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Global Firefighting Drone Market Forecasted to Reach $2.76 Billion by 2030 as Demand Skyrockets

Retrieved on:

Wednesday, August 23, 2023

PALM BEACH, Fla., Aug. 23, 2023 /PRNewswire/ -- The Firefighting Drone Market has been growing consistently since after the pandemic, and is projected to have substantial growth in the coming years. Firefighting drones can be remotely controlled and can carry firefighting equipment such as foam dispensers or water cannons. The major purpose of designing firefighting drones was to control fires in areas that are inaccessible to firefighters or fire trucks like dense forests and high-rise buildings. These drones are capable to monitor and capture scenes in instances where firefighters and fire trucks cannot reach them. Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period. Growing instances of fire-related accidents in the oil and gas industry are majorly driving the demand for firefighters drones. In this industry, drones are being deployed for several applications such as inspection of offshore platforms, leak detection in pipelines, refining equipment, emergency response, and material handling. As per Cognitive Market Research's latest published report, the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030. Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030. The report said: "In recent years, firefighting drones are used to fight forest fires. These drones can fly immediately to the location and map the affected area. During a forest fire, a firefighter drone gathers information about hitting hot spots with the help of thermal sensors and provides the information to firefighters. Footage or scenes captured by a firefighter drone is converted into a 3D map that allows civil authorities to determine the extent of the damage after the incident and verify damage claims by insurance companies." Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Lockheed Martin (NYSE: LMT), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Boeing (NYSE: BA), NVIDIA Corporation (NASDAQ: NVDA).

Key Points:

Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period.
As per Cognitive Market Research's latest published report , the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030.
Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030.
In 2022, North America dominated the firefighting drone market and gained the largest market share of 40.5%.

Global Firefighting Drone Market Forecasted to Reach $2.76 Billion by 2030 as Demand Skyrockets

Retrieved on:

Wednesday, August 23, 2023

PALM BEACH, Fla., Aug. 23, 2023 /PRNewswire/ -- The Firefighting Drone Market has been growing consistently since after the pandemic, and is projected to have substantial growth in the coming years. Firefighting drones can be remotely controlled and can carry firefighting equipment such as foam dispensers or water cannons. The major purpose of designing firefighting drones was to control fires in areas that are inaccessible to firefighters or fire trucks like dense forests and high-rise buildings. These drones are capable to monitor and capture scenes in instances where firefighters and fire trucks cannot reach them. Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period. Growing instances of fire-related accidents in the oil and gas industry are majorly driving the demand for firefighters drones. In this industry, drones are being deployed for several applications such as inspection of offshore platforms, leak detection in pipelines, refining equipment, emergency response, and material handling. As per Cognitive Market Research's latest published report, the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030. Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030. The report said: "In recent years, firefighting drones are used to fight forest fires. These drones can fly immediately to the location and map the affected area. During a forest fire, a firefighter drone gathers information about hitting hot spots with the help of thermal sensors and provides the information to firefighters. Footage or scenes captured by a firefighter drone is converted into a 3D map that allows civil authorities to determine the extent of the damage after the incident and verify damage claims by insurance companies." Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Lockheed Martin (NYSE: LMT), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Boeing (NYSE: BA), NVIDIA Corporation (NASDAQ: NVDA).

Key Points:

Several benefits associated with firefighting drones to prevent fire damages is expected to drive the market growth over the forecast period.
As per Cognitive Market Research's latest published report , the Global Firefighting Drone market size was $1.31 Billion in 2022 and it is forecasted to reach $2.76 Billion by 2030.
Firefighting Drone Industry's Compound Annual Growth Rate will be 9.8% from 2023 to 2030.
In 2022, North America dominated the firefighting drone market and gained the largest market share of 40.5%.

Kratos’ Family of High-Speed Tactical and Target Unmanned Systems will be on Display at MCAS Miramar Air Show

Retrieved on:

Thursday, August 3, 2023

Kratos’ target family, engaged to support and hone military training and to support defense system development, includes the BQM-167, the BQM-177, and the MQM-178 Firejet.

Key Points:

Kratos’ target family, engaged to support and hone military training and to support defense system development, includes the BQM-167, the BQM-177, and the MQM-178 Firejet.
The Miramar Air Show welcomes both domestic and international visitors, where they will be able to view full-scale Kratos tactical and target UAS on display.
These Kratos systems represent the future of uncrewed air systems and offer an affordable solution to the mass production, deployment, and engagement of military defense.
At Kratos, affordability is a technology, and our high-performance target and tactical drone systems are representative of our affordability mission.

Kratos Reports Second Quarter 2023 Financial Results

Retrieved on:

Thursday, August 3, 2023

SAN DIEGO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, today reported its second quarter 2023 financial results. For the second quarter of 2023, Kratos reported Revenues of $256.9 million, Operating Income of $6.7 million, Net Loss of $2.7 million, Adjusted EBITDA of $21.6 million and a consolidated book to bill ratio of 1.1 to 1.0.

Key Points:

Second Quarter 2023 Revenues of $256.9 Million Increased 14.6 Percent Over Second Quarter 2022 Revenues of $224.2 Million, Including 17.1 Percent Organic Growth in Kratos Government Solutions Segment
Second Quarter 2023 and Last Twelve Months Ended June 25, 2023 Consolidated Book to Bill Ratio of 1.1 to 1
SAN DIEGO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, today reported its second quarter 2023 financial results.
Adjusted earnings per share (EPS) was $0.09 for the second quarter of 2023, compared to $0.07 for the second quarter of 2022.
Second quarter 2023 Revenues of $256.9 million increased $32.7 million, or 14.6 percent, from second quarter 2022 Revenues of $224.2 million.
For the second quarter of 2023, Kratos’ Government Solutions Segment (KGS) Revenues of $204.8 million increased 22.1 percent from Revenues of $167.8 million in the second quarter of 2022.

Kratos Defense & Security Solutions Schedules Second Quarter 2023 Earnings Conference Call for Thursday, August 3rd

Retrieved on:

Tuesday, July 25, 2023

Online, Telephone, Technology company, Kratos Defense & Security Solutions, Defense, SAN, Vivo (technology company), Communications satellite, Internet service provider

SAN DIEGO, July 25, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the second quarter 2023 after the close of market on Thursday, August 3rd.

Key Points:

SAN DIEGO, July 25, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that it will publish financial results for the second quarter 2023 after the close of market on Thursday, August 3rd.
Management will discuss the Company’s operations and financial results in a conference call beginning at 2:00 p.m. Pacific (5:00 p.m. Eastern).
Upon registration, all telephone participants will receive the dial-in number along with a unique PIN that can be used to access the call.
For those who cannot access the live broadcast, a replay will be available on Kratos’ website.

Kratos Expands Global Space Domain Awareness Network with New Capabilities in India

Retrieved on:

Thursday, June 22, 2023

SDA, Kratos Defense & Security Solutions, U.S. Department of Defense Strategy for Operating in Cyberspace, Senior, Defense, Orbit, Intelligence, NOAA, GEO, SAN, Growth, Technology company, Health, RF, Behavior, Communications satellite, Kratos

SAN DIEGO, June 22, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced an expansion of its Space Domain Awareness (SDA) network locations into India.

Key Points:

SAN DIEGO, June 22, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced an expansion of its Space Domain Awareness (SDA) network locations into India.
It is the world’s largest global RF sensor network providing commercially available SDA services in all segments: orbital, link and terrestrial.
Many governments and commercial organizations rely on Kratos to enhance and augment their awareness of activity in the space domain.
Kratos’ 24/7 network operations center uses their sensor network to identify, monitor and manage global RF behavior, available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c6a22f3-b695-4e77-b...

Kratos Successfully Static Test Fires the Zeus 1 Solid Propellant Rocket Motor at Aerojet Rocketdyne’s Camden, Arkansas

Retrieved on:

Wednesday, June 21, 2023

SAN DIEGO, June 21, 2023 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, announced today that its Space & Missile Defense Systems Business Unit (SMDS), a part of Kratos’ Defense & Rocket Systems Division (KDRS), successfully conducted the first static test firing of the Zeus 1 solid rocket motor (SRM) at Aerojet Rocketdyne’s Camden, Arkansas facility. Kratos, responding to the need for new affordable commercial SRMs to operate as launch vehicle stages for Kratos’ research, hypersonic, ballistic missile target, and “other” vehicles, determined Zeus 1 and 2 motor requirements and standards, and through internal investments, funded the development of the Zeus SRM designs. The family of Zeus SRMs are designed and manufactured by Kratos’ key merchant supplier partner Aerojet Rocketdyne.

