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Tethered Drones Market size is set to grow by USD 24.9 million from 2024-2028, Growing demand for drones in telecommunications to boost the market growth, Technavio

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NEW YORK, July 1, 2024 /PRNewswire/ — The global tethered drones market size is estimated to grow by USD 24.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.18% during the forecast period. Growing demand for drones in telecommunications is driving market growth, with a trend towards emergence of miniaturized eo/ir systems. However, inadequately trained drone pilots poses a challenge. Key market players include AeroVironment Inc., COMSovereign Holding Corp., Dragonfly Pictures Inc., Elistair Sas, Exail Technologies, Flyfocus sp. Z o.o, Hoverfly Technology Inc., Menet Aero LLC., Mistral Solutions Pvt. Ltd., Novadem, Perspective Robotics AG, Sky Drones Technologies Ltd., Sky Sapience Ltd., Skyshot Pte Ltd, Spooky Action Inc., Teledyne Technologies Inc., UAVTEK Ltd., Volarious, Yuneec International Co. Ltd., and Zenith Aerotech.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Defense, Telecommunication, and Inspection and others), Type (Multi-copter and Quadcopter), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

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

Key companies profiled

AeroVironment Inc., COMSovereign Holding Corp., Dragonfly Pictures Inc., Elistair Sas, Exail Technologies, Flyfocus sp. Z o.o, Hoverfly Technology Inc., Menet Aero LLC., Mistral Solutions Pvt. Ltd., Novadem, Perspective Robotics AG, Sky Drones Technologies Ltd., Sky Sapience Ltd., Skyshot Pte Ltd, Spooky Action Inc., Teledyne Technologies Inc., UAVTEK Ltd., Volarious, Yuneec International Co. Ltd., and Zenith Aerotech

Key Market Trends Fueling Growth

Tethered drones are gaining popularity in various industries due to their ability to carry advanced payload systems, thanks to the development of miniaturized EO/IR payloads and COTS technologies. These enhancements have led to the procurement of small UAVs by defense and commercial operators, offering tactical advantages on the battlefield. Infrared sensor technology is also advancing, with a focus on improving resolution and reducing size for unmanned vehicles. The integration of more advanced computing systems further expands the capabilities of tethered drones, driving market growth during the forecast period. 

The Tethered Drones market is experiencing significant growth, driven by the increasing demand for real-time data collection and transmission. End-users in various industries such as security, inspection, and media are adopting tethered drones due to their extended flight time and improved stability. The use of advanced technologies like EVOLUTION and ANTENNA in tethered drones enhances their capabilities, enabling them to cover larger areas and provide clearer images. The integration of Artificial Intelligence and machine learning algorithms further enhances their functionality. The market is expected to continue its upward trend, with companies focusing on developing more efficient and cost-effective tethered drone solutions. 

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

Market Challenges

The tethered drones market faces a significant challenge due to the shortage of trained pilots. Improper handling can lead to safety and privacy concerns, making rigorous training mandatory for drone operation. The training process is costly and time-consuming, deterring many potential candidates. Defense agencies have yet to establish clear career paths for drone operators, further limiting the talent pool. Despite the critical role tethered drones play in monitoring and cleaning, the shortage may hinder market growth during the forecast period.The Tethered Drones Market faces several challenges. One major challenge is the need for constant power supply, as tethered drones require a connection to a power source. Another challenge is the complexity of the technology, which requires specialized knowledge and expertise to operate effectively. Additionally, the cost of tethered drones can be high, making them less accessible to smaller businesses and organizations. Furthermore, the regulation of tethered drones is an ongoing issue, with various governments implementing different rules and restrictions. Lastly, the market is competitive, with numerous players vying for market share. Despite these challenges, the Tethered Drones Market continues to grow, driven by the demand for advanced aerial surveillance and data collection solutions.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This tethered drones market report extensively covers market segmentation by

End-user 1.1 Defense1.2 Telecommunication1.3 Inspection and othersType 2.1 Multi-copter2.2 QuadcopterGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Defense- Tethered drones have become essential tools in the defense sector due to their extended surveillance capabilities and easy deployment. Major drone operators, such as the US Army, have increased their adoption to optimize ISR missions. Companies like ours offer reliable tethered platforms, such as the WATT ETAP, with secure communications, uninterrupted power supply, and advanced sensors. Border patrol units also benefit from tethered drones, providing persistent surveillance and real-time information sharing. The global tethered drones market is expected to grow significantly due to increasing defense demands.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Tethered Drones Market encompasses the use of unmanned aerial vehicles (UAVs) that remain connected to a ground control station via a tether. These drones are integral to various industries, including carrier networks for radio planning and line-of-sight testing during antenna installation. In the realm of first responders and disaster recovery, tethered drones offer advantages in terms of data transmission, connection, and infrastructure inspection. Ad hoc networks enable seamless communication between these drones for applications such as crop monitoring in precision agriculture, surveillance, monitoring, data collection, and security. Reconnaissance missions, event monitoring, and cargo capacity are additional benefits. Tethered drones’ data transmission capabilities are further enhanced by artificial intelligence (AI) and machine learning algorithms. Infrared cameras expand their functionality for various applications, including surveillance and infrastructure inspection.

