Drone Sector to Get Boost from Expanding Applications and Bu Naples, FL, Mar 27, 2023 (News Direct via Comtex) -- --News Direct--
The military drone market is one of the fastest-growing at the moment. It is expected to hit $20.64 billion in 2027 from the current $14.54 billion. While it has a powerful driver of increasing government spending, the growing number of border disputes between countries over who owns what land and who controls the space between them is yet another factor behind the growing demand for UAVs.
The companies that can ramp up manufacturing and production of UAVs fast have by far the strongest potential to win government contracts and market share in defense. The market offers a lot of potential as the application of military drones has expanded from operations, surveillance, mapping, communication to military equipment delivery. Drones are used more and more in combat operations, and as anti-terrorism weaponry, and this sector should be on the radar of investors as it offers a lot of opportunities.
We’re going to focus on four stocks in the sector today; EPAZ, USDR, BAESY, and ESLT
Epazz, Inc. (OTC: EPAZ) is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions. Its spinoff, ZenaDrone is the autonomous drone monitoring, inspection, and surveillance solution provider. Epazz Holdings is currently prioritizing developing the ZenaDrone 1000 autonomous drone product, a multifunctional unmanned aerial vehicle equipped with machine learning systems, multispectral sensors and AI technology. ZenaDrone uses the data captured from its cameras to create a 3D interactive environment.
On March 23, Epazz announced ZenaDrone was presented in front of various branches of the U.S. military. The military’s response has led to additional flight demonstrations with the U.S. Army.
In addition, Epazz said it is s filing a new international patent for the ZenaDrone 1000 platform, which is separate from the drone smart charging pad patent that it has already received on March 7. ZenaDrone is in the process of qualifying for Green UAS certification, which is a new US government compliance program, a crucial step for becoming a government provider of drone technology.
CEO Shaun Passley, Ph.D., said, “We have picked up the interest of the US Army for flight demonstrations and have discussions, which have been to the next level of other branches of the US military. We are excited about our process and looking to move to the next level of this company.”
Epazz Holding has a significant revenue potential related to government contracts with the US military, particularly once it receives all the necessary certifications.
https://www.marketwatch.com/press-release/drone-sector-to-get-boost-from-expanding-applications-and-budgets-in-military-2023-03-27?mod=mw_quote_news_seemore