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Unmanned Combat Aerial Vehicle (UCAV) Market size is set to grow by USD 1.39 billion from 2024-2028, Growing export demand from smaller economies to boost the market growth, Technavio

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NEW YORK, Aug. 7, 2024 /PRNewswire/ — The global unmanned combat aerial vehicle (UCAV) market  size is estimated to grow by USD 1.39 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 8.09%  during the forecast period. Growing export demand from smaller economies 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 Aeronautical Systems Inc., AeroVironment Inc., BAE Systems Plc, Baykar Tech, Bluebird Aero Systems, C Astral d.o.o., China Aerospace Science and Technology Corp., Dassault Aviation SA, Denel Dynamics, Edge Autonomy, Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Kratos Defense and Security Solutions Inc., Lockheed Martin Corp., Northrop Grumman Corp., Parrot Drones SAS, Skyeton, Textron Inc., The Boeing Co., and Ukrspecsystems.

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

Type (Medium-altitutde UCAV and High-altitude UCAV), Platform (Defense and government and Civil and commercial), 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

Aeronautical Systems Inc., AeroVironment Inc., BAE Systems Plc, Baykar Tech, Bluebird Aero Systems, C Astral d.o.o., China Aerospace Science and Technology Corp., Dassault Aviation SA, Denel Dynamics, Edge Autonomy, Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Kratos Defense and Security Solutions Inc., Lockheed Martin Corp., Northrop Grumman Corp., Parrot Drones SAS, Skyeton, Textron Inc., The Boeing Co., and Ukrspecsystems

Key Market Trends Fueling Growth

Unmanned Combat Aerial Vehicles (UCAVs) have become essential tools for national security, with their use expanding beyond surveillance and reconnaissance to include weapon systems. Military electronics industry advancements have enabled the integration of weapons and advanced command, control, communication, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems into UCAVs. China is a leading nation in UCAV development, investing heavily in research and development (R&D) due to territorial disputes. The CH-5 UCAV, capable of joint strikes, is a prime example. Its compatibility with previous CH-3 and CH-4 models allows for seamless integration into military drone inventories. China has obtained export licenses for CH-5 reconnaissance and combat drones and is seeking manufacturing authorization in other countries. These developments are expected to drive the global UCAV market growth during the forecast period. 

The Unmanned Combat Aerial Vehicle (UCAV) market is experiencing significant growth due to increasing military expenditure and the adoption of UCAVs for various applications. Fixed-wing and rotary-wing UCAVs operate at different altitudes, with fixed-wing UCAVs reaching higher altitudes for better surveillance and reconnaissance. Companies like General Atomics lead the market with their Predator UCAVs. Military applications include ground force support, surveillance, and reconnaissance. UCAVs are used by defense organizations for construction and mining site monitoring, law enforcement agencies for border patrol, and regulations enforcement. UCAVs come in various designs such as delta-wing and complex delta-wing, capable of supersonic speeds. They are equipped with missiles, ATGMs, and bombs, making them effective combat drones. Machine learning and artificial intelligence are being integrated into UCAVs for autonomy and real-time controlling. The market is segmented into hardware and components, with investments in areas like real-time maps, RF, and SATCOM communications. Regulations regarding UCAV usage are evolving, and human pilots continue to control UCAVs remotely, but autonomy is becoming more prevalent. UCAVs are essential tools for patrolling and reconnaissance, and their use is expanding in various industries. 

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Market Challenges

In the rapidly evolving world of Unmanned Combat Aerial Vehicles (UCAVs), nations are investing heavily in anti-drone defense systems to counteract potential threats. Boeing’s 10 kW anti-drone laser cannon is a recent development, with plans to increase power to 60 kW for military deployment. Lithium-ion batteries and high-energy lasers (HEL) are also being utilized for defense against drones, providing precision aim and unlimited ammunition. Domestic Drone Countermeasures is developing an electronic drone detection system capable of disrupting drone sensors and cameras. Russia, in response to advanced U.S. Drone technologies like Swarm System, is experimenting with electromagnetic technology to disable drone electronics and communication systems. These advancements in anti-drone technology may hinder the growth of the global UCAV market during the forecast period.The Unmanned Combat Aerial Vehicle (UCAV) market is experiencing significant growth due to increasing military supremacy needs of territorial disputed nations and the rise in extremist terrorist activities. Challenges such as oxygen and pressure systems at high and medium altitudes for UCAVs require advanced airborne systems from companies like General Atomics, Denel Dynamics, Dassault Aviation, and Elbit Systems. Precision-guided munitions, bombs, and missiles are essential for UCAV combat sustainability, reducing troop casualties and financial wastage. Defense agencies rely on UCAVs for detection and surveillance, using GPS/INS sensors and propulsion systems in fixed-wing and rotary-wing UAVs. Militaries worldwide are investing heavily in UCAVs, including medium-altitude, high-altitude, combat, small, tactical, and strategic UAVs. UCAVs offer military spending efficiency, with drones providing real-time intelligence and combat capabilities. The integration of artificial intelligence enhances UCAV capabilities, making them indispensable for modern warfare.

