Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Unmanned Surface Vehicles – Changing the Paradigm in Naval Warfare

Published

on

Dublin, Dec. 22, 2021 (GLOBE NEWSWIRE) — The “Unmanned Surface Vehicles (USV) for Defense and Security – Market and Technology Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

Unmanned Surface Vehicles will revolutionize naval warfare in the near future as new, larger categories are being developed. They are evolving from tools that can carry out a number of tasks to systems capable of operating with a high degree of autonomy in a joint, network-centric environment. The USV market is still at its early stages, which offers significant opportunities.

The developments in Artificial Intelligence (AI) enable the transition in the use of USVs in highly complex scenarios, that include collaborative operations with manned platforms. In a near-peer confrontation, this will allow manned vessels to control swarms of large displacement, weaponized USVs that will overwhelm an opponent’s defences. Practically, the concept of distributed lethality will expand exponentially revolutionizing the face of naval warfare.

This report Unmanned Surface Vehicles (USV) for Defense and Security – Market and Technology Forecast to 2030 examines, analyzes and analyzes the impact of the dynamics shaping the USV market and forecasts the market in the 2022-2030 period. It analyzes the developments geographically, focusing on the biggest markets in the Americas, Europe, Asia-Pacific and the Rest of the World. The US, Europe and certain APAC countries are the steam engines of the USV market due to the significant R&D funds being invested and the procurement programs that have been implemented. The report also analyzes the current and future technologies related to the USV market and how they can be employed.

In this report the market is segmented and forecast by region, end-use and spending type.

Covered in this Report:

  • Global market share assessments for the 2022-2030 period
  • Market share assessments per segments and regions between 2022 and 2030
  • Snapshot on global security issues, defence budgets, spending patterns and how these affect the procurement of USV systems
  • Market Dynamics: An insight on the latest technological developments in the USV market and which countries are leading the USV market and are in position to absorb the new technology while introducing a new modus operandi
  • Roles for all types: Insight on how USV systems can fit in a military or security concept of operations and how they form a revolution in military affairs
  • Main military USV technology trends
  • Market Trends: Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations for those that decide to move into the market at this early stage and stay ahead of the competition
  • Profiles for the leading companies, including financial information, strategic alliances and recent contract wins

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Current USV Technologies
3.1 The New Maritime Operations Environment
3.2 USV Definition and Components
3.3 Ship Modularity and USVs
3.4 USV Missions
3.5 Anti-Submarine Warfare
3.6 Surface Warfare
3.7 Operational Environment Characterization
3.8 Should USVs be On-Board All Military Vessels?
3.9 USVs Potential in Special Operations Forces Missions
3.10 USVs in Security Operations
3.11 Future Uses – Obstacles

4 Future USV Technologies

5 Market Analysis and Forecast Factors
5.1 Introduction
5.2 Market Segmentation
5.3 Forecast Factors
5.3.1 Drivers
5.3.2 Need for UMVs for the Coast Guard
5.3.3 Harbor Security Needs
5.3.4 New Era for Mine Countermeasures
5.3.5 Underwater Networks
5.3.6 Terrorism
5.3.7 Limited Defense Budgets, Personnel Reduction
5.3.8 Support of Multi-Mission Vessels
5.3.9 Environmental Consequences
5.3.10 Increasing Outreach of Non-State Actors
5.3.11 Increased Demand for Offshore Patrol Vessels and Frigates
5.3.12 Asymmetric Threats Drive the Need for UMVs
5.3.13 Small Speed Boat Threats
5.3.14 Unmanned Maritime Systems Defense Policy
5.3.15 Littorals as Future Areas of Conflict
5.3.16 Additive Manufacturing
5.3.17 From Ocean Observation to Military Intelligence
5.3.18 Oceanic Competition
5.3.19 Clarification of Roadmaps and Ums Support by Large Governmental Groups
5.4 Inhibitors
5.4.1 Production Issues
5.4.2 Operating & Life Cycle Costs
5.4.3 Rules of Engagement & International Laws
5.4.4 Navigation in Surface Traffic
5.4.5 Culture of Seafarers / Lack of Maturity to Understanding the Value of UMV
5.4.6 Lack of Proven Concept of Operations
5.4.7 Defense Budgets and National Economy
5.4.8 Export Control of Defense Technology

