1 / 6

Defense Industry Outlook Emerging Defense Opportunities in 2024

The defense market is swiftly adapting to the growing demands for advanced capabilities across various domains, including air, land, sea, and space. Key areas such as hypersonic missile defense, artificial intelligence (AI), electric vehicles (EVs), space forces, autonomous systems, digital transformation, and space situational awareness stand at the forefront of these market developments.

sandeeproy
Download Presentation

Defense Industry Outlook Emerging Defense Opportunities in 2024

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1.  SEARCH LOGIN HOME / AEROSPACE AND DEFENSE / DEFENSE?INDUSTRY?OUTLOOK Defense Industry Outlook: Emerging Defense Opportunities in 2024 Authored by Shweta Surender, MarketsandMarkets, 08 Feb 2024   In 2023, global defense spending surged by 18.5%, marking a signi?cant increase that underscores the ongoing expansion in military expenditure amidst rising concerns over new security challenges fueled by persistent con?icts and geopolitical tensions. The defense market is swiftly adapting to the growing demands for advanced capabilities across various domains, including air, land, sea, and space. Key areas such as hypersonic missile defense, arti?cial intelligence ?AI?, electric vehicles ?EVs), space forces, autonomous systems, digital transformation, and space situational awareness stand at the forefront of these market developments. Access our popular detailed report here: www.marketsandmarkets.com/Market-Reports/global-defense- industry-outlook-153569545.html   We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info . X close

  2.   Top defense companies, including Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Saab, BAE Systems, and Thales, are at the forefront of this evolution, empowering military forces to upgrade their operational capacities and integrate cu?ing-edge technologies. A favorable startup ecosystem a?racts military contracts and investments, leading to the growth of the defense industry. These startups are pivotal in incorporating AI into defense mechanisms, thus facilitating the advent of novel defense suppliers and the di?usion of next- generation military capabilities. The trend toward manned- unmanned teaming and AI-driven pilot systems exempli?es the ongoing shift in defense technology.   We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info . X close Autonomous counter-drone technologies and quadruped robots represent the next-generation military advancements poised to be integrated into operation in 2024. A range of defense manufacturers are in the process of developing these sophisticated capabilities to empower military clients with enhanced operational e?ectiveness

  3. and improved soldier safety in alignment with evolving mission demands. Download PDF Brochure @ h?ps://www.marketsandmarkets.com/pdfdownloadNew.asp? id=153569545   Intense current con?icts globally are prompting targeted increases in defense spending across various regions. Ukraine, notably, is bene?ting from defense funds provided by an array of international allies, while defense ?rms are actively seeking to establish production facilities within the country. The ongoing geopolitical turmoil, sparked by the con?ict between Israel and Hamas, has led to a series of armed confrontations in the Middle East, drawing in international allies and insurgent factions. Concurrently, space is emerging as a critical theater of military operations, with numerous nations inaugurating dedicated military space services. This shift is catalyzing an increase in space force budgets and amplify investments in military space technologies, including space situational awareness and low earth orbit ?LEO? satellite constellations. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info . X close

  4.   About 80% of the Forbes Global 2000 B2B companies rely on MarketsandMarkets to identify growth opportunities in emerging technologies and use cases that will have a positive revenue impact. SUBSCRIBE EMAIL RECENT POST Leading Automated Guided Vehicle Companies 2024: An In-depth Analysis CHARGED UP: SHIFT TO E-MOBILITY AND THE EVOLUTION OF TRANSPORTATION Global Automotive Market: Predictions For 2024 Revolutionizing Depot Charging: Hockey Stick Growth on the Cards The Mega Trends That Will Shape Our Future World See All We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info . X close

  5. Frequently Asked Questions Q? Unmanned Platforms and Portable Systems to Adopt Hydrogen Fuel Cells With increased field testing of hydrogen fuel cells, their deployment is anticipated across various unmanned and man- portable systems within the defense sector. This development is poised to establish a precedent for the widespread adoption of hydrogen fuel cell technology in compact system formats. Q? Hypersonic Interceptors to be Developed and Integrated with Missile Defense Systems As the development of hypersonic missiles progresses, the concurrent advancement of hypersonic interceptors, signals an impending wave of technological enhancements within the missile defense arena. countermeasures, including Q? AI-enabled Pilot to be Deployed in Combat Aircraft Anticipated allocations in defense budgets are set to fund the development of AI-enabled unmanned aircraft. AI-pilot technologies are expected to be integrated into existing manned aircraft. This move aims to showcase the next generation of advanced manned combat aircraft, potentially accelerating the ongoing efforts toward effective manned- unmanned teaming in military operations. The Aerospace & Defense practice at MarketsandMarkets is diligently tracking the global defense industry, evaluating market sizes and trends to aid stakeholders in strategic decision-making. The firm offers in-depth defense industry analysis through the regular publication of comprehensive syndicate reports. One notable publication, the Defense Industry Outlook, delves into current trends and future prospects, offering a valuable resource for entities focused on seizing short-term and long-term revenue opportunities within the defense sector. This report serves as an essential tool for those aiming to grasp the recent historical context and forthcoming defense industry growth, thereby facilitating strategic planning and decision-making.   RELATED REPORTS We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info . X close Global Defense Outlook 2024 Market

  6. QUICK LINKS MI Cloud New Reports Industry News Top Market Reports Conferences Feeds MarketsandMarkets is a competitive intelligence and market research platform providing over 10,000 clients worldwide with quanti?ed B2B research and built on the Give principles. Market Research Reports Media Mentions Blogs Research Insight Disclaimer Insights SiteMap Privacy Policy Events XML Terms and Conditions CSR Follow Us About Us ? ? ? ? ? Press Room ABOUT TRUST ONLINE Careers ? ? Contact Us ©2024 Marketsandmarkets Research Private Ltd. All Rights Reserved. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info . X close

More Related