- ZenaDrone, a subsidiary of ZenaTech (NASDAQ: ZENA), receives FAA Part 137 approval for agricultural drone operations.
- The global agricultural drone market is expected to surge from $6.1 billion in 2024 to $23.78 billion by 2032, growing at an 18.5% CAGR.
- ZenaTech plans to introduce the ZenaDrone 1000 initially in the US, followed by Ireland.
ZenaTech, Inc. (NASDAQ: ZENA) has announced that its subsidiary, ZenaDrone, obtained the Federal Aviation Administration (FAA) Part 137 approval. This certification is a critical milestone, allowing ZenaDrone to legally engage in commercial agricultural operations, including the aerial application of pesticides, herbicides, fertilizers, and seeds in the United States.
The ZenaDrone 1000, a VTOL (Vertical Takeoff and Landing) quadcopter, is equipped with eight rotors and can carry up to 40 kilograms. This capability makes it well-suited for diverse agricultural applications, offering precision and cost-effectiveness over traditional farming methods. ZenaTech's strategic deployment will begin in the US, with plans to expand into the Irish market soon afterwards.
The company's approach integrates a Drone as a Service (DaaS) model, providing scalable solutions for agricultural clients. This model allows customers to access ZenaDrone 1000’s capabilities through a subscription or pay-per-use basis, eliminating the need for significant capital investments in equipment.
The global agricultural drone market is projected for substantial growth, from $6.1 billion in 2024 to an impressive $23.78 billion by 2032, reflecting a compound annual growth rate (CAGR) of 18.5%. The expansion is driven by the increasing adoption of precision agriculture, advancements in drone technology, and supportive government policies.
ZenaTech's dual revenue strategy, combining direct sales and service-based models, aims to capture varying market needs, from smaller operations that benefit from operational expenses to larger farms capable of equipment purchases. This versatility positions ZenaTech to capitalize effectively on the growing agricultural drone market.
