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ZenaTech Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033

Mar 27, 2025 - financialpost.com
ZenaTech, Inc., a technology company specializing in AI drones and Drone as a Service (DaaS), has signed a Letter of Intent to acquire its eighth land survey engineering company, marking its second acquisition in Arizona. This move aims to expand ZenaTech's presence in the Southwest and enhance its national DaaS business model, which offers AI drone solutions on a subscription or pay-per-use basis for businesses and government users. The company plans to leverage its drone technology to capture a share of the growing drone survey market, projected to reach $2.5 billion in the U.S. by 2033. ZenaTech's DaaS model provides cost-effective and scalable drone solutions for industries such as construction, agriculture, and infrastructure development, eliminating the need for customers to purchase and maintain drones.

The global drone surveying market is expected to grow significantly, with North America representing 35% of the market by 2033. ZenaTech's drones, equipped with advanced sensors and AI, are designed to improve efficiency and accuracy in land surveys, which are crucial for various projects and legal purposes. The company operates through seven global offices and continues to expand its DaaS model and partner network, offering solutions across sectors like law enforcement, agriculture, and defense. ZenaTech's CEO, Shaun Passley, emphasizes the strategic importance of Arizona for the company's U.S. operations, where a second drone manufacturing facility will be established.

Key takeaways:

  • ZenaTech has signed a Letter of Intent to acquire an eighth land survey engineering company in Arizona, aiming to expand its Drone as a Service (DaaS) business model.
  • The global drone surveying market is expected to grow significantly, reaching over USD $8 billion by 2033, with North America representing 35% of the market.
  • ZenaTech's DaaS model offers businesses and government customers access to drone technology solutions on a subscription or pay-per-use basis, reducing upfront costs and providing convenience.
  • ZenaTech specializes in AI drone, DaaS, enterprise SaaS, and Quantum Computing solutions, with operations in North America, Europe, Taiwan, and UAE.
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