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

Segment Overview 

This unmanned combat aerial vehicle (ucav) market report extensively covers market segmentation by

Type 1.1 Medium-altitutde UCAV1.2 High-altitude UCAVPlatform 2.1 Defense and government2.2 Civil and commercialGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Medium-altitutde UCAV-  The medium-altitude Unmanned Combat Aerial Vehicle (UCAV) segment dominated the global UCAV market in 2023 and is expected to remain the largest segment during the forecast period. Defense authorities prioritize medium-altitude UCAVs over land-based UAVs due to their superior capabilities in surveillance and strike missions. These UCAVs offer stealth, discretion, and better combat sustainability than manned aircraft. Notable vendors like General Atomics Aeronautical Systems Inc. (GA-ASI) provide medium-altitude UCAVs such as MQ-9B SkyGuardian/SeaGuardian, which features advanced technology like a Detect and Avoid (DAA) system and can carry multiple mission payloads. The ongoing COVID-19 pandemic has not deterred market growth, with new product launches like Saab’s GlobalEye Airborne Early Warning and Control System, an advanced medium-altitude UCAV with an electronic attack jammer pod and decoy missile system, contributing to the segment’s expansion.

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 Unmanned Combat Aerial Vehicle (UCAV) market encompasses a range of advanced aerial systems designed for various applications in diverse sectors. Operating at high altitudes, these UCAVs come in both fixed-wing and rotary-wing configurations, including delta-wing designs. They are primarily used in the defense sector for military applications, with military expenditure being a significant driver for market growth. Equipped with missiles, ATGMs, bombs, and other ordnance, these combat drones serve as effective tools for reconnaissance, patrolling, and surveillance. UCAVs can be operated remotely or with a degree of autonomy, providing real-time intelligence to humans in control. Applications of UCAVs extend beyond military use, with potential in construction, mining, law enforcement, and more. Regulations and ethical considerations continue to shape the market landscape, with ongoing advancements in control and operation systems. UCAVs are propelled by advanced propulsion systems and come in both fixed-wing and rotary-wing configurations, including combat UAVs. GPS/INS sensors ensure accurate navigation and positioning, making UCAVs valuable assets for various industries and applications.

Market Research Overview

Unmanned Combat Aerial Vehicles (UCAVs) are advanced aerial systems designed for military applications, operating at various altitudes and employing both fixed-wing and rotary-wing configurations. UCAVs offer capabilities in surveillance, reconnaissance, and strike missions, reaching supersonic speeds and equipped with missiles, ATGMs, and bombs. These drones can operate autonomously, with real-time maps and communications, including radio frequency (RF) and satellite communications (SATCOM). Militaries worldwide invest in UCAVs for defense, construction, mining, law enforcement, and more. Regulations, machine learning, and artificial intelligence are shaping the future of UCAVs, with applications ranging from patrolling and reconnaissance to artillery fire direction and post-strike damage assessment. UCAVs provide military supremacy against territorial disputed nations and extremist terrorist activities, reducing human life threats and troop casualties while minimizing financial wastage. Medium-altitude and high-altitude UCAVs offer advanced capabilities, including precision-guided munitions, advanced airborne systems, and advanced components. UCAVs are transforming military operations, enhancing combat sustainability and military supremacy.

Table of Contents:

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

TypeMedium-altitutde UCAVHigh-altitude UCAVPlatformDefense And GovernmentCivil And CommercialGeographyNorth 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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Reolink Black Friday Sales 2024 – Enjoy Early Saving Today

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LOS ANGELES, Nov. 15, 2024 /PRNewswire/ — Black Friday is just around the corner, enjoy early Black Friday security camera deals to enhance home security sooner. Reolink, an innovative leader in intelligent visual technology for the home, is offering diverse range of security cameras, enabling consumers to keep a vigilant eye on their home’s safety.

From now to November 18th, visit the Reolink website and its Amazon store to get the industry-leading 4K continuous recording battery camera Altas PT Ultra, 4K 180° color night vision battery camera Argus 4 Pro, 2K Dual-Band Wi-Fi Battery Doorbell, along with Argus 3 Pro and E1 Zoom.

