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GlobalData

Aerospace, Defense & Security

Transitioning to P-8A maritime patrol aircraft will boost Australia’s anti-submarine capabilities, says GlobalData

As the last of the AP-3C Orion maritime patrol aircraft has been finally withdrawn from the service of the Australian Air Force on December 12, 2023, after 50 years of service, the baton has been passed on to the next-generation P-8A Poseidon aircraft fleet. This transition underscores Australia’s attempt to counter emerging threats in the […]
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GCAP to keep aircraft development costs down for Japan amid economic turmoil, says GlobalData

With the formal signing of the agreement recently to create the International Government Organization for the development of a new fighter jet under the Global Combat Air Programme (GCAP), the three signatory countries, comprising the UK, Italy, and Japan, will be able to share expertise and technologies while lowering the development costs. Among other advantages […]
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China to persist with carrier strike group to assert regional dominance, says GlobalData

China’s recent deployment of a carrier strike group in the Taiwan Strait, led by the aircraft carrier Shandong, underscores its resolve to employ military strength in asserting regional claims. Despite being trailed by warships from the US, Japan, and Taiwan, Shandong persisted in navigating the Taiwan Strait, revealing China’s unwillingness to compromise its regional dominance, […]
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China’s COMAC C919 likely to challenge established players in passenger aircraft market, says GlobalData

Following the news that the China’s domestically manufactured COMAC C919 will make its first flight outside mainland China in the next few days; Kandlikar Venkatesh, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The development of the COMAC C919 represents a significant achievement for China in the narrow-body aircraft segment. […]
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Modernization efforts to spur Canada’s defense expenditure to $23 billion in 2028, observes GlobalData

Canada’s defense strategy is mainly designed to safeguard its national interests and support its allies in their objectives towards global security. The country is expected to increase its defense budget to $23 billion in 2028 with a modest compound annual growth rate (CAGR) of 2.7% over the period 2024–28 to modernize its armed forces through […]
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Virgin Atlantic’s sustainable fuel flight hailed major step forward as demand for SAF set to reach 194 million tonnes by 2050, says GlobalData

Following the news that Virgin Atlantic has completed the first transatlantic flight using 100% sustainable jet fuels (SAF);Caroline Midgley, Director of Biofuels and Chemicals Research at GlobalData, a leading data and analytics company, offers her view on the current status of this new technology:“This is a major step forward for both the company and the […]
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Modernization initiatives to drive Brazil’s defense budget to reach $29.9 billion by 2028, forecasts GlobalData

The growing need to protect its borders, the Amazon rainforest, and substantial offshore oil discoveries has compelled the Brazilian government to invest significantly in defense projects. As a result, the Brazilian Army has many ongoing and planned projects under its modernization plans.  Against this backdrop, its defense expenditure is expected to increase steadily, reaching a […]
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China’s destroyer expenditure to grow at 5.2% CAGR through 2033 amid South China Sea tensions, says GlobalData

China’s sovereignty claims over territory in the South China Sea have antagonized competing claimants such as the Philippines, Malaysia, Indonesia, Brunei, Vietnam, and Taiwan. In addition, the US’ involvement in favor of some of these countries compelled China to build advanced combat capabilities to counter the US Navy’s aerial and naval assets. Consequently, China’s expenditure […]
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Japan to persist with Mogami-class frigate construction amid economic turmoil, notes GlobalData

Japan has earmarked $50 billion for defense in 2023, directing substantial investments towards naval vessels and surface combatant development to bolster the nation’s self-defense forces. Despite economic challenges, the Ministry of Defense has proposed a noteworthy 17.2% increase in the 2024 defense budget. This boost is anticipated to fund the construction of two advanced Mogami-class […]
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Global missiles and missile defense market to reach $67.9 billion in 2033, says GlobalData

