Rapid Expansion of Drone-as-a-Service Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 hours ago
0mins
Source: PRnewswire
- 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.
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Analyst Views on UAVS
About UAVS
AgEagle Aerial Systems Inc. is engaged in designing and delivering flight hardware, sensors and software that solve important problems for its customers. The Company is a provider of full-stack sensors and software solutions for customers worldwide in the energy, construction, agriculture, and government verticals. The Company operates through three segments: Drones, Sensors, and Software-as-a-Service (SaaS). Its Drones segment comprises contractual arrangements to develop, manufacture and /or modify complex drone-related products, and to provide associated engineering, technical and other services according to customer specifications. Its Sensors segment comprises the sale of sensors, cameras, and related accessories. Its SaaS segment offers online-based subscriptions. The Company’s eBee line of professional drones includes eBee Ag, eBee Geo, eBee TAC, eBee X and eBee VISION. Its sensor solutions include Altum-PT, RedEdge-P, and RedEdge-Pdual.
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.
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
ZenaTech Enters AI Data Center Construction Market with New Drone Software
- Market Opportunity: The AI data center construction boom is projected to drive the Drones as a Service (DaaS) market to approximately $20 billion to $26 billion over the next decade, with the overall drone services market expected to exceed $140 billion by 2035, indicating robust growth potential.
- Technological Innovation: ZenaTech's introduction of the ZenaWorx software, which employs LiDAR technology for 3D digital progress monitoring, aims to enhance accuracy and cost-effectiveness in construction processes, potentially significantly improving efficiency in AI data center projects.
- Industry Trends: The AI data center market is growing at a 30% CAGR, driving the adoption of drones across construction, logistics, and infrastructure projects, with forecasts suggesting the global drone services market will expand from $18 billion in 2024 to over $225 billion by 2034.
- Investment Outlook: As government and private sector investments in AI infrastructure continue to rise, the demand for DaaS is expected to grow, positioning ZenaTech favorably within the rapidly evolving drone industry.
See More
ZenaTech Enters AI Data Center Construction Market with New Drone Software
- Market Opportunity: The demand for AI data center construction is driving the Drones as a Service (DaaS) market, which is projected to grow to $20 billion to $26 billion over the next decade, while the overall drone services market could exceed $140 billion by 2035, indicating robust market potential.
- Technological Innovation: ZenaTech's introduction of the ZenaWorx software, which utilizes LiDAR technology for 3D digital progress monitoring, aims to enhance construction accuracy and cost-effectiveness, significantly improving management efficiency for AI data center projects.
- Customer Development: ZenaTech has identified a potential beta customer and is in negotiations to provide ZenaWorx services for their several hundred-acre AI data center construction project, further driving market penetration.
- Industry Outlook: With increasing investments from governments and private sectors in AI infrastructure, the application of drone services across construction, logistics, and industrial inspection is expected to expand, propelling rapid industry growth.
See More
EagleNXT Secures Three U.S. Army Contracts
- U.S. Army Contracts Boost Revenue: EagleNXT entered Q2 2026 with three U.S. Army contracts, providing immediate revenue contributions and validating the company's trust in defense, particularly with the delivery of nine eBee VISION ISR kits to the National Training Center at Fort Irwin, California on April 16.
- Texas Production Facility Operational: The Allen, Texas production facility is now operational, supporting the manufacturing of eBee VISION systems and addressing the growing demand for domestic production, thereby enhancing the company's competitiveness in federal procurement.
- Counter-Drone Market Expansion: The joint venture ThirdEye USA with Israel's ThirdEye Systems was established on April 14, 2026, with EagleNXT holding a 51% stake, targeting full operations by May 2026, marking the company's entry into the rapidly growing counter-drone market, expected to drive future revenue growth.
- Sensor Innovation and Market Expansion: EagleNXT is developing two new sensor models and actively pursuing Blue Certification for eBee TAC and eBee VISION on the U.S. Army's UAS Marketplace, with successful listing anticipated to streamline federal procurement processes, expand the customer base, and enhance market competitiveness.
