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North America holds a significant share in the commercial drones industry owing to the extensive use of drones in the region. The increasing manufacturing of drones in countries such as the United States and Canada are leading to a surge in the availability of drones for commercial uses, which is propelling the market growth. For instance, the United States Department of Defence (DoD) selected five local companies to deliver commercial drones to the military and government agencies to reduce reliance on imported products in August 2020. In addition, the growing deployment of commercial drones for the delivery of products in the region is augmenting the industry growth. Technological advancements and the rapid adoption of the latest technology such as machine learning, big data, and artificial intelligence (AI) in the region is leading to the development of advanced drones, which is expected to fuel the growth of the commercial drone industry.
Draganfly (CNSX: DPRO), one of the leading companies, announced that it would launch its new, North American designed and built, Draganfly Commander2 drone in August 2021. The drone is extensively designed, developed, and manufactured in Canada and complies with “Built-in-North America” requirements. The drone takes maximum advantage of the federal regulatory requirements concerning the origin and security of drone systems and devices. It is a small Unmanned Aerial System (sUAS) and replaces the Commander platform launched in 2015. The model improves operational capabilities and payload options while offering North American built and sourced flight controllers, sensors and communications, and utilises Mav-Link based mission planning software. The development of such products is expected to augment the market growth.
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The major players in the global commercial drones market are Aeronavics Ltd., AeroVironment, Inc., Autel Robotics, SZ DJI Technology Co., Ltd., and Draganfly Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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