A new General Services Administration report says the agency awarded $557 million in federal government contracts to women-owned small businesses in fiscal year 2020. The value represents approximately 10 percent of GSA's total eligible spend of $5.3 billion in the said year.
A Fortune Business Insights report estimates that the global military drone market will grow to $23.78B by 2027 at a 12.12 percent compound annual growth rate partly driven by the increase in military spending in major world economies.
A Visiongain forecast, released by ReportLinker, says military sensor technology adoption will help drive the global sensor fusion market between 2019 and 2029. ReportLinker said Thursday the market will experience growth over the next decade as military organizations seek to obtain insights from sensor data. The report also provides an analysis of the following key industry […] More
A new study by Onvia says government contractors expect an increase in sales in 2017 to 2018 compared to their performance in 2016. Onvia said Thursday its market research team created the 2017 Onvia Government Contractor Confidence Index using survey responses from 424 companies that sell to federal, state, local and education agencies. The GCCI is based on […] More
A Frost & Sullivan report predicts the Defense Department‘s foreign military sales program will experience a compound annual growth rate of 3.4 percent through 2021 as international government customers move to increase defense spending, update military equipment and respond to regional tensions. The research firm said Monday it found that ground-based air defense, fighter aircraft and tactical vehicle systems are the most requested and delivered […] More
A Deltek market report predicts the federal health information technology market to reach $6.4 billion in spending by 2021 at a compound annual growth rate of 1.4 percent due to investments aimed to analyze, digitize, secure and share health information. Deltek said Wednesday federal agencies such as the Defense Health Agency and the Department of […] More
A new report from Strategic Defence Intelligence has predicted that the worldwide market for military armored vehicles and related maintenance, repair and overhaul services will experience a 3.7 percent compound annual growth rate from 2016 to 2026. The “Global Military Armored Vehicles and MRO Market 2016-2026” report also forecasts the Asia Pacific region will lead the sector with a 26.8 percent market share […] More
A Frost & Sullivan report, released by Research and Markets, forecasts the U.S. government and military satellite market will reach an average of $53.78 million in value at a compound annual growth rate of 3.6 percent over the next five years. Research and Markets said Friday the U.S. government accounted for approximately $1.34 billion of the overall global spending on commercial satellite […] More
A new Research and Markets report projects the global military ammunition market to hit a compound annual growth rate of 1.52 percent from 2016 through 2026, buoyed by sustained procurement in defense spending countries. Research and Markets said Thursday that countries involved in conflicts and emerging economies involved in territorial disputes will drive the demand […] More
A new Research and Markets report predicts the global airborne intelligence, surveillance and reconnaissance market will hit a compound annual growth rate of 3.88 percent from 2017 through 2021. Research and Markets reported that many countries have started to augment their maritime security systems amid escalating possibilities of terrorist attacks through sea routes and illegal dealings […] More
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