Ishveena Singh- Mar. 21st 2022
Industrial drone solutions provider American Robotics has reached an agreement to acquire Ardenna, a Virginia-based firm providing AI-powered analytics software for the rail industry. The acquisition would enable American Robotics to offer autonomous drone-in-a-box solutions to railways.
American Robotics, a subsidiary of Ondas Holdings, estimates the global total addressable market for drone-in-a-box in rail to be $6.8 billion. In North America alone, there are over 200,000 miles of rail track and hundreds of railyards that require regular monitoring and inspection to ensure safety.