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UAV Market size is set to grow by USD 20.40 billion from 2024-2028, Increasing defense spending on unmanned technologies boost the market, Technavio

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NEW YORK, May 30, 2024 /PRNewswire/ — The global UAV market  size is estimated to grow by USD 20.40 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 9.96%  during the forecast period. 

For more insights on the forecast market size and historic data (2018 – 2022) – Download a Sample Report

Segment Overview 

Application 1.1 Defense and homeland security1.2 Commercial and civilType 2.1 Rotary wing2.2 Fixed wing2.3 HybridGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Defense and homeland security-  The UAV market has experienced significant growth due to advancements in microelectronic components and other technologies in the aerospace industry. MALE UAVs, such as the Predator and Reaper, have become essential tools for ISR missions, offering superior performance and long range capabilities.

Emerging countries are upgrading their UAV arsenals to maintain aerial dominance. Defense budget cuts have led to the procurement of mini-UAVs, creating opportunities for subcomponent providers to offer efficient solutions to UAV manufacturers. Technavio anticipates that technological advances will drive the defense and homeland security segment of the global UAV market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

UAV Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.96%

Market growth 2024-2028

USD 20.40 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.6

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, Canada, China, Australia, and India

Key companies profiled

AeroVironment Inc., BAE Systems Plc, DELAIR SAS, Draganfly Inc., Dynamatic Technologies Ltd., Elbit Systems Ltd., Field Group AS, General Atomics, Israel Aerospace Industries Ltd., Leonardo S.p.A., Lockheed Martin Corp., Northrop Grumman Corp., Parrot Drones SAS, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., SZ DJI Technology Co. Ltd., Textron Inc., Thales Group, The Boeing Co., and Turkish Aerospace Industries Inc.

Market Driver

UAV manufacturers are exploring alternative propulsion technologies to reduce their reliance on fossil fuels. Hydrogen fuel cells have gained popularity due to their superior power-to-weight ratio and longer flight duration in mid-to large-scale UAVs. Chinese company MicroMultiCopter Aero Technology launched a hydrogen-fuel UAV named HyDrone, capable of flying for 4 hours continuously.

Solar power is another alternative, and manufacturers are investing in R&D to increase its efficiency for UAVs. These advancements are expected to expand the capabilities of the UAV market. 

The UAV market is experiencing significant growth with increasing demand for drones in various sectors. Systems with advanced capabilities such as high definition cameras, long flight duration, and increased payload capacity are trending. The construction industry utilizes UAVs for surveying and inspecting sites, while agriculture uses them for crop monitoring and spraying.

Security and defense sectors also rely on UAVs for surveillance and reconnaissance. Unmanned aerial vehicles are also used in media and entertainment for filming and photography. Vehlance Systems offers innovative UAV solutions with vectoring technology, providing control and maneuverability in tight spaces. 

Market Challenges

•         The UAV market faces challenges due to spectrum congestion caused by the increasing number of wireless devices and data-intensive military applications. The shortage of bandwidth for UAV communications can disrupt mission-critical information transmission. Interference from friendly or enemy sources is also a concern.

•         Operating UAVs in civil airspace and maintaining communication with foreign ATC systems adds complexity. Payload design for small UAVs, using custom SFF designs, can be costly. Spectrum management and payload design are crucial for UAV manufacturing and operations growth.

•         The Unmanned Aerial Vehicles (UAV) market faces several challenges. Logistics and consignment are key areas of concern, requiring efficient and reliable delivery systems. The use of UAVs for inventory management and supply chain optimization is increasing, but ensuring their safe and secure operation is a challenge. Regulations and compliance are also major hurdles, with various countries having different rules and regulations.

•         The cost of producing and maintaining UAVs is another challenge, as is the need for advanced technology and capabilities to meet the demands of various industries. Additionally, ensuring the privacy and security of data transmitted by UAVs is a significant challenge. Overall, the UAV market presents numerous opportunities, but addressing these challenges is essential for success.

Research report provides comprehensive data on impact of trend, driver and challenges – Request a sample report!

Research Analysis

The UAV market, encompassing drones and unmanned aerial vehicles (UAVs), continues to experience significant growth in various sectors, including defense and military, logistics, construction, agriculture, and commercial applications. Capabilities such as high-resolution sensors, advanced navigation systems, and innovative hardware components, including cameras, are driving the expansion of this industry.

The defense sector, in particular, is investing heavily in UAVs for surveillance, tactical operations, and logistical support. Commercial applications, such as delivery services and inspection, are also experiencing increased adoption due to their efficiency and cost-effectiveness. Regulations regarding the use of UAVs are evolving to accommodate this growth, ensuring safe and responsible integration into our airspace. Overall, the UAV market is poised for continued expansion, with new capabilities and applications emerging regularly.

Market Research Overview

The UAV market encompasses the design, development, production, and integration of unmanned aerial vehicles, also known as drones. These systems consist of various components such as sensors, vectors, systems, cameras, logistics, and communications. UAVs are utilized in various sectors including agriculture, construction, defense, delivery, mapping, and surveillance.

