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GlobalData
GlobalData

Aerospace, Defense & Security

Frigates set to be fastest growing segment in global naval vessels and surface market by 2029

With Western defense budgets increasing and continued growth in Asia-Pacific, there is a strong demand for naval force procurement and modernization with 215 new frigates expected to enter service worldwide between 2019 and 2029. According to GlobalData, a leading data and analytics company, frigates are expected to account for 28.7% revenue share of the total […]
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US bipartisan budget deal opens the way to largest defense budget in history and secures top ongoing military programs

After months of political negotiation and the looming threat of budget sequestration, American lawmakers agreed on a bipartisan budget act that was signed by President Trump on August 2, clearing the way for a record high FY20 defense budget that will secure top ongoing military programs, says GlobalData, a leading data and analytics company. Things […]
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Lighter platforms and missile systems gain prominence amid Russia’s contracting defense budget

Russia is investing billions of dollars in new naval hardware to secure its lengthy coastline and strengthen power projection capabilities. However, Russia’s defense expenditures have declined in real terms from US$52.6bn in 2015 to US$46.4bn in 2019 and will only recover its historic highs in 2024 with US$59.3bn, according to GlobalData, a leading data and […]
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Proliferation of UAS technology coupled with terrorism will sustain Counter-UAS investment, says GlobalData

Unmanned Aerial Systems (UAS) were once limited to a few technologically advanced nations, but the growing consumerization and proliferation of such technologies means advanced capability is now in the hands of non-state actors, as seen by recent drone incursions at Gatwick, Heathrow and Newark airports. As key enabling technologies such as Artificial Intelligence progress, the […]
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