Customized Solutions at Scale
Inova Drone Inc. is a commercial and defense focused unmanned systems design, integration and manufacturing company founded in 2014 in San Diego California. The company excels with rapid development and prototyping of high performance and ruggedized aerial vehicle systems with industry leading flight time and range for mission critical applications. The company is currently creating a family of drones which share a common architecture for military and commercial customers.
Our Home Field Advantage: The drone market is big and getting bigger. Valuation estimates are currently $14B, growing to $43.1B in the next four years with a Compounded Annual Gross Return (CAGR) of 20.5%. However, COVID-19 has already significantly accelerated demand for both general and medical delivery drones, as well as sanitation drones. Moreover, many of the drones currently in use in the US need to be replaced with US-made drones because of suspected embedded spyware within DJI drones manufactured in China. As of March 2020, DJI holds nearly 77% of the US market share, with no other company holding more than 4% of the drone market. DJI sells these systems at substantially reduced costs for obvious reasons, giving birth to a new initiative requiring American made drones in sensitive or critical tasks. Therefore, it is likely we will experience a doubling of the market in the United States each year for the next three years.
