AMSTERDAM. The global defense battery market -- totaling $1.87 billion in 2020 -- is anticipated to reach a value of around $3.36 billion by 2029, a combined annual growth rate (CAGR) of around 6.47% over the forecast period, according to a new study from Market Forecast, "Global Military Batteries -- Market and Technology Forecast to 2029."

AMSTERDAM. Growth in modular technologies like electronic warfare (EW) and stealth capabilities will pace the expansion of the global surveillance radar market, according to a new study from Market Forecast, "Global Surveillance Radars -- Market and Technology Forecast to 2028." 

AMSTERDAM. The market revenue for global targeting pods -- reported to be $3.54 billion in 2020 -- is predicted to reach a value of approximately $6.22 billion by the year 2028, a combined annual growth rate (CAGR) of around 7.06% during the forecast period, according to a new study from Market Forecast, "Global Targeting Pods -- Market and Technology Forecast to 2028."

AMSTERDAM. The global market revenue for military land vehicle electronics (vetronics), which accounted for $3.64 billion during 2020, is anticipated to reach approximately $6.01 billion by the year 2028, a combined annual growth rate (CAGR) of 5.73% during the forecast period, according to a market study by Market Forecast, "Global Military Land Vehicle Electronics (Vetronics) - Market and Technologies Forecast to 2028."

AMSTERDAM. The total global defense budget -- estimated at around $1.8 trillion in 2020 -- is expected to grow to more than $2 trillion by 2028, at a combined annual growth rate of around 3%, according to a study by Market Forecast, "Global Defense Budget Analysis - Forecast to 2028."

AMSTERDAM. IoT [Internet of things] technologies have the ability to support the military to effect substantial efficiencies, improve security and communication networks, and generate significant cost savings, according to a recent study by Market Forecast, "Global Military IoT & Sensors -- Market and Technology Forecast to 2028."