Aerospace, Defense & Security

Economic turmoil could spell trouble for firms reliant on MoD contracts, says GlobalData

Following the release of the UK Ministry of Defence’s (MoD) information on trade, industry and contracts for 2022; Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “It’s clear that UK defense contractors are increasingly relying upon the MoD as a major source of revenue. Large firms such as […]

Global military land vehicles market to reach $27.6 billion in 2032, driven by increasing geopolitical tensions and defense modernization initiatives, says GlobalData

The ongoing Russia-Ukraine conflict has exposed European countries to the potential threat that Russia poses from the East. In this context, smaller nations in the Baltics and Eastern Europe have been procuring military equipment. In addition, several modernization programs have been undertaken by various nations globally to upgrade their inventory. As a result, the global […]

Aerospace, Defense & Security

Global artillery systems market to reach $6.8 billion in 2032, driven by rising military spending and advanced artillery systems, forecasts GlobalData

With increasing military expenditure, owing to a rise in potential border tensions and ongoing modernization programs that focus on inducting advanced artillery systems, the global artillery systems market is forecast to grow at a compound annual growth rate (CAGR) of 2.7% between 2022 and 2032 to reach $6.8 billion in 2032, according to GlobalData, a […]

Aerospace, Defense & Security

DRDO’s successful flight test of indigenous VSHORADS may save India huge import burden, says GlobalData

Following the news that India’s Defence Research and Development Organisation (DRDO) has successfully flight tested the Very Short-Range Air Defense System (VSHORADS) missile; Tushar Mangure, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “Indian Armed Forces have long been advocating for the procurement of advanced Man-Portable Air Defense Systems (MANPADS) […]

Aerospace, Defense & Security

UK will struggle to fund £100 billion for 2030 defense budget if pound continues to fall, says GlobalData

Following the news that the value of the pound has plummeted; Madeline Wild, Aerospace, Defense & Security Analyst at GlobalData, a leading data and analytics company, offers her view: “The weakening of the pound against the US dollar will make it harder for the UK government to fund the £100 billion 2030 defense budget that […]

Aerospace, Defense & Security

Evolving military warfare strategies, tech advances to drive global military UAV market to $12 billion in 2032, says GlobalData

The interest in military unmanned aerial vehicles (UAVs) as a cost-effective platform alternative for military operations into one for extensive utility – in tactical air support, search and rescue operations, intelligence, surveillance and reconnaissance (ISR) missions, has led to a global surge in their induction into the armed forces, observes GlobalData. The leading data and […]

Aerospace, Defense & Security

US Army’s investment in next generation automatic test systems will prove quintessential in ensuring optimal financial and operational readiness, says GlobalData

The US Army recently revealed that the 3rd Armored Brigade Combat Team, 4th Infantry Division had saved $26 million in maintenance, repair and overhaul (MRO) costs over the course of five months due to the advanced capabilities provided by the next generation automatic test system (NGATS), a containerized diagnostics and troubleshooting solution, produced by Northrop Grumman and […]

Aerospace, Defense & Security

Price point likely to be a key requirement in US Air Force’s 2024 loyal wingman drone competition, says GlobalData

Following the news that the US Air Force (USAF) will reportedly hold a loyal wingman competition in 2024; Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “Reports that the USAF is advancing its development of manned-unmanned teaming (MUM-T) capabilities come as little surprise, as the USAF has been […]

Aerospace, Defense & Security

US’ AT4CS RS systems order to replace the 6,000 units sent to Ukraine will boost the country’s weapon reserves, says GlobalData

Following the news that the US has ordered Carl-Gustaf ammunition and AT4CS RS systems from Saab; Madeline Wild, Aerospace, Defense & Security Analyst at GlobalData, a leading data and analytics company, offers her view: “Lightweight, easy to use, and reliable, the AT4 has a strong record of success in the US Armed Forces. The type […]

Aerospace, Defense & Security

Military modernization programs to drive China defense expenditure to $318.6 billion in 2027, observes GlobalData

Territorial claims in the South China Sea and the increasing strength and assertiveness of the US have spurred China to enhance its military capabilities. In line with this, the country has approved ambitious military modernization programs to build its capabilities. Against this backdrop, the defense budget of the country is expected to increase at a […]

