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Military Drone Market size is set to grow by USD 8.50 billion from 2024-2028, Recent developments in military drones boost the market, Technavio

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NEW YORK, June 10, 2024 /PRNewswire/ — The global military drone market size is estimated to grow by USD 8.50 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  12.21%  during the forecast period. Recent developments in military drones is driving market growth, with a trend towards development of long-range spy combat drone. However, rapid development of anti-drone technology  poses a challenge. Key market players include AeroVironment Inc., Airbus SE, Anduril Industries Inc., Animal Dynamics Ltd., Asteria Aerospace Ltd., BAE Systems Plc, EDGE Group PJSC, Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., RTX Corp., Red Cat Holdings Inc., Saab AB, Shield AI, Teledyne Technologies Inc., Textron Inc., Thales Group, and The Boeing Co..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Military Drone Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.21%

Market growth 2024-2028

USD 8507.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.66

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 35%

Key countries

US, China, UK, India, and Turkey

Key companies profiled

AeroVironment Inc., Airbus SE, Anduril Industries Inc., Animal Dynamics Ltd., Asteria Aerospace Ltd., BAE Systems Plc, EDGE Group PJSC, Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., RTX Corp., Red Cat Holdings Inc., Saab AB, Shield AI, Teledyne Technologies Inc., Textron Inc., Thales Group, and The Boeing Co.

Market Driver

The military drone market is experiencing significant growth due to the increasing use of UAVs in countermeasure operations. These unmanned aerial platforms are being equipped with advanced technology, including weapons and surveillance systems. China is a leading nation in UCAV development, investing heavily in R&D for military drones capable of long-range strikes.

The CH-5 drone, for instance, offers joint strike capabilities, allowing easy integration with existing military drone inventories. China has received export licenses for its CH-5 reconnaissance and combat drones and is seeking manufacturing licenses in other countries. These developments are expected to drive market growth during the forecast period. 

The Military Drone market is experiencing significant growth, driven by advanced technology and defense needs. Systems such as Predator and Reaper drones are in high demand for surveillance and targeting operations. The use of drones for defense is expanding, with applications in border security, intelligence gathering, and combat missions.

The Systems are equipped with features like fixed wings, long endurance, and advanced sensors. Elbit and Vehlice are key players in this market, offering innovative solutions. Defense budgets continue to fund research and development, ensuring the market’s continued growth. The trend towards autonomous and unmanned systems is also driving demand. The market is expected to grow steadily, with increasing demand from various defense forces worldwide. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global military drone market is facing challenges due to advancements in anti-drone technology. Nations are developing defensive mechanisms to counteract drones used by other countries. Boeing’s 10 kW anti-drone laser cannon is an example, with plans to increase power to 60 kW.Modern lasers and lithium-ion battery technology are boosting energy storage and power density for defensive purposes. Russia is developing electromagnetic technology to disrupt drone electronics and communication. These developments may hinder the growth of the military drone market.The Military Drone Market faces several challenges in its development. One major challenge is the increasing need for advanced technology and security features to ensure the drones are not hacked or compromised. Another challenge is the regulatory environment, with various countries having different rules and regulations regarding the use of military drones.Additionally, there is a growing concern over privacy issues and the potential misuse of military drones. Furthermore, the high cost of developing and maintaining military drones is a significant challenge for many organizations. Lastly, the rapid advancement of technology means that companies must continuously innovate to stay competitive in the market.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Type 1.1 Rotary Blade1.2 Fixed Wing1.3 HybridTechnology 2.1 Remotely operated2.2 Semi-autonomous2.3 AutonomousGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Rotary Blade-  The rotary blade segment plays a significant role in the military drone market. This technology enables drones to lift off, hover, and adjust altitude, enhancing maneuverability and versatility. Rotary blades increase payload capacity, allowing drones to carry heavier equipment for various tasks, including reconnaissance, surveillance, and combat. Their unique composite material composition ensures durability and stealth, enabling clandestine operations and remote control. These advantages contribute to the growth of the rotary blade segment in the military drone market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Military Drone Market encompasses the design, production, and deployment of unmanned aerial vehicles (UAVs) for military applications. These drones play a crucial role in battlefield surveillance during asymmetric warfare, providing extended endurance for monitoring and reconnaissance. Military UAVs are employed for various purposes, including surveillance, mapping, and transportation.

