Investments in C4ISR, network-centric warfare, and missile defense to drive global defense spending, study saysNews
June 19, 2019
MOUNTAIN VIEW, Calif. Ongoing geopolitical tensions plus economic and industrial disruptions will drive a global arms race as military powers across the world recalibrate diplomacy, embrace new technology, and adjust their industrial policies, according to a study from Frost & Sullivan, "Global Defense Outlook, 2019."
"Major powers are investing in C4ISR [command, control, communications, computer, intelligence, surveillance, and reconnaissance], advanced missile-defense systems, and network-centric warfare models to compete in complex and dynamic threat landscapes," stated Arjun Sreekumar, Consultant & Senior Industry Analyst, Defense at Frost & Sullivan. "Research, development, testing, and evaluation (RDTE) in emerging military technologies such as hypersonic missiles, energy-based weapons, and integrated cybersecurity solutions will increase as industry and governments augment their technological prowess."
The market study also found that competition in defense procurement is on the rise, with some OEMs competing on price; others, the analysis found, are employing a greater degree of government-to-government linkages in negotiations and offering broader elements of technology transfer. As China and Russia aggressively pursue defense exports, the study concluded, OEMs in the West must prepare value propositions to better compete, with such added benefits as extended maintenance support and flexible financing support.
For additional information on this report, visit the Frost & Sullivan website.