Drone Services Market Projected to Reach $57.8B by 2028.

The drone services market is expected to reach USD 57.8 billion by 2028, growing at a CAGR of 27.7%. The increasing adoption of drone services in various civil and commercial applications is driven by their extended endurance and cost-effectiveness. The integration of advanced technologies like AI, IoT, and cloud computing is expected to further boost demand.

SEALSQ Corp (NASDAQ: LAES) has significantly bolstered its position in the cybersecurity solutions market for drones and satellite telecommunications through strategic partnerships and technological advancements. The company has partnered with leading drone manufacturers Parrot and AgEagle to integrate its NIST FIPS 140-2 Level 3 certified secure elements into their systems. These secure elements are being utilized in Parrot's ANAFI series and AgEagle's eBee VISION UAS for defense and surveillance operations [1].

SEALSQ's technology is designed to provide essential security functions, including cryptographic operations, secure boot sequences, and encrypted communications. This integration is particularly significant for defense applications, which require tamper-resistant hardware and secure authentication. The company's commitment to hardware security represents best practices for high-assurance systems, creating a physical barrier against side-channel attacks while providing a Swiss-based root of trust [1].

SEALSQ's upcoming Quantum-Resistant Secure Chips portfolio, set to launch in 2025, will feature the QS7001 Platform and QVault TPM. This forward-looking R&D initiative addresses the encryption vulnerabilities that quantum computing will create. Additionally, the company is developing a picosatellite constellation through WISeSat AG for secure IoT connectivity, with the next launch scheduled for June 2025 with SpaceX [1].

The drone services market is expected to reach USD 57.8 billion by 2028, growing at a CAGR of 27.7%. This growth is driven by the extended endurance and cost-effectiveness of drones, as well as the increasing adoption of advanced technologies like AI, IoT, and cloud computing [2].

SEALSQ's strategic partnerships with Parrot and AgEagle position it in the growing UAV market, which is projected to reach $38 billion by 2027. The company's integration into AgEagle's eBee VISION platform, designed for intelligence, surveillance, and reconnaissance (ISR) missions, highlights its focus on the premium segment of the drone market where security commands a significant premium [1].

The company's $93 million pipeline over the next three years indicates strong market demand for its specialized solutions. However, SEALSQ faces execution challenges across multiple complex technology domains. To maintain technological leadership, the company will need to sustain R&D investment to preserve its security certification advantages [1].

SEALSQ's expertise in securing drones and satellite telecommunications positions it as a high-potential player within Switzerland's defense sector, known for its neutrality, precision, and technological leadership. The company's initiatives to establish chip design centers in Spain and the United States align with Western government priorities for secure semiconductor supply chains, potentially benefiting from CHIPS Act incentives [1].

References:
[1] https://www.stocktitan.net/news/LAES/sealsq-s-advanced-cybersecurity-solutions-for-drone-and-satellite-wbei8qp67ph4.html
[2] https://www.marketwatch.com/press-release/drone-services-market-2028-global-industry-size-growth-trends-and-forecasts-2028-2028-05-08