6 Country Analysis

7 Forecast USV Market to 2030 by Region

8 Forecast USV Market to 2030 by Spending Element

9 Forecast USV Market to 2030 by End-Use

10 Opportunity Analysis

  • Improving Acoustic Communications
  • Improving System Evaluation, Training and MCM Planning
  • Improving USV Integration in MCM Missions
  • Improving Marketing and Value Added Messages
  • Developing Unmanned Hybrids Covering “Blind Spots”
  • Developing Ways to Extend the Useful Lifespan of Existing MCMVs
  • Concurrent Use of USVs That Can Intelligently Work Together, Using a Single Control Station
  • Gather and Model USV Oceanographic Data for ASW Modeling and Other Uses
  • Developing Innovative Hull Designs, Materials, Electronics
  • Bringing Remote Sensing Technology to Naval Customers
  • Developing Counter Small Vessel Attack Measures
  • Adapting Military Design to Coast Guard Use
  • Improve Usability of Mission Planning Software; Automate Data & Image Post-Processing
  • Underwater Communications, Networking Companies to Work with UMV Integrators Towards Providing Information Solutions to Command and Control Centers
  • Innovative Antenna Designs
  • C4Isr and Ped Integration of Ums and Operator-Based Manned Systems
  • Reduce Ownership, Operational, and Maintenance Costs
  • Software to Survey Accurately and Timely Ports and Harbors
  • Leverage UAV Experience in Stabilization, Autonomous Navigation, Positioning, C2, Sense-And-Avoid 99
  • Develop Environmental Monitoring Sensors
  • USVs to Complement Automatic Identification System Coverage
  • USV to be Used as Connectivity Nodes Between Water and Air
  • Extend UAS Technology to Unmanned Surface Systems
  • Training Drives Need for Simulators and Virtual Environment
  • Focus on Very Shallow Water MCM

11 Events Based Forecast to 2030 for the USV in Defense and Security Market

12 Leading Companies in the USV Market

  • Acua Ocean
  • Applied Physical Sciences,
  • Atlas Elektronik
  • Austal USA
  • BAE Systems
  • Belgium Naval Robotics
  • Bramble Energy
  • ECA Group
  • Elbit Systems
  • General Dynamics
  • Gibbs & Cox
  • Huntington Ingalls Shipbuilding
  • InMar Technologies
  • iXblue
  • JMU Defense Systems
  • Kership
  • L3Harris
  • Lockheed Martin
  • Naval Group
  • Northrop Grumman
  • PDL Shipyard
  • Piriou Shipyards
  • Rafael
  • Saab
  • SEA-KIT
  • Sealartec
  • ST Engineering
  • Terma
  • Textron Systems
  • Thales

For more information about this report visit https://www.researchandmarkets.com/r/8e6fwy

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Oncolytics Biotech® Announces Upcoming Presentations at the American Society of Clinical Oncology Annual Meeting

Published

on

oncolytics-biotech-announces-upcoming-presentations-at-the-american-society-of-clinical-oncology-annual-meeting

SAN DIEGO and CALGARY, AB, April 25, 2024 /PRNewswire/ — Oncolytics Biotech® Inc. (NASDAQ: ONCY) (TSX: ONC), a leading clinical-stage company specializing in immunotherapy for oncology, today announced the acceptance of two abstracts at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting, which is taking place from May 31 – June 4, 2024, in Chicago, Illinois. Details on the abstracts and poster presentation are shown below.

Title: Phase 1/2 randomized, open-label, multicenter, Simon two-stage study of pelareorep combined with modified FOLFIRINOX +/- atezolizumab in patients with metastatic pancreatic ductal adenocarcinoma.
Presentation Type: PosterAbstract Number: TPS4203Session Title: Gastrointestinal Cancer – Gastroesophageal, Pancreatic, and HepatobiliarySession Date and Time: June 1, 2024, 1:30 – 4:30 p.m. CTTitle: Pelareorep driven blood TIL expansion in patients with pancreatic, breast and colon cancer.Presentation Type: Online abstractAbstract Number: e14625
Abstracts will be published on the ASCO Annual Meeting website at 5:00 p.m. ET on May 23, 2024.
About Oncolytics Biotech Inc.
Oncolytics is a clinical-stage biotechnology company developing pelareorep, an intravenously delivered immunotherapeutic agent. Pelareorep has demonstrated promising results in two randomized Phase 2 studies in metastatic breast cancer and Phase 1 and 2 studies in pancreatic cancer. It acts by inducing anti-cancer immune responses and promotes an inflamed tumor phenotype — turning “cold” tumors “hot” — through innate and adaptive immune responses to treat a variety of cancers.
Pelareorep has demonstrated synergies with multiple approved oncology treatments. Oncolytics is currently conducting and planning combination clinical trials with pelareorep in solid and hematological malignancies as it advances towards registrational studies in metastatic breast cancer and pancreatic cancer, both of which have received Fast Track designation from the FDA. For further information, please visit: www.oncolyticsbiotech.com or follow the company on social media on LinkedIn and on X @oncolytics.
 
