Global Drone Market Expected to Hit $163 Billion by 2030 Driven by Technological Advancements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2025
0mins
Source: Globenewswire
Drones as a Service (DaaS) Growth: The DaaS industry is experiencing rapid growth, with projections estimating the global drone market to reach USD 163.60 billion by 2030, driven by advancements in technology, increased adoption across various sectors, and the cost-effectiveness of outsourced drone services.
ZenaTech's Revenue and Expansion: ZenaTech, specializing in AI and DaaS, reported that 82% of its Q3 2025 revenue came from its DaaS segment, as the company aims to acquire 25 new companies by mid-2026 to enhance its service offerings in surveying, mapping, and agriculture.
Technological Innovations in Drones: Key advancements such as AI integration, improved battery efficiency, and the development of fully autonomous drones are expanding the capabilities of drones, making them suitable for complex tasks in industries like agriculture, logistics, and construction.
Regulatory and Market Trends: The North American drone industry dominated the market in 2024, with a significant share attributed to the adoption of drones for commercial uses, supported by favorable regulatory frameworks that enhance drone technology integration across various industries.
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Analyst Views on ZENA
Wall Street analysts forecast ZENA stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.530
Low
7.00
Averages
7.00
High
7.00
Current: 1.530
Low
7.00
Averages
7.00
High
7.00
About ZENA
ZenaTech, Inc. is a technology company specializing in artificial intelligence (AI) drones, Drone as a Service (DaaS), enterprise software as a service (SaaS) and Quantum Computing solutions for mission-critical business applications. It operates in enterprise SaaS software development technology, sales and distribution, and drone manufacturing, sales, distribution and services. Its enterprise software solutions include WorkAware, PsPortals, SystemView, TillerStack, Pace +, ZigVoice, Jadian, DeskFlex, InterlinkOne, Interactive Systems, and Othership. Its drone technology solutions include ZenaDrone 1000, IQ Nano, IQ Square, IQ Aqua and IQ Quad. The ZenaDrone 1000 is a drone that combines software technology and custom hardware components, catering to industries such as construction, agriculture, surveillance, search and rescue, and environmental inspection. The ZenaDrone IQ series is designed for indoor hovering. It also provides surveying and land development services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Drone Market Poised for Significant Growth
- Surging Market Demand: The global military drone market is projected to generate annual revenues between $80 billion and $90 billion by 2030, reflecting nations' growing investment in autonomous and AI-powered drone systems, which will drive the growth of related tech companies.
- Agricultural Growth Potential: The agricultural drone sector is expected to exceed $20 billion annually by 2030, as farmers increasingly adopt drones for precision agriculture, enhancing crop yields while minimizing water, fertilizer, and chemical usage to meet rising global food demand.
- Strategic Acquisition: ZenaTech has signed an offer to acquire a geospatial surveying company in Western Canada, aiming to expand its Drone as a Service presence in critical sectors like infrastructure and agriculture, thereby enhancing market share and recurring revenue opportunities.
- Technological Integration Advantage: ZenaTech's drone service platform combines advanced drone operations with Beyond Visual Line of Sight (BVLOS) capabilities, which is expected to accelerate service coverage and revenue growth in Western Canada, leveraging the region's vast market potential.
See More
Drones Market Poised for Significant Growth
- Surging Market Demand: The global military drone market is projected to generate annual revenues between $80 billion and $90 billion by 2030, reflecting a growing investment by nations in autonomous and AI-powered drone systems, thereby driving the growth of related tech companies.
- Agricultural Potential: The agricultural drone sector is expected to surpass $20 billion annually by 2030, as farmers increasingly utilize drones for crop monitoring and precision agriculture techniques, enhancing yields while minimizing resource consumption to meet rising global food demands.
- Acquisition Strategy: ZenaTech has signed an offer to acquire a geospatial surveying company in Western Canada, aiming to accelerate its Drone as a Service offerings in utilities, forestry, and agriculture, leveraging the firm's regional footprint and client base to increase market share in higher-margin services.
- Technological Integration Advantage: ZenaTech's Drone as a Service platform combines advanced drone operations with Beyond Visual Line of Sight (BVLOS) capabilities, which is expected to drive revenue growth in the rapidly expanding commercial and government drone services market, further solidifying its market position.
See More
ZenaTech Joins Russell 3000 Index Effective June 29, 2026
- Index Membership Change: ZenaTech (ZENA) announced its inclusion in the Russell 3000 Index effective June 29, 2026, as part of the first reconstitution of the 2026 Russell indexes, indicating increased recognition in the market.
- Stock Price Reaction: ZENA's stock rose by 3.2% to $1.44, reflecting a positive market response to its inclusion in the Russell 3000 index, which may attract more investor interest.
