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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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Quarterhill Awarded High-Speed Weigh-In-Motion Prescreening Contract in Belgium

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The new WIM station will assist Brussels Mobility in achieving its goals of improving road safety and creating a fair regulatory environment by reducing the number of overloaded vehicles on the roads of the Brussels region.Traffic data provided by the system will support Brussels Mobility’s mission to foster economic growth and improve quality of life through the development of transport infrastructure.

TORONTO, Jan. 10, 2025 /PRNewswire/ – Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF), announced today a contract to provide weigh-in-motion (“WIM”) technology to Brussels Mobility through a joint project with Belgium-based technology integrator Jacops NV (“Jacops”). Quarterhill will be responsible for the design and supply of the WIM subsystem, technical support, and training. Quarterhill will also provide Jacops with the software necessary for commercial vehicle monitoring and enforcement.

Quarterhill will supply the WIM system for the Brussels-Capital Region weigh station, which will be used to pre-select overloaded vehicles for enforcement. The dynamic weighing station will promote and improve the efficiency of inspections by screening vehicles at highway speeds in advance of the law enforcement inspection site. In addition, the weigh station will generate data that provides an accurate, real-time picture of the vehicles on the E19 highway.

The system’s goal is to reduce the number of overloaded vehicles on the Brussels Region’s roads. Overloading causes many problems, such as rapid road deterioration, more serious accidents, and unfair competition between transport companies. Quarterhill’s technology mitigates these issues by screening for overweight vehicles while optimizing the use of enforcement resources.

“We are excited at the prospect of introducing our advanced enforcement technology to Brussels Mobility and expanding our presence in Europe,” said Chuck Myers, CEO of Quarterhill. “Together with Jacops, we will deploy a state-of-the-art high-speed WIM system that will make Belgian roads safer and more sustainable. We have a longstanding relationship with Jacops as a customer for our microwave sensor products, and this project demonstrates how having a broad portfolio of traffic technologies and established relationships with traffic system integrators leads to further opportunities.”

The weigh station will monitor four lanes of one-way traffic on the highway and record data on vehicle classification and vehicle tax without impeding traffic. An overview camera provides images to help enforcement personnel clearly identify vehicles flagged by the system. An Automated Number Plate Reader system will photograph, recognize, store, process, and transmit the number plates of vehicles approaching the dynamic weighing station.

Quarterhill’s iSINC WIM controller was selected for the project as it offers preselection of overweight vehicles, creates comprehensive vehicle records, classifies vehicles, and meets the desired standards for continual uptime monitoring and ease of service. iSINC’s versatility allows it to control a wide array of sensors, cameras, dimensioning systems, communication systems, and custom equipment.

WIM sensors that comply with the accuracies outlined in the Nmi International WIM standard Specification and test procedures for WIM Systems will be installed at the site. The WIM sensors meet the lane width specifications and provide high durability, stable output over time, and IP68 water resistance.

Quarterhill will advise Jacops on the design and placement of the WIM system components to ensure optimal operation, including onsite technical support for installation, testing, and initial calibration. Quarterhill will also provide Jacops with thorough training on the WIM components and system calibration. Over the 2-year warranty period, Quarterhill will provide remote diagnostics and technical support to ensure continuous uptime and optimal performance.

“This project shows that Quarterhill’s technology is well suited to the precise needs of European agencies. We are set to elevate road safety and integrity in the region, reinforcing our expanding footprint in this important market,” stated Heimo Haub, Managing Director, Quarterhill Europe.

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as “seek”, “anticipate”, “budget”, ‎‎”plan”, “goal”, “expect” and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill’s products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company’s most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill’s ability to execute on its business plan; demand for Quarterhill’s products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-awarded-high-speed-weigh-in-motion-prescreening-contract-in-belgium-302347610.html

SOURCE Quarterhill

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ez1099 2024 Edition Tax Preparation Software for 2025 Tax Season Is Available for Electronic Filing

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REDMOND, Wash., Jan. 10, 2025 /PRNewswire/ — Designed for US business owners, tax professionals and entrepreneurs, the latest ez1099 tax form software from Halfpricesoft.com is easy to navigate and streamline processing unlimited forms for multiple companies for one flat rate.  The latest edition of ez1099 supports paper form printing, pdf printing and efile feature. It also comes with a recipient data import feature from the spreadsheet and QuickBooks IIF file.