The technology behind UAVs is constantly evolving, with advancements in vehicle design, autonomy, and payload capabilities driving growth in the market. The UAV industry is experiencing significant investment and innovation, with new applications and use cases emerging regularly. The market is expected to continue expanding due to the increasing demand for efficient, cost-effective, and versatile aerial solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationDefense And Homeland SecurityCommercial And CivilTypeRotary WingFixed WingHybridGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Space Cybersecurity Market worth $8.59 billion by 2031 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 23, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Space Cybersecurity Market is expected to be valued at USD 5.52 billion in 2026 to USD 8.59 billion by 2031, at a CAGR of 9.2% during the forecast period.

Browse 200 market data Tables and 100 Figures spread through 300 Pages and in-depth TOC on ” Space Cybersecurity Market – Global Forecast to 2031″

Space Cybersecurity Market Size & Forecast:

Market Size Available for Years: 2021–20312026 Market Size: USD 5.52 billion2031 Projected Market Size: USD 8.59 billionCAGR (2026–2031): 9.2%

Space Cybersecurity Market Trends & Insights:

The space cybersecurity market is developing as government and defense organizations, commercial satellite operators, and space agencies require stronger protection for satellite networks, ground infrastructure, communication links, and mission-critical systems. Advances in encryption, identity and access management, threat detection, security analytics, cloud security, and secure satellite communications are enabling space systems to operate more securely against evolving cyber threats. Cybersecurity investments are also supporting wider adoption of integrated security solutions across satellite communications, Earth observation, navigation and PNT, mission planning and control, data processing, and launch operations.The Asia Pacific space cybersecurity market is expected to exhibit the highest CAGR of 12.0% between 2026 and 2031.The services segment is expected to register the highest CAGR of 10.1% between 2026 and 2031.The defense segment is estimated to account for the largest market share in 2026.Thales, General Dynamics Corporation, Viasat, Inc., Leonardo S.p.A., and Booz Allen Hamilton Inc. were identified as some of the key players in the space cybersecurity market (global), given their strong market share and product footprint.CYSEC, SpiderOak Inc., Spaceit, Xage Security, Inc., and QuSecure, Inc., among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders. 

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The market is expanding as defense organizations, commercial satellite operators, and government agencies increase investments in cybersecurity solutions to protect satellites, launch vehicles, ground stations & gateways, command and control centers, and critical space infrastructure. Demand is also being supported by the need for secure satellite communications, protection of mission-critical data, continuous threat monitoring, and operational resilience. Advances in encryption, identity and access management, intrusion detection, secure software architectures, and cybersecurity monitoring are improving protection against unauthorized access and cyberattacks. Modern space cybersecurity systems are also enabling secure software updates, automated threat detection, and stronger protection of interconnected satellite and ground networks. The European Space Agency’s Cyber Security Operations Centre, inaugurated in May 2025, demonstrates the increasing use of integrated cybersecurity monitoring to protect satellites, ground stations, and mission control systems.

The space cybersecurity industry is moving toward standardized security architectures and integrated cybersecurity solutions that can protect multiple space assets through common security systems. This approach enables satellite operators, defense organizations, and space agencies to secure satellites, ground stations, communication networks, and mission control systems while sharing encryption, authentication, threat detection, and security monitoring capabilities. The European Space Agency (ESA) uses a multiplatform cybersecurity architecture with shared security functions across space and ground infrastructure, helping improve security management, reduce integration complexity, and support consistent protection across different space missions.

By asset type, satellite segment to account for largest market share during forecast period

The satellite segment is expected to retain the largest share and register the fastest growth as commercial satellite operators, defense organizations, and government agencies increase investments in protecting satellites against cyber threats. Demand is supported by expanding LEO, MEO, and GEO satellite networks, secure communication requirements, onboard cybersecurity integration, and protection of satellite command systems. In May 2026, the European Space Agency (ESA) highlighted cybersecurity developments under its General Support Technology Programme, including secure onboard computing, encryption, and protected satellite communication systems.

By end user, defense segment to account for largest market share during forecast period

The defense segment is expected to retain the largest market share, based on end user, because military organizations depend on secure satellite communications, navigation, intelligence gathering, surveillance, and mission-critical command systems. Defense space programs require cybersecurity solutions to protect classified information, satellite control networks, communication links, and ground infrastructure against unauthorized access and cyberattacks. Increasing investments in military satellite constellations, secure communication architectures, encryption technologies, and continuous cybersecurity monitoring are supporting demand for satellite protection, threat detection, identity and access management, and mission security services.

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North America to account for largest market share during forecast period

The space cybersecurity market in North America is supported by US defense space programs, commercial satellite deployments, government cybersecurity initiatives, and investments in secure space infrastructure. The region benefits from the presence of companies such as Lockheed Martin Corporation, Northrop Grumman Corporation, General Dynamics Corporation, Viasat, Inc., and Leidos Holdings, Inc. The National Institute of Standards and Technology (NIST) published NIST IR 8401, providing a cybersecurity framework for protecting satellite ground segment operations and command and control systems. Growing deployment of military and commercial satellites is supporting demand for network security, encryption, threat monitoring, and cybersecurity services across the region.

