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GlobalData
GlobalData

Aerospace, Defense & Security

UK defies defense budget uncertainty as selected bidder announced for £1.6 billion Royal Fleet Auxiliary contract, says GlobalData

Following the news that the UK’s Ministry of Defence (MoD) has selected Team Resolute, a consortium of UK firms, as the preferred bidder to construct three support vessels for the Royal Navy; Madeline Wild, Aerospace, Defense & Security Analyst at GlobalData, a leading data and analytics company, offers her view: “The selection of Team Resolute […]
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The electrification of defense platforms is underpinning a global shift in environmental policy for defense, says GlobalData

As world leaders gather in Egypt for the 27th United Nations Climate Change Conference (COP27) to discuss current and future environmental policies, the progressive electrification of the aerospace and defense industry illustrates the opportunities and challenges faced by armed forces worldwide in attempting to reduce energy emissions and waste, notes GlobalData, a leading data and analytics […]
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MROS ships fill Royal Navy capability gap in seabed defense in face of Russian Resurgence, says GlobalData

Following the news that the Ministry of Defence (MoD) is prioritising two Multi-Role Ocean Surveillance (MROS) ships; James Marques, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “The MROS ships will fill a capability gap that has been missing since the end of the Cold War. […]
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Interoperability, familiarity, and geopoliticsn most likely behind Australia C-130J decision, says GlobalData

Australia’s Department of Defence plans to move forward with C-130J-30 to replace its existing fleet of 12 C-130J-30s was most likely influenced by interoperability with friendly forces, familiarity with the supplier and equipment, and geopolitics, according to GlobalData, a leading data and analytics company. The announcement was followed by the US Defense Security Cooperation Agency […]
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Fixed-price development programs drive $2.8 billion losses for Boeing Defense, Space & Security, says GlobalData

ollowing the release of Boeing’s Q3 2022 earnings report;Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “In the third quarter of 2022, Boeing’s Defense, Space & Security business unit revenue has decreased to $5.3 billion, a decline of almost 20% in comparison to Q3 2021. Whilst losses can […]
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Embraer seeks to expand into South Korea with slew of MoUs as it looks to offset recent issues with Brazil, says GlobalData

Following the news that Embraer has signed several memorandums of understanding with Aerospace Technology of Global, EM Korea Co. and Kencoa Aerospace in South Korea; Mathew George, Ph.D, Practice Head, Aerospace, Defense and Security at GlobalData, offers his view: “Embraer sees the value in expanding into Asia to help grow its business. This gains further […]
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Strategic programs and regional interests to keep Australian defense spending at 2.3% of GDP through 2027, says GlobalData

Following the news that Australia has increased defence spending; Akash Pratim Debbarma, Defense Analyst at GlobalData, offers his view: “The increased military assertiveness of China in the South China Sea has raised concerns for the other countries in the region, forcing them to boost their defense spending. Along with its increased presence in the Pacific […]
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DefExpo 2022 theme Path to Pride sets tempo for private sector participation in Indian defense industry, says GlobalData

Following the news that the theme for DefExpo 2022 “Path to Pride” has set the stage for enhanced private sector participation in defense production in India; Abhijit Apsingikar, Defense Analyst at GlobalData, offers his view: “The development of Pinaka rockets by Solar Industries India marks a key step towards the successful indigenization of defense equipment […]
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India pushes indigenous HTT-40 trainer aircraft for export markets at DefExpo 2022, says GlobalData

Following the unveiling of indigenous basic trainer aircraft—Hindustan Turbo Trainer-40 (HTT-40)—by Indian Prime Minister Narendra Modi at the DefExpo 2022 on 19 October; Sourabh Banik, Defense Analyst at GlobalData, a leading data and analytics company, offers his view: “HTT-40 is expected to cater to the domestic requirements with focus on export markets in the long-run. […]
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Global military unmanned ground vehicles market to reach $732 million in 2032 driven by advancements in AI, says GlobalData

The global military unmanned ground vehicles (UGV) market is set to reach $732 million in 2032, growing at a compound annual growth rate (CAGR) of 4.4% between 2022 and 2032, according to GlobalData. The leading data and analytics company notes that the growth in research and development (R&D) towards incorporating advanced sensors, telecommunications, energy dense […]
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Lithuania will focus on key acquisitions after increasing its defense budget to $1.6 billion in 2022, says GlobalData

Lithuania has allocated increased funding to its defense budget to purchase new systems including High Mobility Artillery Rocket Systems (HIMARS), Switchblade loitering munitions and Oshkosh JLTVs amid the conflict in Ukraine. The effectiveness of both HIMARS and Switchblades in Ukraine has demonstrated to Lithuanian forces that these weapons can be effective in combat, particularly against […]
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General Dynamics’ AbramsX should gain significant traction in the US Army following its unveiling at AUSA 2022, says GlobalData

Following General Dynamics’ unveiling of its next-generation AbramsX technology demonstrator at AUSA 2022; Tristan Sauer, Land Domain Analyst at GlobalData, a leading data analytics company, offers his view: “The AbramsX technology demonstrator will undoubtedly gain significant traction amongst US Army procurement officials as its unique features enable several key improvements and capabilities. The integration of […]
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SpinLaunch’s tenth successful test in a year demonstrates its sustainable space launch potential, says GlobalData

Following reports that US space launch start-up SpinLaunch has successfully conducted its tenth test in less than a year, carrying third party experiments on a suborbital sortie; Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “This successful test further validates SpinLaunch’s burgeoning credentials as a true challenger to […]
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Military modernization programs to drive Pakistan defense expenditure to $12.5 billion in 2027, observes GlobalData

Being sandwiched between hostile neighbors, Pakistan has been bolstering its defense capabilities for the maintenance of state sovereignty and territorial integrity. Military modernization coupled with a desire to develop effective deterrence is set to drive Pakistan’s defense budget at a compound annual growth rate (CAGR) of 5.2% from $10.2 billion in 2023 to $12.5 billion […]
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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 […]
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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 […]
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