agriculture applications. The market is expanding into sectors like e-commerce, border security, energy, insurance industries, and military capabilities. Regulations and subsidy programs are shaping the industry’s growth. 

Drones have transformed the commercial sector due to their ease of deployment, minimal maintenance costs, mobility, and ability to hover. They are extensively used in various industries such as wireless coverage and remote sensing, search and rescue operations, delivery services, security and surveillance, precision agriculture, and civil infrastructure inspection. In emergency situations like natural or man-made disasters, drones play a crucial role in expediting rescue efforts. They can quickly survey vast areas during disasters like floods, wildfires, and avalanches, providing essential data for effective response planning. Additionally, drones can transport medical supplies to inaccessible areas and offer timely disaster warnings, enhancing overall disaster management efforts. 

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Market Challenges

The Drone Market encompasses various unmanned aircraft, aerial vehicles, and systems, collectively referred to as drones. These robotic flying machines employ GPS technology for traffic monitoring, videography, agriculture, delivery services, and weather monitoring, among others. Challenges in sectors like agriculture, construction, real estate, and public services, have led to the integration of drones in mining, oil and gas, transportation, entertainment, telecommunications, and more. Drones incorporate sensors such as ultrasonic, laser, LIDAR, time-of-flight, chemical, stabilization, orientation, and thermal sensors. Companies like Skydio, AeroVironment Inc, and Raptor Maps lead the market with innovations in drone technology, including autonomous drones, precision agriculture applications, and filming and photography. The hybrid segment caters to the e-commerce sector, border security, and military operations. Regulations and subsidy programs influence the market’s growth, while hobbyist drones cater to individual users. Drones offer solutions in various industries, including infrastructure, energy, insurance, military capabilities, and the political arena.Drones, although offering numerous business applications, pose a significant security concern due to their misuse by criminals and terrorists. The ease of access to drone technology and lax regulations increase the risk of drones being used for nefarious activities, such as terror attacks or surveillance of sensitive areas. To mitigate these risks, governments are implementing stricter regulations. These regulations include mandatory type certification for drones, obtaining a drone pilot license for operators, and completing training from authorized remote pilot training organizations. These measures aim to minimize the potential for drones to be used for criminal or terrorist activities.

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Segment Overview

This drone market report extensively covers market segmentation by

ApplicationIndustrialTerrestrial Imagery And MappingPrecision AgricultureInspection And MonitoringOthersTypeRotary BladeFixed WingHybridGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

1.1 Industrial- The industrial sector is experiencing significant growth in the use of drones due to their efficiency and safety benefits. Real-time aerial inspections enable quick assessment of construction sites, reducing potential hazards by 91%. Autodesk, a leading software company in architecture and construction, has invested in drone manufacturer 3D Robotics since 2018. Their collaboration offers a UAV-to-cloud solution, allowing drone data to be analyzed using Autodesk software. Additionally, drones act as portable communication towers during emergencies or large events, enhancing network capacity. These factors are fueling the demand for drones in industrial applications.

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Research Analysis

Unmanned aircraft, also known as Unmanned Aerial Vehicles (UAVs) or Unmanned Aircraft Systems (UAS), are robotic aircraft that operate without a human pilot on board. These flying machines have gained significant attention in various industries due to their versatility and capabilities. UAVs are used for traffic monitoring, videography, agriculture, delivery services, weather monitoring, search and rescue, and more. In the commercial sector, they are employed in real estate, construction, and inspection of unstable roofs and electrical cables. UAVs are equipped with GPS, computing, microcontrollers, and processors for navigation and data processing. They have applications in defense and border security, with autonomous drones used for precision-guided bombs and missiles in military operations. Aerial photography and video recording are common applications, while surveying and mapping are also popular uses for UAVs.

Market Research Overview

Unmanned aircraft, also known as Unmanned Aerial Vehicles (UAVs) or Unmanned Aircraft Systems (UAS), refer to robotic aircraft that operate without a human pilot on board. These robots use Global Positioning System (GPS) technology for navigation and can be employed in various sectors for traffic monitoring, videography, agriculture, delivery services, weather monitoring, search and rescue, surveillance, military, and defense applications. UAVs come in different forms such as rotary wing drones and fixed wing drones, and can be powered by heat engines, jet engines, or electrical engines. They are equipped with sensors including ultrasonic, laser, LIDAR, time-of-flight, chemical, stabilization, orientation, thermal, hyperspectral, and various types of cameras. The agriculture segment, construction sector, real estate sector, and oil and gas industries are significant users of UAVs for crop health monitoring, surface composition analysis, and infrastructure inspections. UAVs are also used in public services, transportation, entertainment and media, telecommunications, mining, and construction industries. Autonomous drones are increasingly being used for military operations, video recording, surveying, logistics, retail organizations, emergency response, and even in the political arena. UAVs are also used in hobbyist applications and can be used for infrastructure inspections, energy sector monitoring, insurance industries, and military capabilities. Regulations and subsidy programs play a crucial role in the drone market. UAVs are also used for anti-aircraft target practice, artillery spotting, intelligence gathering, and weather monitoring. UAVs can be equipped with sensors such as ultrasonic sensors, laser sensors, LIDAR sensors, time-of-flight sensors, chemical sensors, stabilization sensors, orientation sensors, thermal sensors, and hyperspectral sensors. The drone market is expected to grow significantly in the coming years due to the increasing demand for UAVs in various industries and applications.

Table of Contents:

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

ApplicationIndustrialTerrestrial Imagery And MappingPrecision AgricultureInspection And MonitoringOthersTypeRotary BladeFixed WingHybridGeographyAPACNorth 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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Breaking Traditional Financial Barriers: HTX Launches U.S. Stock Futures TradFi Trading Contest with a Massive 50,000 USDT Prize Pool

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APIA, Samoa, June 2, 2026 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, officially launched its U.S. Stock Futures TradFi Trading Contest on June 1, 2026. From now until June 11 at 12:00 (UTC), both new and existing users can trade designated pairs to compete for a share of a generous 50,000 USDT prize pool.

Breaking Down Traditional Finance Barriers: Seamless 24/7 Trading of U.S. Stock Assets

As traditional finance and the crypto market continue to converge, crypto users are showing growing demand for cross-market and diversified asset allocation.  To help global users participate in traditional financial markets with lower barriers and higher efficiency, HTX has innovatively launched the U.S. Stock Futures TradFi Trading Contest, enabling users to seize investment opportunities in global core assets within a crypto trading framework.

According to the official announcement, this event covers the world’s most highly watched traditional commodities and tech giants. On the HTX platform, users can directly use USDT to trade USDT-M Perpetual Futures for highly sought-after premium U.S. stocks and TradFi assets, including USOIL, SPX500, XAU, NVDA, TSLAX, MSTRX, GOOGL, XAG, and INTCX.

By removing the trading-time and geographical restrictions of traditional stock markets, HTX delivers a true 24/7 U.S. stock-trading experience. Users can flexibly adjust their positions according to market shifts, allowing them to capture timely trading opportunities amid global macroeconomic events, industry trends, and asset price fluctuations, ultimately achieving more efficient asset allocation and risk management.

50,000 USDT Prize Pool to Incentivize Both New and Existing Users

This trading contest features a total prize pool of 50,000 USDT, rewarding both new and existing users for their participation.

During the event, users who complete futures trades on designated pairs and reach a cumulative trading volume of 10,000 USDT will be eligible to compete for rankings and share a 47,000 USDT prize pool. Notably, the top three users by trading volume will walk away with fixed rewards of 10,000 USDT, 8,000 USDT, and 5,000 USDT, respectively.

To encourage more users to experience the unique appeal of U.S. stock futures, HTX has rolled out a dedicated 3,000 USDT prize pool for newcomers. During the event, new users who complete futures trades on designated pairs with a cumulative trading volume of 500 USDT, while maintaining a position of ≥100 USDT for at least 2 days, will have the chance to receive a 3 USDT reward. Rewards will be distributed based on the trading-volume rankings of eligible users on a first-come, first-served basis, while supplies last.

