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Precision Guided Munition Market growth predicted at 8% till 2026: Global Market Insights, Inc.

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Selbyville, Delaware, March 30, 2020 (GLOBE NEWSWIRE) —
According to latest report “Precision Guided Munition Market by Munition Type (Tactical Missiles, Guided Rockets, Guided Ammunition, Loitering Munition), System (Infrared, Inertial Navigation System, GPS, Radar Homing, Semi-active Lasers, Anti-radiation), Type (Autonomous, Semi-autonomous, End-use (Airborne, Land-based, Naval), Regional Outlook, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of precision guided munitions will reach $45 billion by 2026. The market growth can be attributed to increasing defense expenditure and shift in investment trends of the defense budget.According to Stockholm International Peace Research Institute (SIPRI), the military expenditure is expected to exceed USD 2 trillion by 2022. The growing military modernization programs and increasing demand for precision guided munition due to its increased lethality against the target and minimization of collateral damage. These are several factors that are anticipated to drive the precision guided munition market demand. Further, the implementation of Artificial Intelligence (AI) for smart weapon system is significantly supporting the industry size.Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4597The guided ammunition segment will witness a rapid growth rate of over 10% from 2020 to 2026 led by its ability to hit a specific target and increase the lethality of intended targets. The defense organizations of different country are engaged in the construction of domestic companies, which will provide guided munition for the defense forces of the country with the enhancement in market share.The Inertial Navigation System (INS) segment held majority of the precision guided munition market share with over 30% in 2019. The rise of the segment can be attributed to continuous estimation of position, orientation, and velocity of a moving vehicle relative to the Earth’s surface. The guided ammunition navigation data is needed for ammunition guidance & control that supports the market share over the coming years. The INS is mounted on guided missiles to provide navigation using gyroscopes and accelerometers.The airborne precision guided munition segment is anticipated to register around 8% gains till 2026 due to installation of ammunition in fighter jets that will help to enhance the defense sector. Various nations across the globe are engaged in developing advanced airborne precision guided weapons with the potential to destroy the enemy aircraft that will enhance the market share in the region.The Asia Pacific precision guided munition market is projected to witness over 10% CAGR during the forecast timeframe. The increase in defense expenditure by countries in the region significantly support the market growth. The counties in the region are actively engaged in developing and testing new guided weapon systems that will provide high accuracy with extended capabilities that supports the industry growth.Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/4597Some of the leading precision guided munition market players are Aerojet Rocketdyne, Bharat Dynamics Limited, Elbit Systems Ltd., General Dynamics Corporation, Hanwha Corporation, Israel Aerospace Industries, Kongsberg, L3Harris Corporation, Leonardo S.p.A., Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Raytheon Company, Rheinmetall AG, Saab AB, Thales Group, Boeing, and BAE Systems.Companies dealing in the market are focusing on developing new technologies in weapon system and initiating long-term collaborations with various defense organizations to secure their market share. Transactions in the defense industry happen through long-term contracts and agreements, significantly promoting market competitiveness. The major defense contracts are mostly multi-year & multi-layered, involving various governments and political parties. Market trends are mostly influenced by geopolitical developments among major countries involved in defense contracts and partnerships.Some major findings of the precision guided munition market report include:The changing trend in defense budget allocation where significant importance is given to upgrading of weapon systems and acquisition of smart weapons is supporting market growth.Requirement to replace and upgrade existing systems, such as Inertial Navigation System (INS), Global Positioning System (GPS), radar homing, semi-active lasers, and anti-radiation, will provide a positive outlook.Current geopolitical and political trends, such as financial constraints, uncertainty, manpower limitations, and requirement of minimum collateral damage, are driving the market growth.Design, modification, and technological advancements of ammunition to enhance the accuracy and minimize the damage that is an unintended result of military operation.Developments in precision guided munition enabling fields, such as laser technology, aerodynamics, and electronics, are supporting the air power with surgical strike capability that is essential for modern warfare.Table of Contents (ToC) of the report:Chapter 3.   Precision Guided Munition Market Insights3.1.  Introduction3.2.  Industry segmentation3.3.  Industry landscape, 2015 – 20263.4.  Market evolution3.5.  Industry ecosystem analysis3.6.  Technology & innovation landscape3.7.  Regulatory landscape3.8.  Industry impact forces3.8.1. Growth drivers3.8.2. Industry pitfalls & challenges3.9.  Growth potential analysis, 20193.10. Porter’s analysis3.11. PESTEL analysisBrowse Complete Table of Contents (ToC) @https://www.gminsights.com/toc/detail/precision-guided-munition-marketAbout Global Market Insights, Inc.Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.GMIPulse, our business analytics platform offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top level categories and hundreds of industry segments within them, covering regional, company level and cross-sectional statistics that make our offering a stand-out for decision makers. https://www.gminsights.com/gmipulseContact Us: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Web: https://www.gminsights.com