Key Points:

The family of Zeus SRMs are designed and manufactured by Kratos’ key merchant supplier partner Aerojet Rocketdyne.
Prior to firing, the Kratos Zeus 1 motor was cooled to the lowest planned operating temperature to evaluate motor performance under the most stressing ignition conditions.
The Kratos Zeus 1 motor performed nominally throughout the test and preliminary hardware and data inspection confirms the robustness of the motor design and its applicability for multiple customer applications.
The Kratos Zeus 1 is the first of two high-performance 32.5-inch diameter solid rocket motors internally developed and funded under the Kratos Zeus Program, with the larger Zeus 2 motor scheduled for static test later this year.

Shield AI and Kratos Team up to Integrate AI Pilot on Valkyrie XQ-58

Retrieved on:

Thursday, June 15, 2023

SAN DIEGO, June 15, 2023 /PRNewswire/ -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, and Shield AI, Inc., a defense technology company building the world's best AI pilot, have signed an agreement to integrate and bring to market an AI pilot built by Shield AI for Kratos' XQ-58 Valkyrie, making real the concept of crewed-uncrewed teaming for jet aircraft.

Key Points:

Integration of AI Pilot onboard XQ-58 Valkyrie will unlock concept of intelligent, affordable mass for US DoD and Allies – the Holy Grail of Deterrence
SAN DIEGO, June 15, 2023 /PRNewswire/ -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, and Shield AI, Inc., a defense technology company building the world's best AI pilot, have signed an agreement to integrate and bring to market an AI pilot built by Shield AI for Kratos' XQ-58 Valkyrie, making real the concept of crewed-uncrewed teaming for jet aircraft.
When you take an incredible, affordable uncrewed jet aircraft like the XQ-58 and pair it up with our AI pilot, you create a game-changing strategic deterrent."
"The Valkyrie is one of a very few number of uncrewed jet aircraft that are flying today, ramping in production, and are ready for AI pilot integration.
Shield AI has developed a combat-deployed AI pilot that has flown on a variety of platforms, including a quadcopter, their own manufactured Group 3 unmanned aircraft system called the V-BAT, and a modified F-16 fighter jet.

Navy Awards Kratos $46.7M Contract for Submarine Ballistic Missile Reentry Systems

Retrieved on:

Monday, June 5, 2023

Kratos Defense & Security Solutions, Senior, KSRE, Defense, Naval Surface Warfare Center Dahlgren Division, Phoenix (nuclear technology company), Kratos, Navy, NSWCDD, SAN, Department of Defense Serum Repository, Technology company, Southern Research

The five-year contract includes options with a total value up to $46.7 million, with an initial award of $8.6 million under a cost-plus-fixed-fee contract.

Key Points:

The five-year contract includes options with a total value up to $46.7 million, with an initial award of $8.6 million under a cost-plus-fixed-fee contract.
The effort will test materials supporting technical efforts for the U.S. and the U.K. with direct oversight from the NSWCDD Reentry Systems Office.
The support includes sample preparation, instrumentation, testing and gathering thermo-mechanical data on materials at extremely high temperatures and in high heat flux/shear environments.
The contract enables Kratos SRE to conduct ground testing of thermal protection materials at external ground test facilities and produce flight hardware for the Navy.

Bidgely Revolutionizes Grid Planning, EV Analytics and Non-Wire Alternatives for Utilities with Behind-the-Meter ‘8760 Energy Insights’

Retrieved on:

Tuesday, May 16, 2023

Using Bidgely’s “8760 Energy Model,” utilities can track customer energy use on an ongoing and iterative basis, gaining a comprehensive understanding of customer energy consumption and lifestyle patterns over time.

Key Points:

Using Bidgely’s “8760 Energy Model,” utilities can track customer energy use on an ongoing and iterative basis, gaining a comprehensive understanding of customer energy consumption and lifestyle patterns over time.
View the full release here: https://www.businesswire.com/news/home/20230516005290/en/
Bidgely's 8760 Energy Model enables utilities to track customer energy use on an ongoing and iterative basis for all 8,760 hours of the year.
As a result, utilities must develop agile responses to evolving pressures on the grid,” said Abhay Gupta, CEO of Bidgely.
With 8760 intelligence, utilities can explore non-wire alternatives for managing the grid and more effectively target customers with load shifting programs.