Market Opportunity Defence & Security
When:
23/05/2025
Time:
09:15am - 12:00pm
Where:
TBC
Grab a ticket:
Click here!
Opening up the Defence & Security marketplace to academics, innovators, Research Technology Organisations (RTOs) and SMEs.
Venturefest South is supporting Innovate UK and BAE Systems to hold this briefing session to raise awareness of two important defence and security market opportunity challenges.
Innovate UK Business Connect and BAE Systems are working together to foster innovation, collaboration and fresh thinking around key defence sector issues by opening two exciting market opportunity challenges to academic and industrial practitioners.
The two Innovation Exchange Challenges have been published with the purpose of inviting potential collaborators to submit possible solutions to two very specific areas in response to increasingly complex and diverse defence and security threats. BAE Systems is therefore looking for interested parties to demonstrate innovations that will enhance the timely and successful conduct of Integrated Air and Missile Defence (IAMD) and Counter Multi-Domian Unmanned Vehicles (C-UxV).
These opportunities are open to academics, established businesses, start-ups, SMEs, RTOs, as well as collaborative approaches, and the potential business opportunities are considerable.
Research shows that the global market for Counter Unmanned Vehicles and Vessels (C-UxVs) is valued at £1.82 billion, rising to £2.64 billion by 2032. In addition, the global market for Integrated Air and Missile Defence (IAMD) in 2024 was valued at £21.46 billion and is projected to reach £33.11 billion by 2031.
These challenges offer successful solution providers with a path into these highly lucrative UK marketplaces with the potential for tailored support from BAE Systems.
A series of regional briefing meetings have been taking place around the UK throughout April and May, where interested parties can find out more about the opportunities and the application process.
The Hampshire briefing session on the 23rd May is being hosted by Venturefest South in collaboration with Innovate UK Business Connect and is open for registrations now:
