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Unmanned Combat Aerial Vehicle (UCAV) Market to Reach USD 4546.1 Million by 2030 | Key Growth Insights | Valuates Reports

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BANGALORE, India, Dec. 2, 2024 /PRNewswire/ — The Unmanned Combat Aerial Vehicle (UCAV) Market is Segmented by Type (Medium-Altitude UCAV, High-Altitude UCAV), by Application (Transportation, Fighting, Rescue, Reconnaissance).

The global Unmanned Combat Aerial Vehicle (UCAV) Market was valued at USD 2648.7 Million in 2023 and is anticipated to reach USD 4546.1 Million by 2030, witnessing a CAGR of 7.9% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Unmanned Combat Aerial Vehicle (UCAV) Market

The Unmanned Combat Aerial Vehicle (UCAV) market is witnessing significant growth, driven by the increasing demand for precision strikes, advanced surveillance, and autonomous military operations. UCAVs offer unmatched versatility and cost-efficiency, making them critical assets for modern defense strategies. Medium- and high-altitude UCAVs are widely deployed for tactical missions, providing real-time intelligence and precision targeting.

The integration of stealth technology, AI-driven systems, and network-centric warfare capabilities has enhanced their operational efficiency and survivability in contested airspaces. Geopolitical tensions and the rising focus on border security and counter-insurgency operations have further propelled the adoption of UCAVs. North America leads the market due to high defense budgets and advanced drone technologies, with Asia-Pacific emerging as the fastest-growing region, driven by military modernization initiatives. As nations prioritize aerial dominance and innovative combat solutions, the UCAV market is expected to experience sustained growth globally.

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TRENDS INFLUENCING THE GROWTH OF UNMANNED COMBAT AERIAL VEHICLE (UCAV) MARKET:

Medium-altitude UCAVs are a key growth driver for the unmanned combat aerial vehicle market due to their versatility and cost-effectiveness. Operating at altitudes of 10,000 to 30,000 feet, these drones are widely used in surveillance, reconnaissance, and tactical strike missions. Their ability to operate for extended durations, coupled with precision targeting capabilities, makes them invaluable for military applications. Countries are increasingly deploying medium-altitude UCAVs for border surveillance and counter-insurgency operations, addressing evolving security challenges. These drones offer a balance between performance and affordability, appealing to both advanced and developing defense systems. Moreover, their integration with advanced sensors and AI-powered systems enhances real-time decision-making and operational efficiency. With the rising focus on asymmetric warfare and defense modernization programs globally, the demand for medium-altitude UCAVs is expected to grow, driving the overall expansion of the UCAV market.

High-altitude UCAVs are significantly contributing to the growth of the unmanned combat aerial vehicle market, offering unmatched performance for strategic military missions. These drones operate above 30,000 feet, providing superior vantage points for intelligence gathering, surveillance, and reconnaissance. Equipped with cutting-edge sensors and payload systems, high-altitude UCAVs deliver exceptional situational awareness and precision in strike missions. Their extended range and endurance make them ideal for operations in contested or hostile environments. The increasing adoption of high-altitude UCAVs by militaries across the globe reflects their strategic value in modern warfare. Nations are investing in these drones to strengthen defense capabilities, particularly in areas with complex geopolitical tensions. The integration of stealth technology and enhanced survivability features further boosts their appeal. As defense budgets expand and the focus on aerial dominance intensifies, the demand for high-altitude UCAVs continues to grow, driving the market forward.

The use of UCAVs for transportation purposes is an emerging factor driving the growth of the unmanned combat aerial vehicle market. UCAVs are increasingly being utilized to transport critical supplies, such as ammunition, medical kits, and other mission-critical equipment, to remote or contested areas. Their ability to operate autonomously in hostile terrains without risking human lives makes them a preferred choice for logistical operations. Defense forces are leveraging these drones to ensure timely resupply in active combat zones, enhancing operational efficiency and reducing dependence on traditional transport methods. The integration of advanced navigation systems enables UCAVs to perform precision delivery missions, even in challenging weather conditions. Additionally, the growing focus on using drones for humanitarian aid delivery during conflicts or natural disasters further supports this trend. As military strategies evolve to prioritize rapid and secure transportation solutions, the adoption of UCAVs for logistics and transportation is expected to rise.

