Artificial Intelligence
Top News: Military Drone Market Size & Share to Surpass $ 26.0 Billion by 2028 | Vantage Market Research
WASHINGTON, Dec. 13, 2022 (GLOBE NEWSWIRE) — The Global Military Drone Market is valued at USD 13.4 Billion in 2021 and is projected to reach a value of USD 26.0 Billion by 2028 at a CAGR of 11.7% over the forecast period.
Market Overview
According to Vantage Market Research, In the upcoming years, demand for military UAVs will be fueled by the expanding usage of uncrewed aerial vehicles (UAVs) in the defense and security sector for a variety of purposes, including surveying, mapping, transporting, combat operations, and monitoring. Global market expansion is anticipated to be aided by the rise in defense spending as more nations purchase modern, technologically advanced Military Drone Markets/UAVs for enhanced combat capability. Artificial intelligence (AI) is updating Military Drone Market technology by selecting targets automatically and precisely.
Key Highlights from Report:
- Among Types, the Fixed-wing segment is anticipated to dominate the Military Drone Market. This is due to the premium structure quality that helps long-distance surveillance and defense operations. Moreover, fixed-wing drones use wings to move upward from the ground at the time of take-off, like airplanes. Also, they need engines to provide them a forward thrust, whereas wings offer them the required vertical lift for flying. In addition, the fixed-wing segment is further divided into vertical take-off and landing (VTOL) and conventional take-off and landing (CTOL).
- The ISRT sub-segment of the Application segment accounted for the largest market share. This segment is likely to flourish owing to the part of UAVs in defense production in place of combat operations. Such flying machines are intended for vital information and collecting data on the terrorist area. Besides, the air force, army, navy, and other security agencies have recently been utilizing the UAV for transportation and logistics.
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Market Dynamics
Spending on the military is rising, and the defense industry is buying more Military Drone Markets
Many nations invested significantly in bolstering their armed forces, which is anticipated to boost market expansion. According to a survey by the Stockholm International Peace Research Institute (SPIRI), worldwide military spending reached USD 1,981 billion in 2020, an increase of 2.6% from 2019. The United States ($778 billion), China ($252 billion), India ($72.9 billion), Russia ($61.7 billion), and the United Kingdom ($71.8 billion) had the top five defense budgets in 2020. (59.2 billion).
Over the past few years, countries like Russia, India, China, and Saudi Arabia have invested significantly in buying and updating the world’s defense infrastructure. It is anticipated that such causes will increase demand for military uncrewed aerial vehicles in the coming years. For instance, India and the U.S. are scheduled to finalize their agreement in November 2021 to purchase 30 multi-mission MQ-9B long-endurance predator drones. The contract has a 3 billion USD value—additionally, the armed forces’ increasing purchases of next-generation Military Drone Markets fuels market expansion. Moreover, in September 2021, the Indian Army and Israel’s Elbit Security Systems (ELSEC) agreed to a USD 13.7 million contract for the purchase of more than 100 strike drones.
Cross-border conflicts are on the rise in several countries, which will drive market expansion
The demand for the product is anticipated to rise as border disputes over land ownership and territory control between two or more states become more frequent. India, China, Pakistan, Iran, Israel, Syria, and other countries have been dealing with territorial disputes over the past few years. These nations have increased military spending to buy real-time surveillance drones in order to improve situational awareness through improving border patrolling. For instance, the China-India border issue reached a very dangerous level in June 2020 for the first time in more than four decades. Thousands of Chinese and Indian soldiers have been engaged in a standoff in the Himalayan area of Ladakh since May. The use of drone technology is crucial to resolving their border conflict. Both nations are using military unmanned aircraft for high-altitude logistical and reconnaissance missions.
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Recent Development:
- In March 2022, Gambit is an Autonomous Collaborative Platform (ACP) designed through digital engineering to speed it’s time to market and lower acquisition costs. The jet-powered platform is being built for air dominance and will heavily leverage advances in artificial intelligence and autonomous systems.
