Written by Greg Nichols, Contributing Writer on July 6, 2022
The commercial drone industry is consolidating in advance of loosening regulations and is on the precipice of widespread global adoption in a variety of sectors. The latest example comes as commercial drone company American Robotics, Inc. and its parent Ondas Holdings Inc. have agreed to acquire Israeli drone company AIROBOTICS Ltd. in a major deal that consolidates each company's technologies.
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This is a story of larger trends in the sector. The commercial drone industry is expected to grow at a compound annual growth rate of 57% from 2021 to 2028 as a result of the need for better data and analytics that only drones provide. American Robotics has prioritized working with the Federal Aviation Administration (FAA) to manufacture devices that can safely and successfully operate under the Aviation Rulemaking Committee (ARC) and FAA guidelines. Anticipation of the FAA's acceptance of commercial drones beyond visual line of sight has sent the space into overdrive while spurring investment and consolidation.
Source: ZDNet