Amazon.com Inc's (NASDAQ: AMZN) recent announcement about teaming up with Malaysia-based startup Aerodyne opens up a $15 billion opportunity window for the company.
Aerodyne ranked first among the top 40 remote sensing companies in the world last year by German market research company, Drone Industry Insights. Accordingly, the world's No. 1 drone solutions provider will now run its DRONOS software as a service (SaaS) platform on Amazon's cloud computing services company, Amazon Web Services (AWS).
Aerodyne currently operates drone solutions for telecommunications, agriculture, surveillance, logistics, and energy industries across 45 countries. It's DRONOS platform optimizes operations, drives efficiencies, and conducts aerial inspections.
Farmers are increasingly using drones to collect operational data from towers, grids, and fields.
The Food Security Update 2023 published by the World Bank indicates that food insecurity is increasing globally. Improved data analytics for crops and soil is one of the more promising solutions being put forth; this is also connected to the growth in data collection using drone technology.
Grand View Research analysts are projecting the drone data services market to reach $15 billion by 2030. That's a 39% CAGR from 2023.
Amazon is already committed to integrating robotics into its operations, focusing on drone deliveries and warehouse automation. With the Aerodyne collaboration, it would also be tapping into the drone space from the analytics angle.