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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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The Battery Show Asia 2025: Uniting Global Innovators in Hong Kong

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July 15-17, 2025 | AsiaWorld-Expo, Hong Kong

HONG KONG, Sept. 20, 2024 /PRNewswire/ — The Battery Show, organized by Informa Markets, is a globally recognized platform for cutting-edge battery technology, energy storage solutions and electric/hybrid vehicle (EV/HV) innovations. It is expanding its reach with the inaugural The Battery Show Asia 2025, which will take place from July 15-17, 2025, at AsiaWorld-Expo in Hong Kong. This landmark event builds on the long-lasting success of The Battery Show in North America and Europe, highlighting the strategic importance of the Asian in the fast-evolving advanced battery, energy storage and e-mobility sectors. 

Over three days, The Battery Show Asia 2025 will feature 350+ exhibitors, attract over 15,000 industry professionals, and host 150+ expert speakers. The event will be a pivotal meeting ground for innovators, engineers, manufacturers, and thought leaders from Asia and around the world, offering a unique platform for collaboration, knowledge sharing, and business development in this dynamic industry.

Hong Kong, strategically located within the Greater Bay Area (GBA), is an ideal venue for this prestigious event. With its world-class connectivity and business-friendly environment, Hong Kong offers unparalleled access to the vibrant and diverse markets of China and the broader Asia-Pacific region, making it the perfect location for industry professionals looking to expand their global business footprint, either into Asia or from Asia to the rest of world.

The Battery Show Asia 2025 will feature a comprehensive exhibition showcasing the latest advancements in battery technology, energy storage solutions, and EV/HV innovations. Complementing the exhibition will be a cutting-edge conference program addressing critical topics such as policy and regulation, advanced technology, hydrogen energy, emerging applications, and investment trends. The show will be co-located with Mobility Tech Asia and Data Center Asia, further enhancing its appeal and reach across interconnected sectors.

Attendees will have exclusive opportunities to engage with leading battery and component manufacturers, EV/HV producers, renewable energy experts, and influential decision-makers from across the globe. With a strong international presence, the event promises to foster meaningful connections and strategic partnerships, particularly for those looking to engage with China’s rapidly advancing technology sector.

A series of exclusive networking events, including VIP receptions, an all-day Open Tech Forum, and the premium TBSA/MTA 2025 Conference, will offer additional opportunities for deep engagement and collaboration. Whether you’re showcasing innovations, exploring market insights, or expanding your professional network, The Battery Show Asia 2025 is the essential event to drive your business forward.

Contact:
For more information or partnership and sales inquiries, please contact:
info@thebatteryshow.asia

About Informa Markets:
Informa Markets creates platforms for industries and specialist markets to trade, innovate, and grow. Through our comprehensive portfolio of exhibitions, digital content, and services, we enable customers and partners to connect, discover new opportunities, and drive industry progress.

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SOURCE Informa Markets Asia-The Battery Show Asia & Mobility Tech Asia

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Valmet to supply a new BCTMP line and an evaporator line to JK Paper Limited in India

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Valmet Oyj press release, September 20, 2024, at 9:30 a.m. EEST

ESPOO, Finland, Sept. 20, 2024 /PRNewswire/ — Valmet is to supply a new bleached chemi-thermomechanical pulp (BCTMP) line and a related evaporator line to JK Paper Limited’s Fort Songadh mill in India. The new BCTMP line will manufacture high-quality BCTMP pulp for lightweight coated board production. The start-up is scheduled for the end of 2025.

The order was included in Valmet’s orders received of the second quarter 2024. The value of the order will not be disclosed.

“The new BCTMP and evaporator line will play a crucial role in our production process, enabling us to meet increasing market demands while adhering to the highest quality and environmental responsibility standards. Valmet’s unique high-temperature (HT) BCTMP technology will allow us to achieve superior pulp quality and energy efficiency, ensuring that we remain competitive in the global marketplace,” says A.S. Mehta, President, JK Paper Limited.

“The BCTMP order from JK Paper marks a significant continuation of our cooperation. We are privileged that Valmet has been chosen to contribute to their ongoing success. Our advanced HT-BCTMP and evaporator line technologies will enhance their production capabilities and support their efforts to minimize environmental impact through energy-efficient and resource-saving solutions,” says Fredrik Willgottson, Vice President, Pulp & Energy, Asia Pacific, Valmet.