 

“ez1099 2024 software is now available for business owners and tax professionals to print and file 1098’s and 1099’s, seamlessly.” Dr. Ge, Founder of Halfpricesoft.com, says.

ez1099 software streamlines the preparation, printing, and e-filing of essential IRS forms, including W2G, 1097BTC, various 1098 forms (1098, 1098C, 1098E, 1098F, 1098Q, 1098T), numerous 1099 forms (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099INT, 1099K, 1099LTC, 1099MISC, 1099NEC, 1099OID, 1099PATR, 1099Q, 1099QA, 1099R, 1099S, 1099SB, 1099SA), 5498 forms (5498, 5498ESA, 5498QA, 5498SA), as well as 8935, 3921, 3922, and 1096 forms.

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. Also offered in a network version for two or more installations starting at $199 to enable sharing data between computers or offices.

ez1099 is compatible with Windows 11, 10, and 8.  It can also run on Windows Vista system, 7, and MAC machines (Mac can run the system only if installed with Bootcamp).

The features in the latest version ez1099 software include but are not limited to:

electronically file unlimited forms to the IRS with one flat rateez1099 blank paper prints out recipient copiesPrint in bulk for faster processingQuick data importing featureCustomers can save even more time by compiling and saving form data for later use and modificationSupport unlimited accounts and unlimited recipients at no additional chargeGo green with optional PDF document converting and e-file (electronic filing) featuresFeature to process correction forms included

Starting at $79.00 for the print and mail version and $139.00 to electronically file. Halfpricesoft.com welcomes all clients to begin the no obligation thirty-day test drive today at https://www.halfpricesoft.com/1099_software.asp#purchase

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small to midsize business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, 1095 ACA form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers for over 20 years and will assist business owners simplify payroll processing and streamline business management.

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SOURCE Halfpricesoft.com

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The New York Stem Cell Foundation Research Institute Enters Agreement to Accelerate Precision Drug Discovery for Neurodegenerative Disease

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Partnership Will Harness NYSCF’s Automated Cell Culture Systems and Artificial Intelligence Capabilities to Study Disease at an Unprecedented Cellular Level

NEW YORK, Jan. 10, 2025 /PRNewswire/ — The New York Stem Cell Foundation (NYSCF) Research Institute today announced they have entered into an agreement with Janssen Research & Development, LLC, a Johnson & Johnson company, to use NYSCF’s AI-powered platform for drug discovery to target neurodegenerative disease. This initiative brings together NYSCF’s advanced robotic systems for stem cell research and J&J’s expertise in drug discovery and data science to unlock novel disease insights and accelerate the development of more effective and tailored treatments.

NYSCF has developed proprietary automation technology that enables large-scale, reproducible disease modeling and drug screening using patient-derived stem cells. By combining high-content cell imaging with machine learning-driven analysis, NYSCF’s platform can reveal previously undiscovered disease phenotypes and therapeutic targets leading to the development of novel therapeutic approaches. This versatile platform is adaptable to a wide range of cell types and diseases, making it uniquely positioned to advance precision medicine for patients.

“This work with Johnson & Johnson allows us to integrate our cutting-edge stem cell automation and AI platform with their deep expertise in therapeutic development,” said Jennifer J. Raab, President and CEO of NYSCF. “Together, we look forward to accelerating the discovery of innovative treatments for patients affected by devastating neurodegenerative disease.”

About The New York Stem Cell Foundation Research Institute
The New York Stem Cell Foundation (NYSCF) Research Institute is an independent non-profit organization accelerating cures and better treatments for patients through stem cell research. The NYSCF Research Institute is an acknowledged world leader in stem cell research and in the development of pioneering stem cell technologies, including the NYSCF Global Stem Cell Array®, which is used to create cell lines for laboratories around the globe. NYSCF focuses on translational research in an accelerator model designed to overcome barriers that slow discovery and replace silos with collaboration. For more information, visit nyscf.org.

CONTACTS:
David McKeon
212-365-7440
dmckeon@nyscf.org

Chris Taylor
chris@christaylorpr.com

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SOURCE The New York Stem Cell Foundation

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