Thales (France), General Dynamics Corporation (US), Viasat, Inc. (US), Leonardo S.p.A. (Italy), and Booz Allen Hamilton Inc. (US) are among the major players in the space cybersecurity companies. These companies have established distribution and service networks across regions such as North America, Europe, Asia Pacific, the Middle East, and the Rest of the World.

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Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

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HawkEye 360 Successfully Launches Cluster 16 with Advanced Collection and Downlink Capabilities

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Dedicated satellite cluster introduces advanced antenna technology designed to support simultaneous RF collection and mission data downlink

HERNDON, Va., Oct. 23, 2026 /PRNewswire/ — HawkEye 360, Inc. (NYSE: HAWK), the global leader in signals intelligence data and analytics, today announced the successful launch of Cluster 16, a three-satellite cluster featuring advanced antenna technology designed to expand the flexibility and capacity of the Company’s space-based RF collection architecture.

Cluster 16 launched aboard Rocket Lab’s Electron rocket as part of the dedicated mission, “We’re Not Hawking Around,” from Rocket Lab Launch Complex 1 in New Zealand. Following deployment into an inclined orbit, HawkEye 360’s space operations team successfully established communications with all three satellites and began the commissioning process.

The launches of Clusters 15 and 16, deployed just three days apart from launch sites on opposite sides of the world, demonstrate HawkEye 360’s ability to manage a complex global launch cadence. With rideshare capacity increasingly constrained, the Company has secured launch opportunities through 2028 to maintain constellation continuity, preserve flexibility, and support evolving customer mission requirements.

Cluster 16 also includes advanced antenna capabilities supporting the simultaneous collection of multiple RF signal types and mission data downlink. Together, Clusters 15 and 16 are the first HawkEye 360 satellites designed with this capability, increasing collection opportunity while enabling faster delivery of mission data to customers.

Cluster 16 will provide dedicated capacity in support of a HawkEye 360 customer, demonstrating the Company’s ability to configure and operate its space-based collection architecture around defined customer requirements and specific operational priorities.

“Cluster 16 advances both the capability and flexibility of our constellation,” said John Serafini, Chief Executive Officer of HawkEye 360. “Simultaneous collection and downlink allow us to make better use of time on orbit, increasing our ability to collect signals while moving mission data to the ground more efficiently. Combined with dedicated capacity, this gives us another way to tailor our architecture around the operational needs of our customers.”

The three satellites will operate in formation to detect, characterize and geolocate RF signals from space. Once commissioning is complete, Cluster 16 will expand HawkEye 360’s capacity to support defense, intelligence and security missions with timely, shareable signals intelligence.

About HawkEye 360
HawkEye 360 is equipping defense, intelligence, and national security leaders with mission-critical signal intelligence to enable faster, better decision-making. By detecting, geolocating, and characterizing radio-frequency emissions worldwide, HawkEye 360 delivers trusted domain awareness and early-warning indicators to the U.S. Government and allied partners. Our space-based collection, proprietary signal processing, and AI-powered analytics transform knowledge of the RF spectrum into a strategic advantage. Proven by operational mission success, HawkEye 360 is redefining how signals intelligence strengthens national and global security.

Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding the availability and capabilities of the Company’s products, are forward-looking statements and represent the Company’s views as of the date of this press release. The words “will,” “expects,” “plans,” “could,” “would,” “believes,” “anticipates,” “intends,” “may,” “continue,” “estimate,” or similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control that could affect its financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s quarterly report on Form 10-Q dated August 14, 2026, and other filings that the Company makes from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, the Company operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for management to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, the Company is under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

 

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SOURCE HawkEye 360 Inc.

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/R E P E A T — Media Advisory – Parliamentary Secretary Bardeesy to announce investments for research talent, interdisciplinary research and indirect cost of research/

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HAMILTON, ON, Oct. 22, 2026 /CNW/ — On behalf of the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, Karim Bardeesy, Parliamentary Secretary to the Minister of Industry, will announce the results of multiple federal research grants that will help attract and retain talent, strengthen research security and support discoveries.

Parliamentary Secretary Bardeesy will be joined by Normand Labrie, Interim President of the Social Sciences and Humanities Research Council of Canada.

The announcement will be immediately followed by media availability.

Date: Friday, October 23, 2026

Time: 8:45 a.m. (eastern)

Location: Hamilton, Ontario

Members of the media are asked to register at communications@chairs-chaires.gc.ca to receive event location details and confirm their attendance.

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Canadian Science: X, Facebook 

Tri-agency Institutional Programs Secretariat: X- @TIPS_SPIIE and LinkedIn – @TIPS-SPIIE 

SOURCE Government of Canada

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