DroneAcharya Aerial Innovations, India’s pioneering listed drone company, has announced a strategic partnership with American Blast Systems (ABS), a leader in law enforcement and military safety products based in the United States.
The collaboration aims to penetrate the burgeoning drone markets in the U.S. and Europe, focusing on providing advanced drone solutions for various sectors including enterprise, industrial, and defense.
Market Opportunities
Recent market studies highlight a significant growth trajectory for the drone industry.
The U.S. commercial drone market, valued at USD 6.39 billion in 2024, is anticipated to soar to USD 14.11 billion by 2033, reflecting a compound annual growth rate (CAGR) of 9.2%.
Additionally, the public safety drone market, currently valued at USD 1.1 billion, is expected to double to USD 2.0 billion by 2028, with a CAGR of 13.0%.
Key Features of the Partnership
- Co-production in the U.S.: DroneAcharya’s ‘Make in India’ drones will be co-produced and branded locally, allowing access to North and South American and European markets.
- Focus on Defense Solutions: The partnership will prioritize the development of defense-grade drone solutions and anti-drone technology applicable to law enforcement, military, agriculture, logistics, and retail sectors.
- Leveraging Expertise: By utilizing ABS’s extensive expertise in defense and security, DroneAcharya plans to cross-sell its innovative drone solutions across these key regions.
This collaboration provides DroneAcharya with a significant opportunity to diversify its revenue streams and capitalize on the growing demand for drone technology in North America and Europe, particularly amid the ongoing restrictions on Chinese products in various nations.
Upcoming Launches and Expansion Plans
DroneAcharya and ABS are set to unveil their first line of drones for law enforcement, agriculture, and defense just in time for the festive season.
The companies will collaborate in the co-design, co-development, and manufacturing processes in Los Angeles, ensuring compliance with U.S. certification standards.
As part of the agreement, DroneAcharya will also explore opportunities to cross-sell ABS products in the Asian market, further enhancing its global presence.
Looking Ahead
This announcement aligns with DroneAcharya’s strategic goal of establishing India as a significant player in the global drone industry.
The partnership is expected to not only generate new revenue streams but also contribute substantially to the company’s financial growth in the coming years.
About DroneAcharya
Founded in 2017, DroneAcharya has quickly made its mark in the drone industry by offering a range of solutions, including multi-sensor surveys, pilot training, and data processing.
The company went public in December 2022 at a listing price of INR 102 per share, significantly higher than its initial issue price of INR 54.
Financially, DroneAcharya has demonstrated robust growth, with operating revenue soaring nearly 90% to INR 35.19 crore for the fiscal year ending March 2024, compared to INR 18.56 crore in FY23.
The company reported a consolidated profit after tax (PAT) of INR 6.2 crore in FY24, nearly doubling from INR 3.42 crore in the previous fiscal year.