They are integral to defense expenditure and have become increasingly important in combat operations. The integration of Artificial Intelligence (AI) in military drones enhances their capabilities, enabling advanced monitoring and response to hacking attempts. Military drones, such as MQ-1 Predator, contribute significantly to state policies by providing valuable insights and intelligence. The market for military drones continues to grow, driven by the increasing demand for advanced surveillance and reconnaissance capabilities.

Market Research Overview

The Military Drone Market is a significant and growing sector in the global defense industry. These unmanned aerial vehicles (UAVs) play a crucial role in military operations, providing real-time intelligence, surveillance, and reconnaissance (ISR). Drones are equipped with advanced technologies such as high-definition cameras, thermal imaging sensors, and communication systems.

They are used for various applications, including border security, disaster management, and tactical support. The market for military drones is driven by factors such as increasing defense budgets, technological advancements, and the need for enhanced security. The market is segmented based on types of drones, applications, and regions. The future of military drones looks promising, with continued innovation and development in the field.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeRotary BladeFixed WingHybridTechnologyRemotely OperatedSemi-autonomousAutonomousGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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KNEX Technology CTO Gustavo Gonzalez Elected 2025 President-Elect of OATUG

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Gustavo Gonzalez, KNEX Technology’s CTO, has been elected 2025 President-Elect of OATUG, emphasizing his dedication to Oracle innovation, collaboration, and leadership, including Ascend 2025’s strategic initiatives.

IRVINE, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — KNEX Technology, a leading Oracle Cloud solutions provider, is proud to announce that its Chief Technology Officer, Gustavo Gonzalez, has been elected as the 2025 President-Elect of the Oracle Applications & Technology Users Group (OATUG). This esteemed appointment highlights Gonzalez’s longstanding commitment to advancing innovation and collaboration within the Oracle community.

OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career. As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.

In his new role, Gonzalez will work closely with the OATUG leadership team throughout 2025, preparing to serve as OATUG President in 2026. He will focus on empowering Oracle professionals worldwide by fostering knowledge-sharing, community engagement, and professional development. OATUG, a globally recognized organization, supports its members in overcoming challenges, enhancing the value of Oracle solutions, and driving organizational success.

“OATUG has played a pivotal role in my professional growth, and it is a privilege to contribute to this community which has enriched my career,” said Gustavo Gonzalez. “As President-Elect, I look forward to collaborating with my peers to strengthen the Oracle user community and further its impact on businesses worldwide.”

Gonzalez’s election underscores his dedication to giving back to the Oracle ecosystem. A key focus of his role will include shaping OATUG’s strategic initiatives, such as the annual Ascend Conference, which unites Oracle users, thought leaders, and technology innovators for unparalleled learning and networking opportunities.

The upcoming Ascend 2025 Conference, scheduled for June 8–11 in Orlando, Florida, promises to build on the success of the 2024 event, which attracted more than 1,800 attendees. With early bird registration now open, Gonzalez aims to ensure the conference continues to deliver transformative insights and experiences for the Oracle community.

About OATUG

The Oracle Applications & Technology Users Group (OATUG) is the premier global organization for Oracle users, providing year-round education, networking, and advocacy. OATUG empowers its members to unlock the full potential of Oracle solutions, fostering innovation and collaboration across industries.

About KNEX Technology

KNEX Technology is a trusted leader in Oracle Cloud solutions, delivering cutting-edge products and services to help businesses achieve their objectives. Through its innovative approach and customer-focused strategies, KNEX enables organizations to navigate the complexities of today’s technology landscape. For more information, visit www.knextech.com.

Media Contact

Husna Gyasi, KNEX Technology, 1 (949) 232-0786, husna.ghayaisi@knextech.com, https://knextech.com/

Twitter, LinkedIn

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SOURCE KNEX Technology

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Dr. Gerard van Belle Appointed Director of Science at Lowell Observatory, Charting a Bold Future for Research

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Dr. van Belle to guide scientific exploration and foster innovation in the next era of astronomical research

FLAGSTAFF, Ariz., Jan. 10, 2025 /PRNewswire/ — Lowell Observatory is pleased to announce the appointment of Dr. Gerard van Belle as the new Director of Science. Van Belle, who has been an astronomer at the observatory since 2011, has been serving as the interim Director of Science.