The increasing reliance on precision strikes in modern warfare has significantly boosted the UCAV market. UCAVs equipped with advanced targeting systems and guided munitions enable accurate elimination of high-value targets while minimizing collateral damage. This capability is essential in asymmetric warfare scenarios and counter-terrorism operations. As nations prioritize precision and efficiency in combat, the demand for UCAVs continues to grow. Furthermore, surveillance and reconnaissance missions are key applications of UCAVs, driving their adoption across defense sectors. These drones provide real-time intelligence, improving decision-making and situational awareness. Their ability to operate in high-risk environments without endangering personnel makes them indispensable for monitoring border areas and hostile territories, supporting market growth.

UCAVs offer a cost-effective alternative to traditional manned aircraft, reducing operational costs and risks associated with human pilots. Their lower maintenance requirements and adaptability for various missions have made them a preferred choice for defense forces. As defense budgets face scrutiny, UCAVs present an economical solution for achieving military objectives, driving their market expansion.

Furthermore, geopolitical conflicts and regional tensions have accelerated the demand for UCAVs as nations seek to strengthen their defense capabilities. UCAVs play a critical role in maintaining aerial dominance and conducting strategic operations in contested areas. The growing focus on military modernization and preparedness amid rising global security concerns supports market growth.

The incorporation of stealth technology in UCAVs has enhanced their survivability in contested airspaces. Stealth features reduce radar detection, enabling drones to conduct missions in high-risk environments. This capability has made stealth UCAVs a critical asset for modern militaries, driving their adoption and market growth.

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UCAV) MARKET SHARE

The UCAV market demonstrates strong regional dynamics. North America leads the market due to high defense spending and advanced drone technologies. Europe follows closely, driven by increasing investments in military modernization and cross-border security. Asia-Pacific is the fastest-growing region, fueled by rising geopolitical tensions, growing defense budgets, and advancements in local drone manufacturing capabilities. Emerging regions in the Middle East and Africa are also gaining traction as nations invest in UCAVs for border security and counter-insurgency operations. Regional variations in defense strategies and technology adoption contribute to the global growth of the UCAV market.

Key Companies:

BAE SystemsBoeing CoLockHeed MartinGeneral Atomics Aeronautical SystemsDenel DynamicsIsrael Aerospace IndustriesNorthrop GrummanDassault Aviation

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Drone Warfare market was valued at USD 20610 Million in 2023 and is anticipated to reach USD 37530 Million by 2030, witnessing a CAGR of 8.9% during the forecast period 2024-2030.

–  Military Drone market size is estimated to be worth USD 11770 Million in 2022 and is forecast to a readjusted size of USD 17270 Million by 2028 with a CAGR of 6.6% during the review period.

–  UAV Power Device Market was estimated to be worth USD 252 Million in 2023 and is forecast to a readjusted size of USD 336 Million by 2030 with a CAGR of 4.5% during the forecast period 2024-2030.

–  Armed Drone market was valued at USD 23560 Million in 2023 and is anticipated to reach USD 48560 Million by 2030, witnessing a CAGR of 10.9% during the forecast period 2024-2030.

–  The global Drone Logistics and Transportation market size is projected to reach USD 12180 Million by 2028, from USD 5752.2 Million in 2021, at a CAGR of 10.8% during 2022-2028.

–  Unmanned Aerial Vehicle (UAV) Payload and Subsystems Market

–  Unmanned Aerial Vehicle Detection and Countermeasure System Market

–  Unmanned Aerial Vehicles for Logistics market was valued at USD 769 Million in 2023 and is anticipated to reach USD 1140.3 Million by 2030, witnessing a CAGR of 5.8% during the forecast period 2024-2030.