Reolink Altas PT Ultra with Solar Panel (Save 31%, now $249.99)

Altas PT Ultra is an industry-leading 4K pan & tilt battery camera that offers continuous recording with a blindspot-free view. Equipped with a powerful 20000mAh battery, it can deliver a 96-hour 4K continuous recording on a single charge. The ColorX technology delivers day&night true-color vision without the needs of spotlights or infrared lights. Originally $359.99, it’s $249.99 during the sale, offering a significant 31% discount.

Reolink Argus 4 Pro with Solar Panel (Save 30%, now $229.99)

Argus 4 Pro is the world’s first 4K battery-powered camera with ColorX Night Vision and dual image stitching technology, providing a 180° blindspot-free view. Its battery life is 30% longer than the average battery-powered cameras in the market, reducing the frequency of charging. Originally $329.99, it’s $229.99 during the sale, offering a remarkable 30% discount.

Reolink Battery Doorbell (Save 30%, now $153.99)

Battery Doorbell features 2K/4MP resolution and captures a full head-to-toe view with no subscription fees. It can run on battery power or be hardwired for consistent operation, offering flexible installation and power supply solutions. Battery Doorbell can support Reolink Home Hub for local storage of video recordings and centralized management of cameras. Originally $219.99, it’s $153.99 during the sale, offering an amazing 30% discount.

Black Friday may be on the horizon, but from today until November 18th, customers can dive into early Reolink Black Friday sales. From now until November 18th, customers can purchase coupons for just a few dollars on the Reolink website. These coupons can be combined with Reolink Black Friday discounts and redeemed for up to $40 from Nov. 19 to Dec. 2. Visit Reolink website and its Amazon store to score the best security camera deals.

About Reolink

Reolink offers smart security solutions for homes and businesses, aiming for a seamless security experience with its wide range of products. Serving millions globally, it provides video surveillance and protection, standing out for its commitment to security technology innovation.

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SOURCE Reolink Innovation Inc.

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AEKE Reimagines Home Fitness Experience with Launch of AI-Powered Smart Home Gym K1 on Kickstarter

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NEW YORK, Nov. 15, 2024 /PRNewswire/ — AEKE is redefining home fitness with the launch of the Smart Home Gym K1, set to debut on Kickstarter this December 3rd. The all-in-one, AI-powered gym with an auto-foldable and movable design brings a new level of accessibility and efficiency to fitness by transforming any space into a hyper-personalized training hub.

Taking up just 0.3 square meters, the new AEKE K1 features an AI coaching system that empowers users to train smarter other than harder.

Key Features of the AEKE K1:

AI-Driven Personalization: Leveraging advanced AI, the K1 builds custom workout plans and courses, adapting them based on individual progress and goals through a six-dimensional body assessment.Precision Motion Tracking: Powered by high-sensitivity AI cameras and powerful 5T chips, our self-developed vertical AI Model ensures precise tracking, offering real-time feedback on form, speed, and balance and rep count.Compact-Smart Design: With its sleek, compact design, the K1 easily integrates into any room, blending in without dominating home space.No Ongoing Fees: Access all the features and updates with no subscriptions, making it a cost-effective solution.Complete Training Solution: Catering to a range of fitness goals from weight loss to muscle gain, the K1 includes a variety of workout programs from strength training to yoga to keep exercise routines diverse and effective.Targeted Strength-Building Strategy: With advanced algorithms built by AEKE, K1 adapts intensity as users grow stronger, backed by professional strength training plans and data-driven performance insights to help users stay on track.Personalized and immersive experience: Motion gaming and exercise competition, a 2.1-channel Bluetooth speaker and customer can customized their own music playlist during course make it more immersive and fun.

“We are hugely grateful to our crowdfunding supporters for enabling us to create an innovative fitness experience. I’ve seen firsthand how financial, time, and space constraints hold many people back from accessing quality fitness instruction. Inconsistent training levels can also make it tough for people to find reliable trainers and see results, even after investing time and money. The K1 removes common barriers to fitness and makes professional fitness training accessible to everyone, helping them more efficiently achieve their goals, no matter their schedule or space,” said Loong, COO of AEKE.

With the Kickstarter campaign launching this month, early backers can be among the first to embark on a unique fitness journey offered by the award-winning AEKE K1, which has clinched the German Red Dot Award, the American IDA Design Award, and the International CMF Design Award since it was unveiled.

Currently, AEKE is gearing up for crowdfunding and is offering many benefits for customers who place a deposit. For more details and to get updates, visit aeke.com 

About AEKE

Founded in 2022, With a team of over 200 industrial sports scientists, hardware engineers, and AI experts, AEKE combines AI technology with a human-centric approach to deliver the most intelligent and effective fitness experience.

