Aerospace and Defense 2024 Industry Predictions: Geopolitical Volatility Brings Increased Defense Budgets to Ensure Preparedness

Matt Medley, the Global Industry Director for Aerospace and Defense at IFS, underscores the four pivotal trends influencing the defense sector in 2024. As financial allocations swell and the spectrum of potential conflict scenarios expands, swarm drones make their presence felt across land, air, and sea. Meanwhile, the dual-edged sword of artificial intelligence enhances the cutting edge of cybersecurity.

Persisting conflicts and geopolitical uncertainties indicate a sustained trend, prompting an upswing in defense budgets. The pertinent question arises: where will the increased spending be directed?

Read the full article from IFS here.