See More
EAGLENXT SECURES FURTHER ORDER FOR EBEE VISION ISR SYSTEMS FROM THE U.S. ARMY'S 7TH ARMY TRAINING COMMAND
- New Order for EAGLENX: EAGLENX has received an additional order for its EBEE vision system from the U.S. Army's 7th Army Training Command.
- Significance of the Order: This order highlights the continued partnership and reliance on advanced technology for military training and operations.
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
ZenaTech Enters AI Data Center Construction Market with New Drone Software
- Market Opportunity: The AI data center construction boom is projected to drive the Drones as a Service (DaaS) market to approximately $20 billion to $26 billion over the next decade, with the overall drone services market expected to exceed $140 billion by 2035, indicating robust growth potential.
- Technological Innovation: ZenaTech's introduction of the ZenaWorx software, which employs LiDAR technology for 3D digital progress monitoring, aims to enhance accuracy and cost-effectiveness in construction processes, potentially significantly improving efficiency in AI data center projects.
- Industry Trends: The AI data center market is growing at a 30% CAGR, driving the adoption of drones across construction, logistics, and infrastructure projects, with forecasts suggesting the global drone services market will expand from $18 billion in 2024 to over $225 billion by 2034.
- Investment Outlook: As government and private sector investments in AI infrastructure continue to rise, the demand for DaaS is expected to grow, positioning ZenaTech favorably within the rapidly evolving drone industry.
See More
ZenaTech Enters AI Data Center Construction Market with New Drone Software
- Market Opportunity: The demand for AI data center construction is driving the Drones as a Service (DaaS) market, which is projected to grow to $20 billion to $26 billion over the next decade, while the overall drone services market could exceed $140 billion by 2035, indicating robust market potential.
- Technological Innovation: ZenaTech's introduction of the ZenaWorx software, which utilizes LiDAR technology for 3D digital progress monitoring, aims to enhance construction accuracy and cost-effectiveness, significantly improving management efficiency for AI data center projects.
- Customer Development: ZenaTech has identified a potential beta customer and is in negotiations to provide ZenaWorx services for their several hundred-acre AI data center construction project, further driving market penetration.
- Industry Outlook: With increasing investments from governments and private sectors in AI infrastructure, the application of drone services across construction, logistics, and industrial inspection is expected to expand, propelling rapid industry growth.
See More
EagleNXT Secures Three U.S. Army Contracts
- U.S. Army Contracts Boost Revenue: EagleNXT entered Q2 2026 with three U.S. Army contracts, providing immediate revenue contributions and validating the company's trust in defense, particularly with the delivery of nine eBee VISION ISR kits to the National Training Center at Fort Irwin, California on April 16.
- Texas Production Facility Operational: The Allen, Texas production facility is now operational, supporting the manufacturing of eBee VISION systems and addressing the growing demand for domestic production, thereby enhancing the company's competitiveness in federal procurement.
- Counter-Drone Market Expansion: The joint venture ThirdEye USA with Israel's ThirdEye Systems was established on April 14, 2026, with EagleNXT holding a 51% stake, targeting full operations by May 2026, marking the company's entry into the rapidly growing counter-drone market, expected to drive future revenue growth.
- Sensor Innovation and Market Expansion: EagleNXT is developing two new sensor models and actively pursuing Blue Certification for eBee TAC and eBee VISION on the U.S. Army's UAS Marketplace, with successful listing anticipated to streamline federal procurement processes, expand the customer base, and enhance market competitiveness.
See More
EAGLENXT SECURES FURTHER ORDER FOR EBEE VISION ISR SYSTEMS FROM THE U.S. ARMY'S 7TH ARMY TRAINING COMMAND
- New Order for EAGLENX: EAGLENX has received an additional order for its EBEE vision system from the U.S. Army's 7th Army Training Command.
- Significance of the Order: This order highlights the continued partnership and reliance on advanced technology for military training and operations.
See More