Market Research Overview

The Tethered Drones Market refers to the use of unmanned aerial vehicles (UAVs) that are connected to a ground control station via a tether. This technology offers several advantages, including extended flight time, improved payload capacity, and real-time data transmission. Tethered drones find extensive applications in various industries such as oil and gas, telecommunications, security, and surveying. The market is driven by factors like increasing demand for high-resolution imaging and mapping, growing need for real-time data collection, and technological advancements in tethered drone systems. Additionally, regulatory frameworks and safety concerns are significant factors influencing the market’s growth. Overall, the Tethered Drones Market is poised for significant growth due to its numerous benefits and applications across diverse sectors.

 Learn and explore more about Technavio’s in-depth research reports

The global maritime surveillance market is witnessing significant growth driven by the rising need for enhanced maritime safety and security. Concurrently, the commercial aircraft cabin interiors market is booming, propelled by increasing air travel and demand for passenger comfort. In tandem, the aerospace insurance market is expanding, reflecting the escalating risks and complexities in aerospace operations. These trends underscore the dynamic nature of the aviation and maritime sectors, presenting substantial opportunities for market players to innovate and address evolving customer needs.

Table of Contents:

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

End-userDefenseTelecommunicationInspection And OthersTypeMulti-copterQuadcopterGeographyNorth AmericaEuropeAPACMiddle 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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On World Cleanup Day 2024, VIAIM’s Newly Launched Service Upgrade Provides Added Multilingual Support and Commitment to Environmental Goals, Helping to Shape a More Sustainable Future

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — VIAIM,  an AI technology hardware company deeply rooted in the smart office sector, is marking the inaugural World Cleanup Day 2024, which falls on September 20, with the official launch of a service package upgrade, reinforcing its dedication to both innovation and environmental responsibility.

This upgrade introduces Malay and Thai language support, expanding the total number of supported languages from 11 to 13. With these additions, VIAIM is taking another step towards making seamless cross-cultural communication more accessible, especially for users across Southeast Asia. At the same time, the Company continues to align its operations with sustainability efforts, lowering the usage threshold for customers and offering environmentally friendly solutions that contribute to a greener planet.

As part of VIAIM’s latest service package upgrade, users enjoy enhanced features designed to make their work and daily lives more efficient. These include free transcription and translation time, along with increased access to To-do List and Summary functions, providing customers with more comprehensive functionality at no additional cost.

These upgrades not only reflect the brand’s core philosophy of “user-first”, but also emphasize VIAIM’s commitment to continuously enhancing user experiences. Now, users can manage tasks more effectively, saving time and reducing the need for additional services, making their workflow more streamlined and productive.

Beyond product and service innovations, VIAIM remains committed to its environmental goals, aligning with global best practices in environmental, social, and governance (ESG) initiatives. VIAIM believes that, just as its users seek to improve their daily lives through technology, the company must contribute to a better world for future generations.

VIAIM is fully committed to environmental protection and sustainable development through its use of molded pulp, an environmentally friendly material for packaging while maintaining a laser focus on technology upgrades that reflect its customer-centric philosophy. The company utilizes molded pulp, an eco-friendly packaging material, to minimize environmental impact, while its smart office solutions contributes to a paperless workplace, further reducing waste. This dual focus on customer convenience and sustainability enhances the overall value that VIAIM delivers to its global customer base.

“Innovation serves as a breakthrough in technology and is also a cornerstone of environmental and social responsibility,” said TOM, Product Manager of VIAIM. “With our latest service upgrades, we not only improve the user experience but also make it easier for our customers to participate in sustainable practices. By embracing these advancements, users can contribute to environmental preservation, while enjoying the benefits of advanced cross-language support and smarter office tools. VIAIM’s mission is to bridge technological innovation with social responsibility, inviting our customers to join us in creating a brighter, more sustainable future.”

About VIAIM

VIAIM is an innovative technology company in the consumer-goods sector. With a focus on versatile, multimodal interactions, we strive to provide effective solutions that meet users’ specific needs. By harnessing state-of-the-art technology, we bring our visionary ideals to life, helping people embrace the incredible possibilities the Company offers.

CONTACT:
Qian Wang
wangqian@vision-intelligence.tech

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SOURCE VIAIM

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G42 Collaborates with NVIDIA to Deliver Next-Generation Climate Solutions Using Earth-2

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ABU DHABI, UAE, Sept. 20, 2024 /PRNewswire/ — G42, a leader in AI and cloud computing, today announced that it is partnering with NVIDIA to advance climate technology with a focus on developing AI solutions aimed at dramatically enhancing the accuracy of weather forecasting globally.

The collaboration builds on NVIDIA’s Earth-2, an open platform that accelerates climate and weather predictions with interactive, AI-augmented, high-resolution simulation. G42 and NVIDIA will initially focus on a square-kilometer resolution weather forecasting model that improves the accuracy of meteorological predictions.