–  VTOL UAV market is projected to reach USD 3699.1 Million by 2030 from an estimated USD 2242.4 Million in 2024, at a CAGR of 8.7% during 2024 and 2030.

–  Quadcopter Unmanned Aerial Vehicle Market

–  Aerial Photography UAVs Market

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Technology

ChipMOS EXPECTS 6.3% FULL YEAR 2024 REVENUE GROWTH, WITH A 5.4% YoY DECEMBER 2024 REVENUE DECLINE AND A 5.7% YoY 4Q24 REVENUE DECLINE

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HSINCHU, Jan. 10, 2025 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported its unaudited consolidated revenue for the month of December 2024 and for the fourth quarter ended December 31, 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.79 to US$1.00 as of December 31, 2024. This would represent full year 2024 revenue growth of approximately 6.3% compared to the full year 2023.

Revenue for the fourth quarter of 2024 was NT$5,399.6 million or US$164.7 million, representing a decrease of 5.7% from the fourth quarter of 2023, and a decrease of 11.0% from the third quarter of 2024. The Company noted that while the quarterly decline reflects macro industry pricing and demand headwinds, the strong full year 2024 revenue growth reflects continued leadership in its core markets.

Revenue for the month of December 2024 was NT$1,780.1 million or US$54.3 million, representing a decrease of 3.0% from November 2024, and a decrease of 5.4% from December 2023.

Consolidated Monthly Revenues (Unaudited)

December 2024

November 2024

December 2023

MoM Change

YoY Change

Revenues

   (NT$ million)

1,780.1

1,834.6

1,881.5

-3.0 %

-5.4 %

Revenues

   (US$ million)

54.3

55.9

57.4

-3.0 %

-5.4 %

 

Consolidated Quarterly Revenues (Unaudited)

Fourth Quarter

2024

Third Quarter

2024

Fourth Quarter

2023

QoQ Change

YoY Change

Revenues

   (NT$ million)

5,399.6

6,068.0

5,725.4

-11.0 %

-5.7 %

Revenues

   (US$ million)

164.7

185.1

174.6

-11.0 %

-5.7 %

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide. 

Forward-Looking Statements:

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com 

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SOURCE ChipMOS TECHNOLOGIES INC.

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Technology

16 Press Releases You Need to See This Week

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Plus, press release highlights from CES 2025.

