Military IFF market to hit $2 billion benchmark by 2029, study says
NewsNovember 04, 2019
LONDON. The military IFF [identification friend or foe] market is expected to to generate sales of $1.19 billion in 2019, with the figure rising to $2.08 billion by 2029, a CAGR of 5.79% over the forecast period, according to a new study by Visiongain, "Military Identification Friend or Foe Market Forecast 2019-2029."
According to the study authors, some factors driving growth in the military IFF market will be the growing awareness among militaries for the necessity of IFF capabilities, the availability of newer IFF systems that enable interoperability between military partners, newly developed small unmanned aerial vehicles (UAVs) that can be integrated into the electronic battlefield, and continuing advances in digital and cyberwarfare.
For additional information, visit the Visiongain website.
