Markets and Markets

Military communications market to top $35 billion by 2028, study predicts - News
August 24, 2023NORTHBROOK, Ill. The global market for military communications technologies, estimated at $24.2 billion in 2023, will rise to $35.4 billion by 2028, at a combined annual growth rate (CAGR) of 7.9% during the forecast period, according to a new study by MarketsandMarkets, "Military Communications Market by Platform (Land, Naval, Airborne, Unmanned Vehicles), Application, System, Point of Sale (New Installation, Upgrade), and Region (North America, Europe, Asia Pacific, Rest of the World) -- Global Forecast to 2028"
AI market to grow at CAGR of 36.8% to 2030, according to market study - News
August 17, 2023CHICAGO. The global artificial intelligence (AI) market, which totaled $150.2 billion in 2023, is predicted to grow to $1.35 trillion by 2030, at a compound annual growth rate (CAGR) of 36.8% during the forecast period, according to a new report by MarketsandMarkets, "Artificial Intelligence Market."
UAS used in combat: Market to reach $10.8 billion by 2028, report predicts - News
August 01, 2023NORTHBROOK, Ill. The global market for uncrewed aerial systems (UASs, also called drones) used in combat, valued at $7.2 billion in 2023, is projected to reach $10.8 billion by 2028, at a combined annual growth rate (CAGR) of 8.6%, according to a new report by MarketsandMarkets, "Combat Drone Market."
AI in military market will rise to $38.8 billion by 2028, study predicts - News
June 09, 2023NORTHBROOK, Ill. The market for artificial intelligence (AI) used by the military, estimated at $9.2 billion in 2023, is projected to reach $38.8 billion by 2028 -- for a combined annual growth rate (CAGR) of 33.3% during the forecast period -- according to a new report from MarketsandMarkets, "Artificial Intelligence (AI) in Military Market by Offering (Software, Hardware, Services), Technology (Machine Learning, Natural Language Processing), Platform (Airborne, Land, Space), Application, Installation Type, Region - Global Forecast to 2028."
Defense electronics market to reach $289 billion by 2028, study predicts - News
April 26, 2023NORTHBROOK, Ill. The defense electronics market -- estimated at $220.3 billion in 2023 -- is projected to reach $289. billion by 2028, growing at a combined annual growth rate (CAGR) of 5.6% during the forecast period, according to a new report by MarketsandMarkets, "Defense Electronics Market: Industry Forecast to 2028."
Soldier-systems equipment market to reach $12.8 billion by 2027, research predicts - News
February 10, 2023NORTHBROOK, Ill. The soldier-system market is predicted to grow from $10.4 billion in 2022 to $12.8 billion by 2027, at a combined annual growth rate (CAGR) of 4.4% during the study period, according to a report from MarketsandMarkets, "Soldier Systems Market."
Digital-battlefield market to grow substantially in next eight years, report predicts - News
November 21, 2022NORTHBROOK, Ill. The digital-battlefield market, which totaled $43.2 billion in 2022, is slated to grow to $154.1 billion by 2030, according to a new report from MarketsandMarkets, "Digital Battlefield Market by Solution (Hardware, Software, Service) Platform (Airborne, Naval, Land, Space), Application, Technology (Artificial Intelligence, IOT, Big Data, 5G, Cloud Computing and Master Data Management) Region -- Global Forecast to 2030."