Global Search & Rescue Drone Market Estimated To Exceed 3.25 Billion By The End Of 2023
FinancialNewsMedia.com News Commentary
PALM BEACH, Fla. , Jan. 17, 2023 /PRNewswire/ — Deployment of drones have increased in recent years for a variety of purposes. Drones offer unique capabilities used by emergency responders around the world. They can be used on land and at sea or at night or in low visibility. They are saving many lives by participating in various general emergency and security operations and their use in search and rescue operations has proven to be one of the most potentially life-saving applications. Equipped with sensors and powerful cameras, drones can cover a large area in a short time. Search and rescue drones can also be equipped with special equipment such as infrared cameras and speakers. This allows user to locate missing persons and save lives. Helicopters and manned aircraft cost hundreds of dollars an hour to operate during rescue operations. Drones, only require an initial investment and have a low maintenance cost. The drone takes off from a safe location and scans from a high altitude. This leads to the safety of the team the as they stay back on the ground and get an idea of the rescue operation. A report from Fact.MR projected that the search and rescue drone market is estimated to reach valuation of US$ 3,254.4 Million in 2023 and will top US$ 11,648.1 Million by 2033, growing with a CAGR of around 13.6% from 2023-2033. The report said: “Search and rescue drones are now becoming a popular product for responders conducting any type of emergency response. These drones are designed to provide aerial support to ground teams in searching for the locations of missing and injured people. The team can rely on UAVs for search and rescue missions while other team members continue conventional search techniques or provide support elsewhere. Equipped with the right sensors and cameras, the drone can cover large areas quickly and efficiently, making it ideal for search missions.” Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Deutsche Lufthansa AG (OTCQX: DLAKY), Joby Aviation, Inc. (NYSE: JOBY), The Boeing Company (NYSE: BA), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS).