NEW YORK. The size of the unmanned maritime vehicle (UMV) market is forecast to reach over $3.1 billion by 2033, a projected increase of over $1.9 billion from the size of the 2023 market, driven by a growing number of applications for littoral warfare, according to a report from GlobalData, "Unmanned Maritime Vehicles – Thematic Intelligence."
LONDON. Interest in the use of military unmanned aerial systems (UASs) or unmanned aerial vehicles (UAVs) as a cost-effective platform alternative for military operations has led to a global surge in use by armed forces around the globe and will lead to the military UAS market reaching $12 billion in 2032, according to a new report from GlobalData, "Global Military UAV Market 2022-2032."
LONDON. Although augmented reality (AR) has to date struggled somewhat to meet soldiers' expectations in the battlefield, a report from GlobalData notes that the technology still offers critical advantages over virtual reality (VR).
LONDON. A recent GlobalData market report has highlighted that artificial intelligence (AI) sector deals have grown by 33.5% in the last 12 months, with the average deal being valued at $159 million.
LONDON. The Internet of Military Things (IoMT), although still at a nascent stage of development, will enable advanced militaries to speed up and increase the efficiency of the observe, orient, decide, act (OODA) loop, according to a new study from GlobalData, "Internet of Military Things -- Thematic Research."
LONDON. The global market for military electro-optical/infrared (EO/IR) systems -- valued at $9.2 billion in 2021 -- is anticipated to increase at a CAGR of 3.43% to reach a total of $12.9 billion by 2031, according to new market research from GlobalData, "Global Military Electro-Optical/Infrared (EO/IR) Systems Market to 2031."
LONDON. The global military unmanned aerial vehicle (UAV) market is valued at $8.0 billion in 2021, according to a new study by GlobalData, "Global Military Unmanned Aerial Vehicle (UAV) Market to 2031."