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Market for SATCOM equipment to see CAGR of 11.3% to 2028, study predicts - News

January 23, 2024

NORTHBROOK, Ill. The satellite communication (SATCOM) equipment market, which stood at $22.6 billion in 2023, is projected to rise to $38.7 billion by 2028, at a combined annual growth rate (CAGR) of 11.3%, according to a study from MarketsandMarkets, "Satellite Communication (SATCOM) Equipment Market Size, Share, Industry Growth & Analysis, 2028."

A.I.

AI in cybersecurity market to reach $60.6 billion by 2028, study predicts - News

January 05, 2024

NORTHBROOK, Ill. The global market for AI [artificial intelligence] in cybersecurity is projected to grow from $22.4 billion in 2023 to $60.6 billion by 2028, at a combined annual growth rate (CAGR) of 21.9%, according to a new report by MarketsandMarkets, "Artificial Intelligence in Cybersecurity Market -- Forecast to 2028." 

Comms

Military communications market to top $35 billion by 2028, study predicts - News

August 24, 2023

NORTHBROOK, 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" 

A.I.

AI market to grow at CAGR of 36.8% to 2030, according to market study - News

August 17, 2023

CHICAGO. 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." 

Unmanned

UAS used in combat: Market to reach $10.8 billion by 2028, report predicts - News

August 01, 2023

NORTHBROOK, 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."

A.I.

AI in military market will rise to $38.8 billion by 2028, study predicts - News

June 09, 2023

NORTHBROOK, 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."

Radar/EW

Defense electronics market to reach $289 billion by 2028, study predicts - News

April 26, 2023

NORTHBROOK, 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."