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Artificial Intelligence

Synthetik Applied Technologies LLC announces development of UrbanScale – a modeling platform for the prediction, characterization, and quantification of extreme urban heat

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AUSTIN, Texas and LONDON, April 30, 2024 /PRNewswire/ — Synthetik Applied Technologies announces the development of UrbanScale, a tool to model and predict effects of extreme heat in urban areas, through a project funded by the National Oceanic and Atmospheric Association (NOAA). The physical characteristics of urban areas amplify heat effects resulting in what are known as urban heat islands — areas where surface temperatures are much higher than their surroundings. The UrbanScale tool addresses this climate peril with sophisticated analytic tools based on physics informed neural networks and cutting-edge machine learning to predict urban heat and help better understand and mitigate the risks associated with these extreme heat events. As a result of climate change, these events are expected to increase, impacting both the people that live in urban areas and the infrastructure on which they depend.

The UrbanScale platform shows significant promise to provide data on the severity of heat islands and their effects to better understand how they impact human health, energy use and damage to physical infrastructure. This information will provide a step-change in capability for government agencies, urban planners, and transportation authorities to direct efforts for mitigation and intervention. In particular, inclusion of demographic information into data pipelines will allow understanding of how urban heat effects may impact vulnerable or disadvantaged populations. Integration with climate forecasts and models will also provide unprecedented capabilities for forecasting risk associated with climate change.
Josh Hatfield, Director of Research and Development at Synthetik, said:
‘We are extremely grateful for the opportunity to study such an important issue. Extreme heat is already the largest cause of weather-related fatalities in the US, and climate change will only increase the importance of understanding heat in urban environments. Helping to meet that challenge fits directly into Synthetik’s mission.’
Synthetik COO Tim Brewer commented:
‘The UrbanScale tool will allow both our government and insurance partners to better characterize the risk of extreme heat in urban centers and promises to deliver critical insight on the way these events impact energy demands. We look forward to exploring its wide-ranging applications.’
Synthetik plans further development of UrbanScale with NOAA and other partners in the public and private sector.
For all inquiries: Contact Synthetik Applied Technologies PR [email protected] 
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Artificial Intelligence

GLiNTECH – a Valiantys company, wins Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH declared Finalists for Team Excellence and ITSM Solutions

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PARIS, April 30, 2024 /PRNewswire/ — Atlassian announced today that GLiNTECH – a Valiantys company has won the Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH were further declared finalists for the Team Excellence and ITSM Solutions awards, respectively.

