Increasing adaption of technological advancement in defense sector
The defense industry relied on commercial technology innovation to adopt new advancements. Many developed and developing countries are ready to adapt the technology innovations for military purposes. In the defense industry, big data and Internet of Things (IoT) plays the important role in technology innovations.
Along with that, many countries are investing huge amount in smart systems and artificial intelligence (AI). In 2018, the U.S. Defense Advanced Research Projects Agency (DARPA) announced a $2 billion campaign to develop the AI technologies and create more trusting, collaborative partnerships between human and machines. In the defense industry, artificial intelligence helps to use data effectively. It is also the gateway towards autonomous systems like amphibious vehicles, unmanned ground vehicles, infantry fighting vehicles, and mine-resistant ambush protection vehicles.
Military vetronics market include involvement of several electronic systems that is installed on a vehicle in order to control various functions, such as communication, navigation, and weapons. It consists of components from boards and chips to displays and power electronics. Real time data helps soldiers with situational awareness during battle. This advanced system strengthens the defense system.
Almost all countries are focusing and investing to make their defense sector strong enough. Following picturized statistic shows the list of 15 countries with the highest military spending in 2019. The United States ranked first, with defense spending total of approx. 732 billion U.S. dollars. Increasing adaption of technological advancement in defense sector is one of the major driving factors for the growth of military vetronics market.
Author's Detail:
Kalyani Raje / Linkedin
With a work experience of over 8+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as report writing, content writing, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
Author's Detail:
Kalyani Raje /
LinkedIn
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
