Nigerian drone company Terrahaptix records $2m revenue in its first year as it begins South Africa exportation
- Terrahaptix signs contract with DiggingDeep for drone distribution in South Africa.
- Drones will be used for surveying, mapping, and monitoring hazardous areas in mining.
- The global drone for mining market is projected to reach $103 billion by 2031.
Terrahaptix's strategic move to export drones to South Africa not only highlights the growing importance of drone technology in mining but also positions the company favorably in a competitive market. As the demand for lithium rises with the electric vehicle boom, Terrahaptix's local sourcing strategy and competitive pricing could provide significant advantages. However, the company must remain vigilant against established competitors in the region and globally.