Technical details about the delivery

The 400 ADMT/d BCTMP line is based on Valmet’s HT-BCTMP technology for optimized impregnation, producing pulp with high bulk and low shive content at minimum energy consumption. The line will include all main process technology for chip washing, pre-steaming, PREX impregnation, HC refining, MC bleaching, HC bleaching, LC refining, screening, reject refining, steam separation, heat recovery, and pulp washing.

The delivery includes a Mechanical Vapor Recompression (MVR) tube evaporator plant for handling the BCTMP plant liquor. It covers MVR evaporator effects, a tube concentrator, and a condensate treatment plant. The evaporator line includes Valmet’s patented Internal Condensate Treatment for producing cleaner condensate for recycling in the mill. The new line will have a design capacity of 180 tons of water per hour.

Information about JK Paper Limited

JK Paper Limited, an integrated pulp and paper plant, was established in 1962. The company is a leading Indian producer of office papers, coated papers, writing and printing papers, and high-end packaging boards. The company has three integrated Pulp and Paper Mills: Unit JKPM at Rayagada (Odisha), Unit CPM at Songadh (Gujarat), and Unit SPM at Kagaznagar, Telangana. The company’s installed capacity is around 800,000 tonnes per annum.

VALMET
Corporate Communications

For further information, please contact:
Pawan Kumar Agarwal, Director, India Region, Asia Pacific, Valmet, tel. +91 96540 69641
Fredrik Willgottson, Vice President, Pulp and Energy, Asia Pacific, Valmet, tel. +66 61384 7911

Valmet has a global customer base across various process industries. We are a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, and with our automation and flow control solutions we serve an even wider base of process industries. Our more than 19,000 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. Valmet’s net sales in 2023 were approximately EUR 5.5 billion.

Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.

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The Second “FROM ZIQUEJIE TERRACES TO THE WORLD” Global Farming Culture Exchange and Mutual Learning Conference Held

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LOUDI, China, Sept. 20, 2024 /PRNewswire/ — On September 12, the opening ceremony and keynote speeches of the Second “FROM ZIQUEJIE TERRACES TO THE WORLD” Global Farming Culture Exchange and Mutual Learning Conference were presented in Xinhua County, Loudi City, Hunan Province. Over 200 guests, including representatives from international organizations such as the International Union for Conservation of Nature (IUCN), the Food and Agriculture Organization of the United Nations (FAO), diplomats from terrace-cultivating countries like France and Peru, and domestic and international experts from the agriculture, culture, and tourism sectors, gathered to discuss key issues including the protection of global agricultural cultural heritage and the development of the green agricultural economy. Together, they explored ways to preserve and promote farming culture, showcasing Hunan’s unique approach to agricultural heritage protection and innovation, while contributing China’s solutions for the safeguarding of global agricultural cultural heritage.

During the opening ceremony, the Consensus on the Integrated Development of Terraces in Agriculture, Culture, and Tourism was released. The document promotes the understanding of the value of terraces, the protection of terrace ecosystems, the preservation of farming culture, the active promotion of agriculture, culture, and tourism integration, enhanced international exchange and cooperation, and the innovation of development models. The aim is to promote the effective protection and sustainable development of terraces globally, deepen the integration of agriculture, culture, and tourism, build distinctive terrace-based industrial chains, enhance the overall competitiveness of terrace regions, and achieve ecological, economic, and social benefits for all.

Terraced fields exemplify the harmonious coexistence of human ingenuity and nature. They carry rich agricultural traditions and historical memories, and their value in preserving biodiversity, ensuring food security, and promoting regional economic development is immeasurable. The Ziquejie Terraces, recognized as both a Globally Important Agricultural Heritage System and a World Heritage Irrigation Structure, are the product of the collective labor of the Miao, Yao, Dong, Han, and other ethnic groups throughout history. These terraces are a historical testament to the merging of mountain hunting cultures with rice farming cultures.

Looking ahead, Loudi City will further strengthen the protection of agricultural cultural heritage, promote cultural inheritance, and foster the integration of agriculture, culture, and tourism. Through these efforts, it aims to provide concrete examples of “authentic protection, living use, and industrial integration” for the world.

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