ParaZero Technologies Ltd. Ordinary Shares
PRZOParaZero Technologies Ltd. is a company specializing in safety systems for unmanned aerial vehicles (UAVs) and drones. It develops and provides autonomous safety solutions that enable routine and commercial drone operations by incorporating fail-safe and emergency systems designed to prevent accidents and ensure safe landings. The company's technology is aimed at enhancing the safety, reliability, and regulatory compliance of drone flights across various industries.
Company News
The U.S. Drone-as-a-Service market is projected to grow from $6.3 billion in 2024 to $8.2 billion in 2026, driven by AI, automation, and demand from agriculture, construction, and logistics sectors. The global drone services market is expected to reach $64.96 billion by 2029 and $225.09 billion by 2034. Key growth drivers include precision agricu...
The global Drone-as-a-Service (DaaS) market is projected to grow from $6.3 billion in 2024 to $27.3 billion by 2033, with a CAGR of 18.1%. DaaS offers scalable aerial drone services across industries like construction, real estate, and public safety, enabling businesses to access advanced drone solutions without technical expertise.
The military drone market is experiencing significant growth, with global market value expected to reach $51.56 billion by 2032. Companies are expanding production capabilities and developing advanced drone technologies for defense and military applications.
The global drone land surveying market is projected to grow from $761.1 million in 2023 to $6.59 billion by 2033, with a 24.1% CAGR. Drone surveying services are increasingly demanded across sectors like agriculture, energy, construction, and infrastructure development.
ParaZero Technologies, an aerospace company focused on safety systems for commercial drones, has regained compliance with Nasdaq's minimum bid price requirement and demonstrated 50 successful DropAir parachute deployments.
