DSEI 2019: Market for air defence set to skyrocket
In a new forecast briefed on 11 September at DSEI, Defence Insight predicted that the market for air defence and artillery systems over the next decade will be worth in the region of $160 billion globally.
According to director of analysis at Shephard, Matt Smith, the forecast is based on tracking some 220 procurement programmes currently under way or planned during the period.
Smith went on to explain that four sectors in particular were expected to experience significant spend during the period. ‘It is the three air defence segments and self-propelled artillery that are the real leaders,’ he stated.
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