The quest for precision strike missile capabilities and the modernization of air defense systems have emerged as the key factors driving the demand for missiles and missile defense systems (MMDS). The ongoing Russia-Ukraine conflict and the heavy usage of missiles and rockets by both countries have prompted other European countries, such as Poland, Germany, and […]
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South Korea’s move to build FFX Batch-III frigates aimed at effectively deterring North Korean submarines, says GlobalData

Following the news that Hanwha Ocean signed a $600 million contract with the South Korean state defense procurement agency to build two next-generation frigates; Tushar Mangure, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “The construction of the next-generation FFX Batch-III frigates is part of South Korea’s naval modernization strategy, […]
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Japan to continue key military procurement programs despite currency devaluation, says GlobalData

Japan’s currency devaluation has added an extra layer of complexity to its planned defense budget over the coming years. Some fear that this may lead to reduced acquisition budgets and the cancellation or postponement of defense acquisition programs. However, major ongoing procurement programs in Japan, including the Global Combat Air Programme (GCAP), the F-35A/B, Mogami-class […]
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China looks to implement One-China policy by focusing on military capability development, says GlobalData

Following the news that the Chinese army sent fighter jets to monitor a US Navy patrol aircraft that was spotted flying over the Taiwan Strait; Harshavardhan Dabbiru, Defence Analyst at GlobalData, a leading data and analytics company, offers his view: “The move reflects China’s assertive approach in claiming the territories that it believes to be […]
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Australia focuses on self-reliance in defense manufacturing with western companies, says GlobalData

Australia has been making significant efforts to promote domestic defense manufacturing in recent years, which has led to a considerable drop in its overall imports. Currently, a majority of Australia’s defense platforms, such as military land vehicles, artillery systems, and naval vessels, are locally produced. To gain self-reliance in defense manufacturing, the Australian government is […]
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South Korea likely to increase spending on border surveillance assets over next few years, says GlobalData

Following the news that South Korea is considering suspension of the previously agreed-upon border truce with North Korea; Harshavardhan Dabbiru, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “In the wake of the surprise coordinated attacks and infiltrations by Hamas in Israel, South Korea is mulling the suspension of the […]
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Indonesia defense expenditure to reach $9.7 billion by 2028, forecasts GlobalData

With a total defense budget of $8.8 billion in 2023, Indonesia presently ranks as the second-highest military spender after Singapore in the Southeast Asia region. Driven by ongoing defense modernization initiatives, the country’s defense expenditure is forecast to reach $9.7 billion by 2028, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, […]
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US space sustainability legislation begins to shape activity in space industry, says GlobalData

Following the news that the US government has issued a $150,000 dollar fine to Dish Network for leaving space debris in orbit; James Marques, Associate Defense Analyst at GlobalData, offers his view: “One organization’s space debris is everyone’s problem. Collisions and interference from debris can have expensive and dangerous consequences that transcend national boundaries. As […]
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Military modernisation to drive Malaysia defense budget at 8.4% CAGR over 2024-28, says GlobalData

Driven by military modernisation programs to protect its sovereignty and address security threats such as piracy and terrorism, Malaysia’s defense budget is expected to experience a robust compound annual growth rate (CAGR) of 8.4% during 2024-28, reaching $6.2 billion in 2028, according to GlobalData, a leading data and analytics company. GlobalData’s latest report “Malaysia Defense […]
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Japan looks to maintain interoperability with US and NATO countries, says GlobalData

Japan has been investing significantly in the modernization of its defense capabilities over the past few years, owing to its perceived threats from North Korea and China. The country’s government also allocated an additional supplementary budget in 2023 to prioritize its defense modernization programs to integrate advanced technologies and weapons into the existing fleet of […]
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Modernization programs to drive global artillery systems market to $16.6 billion by 2033, forecasts GlobalData

As part of the replacement and modernization efforts of legacy artillery systems, countries across the globe have initiated multiple programs for the development and procurement of modern artillery systems with superior targeting capabilities. This will drive worldwide cumulative spending on artillery systems to $153 billion between 2023 and 2033, driving the global market for artillery […]
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