A new Markets and Markets report forecasts the global military electro-optics/infrared systems market to hit $14.20 billion by 2022 from $10.15 billion in 2016, at a compound annual growth rate of 5.75 percent. Markets and Markets said that high demand for battlespace data by defense forces will drive the military electro-optics/infrared systems market. The report also […] More

MarketsandMarkets has released a new report that forecasts the analytics-as-a-service market to grow 40.3 percent year-over-year to $23.03 billion by 2020 from $4.23 billion in 2015, driven by low total cost of ownership and scalability. The report notes a growing adoption of analytics-as-a-service among large, small and medium businesses worldwide due to the increase in […] More

Research and Markets has released a new forecast report on the global military robots market that predicts the industry to expand from $16.08 billion in 2020 to $33.65 billion in 2026. The report lists down the drivers for market growth including expanded battlefield deployment of robots and increased funding for robotics research and development, the […] More

A new Research and Markets report says the increased adoption of high energy laser-based systems to counter airborne threats and investments in research and development of such technologies by militaries worldwide will help increase the demand for high energy lasers. The market research company said Friday it predicts that the global market for high energy […] More

A new five-year Research and Markets forecast says increased global military spending in battle communication or network-centric warfare systems will help steer the software-defined radio market's direction. The research company said Wednesday it estimates that the worldwide market for SDR products will grow more than 6 percent over the next five years and expects the defense segment to experience the highest growth rate.

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A MarketsandMarkets forecast, released by Reportlinker, said the global market for instrusion detection and prevention systems will see an 8.3 percent compound annual growth rate to reach $7.1B in value by 2024.

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Executive Mosaic is happy to announce Nazzic Keene, chief operating officer of SAIC, has been selected to the 2019 edition of the Wash100 — Executive Mosaic’s annual selection of the most influential voices in the government contracting arena — for leading the efforts to expand SAIC’s platform into other markets to help the company grow. This marks Keene’s second Wash100 award win.

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Atlas Dynamics and Luxriot have teamed up to create drone-based products and services for first-responders, defense and security markets. Atlas Dynamics said Monday it will combine its autonomous unmanned aerial vehicle expertise with the Luxriot Evo Video Management Software to develop technologies that can impact the aforementioned markets. Ainars Svirskis, business development manager at Luxriot, said […] More

A Research and Markets report forecasts the worldwide market for targeting pods will experience a 6.61 percent compound annual growth rate in the next five years as military agencies increase aircraft procurement and modernization efforts. The targeting pods market’s value is projected to increase from $3.3 billion in 2017 to $4.5 billion by 2022, Research Markets said Thursday. Lockheed Martin, L3 […] More

A new Research and Markets report predicts that U.S. spending on defense programs will grow 5.7 percent year-over-year to reach nearly $798 billion by 2022. The U.S. spent about $586.7 billion on defense during 2017 and is projected to have the largest defense expenditure in the world over the next four years, Research and Markets said Wednesday. The report also […] More

Research and Markets has projected that technological advancements in the production of military and commercial drones will help fuel the worldwide drone market’s growth to $16.7 billion in value by 2022. The company said Wednesday that efforts by the Federal Aviation Administration and other regulatory agencies to formulate policies that support use of military unmanned aerial […] More

A new Research and Markets report predicts the global man-portable military electronics market will reach $6.4 billion by 2027 with a compound annual growth rate of 3.29 percent due to the increasing complexity of modern warfare techniques and soldier modernization efforts. The company said Friday it expects the communication segment to hold a market share of 56.7 percent over the […] More