Terrahaptix, a Nigerian drone manufacturer, is set to export drones to South Africa, targeting the mining sector. The company has finalised an exclusive deal with DiggingDeep, a firm dedicated to connecting African mining operations with suppliers, to provide its drones to local mining businesses.

These drones will be used for various applications such as surveying mining locations, inspecting equipment, and monitoring unsafe areas, which helps reduce worker exposure to hazards. Additionally, they will play a role in identifying mineral deposits and keeping track of environmental conditions like air and water quality.

The mining drone market is skyrocketing, with 65% of mines globally employing drone technologies, up from 44% reported in 2018. Expectations suggest the industry could grow from $31.4 billion to $103 billion by 2031.

South Africa will be the fifth African nation to utilise Terrahaptix drones, following Congo, Ghana, Kenya, and Côte d’Ivoire. The company has noted that international sales, now a significant portion of its business, are on the rise, aiming to lead the African drone market within five years. Nathan Nwachukwu, the company’s founder, stated, “This is going to help us solidify our position as a drone leader on the continent.”

Having already exceeded its initial $1.6 million revenue target, Terrahaptix is projected to exceed $2 million in its first year. With the anticipated mining renaissance in Africa and the increasing demand for lithium for electric vehicles, drone demand is expected to rise by late 2024.

With 80% of drone materials sourced locally, Terrahaptix is equipped to expand beyond Africa in the near future.

The article discusses Terrahaptix’s strategic move to supply drones to the South African mining industry, underlining the growing global trend of adopting drone technology in mining. By partnering with DiggingDeep, Terrahaptix aims to enhance efficiency in the mining sector while tapping into a lucrative market that is rapidly expanding. South Africa’s inclusion reflects Terrahaptix’s ambition to become a dominant player in the African drone market, leveraging local sourcing and an increasing international demand for its products.

Terrahaptix is poised to make significant inroads into the South African mining sector with its drone technology, bolstered by a strategic partnership and a fast-growing market. As the demand for drones in mining continues to surge, the company’s focus on local materials and competitive pricing positions it for future success across Africa and beyond. With impressive revenue growth and plans for international expansion, Terrahaptix is on track to solidify its leadership in the continent’s drone industry.

Original Source: newscentral.africa

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