Company Contact
Jon Patton
Director of IR & Communication
[email protected]
 
Investor Relations for Oncolytics
Timothy McCarthy
LifeSci Advisors
+1-917-679-9282
[email protected]
 
 

View original content:https://www.prnewswire.co.uk/news-releases/oncolytics-biotech-announces-upcoming-presentations-at-the-american-society-of-clinical-oncology-annual-meeting-302127245.html

Continue Reading

Artificial Intelligence

Internet of Things (IoT) Market to Expand at a Stellar 19.4% CAGR through 2031 | SkyQuest Technology

Published

on

internet-of-things-(iot)-market-to-expand-at-a-stellar-19.4%-cagr-through-2031-|-skyquest-technology

WESTFORD, Mass., April 25, 2024 /PRNewswire/ — SkyQuest projects that the Internet of Things (IoT) Market will attain a value of USD 1572.37 billion by 2031, with a CAGR of 19.4% over the forecast period (2024-2031). Internet of Things (IoT) refers to the network of connected devices over the internet that are embedded with sensors and software. Growing adoption of automation around the world and advancements in connected device technologies are forecasted to be key factors driving the Internet of Things (IoT) market growth in the future.

Download a detailed overview:
https://www.skyquestt.com/report/internet-of-things-market
Browse in-depth TOC on “Internet of Things (IoT) Market”
Pages – 197Tables – 69Figures – 75Internet of Things (IoT) Market Overview:
Report Coverage
Details
Market Revenue in 2023
$ 380.6 billion
Estimated Value by 2031
$1572.37 billion
Growth Rate
Poised to grow at a CAGR of 19.4%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Component Type, Application, and Region
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Rising demand for connected healthcare and growing use of industrial automation solutions
Key Market Drivers
Advancements in connectivity and connected device technologies
 
 
Hardware is Estimated to Dominate the Global Market Share Owing to High Use of Hardware Components in IoT
Hardware components such as sensors and actuators are highly vital to the proper functioning of any kind of Internet of Things (IoT) device. Growing adoption of IoT devices in different industry verticals for various applications is promoting market growth via this segment. The development of new hardware solutions also helps this segment maintain its dominance.
Smart Agriculture is the Fastest-growing Segment Owing to Rising Adoption of Precision Agriculture Practice
Rising emphasis on improving agricultural yield and sustainability has resulted in the growing adoption of smart agriculture and precision agriculture practices. IoT devices play a crucial role in monitoring and controlling different elements of a smart agriculture setup that is mostly automated using different smart devices thereby contributing to the IoT market growth as well.
Growing Adoption of 5G Technology Allowing North America to Dominate the Global Internet of Things (IoT) Market
Rapid adoption of 5G technology and high use of cloud-based platforms are key factors allowing North America to lead the demand for Internet of Things (IoT) around the world. Surging investments in the research and development of advanced technologies and the presence of key tech giants such as Amazon, Google, IBM, and Microsoft also helps the dominance of this region. Canada and the United States remain the most lucrative markets for Internet of Things (IoT) companies in North America through 2031.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/internet-of-things-market
Internet of Things (IoT) Market Insights:
Drivers
Advancements in connectivity and connected device technologies.Growing demand for Industrial IoT (IIoT) solutions.Increasing number of smart cities and development of smart infrastructure.Restraints
Lack of standardization of IoT devices and technologies.Privacy and data security issues.Interoperability challenges and complex integration scenarios.Prominent Players in Internet of Things (IoT) Market
MicrosoftCisco SystemsIntelSiemens (Germany)AWS (US)Oracle (US)Qualcomm (UK)SAP (Germany)IBM (US)Google (US)View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/internet-of-things-market
Key Questions Answered in Internet of Things (IoT) Market Report
What are the top drivers for Internet of Things (IoT) market going forward?Who are the leading Internet of Things (IoT) market players?Where will demand for Internet of Things (IoT) be high?Which component accounts for a dominant revenue share of the global Internet of Things (IoT) market?This report provides the following insights:
Analysis of key drivers (advancements in connectivity and connected device technologies, growing demand for industrial IoT (IIoT), development of smart infrastructure for smart cities, growing use of smart devices ), restraints (lack of standardization, complexities in integration, concerns regarding security and privacy of data), and opportunities (rising popularity of connected healthcare, increasing adoption of Industry 4.0, rising use of industrial automation), influencing the growth of Internet of Things (IoT) market.Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the Internet of Things (IoT) market.Market Development: Detailed analysis of potential regions where the market has potential to grow.Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.Related Reports:
Global Internet of Things in Retail Market
Global Internet of Things (IoT) in Agriculture Market
Global Internet of Things (IoT) Microcontroller Market
Global IOT In Healthcare Market
Global IOT in Manufacturing Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Contact:
Mr. Jagraj Singh Skyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/