- In December 2021, The Mojave is an unmanned aerial vehicle (UAV) capable of short take-off and landing (STOL). Mojave essentially takes a Gray Eagle fuselage and adds enlarged wings with high-lift devices and a Rolls Royce 450-horsepower turboprop engine. The UAS is based on the avionics and flight control systems of the MQ-9 Reaper and the MQ-1C Gray Eagle- Extended Range.
Top Trends in Global Military Drone Market
- The South Korean government approved a plan to produce surveillance and reconnaissance drones domestically by 2031 in December 2021. The purchase of these drones is intended to strengthen the nation’s defensive capacities, notably in the northwest border islands.
- Boeing intended to transform repurposed U.S. Using advanced unmanned and manned target drones; the Air Force converted Lockheed Martin F-16 jet jets. The contract was worth USD 49.7 million.
Top Report Findings
- Based on End user, according to estimates, the fixed-wing market sector will continue to dominate the market for Military Drone Markets in 2021 and beyond. Fixed-wing aircraft often have a higher payload capacity and can fly farther and for longer periods of time while using less power than VTOL (Vertical Take-off and Landing) UAVs. This makes them perfect for long-distance missions like mapping, surveillance, and defense, in which long-term endurance is essential. As a result, numerous military forces throughout the world heavily utilize them in the defense sector. These elements are anticipated to fuel segment growth during the projected timeframe.
- Based on deployment type, Due to the widespread use of EVLOS UAVs in effective combat management, electronic warfare, and long-range missions to gather crucial information, the EVLOS segment is expected to expand at a high CAGR over the forecast period.
Global Military Drone Market Segmentation:
Vantage Market Research Has Studied the Global Military Drone Market with Detailed Segmentation on the Basis of Application, End Use, Range, Propulsion Type, Endurance, Launching, MTOW, and Key Regions.
Application
- Intelligence
- Delivery and Transportation
- Combat Operations
- Battle Damage Management
Type
- Fixed-wing
- Rotary-wing
- Hybrid/Transitional
Range
- Visual Line of Sight (VLOS)
- Extended Visual Line of Sight (EVLOS)
- Beyond Line of Sight (BLOS)
Propulsion Type
- Battery Powered
- Fuel Cell
- Hybrid Cell
Endurance
- <1–2 Hours
- 2–6 Hours
- >6 Hours
Launching
- Vertical Take-off
- Automatic Take-off and Landing
- Catapult Launcher
- Hand Launched
MTOW
- <25 Kilograms
- 25–150 Kilograms
- >150 Kilograms
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Top 6 Players Generates More Than 28% of the Global Military Drone Market Revenue
The key players in the Military Drone Market include General Atomics Aeronautical Systems Inc. (GA-ASI) (US), Northrop Grumman Corporation (US), Elbit Systems Ltd. (Israel), Israel Aerospace Industries Ltd. (Israel), AeroVironment, Inc. (US), Lockheed Martin Corporation (US), Thales Group (France), Boeing (US), among others.
Top Players in the Global Military Drone Market
- General Atomics Aeronautical Systems Inc. (GA-ASI) (US)
- Northrop Grumman Corporation (US)
- Elbit Systems Ltd. (Israel)
- Israel Aerospace Industries Ltd. (Israel)
- AeroVironment, Inc. (US)
- Lockheed Martin Corporation (US)
- Thales Group (France)
- Boeing (US)
Regional Analysis:
- North America dominates the military drone’s market in terms of revenue and market share because of increasing adoption of drones with advanced technology in this region.
- Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to increasing defense budget, especially in developing countries in this region.
Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on Military Drone Market Forecast Report (2022-2028).
Scope of the Report:
| Report Attributes | Details |
| Market Size in 2021 | USD 13.4 Billion |
| Revenue Forecast by 2028 | USD 26.0 Billion |
| CAGR | 11.7% from 2022 to 2028 |
| Base Year | 2021 |
| Forecast Year | 2022 to 2028 |
| Key Players | General Atomics Aeronautical Systems Inc. (GA-ASI), Northrop Grumman Corporation, Elbit Systems Ltd., Israel Aerospace Industries Ltd., AeroVironment Inc., Lockheed Martin Corporation, Thales Group, Boeing |
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Artificial Intelligence
Skai positioned as Leader in the 2024 SPARK Matrix for AdTech Platforms by Quadrant Knowledge Solutions
The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading advertising technology vendors.Skai, with its omnichannel advertising platform, receives strong ratings across the parameters of technology excellence and customer impact.MIDDLETON, Mass., May 2, 2024 /PRNewswire/ — Quadrant Knowledge Solutions announced today that it has named Skai as a 2024 technology Leader in the SPARK Matrix analysis of the global SPARK Matrix™ AdTech Platform 2024 Market.
