ParaZero Drone Safety Systems Revenue and Competitors

ParaZero specializes in the design and manufacturing of autonomous commercial drone safety systems. The company's unique technology enables parachute deployment in fractions of a second using customized pyrotechnic devices that actively deploy the parachute to its full formation. The patented technology created a new benchmark in low altitude parachute deployments with effective parachute deployment with minimal altitude loss. Parazero's SafeAir™ system independently monitors the flight operation of the drone with the SmartAir™ control system, which in case of drone failure in flight, triggers a patented ballistic parachute to provide a controlled descent rate, warns bystanders and transmits the issue to the UTM (Unmanned Traffic System) under development by NASA. The SmartAir™ system records flight data for statistical analysis and black box reporting. With millions of commercial drones predicted, civil aviation authorities such as FAA and EASA, will require risk mitigation systems for commercial drones to achieve the needed ‘fully autonomous' capability with multiple drones operating in the same area and over populous areas - enter Parazero's SafeAir™ system. This Virtual Safety Net is designed to meet International Aviation Reliability Standards, while addressing growing market needs, bringing smart technology and providing a complete safety solution for aerial and ground challenges. Parazero has supplied over 1,000 systems to date ranging from applications from 2kg to 350kg drones for global customers across the US, Japan, France, Israel, New Zealand and China.