Event Details: https://www.htx.com.ph/microapps/en-us/contract-transaction/web/competitionDetail?activityId=177993903503225&bizLine=1

HTX Leads a New Trend in Crypto Trading with a User-First Approach

In recent years, as the crypto market’s user base has matured, demand for cross-asset and cross-market trading instruments has surged.  HTX continuously expands its product boundaries. While consistently optimizing trading services for mainstream crypto assets, HTX actively explores pathways for integrating traditional financial assets into the crypto trading ecosystem, providing users with a more diversified selection of investment vehicles.

The launch of the U.S. Stock Futures TradFi Trading Contest not only opens a new channel for users to participate in global core asset markets, but also further enriches HTX’s trading product lineup. Moving forward, HTX will continue to optimize the product experience centered around user needs, expand high-quality asset categories, and build a secure, transparent, and highly efficient comprehensive digital asset trading platform for global traders.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

To learn more about HTX, please visit https://www.htx.com/ or HTX Square, and follow HTX on X, Telegram, and Discord.

 

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SOURCE HTX

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Visteon expands its premium cockpit portfolio with 12.3-inch narrow border display in all-new Lexus ES

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YOKOHAMA, Japan, June 3, 2026 /PRNewswire/ — Visteon Corporation (NASDAQ: VC), a global leader in automotive cockpit electronics, today announced that its 12.3-inch Narrow Border Driver Display is featured in the recently launched Lexus ES. This marks Visteon’s first production program in Lexus driver information systems, further expanding the company’s footprint across the global premium automotive segment.

Key Highlights:

The 12.3-inch Narrow Border Driver Display is engineered for premium in-cabin environments and includes:

Full LCD panel with corner-cut design, ultra-slim border, and an ultra-thin profile for a seamless cockpit integration.Full display construction with optical bonding for high contrast, reduced glare, and exceptional visual clarity.High-brightness panel optimized for superior readability under direct sunlight across all driving conditions.Smooth, premium animations crafted specifically to reflect the Lexus brand’s signature feel and attention to detail.

“This milestone reflects the strength of our global execution model and our ability to deliver premium cockpit technologies at scale. Our debut collaboration with Lexus is an indicator of the trust placed in us by the world’s leading automakers. Strong collaboration between our team in Japan and our global operations made this possible – and positions us well to accelerate innovation in digital cockpit experiences worldwide,” said Francis Kim, Senior Vice President, Global Sales & Commercial Excellence, and General Manager, Rest of Asia.

The program represents a manufacturing milestone for Visteon in Thailand, where the team completed full in-house display construction and optical bonding for this application, strengthening end-to-end control of the production process and supporting greater speed, consistency, and quality across Visteon’s global manufacturing network.

About Visteon

Visteon (NASDAQ: VC) is advancing mobility through innovative technology solutions that enable a software-defined future. The Company’s state-of-the-art product portfolio merges digital cockpit innovations, advanced displays, AI-enhanced software solutions, and integrated EV architecture solutions. With expertise spanning passenger vehicles, commercial transportation, and two-wheelers, Visteon partners with global OEMs to create safer, cleaner, and more connected journeys.

Headquartered in Van Buren Township, Michigan, Visteon operates in 17 countries, employing a global network of innovation centers and manufacturing facilities. In 2025, the Company recorded annual sales of approximately $3.8 billion and secured $7.4 billion in new business. For more information, visit visteon.com.

Visteon Contacts:

Media:
Media@Visteon.com 

Investors:
Investor@Visteon.com 

Logo: https://mma.prnewswire.com/media/2856279/Visteon_Logo.jpg

 

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ASRock Rack Unveils Next-Generation AI Infrastructure Powered by NVIDIA Vera CPU at COMPUTEX 2026

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TAIPEI, June 2, 2026 /PRNewswire/ — ASRock Rack Inc., a leading innovative server company, today announced its latest portfolio of AI-native infrastructure designed for the era of agentic AI. Showcasing at COMPUTEX 2026 (Booth No.: R0514), ASRock Rack is introducing the new 2UXGM-VERA2 system powered by NVIDIA Vera CPU. The company is also presenting its next-generation AI platform portfolio for AI factories, inference cloud deployments, and edge AI applications, delivering a unified vision for the next wave of AI computing at every scale.

Accelerating the Era of Agentic AI

The AI industry is undergoing a fundamental transformation as scaling laws move beyond model size into the era of agentic AI. This shift from “human talking to AI” to “AI talking to AI” has placed CPU execution on the critical path. To enable this next wave, ASRock Rack is introducing the 2UXGM-VERA2, powered by NVIDIA Vera CPU, a processor purpose-built for the age of AI. Combining custom-designed NVIDIA Olympus cores with high-bandwidth LPDDR5X memory and NVIDIA Scalable Coherency Fabric, Vera delivers a unified compute architecture that completes complex agentic and reinforcement learning workloads 50% faster than traditional CPU infrastructure.

“The AI industry is entering a new frontier where systems move beyond generating responses to executing autonomous actions,” said Weishi Sa, President of ASRock Rack. “NVIDIA Vera is the CPU for the age of AI, providing the high-speed execution layer that turns model reasoning into autonomous action at the speed of the AI factory. To power this next frontier, ASRock Rack is planning a comprehensive new lineup of AI servers powered by NVIDIA Vera, ranging from standalone CPU servers to scale-up AI servers incorporating NVIDIA HGX Vera Rubin NVL8 for every type of AI factory and data center deployment.”

Driving the AI Computing Wave at Every Scale

At COMPUTEX 2026, ASRock Rack is showcasing AI server platforms integrated with advanced liquid-cooling solutions from ecosystem partners. The company’s exhibit highlights the NVIDIA Vera Rubin NVL72, cooled with a double-rack-width liquid-to-air coolant distribution unit (CDU) for next-generation AI factory environments. Also on display are liquid-cooled systems incorporating NVIDIA HGX Rubin NVL8, including the fully liquid-cooled 2U16X-GNR2/DLC and the 5U16X-GNR2/DLC, which combines liquid cooling for CPU and GPU with sufficient airflow for flexible integration of other key peripherals. The company is also demonstrating rack-scale liquid-cooling solutions with in-row CDU for high-density AI deployments.

In addition to its rack-scale solutions, ASRock Rack will demonstrate a diverse lineup of MGX-based servers for enterprise and edge environments. This includes the 6UXGM-GNR2/DLC, supporting up to eight liquid-cooled NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs to accelerate enterprise AI and visual computing. Also featured is the 4UXGM-GNR2 CX8, a NVIDIA RTX PRO Server optimized for inference cloud environments. Bridging to the industrial edge, the 2UXGI-Thor, built on NVIDIA IGX Thor platform, showcases capabilities for Physical AI, enabling real-time sensor processing and functional safety for next-generation autonomous robotics and medical applications.

Visit ASRock Rack at COMPUTEX 2026

Visitors to COMPUTEX 2026 are invited to explore ASRock Rack’s latest AI platforms from edge to cloud and experience live agentic AI demonstrations at Taipei Nangang Exhibition Center, Hall 2, Booth No. R0514.

For more information, please visit https://www.asrockrack.com.

About ASRock Rack Inc.

ASRock Rack Inc., established in 2013, specialized in the field of cloud computing server hardware. While inheriting ASRock’s design concepts, “Creativity, Consideration, Cost-effectiveness,” the company is dedicated to bring the server industry out-of-the-box thinking with the passion to innovate. Leveraged by ASRock’s growing momentum and distribution channels, this young and vibrant company targets booming market of cloud computing, and commits to serving the market with user-friendly and eco-friendly do-it-yourself server hardware, featuring flexible and reliable products.

Social Media
Website: www.asrockrack.com
LinkedIn: www.linkedin.com/company/3568757
Twitter: www.twitter.com/asrockrack 

 

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SOURCE ASRock Rack Inc.

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