Quadrant Knowledge Solutions’ AdTech Platform market research includes a detailed global market analysis, competitive landscape, and functional capabilities. It aims to provide strategic information for technology vendors to enhance their understanding of the market and support their growth strategies by evaluating different vendors’ capabilities, competitive differentiation, and market position.
According to Piyush Kumar, Analyst, Quadrant Knowledge Solutions, “Skai’s ad tech platform offers an integrated approach to omnichannel media orchestration. It combines campaign activation and management capabilities with advanced AI-driven insights to help marketers make smarter decisions. The platform is designed to provide marketers with a holistic view of their media across all advertising touchpoints, ensuring that marketers are not just reacting to data, but are proactively leveraging it to make choices that drive results. Skai’s industry-first capabilities empower marketers to maximize every channel they’re utilizing across every campaign lifecycle, while streamlining operational processes and deepening understanding of consumer behavior and campaign performance. This has positioned Skai as the leader in the SPARK Matrix: Ad Tech Platforms, 2024.”
Quote by Skai:
“As walled garden media evolves into a full-funnel, omnichannel approach underpinned by first-party data and AI, it is critical for brands, agencies, and retailers to work with an advertising technology platform that enables decisioning, activation, and optimization solutions across all top performance media channels,” said Gil Sadeh, Chief Growth Officer at Skai. “We are thrilled at the acknowledgment of our leading position in this space, and look forward to continuing to drive growth for our customers and partners.”
For more information about Skai visit here
About Skai
Skai is an omnichannel advertising platform, uniquely enabling brands and agencies to run data-driven programs across walled garden media. It empowers both media leaders and activation teams to drive impactful results from their advertising program with AI-powered decisioning, activation, and optimization solutions. Its partners include Google, Amazon Ads, Microsoft, Walmart Connect, Apple Search Ads, Instacart, Criteo, TikTok, Snap, Pinterest, Meta, and more.
For over a decade, Skai has earned the trust of notable brands such as HP, Doordash, Sony, Philips, and L’Oreal. Renowned for innovation and a values-driven culture, Skai is headquartered in San Francisco and Tel Aviv with eight international locations.
Media Contacts:Media Contact- [email protected]
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://quadrant-solutions.com/market-research/
Contact:Ajinkya IngleQuadrant Knowledge SolutionsRegus Business Center35 Village Road, Suite 100,Middleton Massachusetts 01949United StatesEmail: [email protected] Phone: (+1) 978-344-2770Content Source: https://quadrant-solutions.com/press-release/skai-positioned-as-leader-in-the-2024-spark-matrix-for-adtech-platforms-by-quadrant-knowledge-solutions-577Connect with us on LinkedIn- https://www.linkedin.com/company/quadrant-knowledge-solutions/
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The Industry-Leading Motion Platform Company will Present Cutting-Edge Products Like the Award-Winning Dart-Suite Robot Ecosystem and an AI-Powered Bartending Cobot “Mixmaster Moodie”
CHICAGO, May 2, 2024 /PRNewswire/ — Doosan Robotics Inc., one of the world’s leading collaborative robot (cobot) manufacturers, is poised to transform the robotics landscape at Automate 2024, North America’s largest automation showcase, with the industry’s latest cobot advancements across various sectors. Doosan Robotics is exhibiting at Automate May 6-9 at McCormick Place booth #850 in Chicago, IL.
With a comprehensive range of cobots and cutting-edge software like Dart-Suite and AI technology, Doosan Robotics is dedicated to revolutionizing motion solutions tailored to human needs. From machine tending to palletizing, welding, and F&B services, the company offers a diverse array of ready-to-sell solutions catered to both domestic and global markets. That is why Doosan Robotics’ theme at this year’s Automate is “The Motion Platform Company.”
