Demand for Drones Could Create an $88.57 Billion Opportunity

There could be substantial growth ahead for drone technology.

According to Research and Markets, the global drone market was valued at $18.1 billion in 2018. By 2027, it could be worth as much as $88.57 billion.

“The demand for drones across North-America has been increasing on the back of growing drone production and wide application of drones in the commercial sector. Furthermore, favorable government initiatives regarding the advancements in drone technology is key to the growth for North America drones market, over the forecast period,” they added.

“Companies like Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOG), and Intel (NASDAQ:INTC), among others, have invested and collaborated with smaller firms for implementing drones in the delivery of goods and services. Such investments and collaborations by these major companies is estimated to generate an additional demand for drones.” Even companies like United Parcel Service (NYSE:UPS) are getting involved.

It’s Also a Strong Catalyst for Drone Delivery Canada (TSXV:FLT)(OTC:TAKOF)

Drone Delivery Canada just provided an update on the Condor drone based on recent successful testing at the Foremost UAS Test Range, in Foremost, Alberta, Canada.

The Company is pleased to announce that it has successfully completed further testing of the Condor, including testing as related to: cold-weather performance, wind performance, cargo-area temperature profiles, long-duration flight testing, aircraft attitude and position controller tuning, autonomy, and autonomous waypoint navigation. These attributes are important with respect to commercial / industrial applications and healthcare cargo, especially biologicals, pharmaceuticals and vaccines.

The Company had previously announced successful testing of numerous critical aspects of the Condor, including: triple-redundant communications system (satellite, cellular, 900MHz RF); triple-redundant navigational guidance system; triple-redundant autopilot system; monitoring of unmanned flights remotely from DDC’s Operations Control Centre in Vaughan, Ontario; general flight stability and performance; fuel consumption characteristics; multiple unique flying patterns; multiple velocity vectors and altitude profiles; sound pressure levels; engine tuning characteristics; maintenance procedures; logging of flight data; and extended endurance testing in varying environmental conditions.

Pursuant to proposed Transport Canada regulations, the Condor would not require a formal aircraft type-certification when operated in specific lower-risk (remote) locations, as is intended. Commercialization in support of COVID-19 related activities and also remote area deliveries would commence for 2021 projects once DDC has completed testing. Flight approvals would be requested through Transport Canada following the straightforward and well-established Special Flight Operations Certificate (SFOC) process that DDC has successfully used in the past.

The Condor is currently the Company’s largest drone with an expected range of 200km (124mi) and a payload capacity of 180kg (396lb) and is fully integrated with the Company’s patented FLYTE software system. The turnkey solution is marketed in a managed service SaaS business model in Canada and as a licensed managed service internationally.

“We are very pleased with the ongoing successful testing of our Condor delivery drone. The Sparrow, Robin XL and Condor all have unique use-case applications based on range and payload capabilities, and we are excited to have the two additional models coming to market. The Sparrow continues to operate successfully at current customer projects. Robin XL & Condor solution pre-selling efforts are underway and market response has been very favourable in Canada and internationally, and we are working to close a number of specific prospective opportunities,” said Michael Zahra, President & CEO of DDC.

For a previously released video of the Condor in flight, please visit:

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