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Drone technology has advanced almost exponentially since their introduction roughly 50 years ago, to the point where drones are now one of the most important and cutting-edge tools used by modern militaries. This demand for military drones has boosted competition in the market and defense budgets alike.
The global military drone market size, valued at
ZenaDrone first launched drones to predict animal health and crop diseases. Recently, it made a foray into defense with the launch of ZenaDrone 1000, an unmanned vehicle with capabilities that include fully autonomous flights, highly detailed 3D mapping, geotagging, and thermal detection. It combines the best of both software and hardware to provide solutions for aerial monitoring and data gathering in defense.
On
With additional phases, SBIR would enable the company to win major government contracts worth up to
Additional stocks in the military drone space to pay attention to include:
NVIDIA Corporation (NASDAQ:NVDA) is a graphics chipmaker that also provides autonomous drones with AI-enabled flight control with object recognition capabilities.
Nvidia is one of the first companies to bring AI capabilities to commercial drones with its credit card-sized platform NVIDIA Jetson TX2
On
January 19 , the company released Nvidia Jetson Orin NX 16Gb module, the most advanced AI computer with the ability to boost performance and efficiency of drones
BAE Systems (OTC: BAESY) specializes in aerospace, security, and armaments. It develops security, defense, and aerospace technology systems for use in the air, on land, and at sea, including unmanned systems and drones.
On
Feb. 15 its Autonomous Pacific 24 rigid inflatable boat was the first ever unmanned military vessel to be awarded Lloyd’s Register Unmanned Marine Systems Certification.On
Feb. 28 BAE Systems unveiled a new uncrewed military aircraft that will be designed, manufactured and armed inAustralia . The STRIX uncrewed air system will be capable of air to ground strikes, surveillance and reconnaissance in "high-risk environments."
Elbit Systems Ltd. (NASDAQ:ESLT)is an
Its robotic and autonomous combat solution, the THOR VTOL, vertical takeoff and landing, is a mini unmanned aircraft system uniquely positioned to operate both in urban areas and marine zones. The platform is foldable, stored in a backpack and can be deployed in less than two minutes.
Its fully autonomous operation micro-unmanned aircraft system MAGNI is a foldable device designed for delivering day/night, 3D real-time intelligence.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is a government contractor for the
On
Feb. 23 Naval Air Systems Command awarded Kratos a sole source$49.6 million initial contract for production of the BQM-177A drones, its Subsonic Aerial Target System. Kratos has delivered 65 products previously, under a$14.7-million contract. Under this new agreement, it will deliver another 55 BQM-177A drones, mission kits, and technical data to the navy.On
March 1 the company said it can double or even triple its annually built 150 drones, including its Valkyrie XQ-58A, to meet possible surge in demand that could come from the Pentagon’s aid toUkraine and stocks depletion.
Conclusion
The market for military drones has strong drivers, with growing government spending being the most important one. The use cases of drones are expanding as well, to include military cargo delivery.
Investors hoping to get in and benefit should pay close attention to the news and advances that these drone manufacturers make as they continue to innovate and bring new products to market.
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