Blockchain Press Releases
Combat Drone Market worth $10.8 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Aug. 1, 2023 /PRNewswire/ — The combat drone market is valued at USD 7.2 billion in 2023 and is projected to reach USD 10.8 billion by 2028, at a CAGR of 8.6% according to a new report by MarketsandMarkets™. The dynamic growth of the combat drone market is fueled by several compelling factors. Foremost among these is the escalating demand for precision strikes that minimize collateral damage.
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Browse in-depth TOC on “Combat Drone Market“
150 – Tables
60 – Figures
300 – Pages
Combat Drone Market Report Scope:
Report Coverage |
Details |
Market Revenue in 2023 |
$7.2 billion |
Estimated Value by 2028 |
$10.8 billion |
Growth Rate |
Poised to grow at a CAGR of 8.6% |
Market Size Available for |
2019–2028 |
Forecast Period |
2023–2028 |
Forecast Units |
Value (USD Million/Billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
By Platform, Application, Type, Launching Mode and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
Key Market Challenge |
Issues with the safety and security of UAVs |
Key Market Opportunities |
Advancements in AI and Autonomy |
Key Market Drivers |
Growing adoption of combat drones due to their high precision and accuracy capabilities |
Capitalizing on their unmatched accuracy in targeting enemy positions, combat drones significantly reduce risks to civilians and critical infrastructure. Additionally, their real-time intelligence capabilities through surveillance and reconnaissance bolster situational awareness, playing a crucial role in informed decision-making during military maneuvers. Cost-effectiveness stands as another pivotal driver in the appeal of combat drones. Compared to traditional manned aircraft, drones boast lower operational costs and demand less maintenance, making them an enticing option for defense budgets. Furthermore, their inherent ability to mitigate risks to human life makes them highly advantageous in high-risk combat scenarios.
The continuous evolution of drone technology has yielded substantial enhancements in endurance and payload capacities, facilitating extended flight durations and the seamless integration of sophisticated weaponry. This versatility enables drones to undertake diverse roles, ranging from intelligence gathering to executing combat missions, further bolstering their promising market growth trajectory.
Based on Launching mode, the Automatic Take Off and Landing segment is projected to grow at the highest CAGR during the forecast period.
Based on the launching mode, the market is segmented into Air Launched Effect, Vertical Take-Off, Automatic Take Off and Landing, Catapult Launcher, and Hand Launched. The automatic take-off and landing segment includes drones that have the capability of taking off and landing autonomously. Drones capable of automatic take-off and landing are usually fixed-wing drones that need very short runways to take off and land. Fixed-wing drones that use automatic take-off and landing as the launching mode usually have an MTOW of 25 kilograms. Companies such as Northrop Grumman (US), Lockheed Martin (US), Israel Aerospace Industries (Israel), and General Atomics (US), among others, manufacture drones that use automatic take-off and landing-launching modes for various military applications.
Based on the Platform, small drones are projected to grow at the highest CAGR during the forecast period.
Based on the Platform, the combat drone industry is segmented into small, tactical, and strategic drones. Small drones include nano, micro, and mini drones that fly at an altitude of less than 350 meters. One example of a small drone is a Switchblade 300, a small loitering munition drone. It is about the size of a brick and weighs about 2.5 kilograms. The Switchblade 300 can be used to attack targets with a small explosive payload. Moreover, small drones are expected to witness increased demand from the defense sector for surveillance and reconnaissance activities and border security applications. These drones have efficient flight control systems and low operational costs. They have undergone technological advancements in recent times to suit military applications. However, the lack of proper air traffic management systems for the usage of drones and excessive safety risks in the form of large planes and ground installations such as fuel depots act as challenges for the growth of the small drone worldwide.
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North America Region is expected to lead the market during the forecast period.
North America Region is expected to lead the market during the forecast period. North America registered the largest share in the combat drone market in 2023. This large share is attributed to the presence of a large number of military UAV manufacturers in the US, such as General Atomics, Lockheed Martin Corporation, Raytheon Technologies Corporation, and Northrop Grumman. Moreover, technological upgrades in armed UAVs have fueled the growth of the combat drone market in the US. In addition, the allocation of a high defense budget by the US government for the improvement of army, air, and naval forces capabilities is expected to drive market growth during the forecast period. According to the Stockholm International Peace Research Institute (SIPRI) report in April 2023, the department of Defense had spent a defense budget of USD 2240 billion in 2022.
Key Players
Northrop Grumman (US), General Atomics Aeronautical Systems (US), Raytheon Technologies (US), Israel Aerospace Industries, Inc. (Israel) Airbus (France) are Key players in the Combat drone companies. They have mainly resorted to contracts to drive their growth along with launching technologically advanced and cost-effective products.
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Blockchain Press Releases
Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.
What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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Blockchain
ZettaBlock announces the addition of blockchain data
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
Blockchain
Hong Kong joins global crypto ETF race
Hong Kong has entered the cryptocurrency ETF market with the debut of its first spot cryptocurrency exchange-traded funds (ETFs) on Tuesday, signaling the city’s ambition to compete with the US in the rapidly growing sector.
The launch, led by the Hong Kong units of three mainland Chinese asset managers — Bosera Asset Management, Harvest Global Investments, and China Asset Management — saw the introduction of two ETFs each tracking bitcoin and ether prices. Bosera’s funds were launched in collaboration with HashKey Capital.
On their debut, the three bitcoin ETFs closed between 1.5% and 1.8% higher, while the ether ETFs experienced slight losses of between 0.5% and 0.8%. Despite this, total trading turnover for all six ETFs, which included trading in US dollars, Hong Kong dollars, and renminbi, reached approximately HK$99.5 million (US$12.7 million). In comparison, US-based funds saw turnover exceeding $4 billion on their first trading day.
The move marks Hong Kong’s commitment to becoming a significant player in the cryptocurrency space, following its announcement in 2022 amid pandemic restrictions and increased Chinese oversight. Joseph Chan, Hong Kong’s under-secretary for financial services and the treasury, emphasized the city’s leading position in Asia’s crypto asset development during the ETF listing ceremony.
Prior to this, CSOP Asset Management had launched Hong Kong’s first bitcoin and ether futures ETFs in late 2022, following the publication of rules for spot ETFs by the Securities and Futures Commission in December.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs, which have since attracted significant assets under management and net inflows. Robert Zhan, director of risk consulting at KPMG China, remains optimistic about the potential of the Hong Kong funds, despite current market sentiments and relatively flat prices of bitcoin and ether leading up to the launch.
The launch of crypto-linked funds by major Chinese asset managers has generated excitement within the industry, despite China’s strict cryptocurrency regulations. Donald Day, COO of Hong Kong-based digital asset exchange VDX, believes the new funds will cater to active investors unable or unwilling to trade during US hours.
Source: ft.com
The post Hong Kong joins global crypto ETF race appeared first on HIPTHER Alerts.
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