On May 6, Doosan Robotics will unveil its latest, never-before-seen industrial cobot which boasts the greatest capabilities of any machine in its category including a 30 kg payload.
Doosan Robotics booth will feature Dart-Suite, a 2024 RBR50* (Robotics Business Review) Innovation Award-winning advanced robot ecosystem designed to redefine the way customers utilize Doosan cobots. The scalable platform elevates cobot capabilities by providing unlimited programmable motions, while ensuring accessibility for all. Dart-Suite fosters a cohesive environment where every component synergizes, empowering users to create, market, download, and activate functions through diverse interfaces. This evolution propels robots from mere static tools to dynamic, flexible collaborators. The Dart-Suite platform has also been honored as a finalist of the 2024 Automate Innovation Awards in the category of Software.
“Our team at Doosan Robotics is honored to return to Automate 2024, the pinnacle event of automation in North America,” expressed William Ryu, CEO, Doosan Robotics. “We’re committed to transforming the robotics landscape and Automate holds immense strategic significance for us, offering a direct gateway to various industries. Our cobot line’s power will be on full display, alongside the customizable functionality and usage that differentiate our technology. We look forward to sharing our innovative solutions and continuing to drive the industry forward.”
While at Automate, drinks are on Doosan! The industry-leading, motion-platform company will showcase “Dr. Presso,” an unmanned modular café equipped with a top-of-the-line coffee machine, and “Mixmaster Moodie,” a bartending cobot powered by Microsoft’s OpenAI. “Mixmaster Moodie” is coupled with “Tetote,” Bridgestone’s soft robot hand powered by bendy rubber artificial muscle that employs a pioneering cocktail recommendation system to serve a cocktail based on visual and audio cues. Doosan will also present its Training Kit, a certified training equipment which allows users to practice and experience Doosan’s cobot training programs anytime, anywhere.
Doosan Robotics joined forces with prominent global companies, each celebrated for their expertise and dominant presence in the market, to pioneer AI cobot solutions for commercialization. These best-in-class partners in each solution include the Apex Motion Control’s Baker-Bot Quad, a first-of-its-kind modular cake decorating system which consists of individual robotic stations including top and side cake icing, decorative borders, top rosettes, and writing messages and drizzling.
Other partnerships include the Paltz De-palletizing System, a robotic depalletizing work cell with vision from BeRobox with CMES; Ellison Technologies’ AutoPilot Machine Tending Solution which is a load/unload system designed ideally for CNC Machine Tools for the manufacturing industry; the Cloos ArcBot, a Doosan M1013 cobot arm with integrated Cloos StarT welding pack; Hillside Automation’s CNCtender, a Complete Machine Tending solution with software interface on new generation controller; and MARI AARS System which simplifies the deployment, operation, and maintenance of robotic automation systems, marking a groundbreaking advancement in user-friendly AI software and plug-and-play hardware.
Doosan Robotics is driven by a vision to elevate everyday experiences and redefine labor workflows. Their exceptional range of AI cobots is poised to bring about a paradigm shift across various sectors, including manufacturing, logistics, food & beverage, architecture, and service industries. These cutting-edge solutions transcend the constraints of conventional robotics, adeptly maneuvering through intricate scenarios while infusing tasks with enhanced efficiency, safety, and ingenuity. Moreover, the AI system boasts continuous learning capabilities, effortlessly updating its model by autonomously downloading required modules for smooth integration.
Doosan Robotics’ exhibit is located at booth #850 at McCormick Place in Chicago, IL from May 6-9, 2024.
For more information on Doosan Robotics’ Automate 2024 presence, please contact [email protected].
*For more than a dozen years, the RBR50 Robotics Innovation Awards have recognized robots that promise to positively change how we work and live. WTWH Media’s robotics editors select the honorees on the basis of how they address technology and business challenges. The 2024 winners will be celebrated at the inaugural RBR50 Gala at the Robotics Summit & Expo.
ABOUT DOOSAN ROBOTICSDoosan Robotics is a global leader in collaborative robot solutions, embodying the principle of ‘Innovation in every motion, revolutionizing the way we work.’ Doosan robots, known for world-class safety and precision, enhance task efficiency across various sectors from manufacturing to service, enabling people to focus on more valuable work. More information about Doosan Robotics is available at https://www.doosanrobotics.com/en/.
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Artificial Intelligence
AdTheorent named Leader in the 2024 SPARK Matrix for AdTech Platforms by Quadrant Knowledge Solutions
The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading AdTech platform vendors.AdTheorent, with its comprehensive machine learning-powered technology platform, receives strong ratings across the parameters of technology excellence and customer impact.MIDDLETON, Mass., May 2, 2024 /PRNewswire/ — Quadrant Knowledge Solutions announced today that it has named AdTheorent as a 2024 technology Leader in the SPARK Matrix analysis of the global AdTech Platform market.
Quadrant Knowledge Solutions’ AdTech Platform market research includes a detailed global market analysis, competitive landscape, and functional capabilities. It aims to provide strategic information for technology vendors to enhance their understanding of the market and support their growth strategies by evaluating different vendors’ capabilities, competitive differentiation, and market position.
According to Piyush Kumar, Analyst, Quadrant Knowledge Solutions, ‘The AdTheorent platform stands out in the AdTech Platform market due to its advanced machine learning and privacy-forward solutions including its predictive targeting, audience extension solutions, geo-intelligence, and Studio AT creative capability. The platform’s unique features including ID-independent targeting and cross-device mapping help organizations tackle the cookie depreciation challenges, engaging customers across multiple devices, and supporting industry-specific use cases. AdTheorent with its strong partner ecosystem, product strategy & performance, vision, and roadmap has been recognized and is positioned as an emerging leader in SPARK Matrix: AdTech Platform, 2024.’
Quote by AdTheorent:
‘AdTheorent is an ID-independent platform that uses advanced machine learning technology to predict the value of ad impression opportunities based on advertiser goals. Our unique capabilities have never been more relevant as the digital advertising industry evolves beyond ID-based targeting. AdTheorent’s 12-year investment in machine-learning innovation positions us and our advertising partners for success in the post-cookie world,” said Jim Lawson, CEO of AdTheorent. “We are honored to be recognized as a leader in the 2024 Spark Matrix for AdTech Platforms by Quadrant Knowledge Solutions.’
Additional Resources:
For more information about AdTheorent visit here. Complimentary Download – SPARK Matrix™: AdTech PlatformAbout AdTheorent
AdTheorent (Nasdaq: ADTH) uses advanced machine learning technology and privacy-forward solutions to deliver impactful advertising campaigns for marketers. AdTheorent’s machine learning-powered media buying platform powers its predictive targeting, predictive audiences, geo-intelligence, audience extension solutions and in-house creative capability, Studio AT. Leveraging only non-sensitive data and focused on the predictive value of machine learning models, AdTheorent’s product suite and flexible transaction models allow advertisers to identify the most qualified potential consumers coupled with the optimal creative experience to deliver superior results, measured by each advertiser’s real-world business goals.
AdTheorent is consistently recognized with numerous technology, product, growth, and workplace awards. AdTheorent was named ‘Best Buy-Side Programmatic Platform” in the 2023 Digiday Technology Awards and was honored with an AI Breakthrough Award and “Most Innovative Product” (B.I.G. Innovation Awards) for five consecutive years. Additionally, AdTheorent is the only seven-time recipient of Frost & Sullivan’s “Digital Advertising Leadership Award.’ AdTheorent is headquartered in New York, with fourteen locations across the United States and Canada. For more information, visit adtheorent.com.
Media Contacts:
Melanie Berger, [email protected]
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://quadrant-solutions.com/market-research/
Media Contacts:Quadrant Knowledge SolutionsAjinkya IngleQuadrant Knowledge SolutionsRegus Business Center35 Village Road, Suite 100,Middleton Massachusetts 01949United StatesEmail: [email protected] Phone: (+1) 978-344-2770Content Source: https://quadrant-solutions.com/press-release/adtheorent-named-leader-in-the-2024-spark-matrix-for-adtech-platforms-by-quadrant-knowledge-solutions-576Connect with us on LinkedIn- https://www.linkedin.com/company/quadrant-knowledge-solutions/
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