In his new role, van Belle will lead a diverse team of astronomers and planetary scientists. He will spearhead the observatory’s new Science Vision, which focuses on advancing research capabilities and implementing cutting-edge technological improvements supporting Lowell’s leadership in astronomical research.

Under his leadership, the science department will continue to advance Lowell Observatory’s mission to pursue the study of astronomy, including the study of our solar system and its evolution, and to conduct pure research in astrophysical phenomena.

Van Belle’s own research focuses on fundamental stellar parameters, including the sizes, shapes, masses, distances, and temperatures of various types of stars. He is also renowned for his expertise in optical and near-infrared astronomical interferometry.

He earned his bachelor’s degree in physics from Whitman College in 1990, followed by a master’s degree from The Johns Hopkins University in 1993, and a Ph.D. in physics from the University of Wyoming in 1996.

Throughout his career, van Belle has been instrumental in the development and commissioning of major optical interferometers worldwide, including the Palomar Testbed Interferometer, the Keck Interferometer, and the Very Large Telescope Interferometer. His pioneering work in stellar surface imaging earned him the inaugural Edward Stone Award for Outstanding Research Publication at NASA’s Jet Propulsion Laboratory in 2002.

In 2011, van Belle joined Lowell Observatory’s science staff, where he applied high-resolution astronomical techniques to detect nearby exoplanets and map stellar surfaces. He served as the Director of the Navy Precision Optical Interferometer (NPOI) in Flagstaff, Arizona, from 2017 to 2018, and subsequently as its Chief Scientist until 2022.

Notably, van Belle was among the astronomers who voted against the definition of ‘planet’ advanced during the 2006 International Astronomical Union (IAU) conference in Prague, which relegated Pluto to being a ‘dwarf planet’ (which according to the IAU resolution is not a planet).

His extensive experience and dedication to advancing astronomical research make him a valuable leader for Lowell Observatory’s scientific endeavors.

“I am honored to take on this role at such a pivotal time for Lowell Observatory,” said van Belle. “Our Science Vision will guide us in exploring new frontiers in astronomy while strengthening our commitment to public engagement and education.”

Executive Director Dr. Amanda Bosh expressed her confidence in van Belle’s leadership: “Gerard’s extensive experience and dedication to our mission make him the ideal person to lead our scientific endeavors. I look forward to working closely with him as we embark on this exciting new chapter for Lowell Observatory.”

For more information about Lowell Observatory’s research and public programs, visit lowell.edu.

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts more than 100,000 visitors annually for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

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SOURCE Lowell Observatory

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ALTICE USA IS ABANDONING LOCAL SPORTS FANS AND IS KEEPING MSG NETWORKS AND ITS KNICKS, RANGERS, ISLANDERS AND DEVILS COVERAGE OFF THE AIR

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — MSG Networks released the following statement about their dispute with Altice USA:

“Altice USA has pulled their last proposal and walked away from negotiations to bring MSG Networks back to its Optimum subscribers. They also just dropped WPIX Channel 11 in New York and other local stations around the country. If you have been waiting, like we have, for them to do right by their customers – don’t wait any longer. Now is the time to switch to Verizon Fios who has a special offer for Optimum subscribers. Meanwhile, Optimum has been charging their over 1 million customers for local sports programming they have not been receiving and EVERY subscriber should be credited at least $10 a month.

Verizon Fios is ready to take your business. If you are not in Verizon Fios area, you can get games through these other providers DirecTV, DirecTV Stream, Fubo and The Gotham Sports App. For more options on how to switch providers, visit www.keepMSG.com.”

About MSG Networks

MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming offering (included in the Gotham Sports App), that serve the nation’s number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR).

Contact:

Dan Schoenberg (dan.schoenberg@msg.com)

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SOURCE Sphere Entertainment Co.

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