Aerospace, Defense & Security

Japan defense budget set to surpass $70 billion in 2027, forecasts GlobalData

Japan’s defense spending is set to grow from $48.4 billion in 2022 to $70.4 billion in 2027, driven by the need to develop its own defense posture owing to the worsening geostrategic environment in East Asia, which increasingly continues to be threatened by the North Korean nuclear and ballistic missile program, forecasts GlobalData, a leading […]

Aerospace, Defense & Security

Taiwan decision to purchase additional M142 HIMARS reflect renewed focus on multipronged defense strategy, says GlobalData

Following the news that Taiwanese military has decided to purchase an additional M142 High Mobility Artillery Rockets Systems (HIMARS) launchers and ATACMS missiles as part of record $40 billion annual defense budget; Tristan Sauer, Land Domain Analyst at GlobalData, a leading data and analytics company, offers his view: “In its proposed defense budget for 2023, […]

Aerospace, Defense & Security

Australians training on HMS Anson creates further opportunity for UK defense in the APAC region, says GlobalData

Following the news that Australian submariners will train on a new British nuclear submarine; James Marques, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “The AUKUS security pact between Australia, the UK and the US is growing, with Australian sailors attending the commission of HMS Anson at Barrow-in-Furness Shipyards, the […]

Aerospace, Defense & Security

US broadens options for next-generation propulsion, says GlobalData

Following the news that the US Department of Defense has awarded a contract for engine development for the Next Generation Adaptive Propulsion (NAP) program, which is set to power the US Air Force’s (USAF) Next Generation Air Dominance (NGAD) program, to five different firms; James Marques, Associate Aerospace, Defense and Security Analyst at GlobalData, a […]

Aerospace, Defense & Security

Mexico’s defense budget will weather strained US relations to reach $8.8 billion by 2027, says GlobalData

Mexico’s defense industry has been closely intertwined with the US for many years with political changes in both states testing the resolve of their cooperation. As a result of this, Mexico’s defense budget is expected to grow from $6.9 billion in 2022 to $8.8 billion in 2027, according to GlobalData, a leading data and analytics […]

Aerospace, Defense & Security

Lockheed Martin delivers HELIOS laser weapons systems to US Navy as US and Russia spearhead deployment of high-energy lasers, says GlobalData

Lockheed Martin’s successful delivery of the first production model of the High Energy Laser with Integrated Optical-dazzler and Surveillance (HELIOS) to the US Navy marks an important strategic milestone in the global race to develop and deploy directed energy weapons (DEW), says GlobalData, a leading data and analytics company. Tristan Sauer, Land Domain Analyst at […]

Aerospace, Defense & Security

India’s RFP for quantum communications solutions likely driven by China’s advancements in QKD development, says GlobalData

The Indian Ministry of Defence (MOD) has recently issued a commercial Request For Proposal (RFP) to the domestic deep tech startup QNu Labs to procure an advanced communications solution based on Quantum Key Distribution (QKD) technology. The MOD’s move is likely driven by concerns over the advancements made by its neighboring rival China in QKD […]

Aerospace, Defense & Security

Airliners vouch for supersonic travel as BOOM picks up orders, says GlobalData

Following the news that American Airlines has made a deposit for a supersonic passenger aircraft; James Marques, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “The world’s largest airline firm has put down an unknown deposit for 20 units of BOOM’s supersonic ‘Overture’ commercial aircraft. Despite not being […]

Aerospace, Defense & Security

Ukraine conflict breaking stigma of loitering munitions for Western forces, says GlobalData

The conflict in Ukraine has seen significant use of loitering munitions, with the two sides using them to a great extent against both armored vehicles and personnel. Apart from holding several domestically developed models, Ukraine has also been receiving loitering munitions from the US, including the ‘Phoenix Ghost’ which was designed in part to meet […]

Aerospace, Defense & Security

Pursuit of tech-enhanced military rotorcraft to drive global spending to $24 billion by 2032, says GlobalData

By 2032, most military rotorcraft—which includes Transport and Utility Helicopter, Attack Helicopter and Maritime Helicopter—are expected to contain an integrated artificial intelligence (AI) system, according to GlobalData. The leading data and analytics company notes that this is just one of the multiple advanced modernizations that are being pursued by countries such as the US, Russia, […]

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