View original content:https://www.prnewswire.co.uk/news-releases/internet-of-things-iot-market-to-expand-at-a-stellar-19-4-cagr-through-2031–skyquest-technology-302127239.html

Continue Reading

Artificial Intelligence

Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands

Published

on

sapiens-unveils-enhanced-reinsurance-and-analytics-solution-catering-to-evolving-market-demands

Latest version enhances operational efficiency, regulatory reporting, and strategic decision-making with robust business insights
ROCHELLE PARK, N.J., April 25, 2024 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of its latest version of Sapiens ReinsuranceMaster.

The new release of Version 9 brings a multitude of enhancements and technology stack updates, designed to empower insurers and reinsurers with robust, enriched functionality to support business requirements. This includes automating global inter-company retrocession, facilitating U.S. NAIC statutory reporting (Schedule F), and real-time reinsurance allocation support (‘reinsurance as a service’).
The latest release offers a multitude of enhancements, with one of the standout features being the seamless integration of Sapiens Intelligence with Sapiens ReinsuranceMaster. This integration empowers users with advanced data capabilities and actionable insights through out-of-the-box reinsurance reports and analytics of the reinsurance portfolio’s performance.
In addition, the new release brings significant improvements to the user experience, with a revamped user interface, enhancements in processing performance through improvements and parallel processing mechanisms, improved scalability and operability. 
“With the growing significance of reinsurance in today’s volatile environment, our latest version of Sapiens ReinsuranceMaster with Sapiens Intelligence offers even greater value to insurers and reinsurers, catering to the ever-changing demands of this dynamic market,” said Roni Al-Dor, Sapiens President & CEO. “Leveraging the shared experience from our other products as well as requirements from our global client base, the solution is now very well-positioned to support global automation of complex reinsurance programs and provide management with insights into reinsurance performance as well as statutory reporting.”  
Sapiens ReinsuranceMaster is a comprehensive, single platform for large and multi-national reinsurance programs, providing full financial control and flexibility across all lines of business. The solution supports the entire range of reinsurance contracts, providing full support for all auditing requirements and a consolidated view of liabilities and risks, as well as helping prevent financial leakage.
Sapiens Intelligence, now a fully integrated component of Sapiens ReinsuranceMaster v.9, produces actionable insights to maximize the value of data and KPIs for smarter decision making, improving reinsurance business management.
About Sapiens  
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. With more than 40 years of industry expertise, Sapiens’ cloud-based SaaS insurance platform offers pre-integrated, low-code capabilities across core, data, and digital domains to accelerate our customers’ digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation, and life insurance markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit https://sapiens.com or follow us on LinkedIn  
Investor and Media Contact : Yaffa Cohen-Ifrah Sapiens Chief Marketing Officer and Head of Investor Relations Email: [email protected] 
Forward Looking Statements
Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to:  the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic,  and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.
While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
 
Logo: http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/sapiens-unveils-enhanced-reinsurance-and-analytics-solution-catering-to-evolving-market-demands-302127409.html

Continue Reading

Trending