--News Direct--
The military drone market is one of the fastest-growing at the moment. It is expected to hit $20.64 billion in 2027 from the current $14.54 billion. While it has a powerful driver of increasing government spending, the growing number of border disputes between countries over who owns what land and who controls the space between them is yet another factor behind the growing demand for UAVs.
The companies that can ramp up manufacturing and production of UAVs fast have by far the strongest potential to win government contracts and market share in defense. The market offers a lot of potential as the application of military drones has expanded from operations, surveillance, mapping, communication to military equipment delivery. Drones are used more and more in combat operations, and as anti-terrorism weaponry, and this sector should be on the radar of investors as it offers a lot of opportunities.
We’re going to focus on four stocks in the sector today; EPAZ, USDR, BAESY, and ESLT
Epazz, Inc. (OTC: EPAZ) is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions. Its spinoff, ZenaDrone is the autonomous drone monitoring, inspection, and surveillance solution provider. Epazz Holdings is currently prioritizing developing the ZenaDrone 1000 autonomous drone product, a multifunctional unmanned aerial vehicle equipped with machine learning systems, multispectral sensors and AI technology. ZenaDrone uses the data captured from its cameras to create a 3D interactive environment.
On March 23, Epazz announced ZenaDrone was presented in front of various branches of the U.S. military. The military’s response has led to additional flight demonstrations with the U.S. Army.
In addition, Epazz said it is s filing a new international patent for the ZenaDrone 1000 platform, which is separate from the drone smart charging pad patent that it has already received on March 7. ZenaDrone is in the process of qualifying for Green UAS certification, which is a new US government compliance program, a crucial step for becoming a government provider of drone technology.
CEO Shaun Passley, Ph.D., said, “We have picked up the interest of the US Army for flight demonstrations and have discussions, which have been to the next level of other branches of the US military. We are excited about our process and looking to move to the next level of this company.”
Epazz Holding has a significant revenue potential related to government contracts with the US military, particularly once it receives all the necessary certifications.
UAS Drone Corp. (OTC: USDR), a company which designs, develops, and manufactures unmanned aerial systems to the law enforcement, security, oil and gas, cinematography, and agriculture sectors, primarily to customers in the US.
The subsidiary of UAS Drone Corp., Duke Robotics, has launched an IC Drone, a cost-efficient drone technology for conducting routine maintenance of critical infrastructure.
Duke Robotics has also developed TIKAD, an advanced robotic system designed to serve the growing need for tech solutions in the combat field. The proprietary complex kinematic algorithms that TIKAD is equipped with address the need of modern warfare to bear arms remotely on hostile targets without risk to military personnel. TIKAD can handle potentially dangerous situations from the air.
BAE Systems (OTC: BAESY) specialises 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. 28 BAE Systems unveiled a new uncrewed military aircraft that will be designed, manufactured and armed in Australia. The STRIX uncrewed air system will be capable of air-to-ground strikes, surveillance and reconnaissance in "high-risk environments."
This new UAV will offer support to military helicopters protecting their crews in dangerous environments.
Elbit Systems Ltd. (NASDAQ:ESLT) is an Israel-headquartered technology company, involved in numerous defense, homeland security, and commercial programmes. Its products include unmanned aircraft systems, command, control, computing, and communications (C4ISR), and aerospace, land, and naval systems.
The UK Ministry of Defense has contracted Elbit Systems UK to supply Magni-X micro-Uncrewed Aerial Systems (micro-UAS). The agency’s Defense Equipment and Support's Future Capability Group awarded the contract as part of the British Army's Human Machine Teaming framework.
The Australian Army has awarded Elbit Systems a contract to supply Skylark I LEX unmanned aerial systems (UAS). According to the company, the drones will be equipped with electro-optical and automatic dependent surveillance–broadcast systems to support various missions. Elbit Systems’ Skylark is a fully-autonomous, electric-propelled UAS that features a mission-oriented and intuitive man-machine interface with advanced image processing capabilities and the ability to deliver high-quality video day or night.
Conclusion
The market for military drones has strong drivers, as global military operations switch from relying on manned systems to increasingly relying on autonomous solutions.
This switch is due to a key advantage of military drones - their ability to operate in dangerous or hard-to-reach areas without risking human lives. Investors should pay attention to this growing market segment as it offers plenty of opportunities going forward.
CapitalGainsReport is a financial website for investors seeking nanocap and microcap opportunities. We cover macroeconomic news, sector plays, company news, technical analysis, market action alerts, and catalysts that drive price action. Please visit our site at CapitalGainsReport.com
Contact Details
Mark McKelvie
+1 585-301-7700
Company Website
https://capitalgainsreport.com/
View source version on newsdirect.com: https://newsdirect.com/news/drone-sector-to-get-boost-from-expanding-applications-and-budgets-in-military-743731150
