Technology

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

Published

1 year ago

February 3, 2025

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..

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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

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

Technology

Yalla Group Releases 2025 ESG Report

Published

35 minutes ago

April 23, 2026

DUBAI, UAE, April 22, 2026 /PRNewswire/ — Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today published its 2025 Environmental, Social and Governance (ESG) Report. The report outlines the Company’s 2025 ESG performance and future strategy across five key pillars: responsible governance, environmental stewardship, trust, people, and community engagement, underscoring its enduring commitment to sustainable development.

Tao Yang, Founder, Chairman, and CEO of Yalla, stated, “In 2025, we made tangible progress across our ESG priorities. We expanded our use of renewable energy, integrated energy-efficient technologies and deepened AI applications across daily operations, advancing toward our carbon neutrality goal while strengthening business performance. We also invested in building a more diverse and inclusive workplace where our people can thrive and deliver their best, supporting our sustainable growth. True to our mission of connecting our users and enriching lives across the MENA region through our social and gaming ecosystem, we will continue to innovate with purpose, leading responsibly to create positive, enduring impact and lasting value for all stakeholders.”

Mr. Saifi Ismail, President of Yalla, added, “Our fifth annual ESG report highlights our dedication to promoting sustainability, innovation, and responsible growth. Cultural respect and community engagement remain central to how we operate, enabling us to foster a sense of belonging in our digital entertainment community across the MENA region. This year, we also strengthened our cybersecurity infrastructure, building greater user trust in our platforms. Looking ahead, we will continue to invest in ESG initiatives and leverage advanced technologies to cultivate a safe, engaging and innovative digital ecosystem, driving progress toward a more sustainable future.”

For more information on the Company’s ESG initiatives and to access the complete ESG report in English and Arabic, please visit the ESG section of the Company’s investor relations website at https://ir.yalla.com/esg.

About Yalla Group Limited

Yalla Group Limited is the largest MENA-based online social networking and gaming company, in terms of revenues in 2022. The Company operates two flagship mobile applications, Yalla, a voice-centric group chat platform, and Yalla Ludo, a casual gaming application featuring online versions of board games, popular in MENA, with in-game voice chat and localized Majlis functionality. Building on the success of Yalla and Yalla Ludo, the Company continues to add engaging new content, creating a regionally-focused, integrated ecosystem dedicated to fulfilling MENA users’ evolving online social networking and gaming needs. Through its holding subsidiary, Yalla Game Limited, the Company has expanded its capabilities in mid-core and hard-core games in the MENA region, leveraging its local expertise to bring innovative gaming content to its users. In addition, the growing Yalla ecosystem includes YallaChat, an IM product tailored for Arabic users, WeMuslim, a product that supports Arabic users in observing their customs, and casual games such as Yalla Baloot and 101 Okey Yalla, developed to sustain vibrant local gaming communities in MENA. Yalla is also actively exploring outside of MENA with Yalla Parchis, a Ludo game designed for the South American markets. Yalla’s mobile applications deliver a seamless experience that fosters a sense of loyalty and belonging, establishing highly devoted and engaged user communities through close attention to detail and localized appeal that profoundly resonates with users.

For more information, please visit: https://ir.yalla.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about Yalla Group Limited’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Yalla Group Limited’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Yalla Group Limited does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Yalla Group Limited
Investor Relations
Kerry Gao – IR Director
Tel: +86-571-8980-7962
Email: ir@yalla.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
Email: yalla@tpg-ir.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: yalla@tpg-ir.com

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SOURCE Yalla Group Limited

Technology

Citizens Bank Data Breach: Edelson Lechtzin LLP Launches Investigation Into Exposure of Personal Information

Published

36 minutes ago

April 23, 2026

National class action firm offering free case evaluations to individuals impacted by the Citizens Bank cybersecurity incident

NEWTOWN, Pa., April 22, 2026 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating data privacy claims arising from the Citizens Bank, N.A. data breach. Citizens Bank appeared on the Everest gang’s dark web ransomware leak site on or about April 20, 2026.

Edelson Lechtzin LLP is investigating data privacy claims arising from the Citizens Bank, N.A. data breach.

What Happened

On or about April 20, 2026, samples of sensitive financial data from Texas-based Frost Bank and Citizens Financial Group showed up on Everest’s dark web site. The Everest gang has reportedly given the banks six days before it publicly releases the stolen data. This is a common tactic used by hackers to extort large payments. The Everest gang claims to have approximately 3.4 million records belonging to Citizens Bank

Information Exposed

Affected personal data includes names, home addresses, and account numbers.

