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.
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A Zion Market Research report forecasts that artificial intelligence spending in the global military sector will reach $16.3B by 2026, with a compound annual growth rate of 14.5 percent over the next seven years.
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Zion Market Research has predicted the global market for command and control, computers, communication, intelligence, surveillance and reconnaissance systems will hit a value of $127.2B by 2024 at a 3.6 percent compound annual growth rate. Investments in defense technology and demand for communication and surveillance systems and smart city projects will be …
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A consortium of Airbus Group‘s helicopters business and French defense contractor Naval Group has received a contract from France’s defense procurement agency to help develop an unmanned helicopter demonstrator. Airbus said Thursday the team will conduct a study to determine potential technologies for the French military’s future Navy Airborne Drone System, …
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The British navy has commissioned the HMS Queen Elizabeth aircraft carrier during a ceremony held Thursday at the Portsmouth naval base in England. The ceremony was attended by Queen Elizabeth, Princess Anne, UK Defense Secretary Gavin Williamson and other British military leaders, the U.K. government said Thursday. HMS Queen Elizabeth was built by …
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Iridium Communications has initiated on-orbit tests of the company’s broadband service platform built to deliver global L-band connectivity through the NEXT satellite constellation. The company said Thursday it uploaded software to the NEXT satellites that are already in orbit to activate the Iridium Certus communications service. Certus entered live testing Sept. …
Read More » A U.K. aircraft carrier built by a BAE Systems–Babcock–Thales Group alliance has arrived at its homeport in Portsmouth, England for the first time. The British defense ministry said Wednesday sailors and a flypast from the Fleet Air Arm welcomed the Aircraft Carrier Alliance-built HMS Queen Elizabeth ship that will support F-35 trial flights beginning …
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A Visiongain report has estimated worldwide revenue for military unmanned aerial vehicles reached $7.4 billion last year. The company’s Military UAV Market Report 2016-2026 report also covers analyses and forecasts on high-altitude long endurance UAVs, medium-altitude long-endurance drones and three other military UAV submarkets over the next 10 years in eight countries that include the …
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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 …
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A new report has named the top manufacturers in the airborne systems surveillance radar industry based on their present and potential sales and revenue, RegistrarDaily reported Monday. The Airborne Systems Surveillance Radar market research provided information on the business, revenue segmentation and products of the companies, as well as their market growth forcast, …
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A new Research and Markets report forecasts the software defined radio market to hit $29.12 billion by 2021 from $16.24 billion in 2016, or a compound annual growth rate of 12.39 percent. The report notes that the market will be driven by demand for advanced communication systems as organizations seek …
Read More » Research and Markets has released a new report that predicts the public safety and security market will reach $456.56 billion by 2021 from $247.53 billion in 2016, or a compound annual growth rate of 13 percent. The report cites the rise in criminal activities, natural disaster and cross border terrorism, …
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A report from research firm Visiongain estimates that global revenue for military land vehicle electronics will reach $3.3 billion this year. The company’s “Military Land Vehicle Electronics Market Report 2016-2026” report also predicts that technology development efforts will help drive sales growth for the sector over the next 10 years, ReportBuyer said Monday. Vistronics also forecasts …
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The State Department has approved Egypt’s request to purchase Sentinel AN/MPQ-64F1 radars, High Mobility Multipurpose Wheeled Vehicles Ml 152 and related support from the U.S. government under a potential $70 million foreign military sales agreement. ThalesRaytheonSystems, a joint venture of Thales Group and Raytheon, will serve as principal contractor for the sale that covers eight Sentinel …
Read More » A Grand View Research report predicts the global military radar market will reach $13.78 billion in value by 2024 due to an increasing demand for border safety. The use of radar technology in weapon guidance, air traffic control and collision avoidance systems is also projected to drive market growth, Grand View Research said Thursday. The projected growth will also …
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