Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

“Defense Global Market Forecast To 2022”

Posted by fidest press agency su giovedì, 12 settembre 2019

Global Defense Market Forecast to 2022 provides strategists, marketers and senior management with the critical information they need to assess the global defense market. The defense market consists of sales of air-based, sea-based and land-based military equipment by entities (organizations, sole traders and partnerships) that produce air-based, sea-based and land-based military equipment including support and auxiliary equipment such as radar, satellites, sonars and other auxiliary equipment or maintain, repair and overhaul defense equipment.Where is the largest and fastest growing market for the defense? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The defense market global report from the author answers all these questions and many more.Asia Pacific was the largest region in the global defense market, accounting for 32% of the market in 2018. North America was the second largest region accounting for 21% of the global defense market. South America was the smallest region in the global defense market.
Smart gun technology is gaining the interests of the manufacturer in the recent times. The technology will reduce accidental and criminal shootings due to its safety features that allows firing by authorized users only. A gun is implanted with a radio-frequency-identification devices (RFID) chip reader that connects wirelessly with a watch or wristband, when in a definite range, to activate it. This gun is activated through a 5-digit PIN code for a set period. Biometrics technology is also used for smart guns. Arms manufacturer such as Armatix and iGun Technology Corp are pursuing such technological advancements to provide the market with smart guns.

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