The world is entering a new arms race. Here is the 1-2-3 of ADG in the last year. Worth a deeper dive.
Global Defense Consultant | Driving Sustainable Growth for Your Dual-Use Business | Developing Aerospace, AI, Robotics & Manufacturing Tech? We Should Talk. ⬇️
👉 With FY2025 well underway, here are some Aerospace & Defense trends we can't ignore. The world is entering a new arms race. As global defense budgets soar and emerging technologies reshape the near-peer battlefield, staying ahead of the following is key for all ADG (Aerospace, Defense & Gov) stakeholders: 1️⃣ Record Defense Spending: Global military expenditure hit $2.24T in 2023 -- one of the steepest rises since 2009 -- and is projected to surpass this all-time high in CY2024. 2️⃣ Sustainability and Decarbonization in Aerospace: The SAF (Sustainable Aviation Fuel) market is set to skyrocket, reaching $14.2B by 2032. 3️⃣ AI & Digital Transformation: AI in Defense is on track to become a $16.6B market by 2030, transforming military readiness. Rolling up your sleeves to chart out a growth strategy? Take a look ☝ before you start. Graphic Data Source: Stockholm International Peace Research Institute (2024)