NEW YORK, Jan. 10, 2025 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

McDonald’s New McValue Platform Is Finally Here
Fans can mix and match with the new Buy One, Add One for $1 offer and fuel up for less with the popular $5 Meal Deal. The brand marks the moment by partnering with John Cena and gifting fans millions of dollars in entertainment, lifestyle promos.ADP National Employment Report: Private Sector Employment Increased by 122,000 Jobs in December; Annual Pay was Up 4.6%
“The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains,” said Nela Richardson, chief economist, ADP. “Health care stood out in the second half of the year, creating more jobs than any other sector.”Big Lots Closes Sale to Gordon Brothers Retail Partners
Bruce Thorn, Big Lots’ President and Chief Executive Officer, said, “We are pleased to close this strategic transaction, which provides a framework to preserve thousands of jobs, maximize value, and maintain the Big Lots brand.”Globally Renowned Investor and Entrepreneur Kevin O’Leary Joining The People’s Bid for TikTok
The bid aims to purchase TikTok’s U.S. assets and rebuild the platform in a way that prioritizes the privacy of its 170 million American users.NASA to Explore Two Landing Options for Returning Samples from Mars
“Pursuing two potential paths forward will ensure that NASA is able bring these samples back from Mars with significant cost and schedule saving compared to the previous plan,” said NASA Administrator Bill Nelson. “These samples have the potential to change the way we understand Mars, our universe, and – ultimately – ourselves.”Tripadvisor Reveals 2025’s Must-Visit Destinations: Top Picks From Travelers Around the World This year Tripadvisor introduces two new subcategories; Solo Travel Destinations and a special sub-category in celebration of Tripadvisor’s 25th anniversary honoring the Top Destinations of the Last 25 Years based on all time reviews.Ulta Beauty Teams Up with Instacart to Deliver Beauty in a Flash Nationwide
Beauty meets convenience with the largest specialty U.S. beauty retailer now available on Instacart for delivery in as fast as an hour from more than 1,400 stores.Nation’s Top 300 Teen Scientists Selected for Achievements in STEM Innovation and Leadership in Nation’s Oldest and Most Prestigious High School Competition
The 300 scholars will be awarded $2,000 each and their schools will be awarded $2,000 for each enrolled scholar. Scholars were chosen based on their outstanding research, leadership skills, community involvement, commitment to academics, creativity in asking scientific questions and exceptional promise as STEM leaders.$5 Bowls with Five Choices: KFC® Debuts Hot New Lineup of Flavorful Bowls, Including Anticipated Return of Nashville Hot Sauce
Indulge your cravings with a hearty, warm, comforting bowl this winter for just $5 each, making your post-holiday wallet happy. Paramount and Comcast Announce Multi-Year Distribution Agreements
The multi-year deals feature ongoing carriage of Paramount’s networks, including CBS, BET, Comedy Central, MTV, Nickelodeon, Paramount Network and more. Comcast subscribers will also retain access to Paramount’s popular streaming services across Paramount+, Pluto TV and BET+.Michael J. Fox Honored with Presidential Medal of Freedom
President Biden presented Fox with the medal, which honors individuals who have made exemplary contributions to the prosperity, values, or security of the United States, world peace, or other significant societal, public or private endeavors.Hyundai Vehicles Available to “Add to Cart” on Amazon Autos
Car buyers around the U.S. can browse, order and finance any new Hyundai vehicle through a participating Hyundai dealer directly on Amazon Autos, and schedule a pickup from the dealer.The Latest Innovation from CHIPS AHOY! Is…Not A Cookie?! Introducing New CHIPS AHOY! Baked Bites – Bite-Sized Blondies to Satisfy Your Sweet Tooth
Baked into a square shape with a soft and chewy texture inspired by a brownie, CHIPS AHOY! Baked Bites, Blondie variety, are made with delicious, real chocolate chips and no high fructose corn syrup, offering an entirely reimagined CHIPS AHOY! experience. Buffalo thunders back as Zillow’s hottest market for 2025
“Shoppers nationwide should see more options for sale than in recent years, along with slow and steady price growth. That’s the good news. But both buyers and sellers should expect unpredictable mortgage rates,” said Skylar Olsen, Zillow chief economist.Girl Scouts’ 2025 Cookie Season Kicks Off Nationally, Helping Girls Across the Country Unbox Brighter Futures for Themselves
At the close of the 2025 cookie season, two beloved cookie flavors, Girl Scout S’mores® and Toast-Yay!®, will be retired.United Announces Accelerated Timeline for Starlink’s Industry-Leading Connectivity in the Sky
The airline now expects to begin testing Starlink next month with the first commercial flight anticipated to take off this spring on a United Embraer E-175 aircraft. Ultimately, United will add Starlink to its entire fleet.

Read more of the latest releases from PR Newswire.

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CES 2025

CES took over Las Vegas — and the wire — this week as companies from a range of industries shared news of their latest consumer technology innovations. From advances in mobility and AI to medtech, smart homes and much more, PR Newswire is here to help journalists and consumers keep track of the announcements tied to the consumer electronics tradeshow.

Here are just a few of the big CES press releases sent this week:

What Not to Miss at CES 2025XREAL Announces Groundbreaking Collaborations at CES 2025EcoFlow Debuts AI-Powered OASIS at CES 2025, Maximizing Energy Savings and Extreme Weather PrepSony Exhibits at CES® 2025Exclusive to CES 2025: Bird Buddy Goes Beyond Birds with New Wonder Nature Tech Product Announcement

Catch up on the latest CES 2025 announcements.

Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

For questions, contact the team at media.relations@cision.com.

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SOURCE PR Newswire

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Technology

Inspira™ Preparing Production in Response to Spread of Respiratory Virus in China

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RA’ANANA, Israel, Jan. 10, 2025 /PRNewswire/ — Inspira Technologies OXY B.H.N. Ltd. (Nasdaq: IINN) (Nasdaq: IINNW) (“Inspira” or the “Company”), a leader in life-support technology innovation, announced today that it is preparing for a potential production ramp-up of its INSPIRA™ ART100 device. This strategic readiness comes in light of the recent outbreak of human metapneumovirus (hMPV) in China, which has highlighted the growing need for advanced respiratory care technologies globally.

Inspira is already in discussions with leading providers in affected regions to evaluate demand for advance respiratory solutions and deployment of the INSPIRA™ ART100 device, ensuring rapid response capabilities in case of increased demand.

As global health authorities monitor the hMPV outbreak, Inspira™ believes that it is well-positioned to meet potential increased demand for advanced respiratory support systems. Inspira is working closely with suppliers to secure necessary raw materials and components to meet potential demand spikes. The Company is following the hMPV situation globally and working to adjust production plans as needed.

“While hMPV is not a new virus, and experts indicate the current outbreak is part of normal seasonal patterns, Inspira believes in being prepared,” said Dagi Ben-Noon, CEO of Inspira. “Our increased production capacity will help ensure healthcare providers have access to vital respiratory care equipment should the need arise.”

Inspira emphasizes that its preparedness measures are precautionary and align with the Company’s commitment to global health readiness. The Company will work closely with health authorities in affected regions and adjust its plans based on the evolving situation.

Inspira™ Technologies OXY B.H.N. Ltd.

Inspira Technologies is an innovative medical technology company in the life support and respiratory treatment arena. The Company has developed a breakthrough Augmented Respiration Technology (INSPIRA™ ART), a groundbreaking device poised to revolutionize the $19 billion mechanical ventilation market. With 20 million intensive care unit patients with acute respiratory failure each year, many of whom rely on mechanical ventilators, the INSPIRA ART offers a potential alternative by elevating and stabilizing decreasing oxygen saturation levels in minutes without a ventilator, with patients being awake during treatment. The INSPIRA ART is being equipped with a clip-on HYLA™ blood sensor, a real-time continuous blood monitoring technology, aiming to alert physicians of changes in a patient’s condition without the need for intermittent actual blood samples, aiming to support physicians in making informed decisions.

In June and July 2024, respectively, the Company’s INSPIRA™ ART100 system has obtained FDA 510(k) clearance for use in CBP procedures, along with the Israeli AMAR certification for both Extra-Corporeal Membrane Oxygenation and Cardiopulmonary Bypass procedures.

The Company’s other products and technologies, including the INSPIRA ART also known as the INSPIRA™ ART500 or Gen 2, the INSPIRA™ Cardi-ART portable modular device, VORTX™ Oxygen Delivery System, and HYLA™ blood sensor, are currently being designed and developed, and have not yet been tested or used in humans nor approved by any regulatory entity.

For more information, please visit our corporate website at https://inspira-technologies.com

Forward-Looking Statement Disclaimer This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses the growing need for advanced respiratory care technologies and its ability to adjust its plans to rapidly respond in case of increased demand. These forward-looking statements and their implications are based solely on the current expectations of the Company’s management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website at www.sec.gov.

Contact: Inspira Technologies – Media Relations
Email: info@inspirao2.com
Phone: +972-9-9664485

MRK-ARS-113

Copyright © 2018-2025 Inspira Technologies OXY B.H.N. LTD., All rights reserved.

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SOURCE Inspira Technologies

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