- Market Coverage Scope: The Russell 3000 Index captures up to 4,000 of the largest U.S. stocks ranked by total market capitalization, and ZenaTech's inclusion could enhance its visibility and liquidity among investors.
- Industry Outlook: Despite facing high growth and dilution risks, ZenaTech's potential in the drone-as-a-service sector and opportunities for government contracts may support the company's future growth.
See More
ZenaTech Reports 643% Revenue Surge in Q1
- Significant Revenue Growth: ZenaTech reported Q1 revenue of C$8.4 million (approximately $6.06 million), marking a remarkable 643% year-over-year increase, which underscores the robust growth of its Drone-as-a-Service (DaaS) business and solidifies its market position.
- DaaS Business Expansion: The company completed its 23rd acquisition during the quarter, with the DaaS segment accounting for 93% of total revenue at C$7.8 million, indicating a continuous expansion of its market presence across the U.S., Canada, the U.K., and Australia.
- New Product Launches: ZenaTech introduced new commercial drone products to the ZenaDrone IQ Series and launched two interceptor drones aimed at entering the counter-unmanned aerial systems market, enhancing its competitive edge in the defense sector.
- Positive Market Reaction: Despite ZENA stock being down 50% year-to-date, shares rose about 14% in Wednesday's opening trade following the earnings report, reflecting investor confidence in the company's future growth potential.
See More
Rapid Expansion of Drone-as-a-Service Market
- Market Growth Forecast: The Drone-as-a-Service market is projected to reach CAD 8.2 billion by 2026, a significant increase from CAD 6.3 billion in 2024, reflecting a growing demand for outsourced drone operations among businesses, thereby driving rapid industry growth.
- Wide Industry Applications: Various sectors including construction, agriculture, and logistics are actively adopting drone services, leveraging their efficiency in surveying, asset inspections, and security surveillance to enhance operational efficiency and reduce costs, further increasing market acceptance.
- Technological Advancements: With advancements in AI and automation, businesses can achieve more efficient drone operations, particularly in applications like Beyond Visual Line of Sight (BVLOS) and cloud analytics, enhancing the attractiveness and practicality of drones in commercial settings.
- ZenaTech's Strong Performance: ZenaTech reported revenues of CAD 8.4 million in Q1 2026, marking a 640% year-over-year growth, showcasing its robust growth momentum in the drone services sector, and is expected to continue expanding through strategic acquisitions and technological innovations.
See More
ZenaTech Reports 640% Revenue Growth in Q1 2026
- Significant Revenue Growth: ZenaTech reported total revenue of CAD 8.4 million for Q1 2026, marking a 640% increase from CAD 1.13 million in Q1 2025, indicating strong demand for efficient drone solutions and the effectiveness of its DaaS strategy.
- DaaS Dominance: The DaaS segment accounted for approximately 93% of total revenue, reaching CAD 7.8 million, demonstrating the company's ongoing investment in drone integration and services is yielding substantial returns and solidifying its market leadership.
- Global Expansion Strategy: ZenaTech has expanded its DaaS footprint through the acquisition of 23 land surveying and legacy service companies, now operating 26 global locations across the U.S., Canada, the UK, and Australia, enhancing its competitive edge and service capabilities.
- Future Growth Potential: Continued investment in defense technology and commercial drone products, along with expansion into new markets, is expected to drive sustained growth in the coming years, with management expressing optimism about 2026's outlook, likely attracting further investor interest.
See More
Drone Market Poised for Significant Growth
- Surging Market Demand: The global military drone market is projected to generate annual revenues between $80 billion and $90 billion by 2030, reflecting nations' growing investment in autonomous and AI-powered drone systems, which will drive the growth of related tech companies.
- Agricultural Growth Potential: The agricultural drone sector is expected to exceed $20 billion annually by 2030, as farmers increasingly adopt drones for precision agriculture, enhancing crop yields while minimizing water, fertilizer, and chemical usage to meet rising global food demand.
- Strategic Acquisition: ZenaTech has signed an offer to acquire a geospatial surveying company in Western Canada, aiming to expand its Drone as a Service presence in critical sectors like infrastructure and agriculture, thereby enhancing market share and recurring revenue opportunities.
- Technological Integration Advantage: ZenaTech's drone service platform combines advanced drone operations with Beyond Visual Line of Sight (BVLOS) capabilities, which is expected to accelerate service coverage and revenue growth in Western Canada, leveraging the region's vast market potential.
See More
Drones Market Poised for Significant Growth
- Surging Market Demand: The global military drone market is projected to generate annual revenues between $80 billion and $90 billion by 2030, reflecting a growing investment by nations in autonomous and AI-powered drone systems, thereby driving the growth of related tech companies.