Who May Be Impacted

Individuals who received a data breach notification from Citizens Bank may face an increased risk of identity theft and fraud.

Your Legal Options

Edelson Lechtzin LLP is investigating a potential class action to pursue legal remedies on behalf of individuals whose sensitive personal data may have been compromised in the Citizens Bank breach. The firm will evaluate your rights and potential claims at no cost.

Recommended Protective Steps

Review account statements and credit reports regularly and remain vigilant for suspicious activity. Confirm whether your information was involved in the Citizens Bank incident and preserve any letters or emails you received about the breach. Consider placing fraud alerts and credit monitoring.

Speak confidentially with a data privacy attorney today: Marc Edelson, Esq., Edelson Lechtzin LLP, 411 S. State Street, Suite N-300, Newtown, PA 18940; Phone: 844-696-7492 ext. 2; Email: medelson@edelson-law.com; Web: www.edelson-law.com. Or click HERE to request a free consultation.

About Citizens Bank

Citizens Financial Group, Inc. is an American bank holding company headquartered in Providence, Rhode Island. The company owns the bank Citizens Bank, N.A., which operates in Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, and Virginia, as well as Washington, DC.

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to data breach litigation, the firm handles class and collective actions involving securities and investment fraud, federal antitrust violations, ERISA employee benefit plans, wage theft, and consumer fraud

Media and Partnership Inquiries: Use the contact information above to connect with our team regarding interviews, co-counsel opportunities, and referral partnerships.

Legal Notice: This press release may be considered Attorney Advertising in some jurisdictions.

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SOURCE Edelson Lechtzin LLP

Technology

Registration for the 2026 National Summit in San Diego, CA is Officially Open!

Published

36 minutes ago

April 23, 2026

Leading independent technology distributor Sandler Partners opens registration for their 3-day National Summit, an event dedicated to helping empower Partners to grow their business.

REDONDO BEACH, Calif., April 22, 2026 /PRNewswire/ — Sandler Partners announces that registration is now open for the 2026 Sandler Partners National Summit, taking place October 26–29 at the Hilton San Diego Bayfront in San Diego, CA.

The National Summit is the largest event of the year for the Sandler Partners community—bringing together 600+ Partners, Sandler leadership, and 75+ Providers for three days of insight, collaboration, and opportunity. The event is designed to equip attendees with the knowledge, connections, and strategies needed to navigate a rapidly evolving technology landscape and drive business growth.

Partners, potential Partners, and sponsoring technology Providers can register today by clicking HERE.

“I had the opportunity to connect with the Sandler team, delve into the latest technologies and Partner programs, and build relationships that will help expand the services we deliver to our clients,” states a West Coast Partner and 2025 attendee. “I’m coming back inspired and ready to put some of these new partnerships and ideas into action.”

Shaped by Partner feedback, the Summit focuses on what matters most—delivering practical insights, relevant education, and meaningful connections. Attendees will engage in Growth, Sales, and Technology sessions, explore emerging solutions, and collaborate with peers to exchange ideas, discover new approaches, and strengthen relationships across the community.

TECHNOLOGY PROVIDERS, PLEASE NOTE: Only sponsoring Providers are allowed to attend this event. Those interested in participating as a sponsor can learn more by contacting Tina S. Dyksterhouse, Vice President of Marketing at Tina@SandlerPartners.com.

About Sandler Partners and Their Community Approach
Sandler Partners helps empower their network of leading independent Sales Partners to bring organizations around the world a comprehensive range of technology solutions, including Cybersecurity, Artificial Intelligence (AI), Connectivity, Cloud, Colocation, Mobility, Internet of Things, and Continuity. Their community focus helps support Partners to identify solutions swiftly and unbiasedly from a diverse Provider portfolio of 250+ suppliers. Partner sales agents, VARs, and MSPs gain access to a robust support network, Sales Engineering expertise, marketing resources, and powerful sales tools like SCOUT, Solutions Finder, Scout for Solutions, and the Marketing Center within the Sandler Portal. This helps give their Partners what they need to do what they do best – deliver quality, value, performance, features, unparalleled expertise, and service to their clients. Members of the Sandler Partner community can rely on the industry’s strongest negotiated agreements and a team dedicated to ensuring all their commissions are found, tracked, and paid.

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SOURCE Sandler Partners