Drone Stocks Rise on Report Projecting 28% Market Growth Through 2034

Dow Jones
01/08
 

By Elias Schisgall

 

Drone stocks rose after a report from ResearchAndMarkets projected double-digit growth in the drone-services market through 2034, according to a press release from Market News Updates.

Shares of ZenaTech rose 19% to $3.97, while Safe Pro Group was up 12% to $5.18. Ondas Holdings rose 13% to $13.77. Parazero Technologies rose 0.8% to $1.21, and Airo Group Holdings rose 8.6% to $11.66 in Thursday morning trading.

The report projected that the global drone-services market would grow from $18.58 billion in 2024 to $64.96 billion in 2029 and $225.09 billion in 2034, at a compound annual growth rate of roughly 28%, according to the press release.

North America in 2024 accounted for $7.37 billion, or 40%, of the drone-services market, followed by Western Europe and Asia Pacific, per the release.

Asia Pacific and South America are projected to be the fastest-growing regions, followed by the Middle East and Western Europe, the release said.

 

Write to Elias Schisgall at elias.schisgall@wsj.com

 

(END) Dow Jones Newswires

January 08, 2026 10:52 ET (15:52 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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