Today’s global strategic environment has engendered a far more wide-ranging and diverse defense equipment market, characterized by increased spending in both tried-and-tested hardware solutions and advanced, adaptive software systems that enable nations to keep pace with the technological changes steered by the commercial sector.
Commercial technology advances have been a key driver in the vast armored vehicles and related equipment market, ushering in a new era of agile acquisition policies and exquisite systems reinforced by artificial intelligence, advanced sensors, and virtual and synthetic products. Alongside new investment in the research and development, however, spending continues to prioritize the armored vehicle community’s capability matrix: survivability, lethality, manoeuvrability, connectivity, autonomy, modularity. This is reflected in sustained global investment in lighter, cheaper and more accurate active protection systems and MBTs, despite increasing demand for light protected mobility
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We created a 2019 progress update on the latest NGCV modernization and acquisition developments. As well as a breakdown of:
‘Digital Transformation’ is very much en vogue in the public and private sectors. It articulates the profound impact of digitization on organizational culture and procedure, and signifies a new era of data and information technology-centric thinking, design and practice.
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Against a backdrop of mass global urban migration and the increasing fragility of metropolitan spaces due to environmental and geopolitical crises, the likelihood of future conflict taking place in cities is increasing. Recognizing this, armies are modernizing their capability portfolios to enable them to fight and win in urban environments, and Unmanned Ground Vehicles (UGVs) are expected to play a critical role in future operations.
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The Unmanned Ground Vehicles (UGVs) market is projected to grow from $2.7 billion to $7 billion by 2025, at a rate of 14.81% during the forecast period. This increase is being driven by a range of army modernization programs, underpinned by rapid technological advancement and the need to increase force mass, reduce manpower burdens, and prepare for operations in more complex urban environments. In light of this, our partners at Defence IQ created this comprehensive report that outlines current key programs and requirements in the UGV space.
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Want to learn more about what happened in 2019? Check out our Post Show Report that highlights: attendee statistics, what to expect in 2020, and more!