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SOURCE AEKE

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UST Opens New Office and Generative AI Experience Center in Cyberjaya, Malaysia

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Inauguration of third delivery center in Malaysia positions the country as the focal point for UST’s expansion in Southeast Asia

CYBERJAYA, Malaysia, Nov. 15, 2024 /PRNewswire/ —UST, a leading digital transformation solutions company, has opened a new office and state-of-the-art Generative AI Experience Center in Cyberjaya, Selangor, Malaysia. This facility will act as a hub for innovation and collaboration, bringing together leaders and thinkers at the forefront of the Generative AI space to drive digital transformation in Southeast Asia and beyond.

The new Cyberjaya facility is UST’s third delivery center in Malaysia and will develop cutting-edge AI solutions for use in a diverse range of market sectors, including banking, manufacturing, retail, O&G, telecom, and education. The GenAI Center of Excellence in Malaysia will elevate customer experiences across Southeast Asia to improve both the engineering services and the digital portfolio of UST. A key focus area will be developing custom Large Language Models (LLMs) tailored to specific business needs. Additionally, work conducted at the Center of Excellence will empower cloud, infrastructure, and cybersecurity applications, automating backend tasks and digitising front-end user experiences, benefiting both engineering and GBS teams.

The facility was formally opened on November 11, as part of a ceremony featuring notable tech industry leaders and government officials including: Y.A.B. Dato’ Seri Amirudin Bin Shari, Menteri Besar (Chief Minister) of Selangor state; Wan Murdani Wan Mohamad, Senior Vice President of Malaysia Digital Economy Corporation (MDEC); Puan Nor Suhaila Binti Saat, Director, Sepang Municipal Council; Kamarul Ariffin Abdul Samad, Chief Executive Officer, Cyberview Sdn Bhd; TS Koay, Managing Director Dell Technologies Malaysia, Chai Ping Chua, Country Site Leader Experian Malaysia, Sunil Balakrishnan, CVO & Global Head of Center Operations, UST; Gilroy Mathew, Sr Vice president, UST; and Amar Chhajer, Vice President & Country Head Malaysia, UST.

“The opening of this advanced new delivery center will enhance our ability to support the growing Malaysian and Southeast Asian markets and positions us for further growth in this dynamic region. UST’s focus on Generative AI aligns with the current digital landscape and will empower businesses to harness the potential of AI and automation to drive digital transformation. We’re grateful for the support of our partners and stakeholders, who has been instrumental in fostering a strong tech community here in Malaysia. UST’s focus on Generative AI aligns with the current digital landscape and will empower businesses to harness the potential of AI and automation to drive digital transformation,” said Amar Chhajer, Vice President & Country Head – Malaysia, UST.

“UST is a key partner in our mission to develop digital infrastructure and nurture local tech talent. The UST Gen AI Center of Excellence is exactly the type of forward-thinking initiative that will help propel Malaysia into the next phase of digital evolution. It will be a catalyst for research and development in AI, helping to unlock new opportunities and insights across a wide range of sectors. UST’s commitment to Malaysia’s thriving tech ecosystem has been instrumental in helping transform this sector of our economy. Over the past decade, UST has invested in developing over 10,000 engineering professionals in Malaysia, contributing to the creation of a dynamic and resilient digital ecosystem,” said Y.A.B. Dato’ Seri Amirudin Bin Shari, Menteri Besar (Chief Minister) of Selangor state.

UST began operating in Malaysia in 2006, opening its first center in Penang in 2011. This location also became home to UST’s first Infinity Lab in 2020, supporting innovation that has helped UST expand operations throughout Southeast Asia. UST Malaysia has grown to become one of the company’s biggest delivery center locations in the world and there are currently over 1,500 USsociates in Malaysia. UST Malaysia has two delivery centers in Penang. UST is certified as a ‘Great Place to Work’ in Malaysia.

About UST

Since 1999, UST has worked side by side with the world’s best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering expertise, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse innovation and agility into our clients’ organizations–delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact–touching billions of lives in the process. Visit us at www.UST.com

Media Contacts, UST:

Tinu Cherian Abraham
+1 (949) 415-9857

Merrick Laravea
+1 (949) 416-6212

Neha Misri
+91-9284726602

Roshni Das K
+91 7736795557
media.relations@ust.com

Media Contacts, India:

Adfactors PR
ust@adfactorspr.com 

Media Contacts, U.S.

S&C PR
+1-646.941.9139
media@scprgroup.com

Makovsky
ust@makovsky.com

Media Contacts, U.K.:

FTI Consulting
UST@fticonsulting.com

 

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