- Agricultural Potential: The agricultural drone sector is expected to surpass $20 billion annually by 2030, as farmers increasingly utilize drones for crop monitoring and precision agriculture techniques, enhancing yields while minimizing resource consumption to meet rising global food demands.
- Acquisition Strategy: ZenaTech has signed an offer to acquire a geospatial surveying company in Western Canada, aiming to accelerate its Drone as a Service offerings in utilities, forestry, and agriculture, leveraging the firm's regional footprint and client base to increase market share in higher-margin services.
- Technological Integration Advantage: ZenaTech's Drone as a Service platform combines advanced drone operations with Beyond Visual Line of Sight (BVLOS) capabilities, which is expected to drive revenue growth in the rapidly expanding commercial and government drone services market, further solidifying its market position.
See More
ZenaTech Joins Russell 3000 Index Effective June 29, 2026
- Index Membership Change: ZenaTech (ZENA) announced its inclusion in the Russell 3000 Index effective June 29, 2026, as part of the first reconstitution of the 2026 Russell indexes, indicating increased recognition in the market.
- Stock Price Reaction: ZENA's stock rose by 3.2% to $1.44, reflecting a positive market response to its inclusion in the Russell 3000 index, which may attract more investor interest.
- Market Coverage Scope: The Russell 3000 Index captures up to 4,000 of the largest U.S. stocks ranked by total market capitalization, and ZenaTech's inclusion could enhance its visibility and liquidity among investors.
- Industry Outlook: Despite facing high growth and dilution risks, ZenaTech's potential in the drone-as-a-service sector and opportunities for government contracts may support the company's future growth.
See More
ZenaTech Reports 643% Revenue Surge in Q1
- Significant Revenue Growth: ZenaTech reported Q1 revenue of C$8.4 million (approximately $6.06 million), marking a remarkable 643% year-over-year increase, which underscores the robust growth of its Drone-as-a-Service (DaaS) business and solidifies its market position.
- DaaS Business Expansion: The company completed its 23rd acquisition during the quarter, with the DaaS segment accounting for 93% of total revenue at C$7.8 million, indicating a continuous expansion of its market presence across the U.S., Canada, the U.K., and Australia.
- New Product Launches: ZenaTech introduced new commercial drone products to the ZenaDrone IQ Series and launched two interceptor drones aimed at entering the counter-unmanned aerial systems market, enhancing its competitive edge in the defense sector.
- Positive Market Reaction: Despite ZENA stock being down 50% year-to-date, shares rose about 14% in Wednesday's opening trade following the earnings report, reflecting investor confidence in the company's future growth potential.
See More
Rapid Expansion of Drone-as-a-Service Market
- Market Growth Forecast: The Drone-as-a-Service market is projected to reach CAD 8.2 billion by 2026, a significant increase from CAD 6.3 billion in 2024, reflecting a growing demand for outsourced drone operations among businesses, thereby driving rapid industry growth.
- Wide Industry Applications: Various sectors including construction, agriculture, and logistics are actively adopting drone services, leveraging their efficiency in surveying, asset inspections, and security surveillance to enhance operational efficiency and reduce costs, further increasing market acceptance.
- Technological Advancements: With advancements in AI and automation, businesses can achieve more efficient drone operations, particularly in applications like Beyond Visual Line of Sight (BVLOS) and cloud analytics, enhancing the attractiveness and practicality of drones in commercial settings.
- ZenaTech's Strong Performance: ZenaTech reported revenues of CAD 8.4 million in Q1 2026, marking a 640% year-over-year growth, showcasing its robust growth momentum in the drone services sector, and is expected to continue expanding through strategic acquisitions and technological innovations.
See More
ZenaTech Reports 640% Revenue Growth in Q1 2026
- Significant Revenue Growth: ZenaTech reported total revenue of CAD 8.4 million for Q1 2026, marking a 640% increase from CAD 1.13 million in Q1 2025, indicating strong demand for efficient drone solutions and the effectiveness of its DaaS strategy.
- DaaS Dominance: The DaaS segment accounted for approximately 93% of total revenue, reaching CAD 7.8 million, demonstrating the company's ongoing investment in drone integration and services is yielding substantial returns and solidifying its market leadership.
- Global Expansion Strategy: ZenaTech has expanded its DaaS footprint through the acquisition of 23 land surveying and legacy service companies, now operating 26 global locations across the U.S., Canada, the UK, and Australia, enhancing its competitive edge and service capabilities.
- Future Growth Potential: Continued investment in defense technology and commercial drone products, along with expansion into new markets, is expected to drive sustained growth in the coming years, with management expressing optimism about 2026's outlook, likely attracting further investor interest.
See More