 
This is an acknowledgement of their outstanding work for Atlassian customers during the calendar year 2023. This includes exceptional efforts in developing new business and driving innovative solutions for customer success.
“Our industry leading partners play a vital role in our customers’ continued success. We’re honored to highlight our top partners as award finalists this year, reflecting their ongoing commitment to delivering innovative solutions and unparalleled Atlassian services globally,” said Ko Mistry, Atlassian’s Head of Global Channels.
“We are delighted to be named as finalists for these awards from Atlassian, and we are particularly proud to celebrate GLiNTECH’s achievement in winning the Services (APAC) award.” said Emmanuel Benoit, Global Chief Executive Officer, Valiantys. “At Valiantys, embracing diversity of thought and challenging the ways our teams work has always provided Valiantys with a competitive edge to consistently deliver tangible results and value. We look to the future with unwavering determination and confidence as we continue to drive innovation and unlock potential for our customers around the globe.”
“We dedicate our IT Consulting Services and Custom Solutions to fulfilling our customers’ needs for success,” commented Dimitri Spyridopoulos, Chief Executive Officer GLiNTECH – a Valiantys company. “It’s an honor to be recognized by Atlassian as a finalist in two categories that reflect these efforts: Services and ITSM Solutions, and to be declared as winner for the Services award (APAC).”
For more information regarding this Press Release, contact: [email protected]
About Valiantys
Valiantys is a leading global consulting and services firm dedicated to Atlassian. The company accelerates business transformation by digitizing processes and modernizing teamwork, using the best agile methods and tools. Its Atlassian technical expertise is unparalleled and Valiantys supports its customers across the entire spectrum of projects on those platforms. As a recognized Agile at Scale, ITSM, and Cloud Specialized Partner, Valiantys help organizations accelerate time to value with Agile at scale, cloud, and ITSM implementations. Because teamwork requires more than just tools, the firm bridges the gap between applications and strategic practices such as SAFe® and ITIL. Over the last 15 years, Valiantys has helped more than 5,000 customers achieve their desired business outcomes at a reduced time to value, through improved team collaboration. More information about Valiantys can be found at https://www.valiantys.com/
About GLiNTECH – a Valiantys Company
GLiNTECH is a renowned Atlassian Platinum Partner headquartered in Australia and is the preferred choice for over 300 leading brands. The company has amassed more than 20 years of experience servicing enterprise clients across the Asia Pacific region, earning Atlassian Partner of the Year five times, including most recently for Professional Services. GLiNTECH is recognized as a Specialized Atlassian Cloud and ITSM partner. The company offers deep expertise in Licensing, Training, Support, Managed Services, Consulting, and Agile methodologies and has a proven record in providing reliable solutions while driving success within the Atlassian ecosystem. More information about GLiNTECH can be found here: https://www.glintech.com/
GLiNTECH was acquired by Valiantys in February 2024.
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Artificial Intelligence

Nillion is pleased to announce that Dwinity, a team pioneering decentralized AI has joined as an ecosystem partner

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ZUG, Switzerland and MUNICH, April 30, 2024 /PRNewswire/ — With huge amounts of personal data being collected every day, privacy concerns are escalating as the impact of data breaches become more costly. The need to address the problems created by the existing data economy have never been greater. By empowering users to reclaim control, Dwinity aims to unlock an enormous amount of potential for personal data to enhance various industries like healthcare, insurance, and finance.

About Dwinity
Dwinity’s mission is to give power back to users and to create a thriving data economy in which information asymmetry is finally removed. Dwinity enables a decentralized data economy as well as creates a data ownership driven ecosystem for storage, analysis, exchange, and commercialization of sensitive personal data.
The three components of Dwinity are:
Data control: Decentralized data spaces for decentralized data storage which provides true data sovereignty and enables users to decide with whom data is shared.Data Gold: Decentralized AI tools for each data space have the capability to unlock the full potential of data via sophisticated analysis.Data Cash: A fair marketplace with automated data value analysis, allowing for tangible income for data owners at lower costs and completely anonymous.Dwinity is presently closing its initial seed round at USD 3 MN – funds which will be used for the development of the initial prototypes to hit the market already in 2024.
About Nillion
Nillion is humanity’s first Blind Computer. It is powered by a decentralized network of nodes that enables “Blind Computation” through the coordination and orchestration of privacy enhancing technologies (PETs) such as multi-party computation (MPC), fully homomorphic encryption (FHE) and zero-knowledge proofs (ZKP). Nillion believes Blind Computation will become the internet’s base layer for all private data as PETs continue to mature. Nillion has attracted a notable initial cohort of Blind Computation builders across AI, DeFi, medical data, custody, wallets, global identity, messaging and more.
The Nillion development company, Nilogy, was incubated by CoinList’s seed program. Nilogy’s Founding CTO was the Founding Engineer of Uber (Conrad Whelan), the Chief Strategy Officer was the Founding CMO of Hedera Hashgraph (Andrew Masanto), the Chief Business Officer is the Founder of Indiegogo (Slava Rubin), the General Counsel was the Associate General Counsel of Coinbase (Lindsay Danas Cohen), along with builders hailing from Consensys, LayerZero, Polygon and Google.
“This is a major step on our way to building the leading ecosystem for sensitive data together with one of the top players in the market for the handling of such valuable data. We are looking forward to the cooperation which will add significant trust and competence to both initiatives”, said Peter Koenig, CEO of Dwinity.
Picture is available at AP
Contact for this publication: Christian Mangold [email protected]

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