Key to this initiative is the establishment of a new operational base and Climate Tech Lab in Abu Dhabi. This state-of-the-art facility will serve as a hub for research and development, driving forward both companies’ commitment to environmental sustainability. This facility will also mobilize the creation of tailored climate and weather solutions that leverage over 100 petabytes of geophysical data assets.

Peng Xiao, Group CEO of G42, said, “This initiative with NVIDIA is a testament to our commitment to applying AI in ways that not only innovate but also solve critical global challenges. Establishing the Earth-2 Climate Tech Lab in Abu Dhabi allows us to leverage our unique capabilities and insights to foster a sustainable future for the world.”

In addition to fostering innovation in climate technology, the initiative will focus on building a robust framework for integrating enhanced weather prediction capabilities with comprehensive data metrics and visualization. This will assist organizations worldwide in achieving their sustainability goals through well-informed, data-driven environmental strategies.

“Our collaboration with G42 marks a pivotal step toward harnessing AI to understand and predict climate phenomena with unprecedented accuracy,” said Jensen Huang, founder and CEO of NVIDIA. “The Earth-2 Climate Tech Lab will propel environmental solutions using the most advanced accelerated computing and AI technology to benefit millions of people around the world.”

By uniting G42’s AI expertise with NVIDIA’s computational acumen, this partnership aims to deliver transformative climate solutions that combine scientific accuracy with real-world applicability, driving impactful change across industries and ecosystems.

About G42

G42 is a technology holding group, a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today.
To know more visit www.g42.ai.

Media contacts
Media and PR Team, G42
media@g42.ai

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Kawasaki and CB&I Sign Strategic Collaborative Agreement for Promoting Commercial-Use Liquefied Hydrogen Supply Chain

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HOUSTON, Sept. 19, 2024 /PRNewswire/ — Kawasaki Heavy Industries, Ltd. (Kawasaki) and CB&I, a wholly owned unrestricted subsidiary of McDermott, announced today their signing of a strategic agreement for promoting a commercial-use liquefied hydrogen (LH2) supply chain and realizing a zero-carbon-emission society. The signing ceremony took place at Gastech Exhibition & Conference in Houston on September 18, 2024.

“We are very pleased for this opportunity to build and launch a commercial liquefied hydrogen supply chain in cooperation with CB&I,” said Motohiko Nishimura, President, Energy Solutions & Marine Engineering Company, Kawasaki Heavy Industries, Ltd. “By taking advantage of both companies’ strengths and specialized know-how, we aim to cost down hydrogen, strengthen hydrogen supply chain competitiveness, and accelerate the transition to a zero-carbon society.”

Both companies will use their specialized know-how to provide infrastructure that will enable commercial-scale international LH2 supply chains in order to help achieve carbon-neutrality. By leveraging our combined expertise to deliver large-scale LH2 infrastructure solutions, CB&I and Kawasaki are removing barriers, driving down costs and enhancing scalability across the entire supply chain.

“This strategic partnership represents a significant advancement in liquid hydrogen storage capabilities,” said Mark Butts, Senior Vice President of CB&I. “Our technical expertise and extensive experience in liquid hydrogen storage position us at the forefront of the energy transition, delivering reliable storage solutions and executing projects worldwide with proven success.”

Under this agreement, the companies will provide infrastructure to advance the global realization of a sustainable energy economy and meet decarbonization targets. This collaboration will reduce LH2 infrastructure costs and contribute to more widespread use of this clean and efficient energy source.

About CB&I
CB&I is the world’s leading designer and builder of storage facilities, tanks, and terminals. With more than 60,000 structures completed throughout its 130-year history, CB&I has the global expertise and strategically located operations to provide its customers world-class storage solutions for even the most complex energy infrastructure projects. CB&I is a wholly owned unrestricted subsidiary of McDermott. To learn more, visit www.cbi.com.

About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott’s innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

About Kawasaki Heavy Industries, Ltd.
Kawasaki Heavy Industries, Ltd. is general engineering manufacturer with over 125 years of experience manufacturing products spanning land, sea and air. Kawasaki established the Kawasaki Group’s new vision statement, “Group Vision 2030: Trustworthy Solutions for the Future,” and is focusing on three fields, “A Safe and Secure Remotely-Connected Society,” “Near-Future Mobility,” and “Energy and Environmental Solutions” in order to provide solutions for social issues. For “Energy and Environmental Solutions” in particular, by securing the technology necessary for the entire supply chain (for production, transportation, storage and utilization) ahead of the rest of the world, Kawasaki aims to bring about a society that utilizes hydrogen, the ultimate clean energy that emits no carbon dioxide when used. To learn more, visit https://global.kawasaki.com/en.

Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected benefits from the collaboration agreement discussed in this press release.  Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott’s management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

For media inquiries, please use the contact information below:

Reba Reid
Global Media Relations
+1 281 588 5636
RReid@McDermott.com

Kristi Krupala-Grove
CB&I Media Relations
+1 346 313 9636
KKrupala2@mcdermott.com

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SOURCE McDermott International, Ltd

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