Market-Defining and Diversified Innovations Driving Value Creation slide image

Market-Defining and Diversified Innovations Driving Value Creation

Digital Transformation and Geopolitics Driving Investment in Aerospace and Defense Keysight accelerating defense modernization and advancing research Key Drivers 5G/6G Spectrum Operations Autonomous Systems New Space Electrification Network Digital Twin AI/ML Quantum • • Favorable Global Spend Environment LEO satellite market expected to grow at >15% CAGR through 20261 U.S.: Defense budget FY23 approved: $847B (+8% YoY); research, development, test, and evaluation budget at record level ($130B) in FY23 (+16% YoY)² NATO: Increasing budgets significantly in response to current geopolitical situation and need for modernization Japan: Record-high FY23 defense budget, up 26% YoY³ South Korea: Initiative to develop comms systems for domestic use and exports; additional investment in space Opportunities COMMUNICATIONS Rich Market Insights + SPACE & SATELLITE GOVERNMENT RESEARCH AEROSPACE DEFENSE SUPPLY CHAIN GOVERNMENT ENTERPRISE Strong Core Portfolio + New Solutions 5G-AD and Space Strategic + Partnerships ✔ KEYSIGHT 1. MarketsandMarkets, LEO Satellite Market by Satellite Type, March 2022; 2. U.S. budget data from text of NDAA; 3. Based on defense budget in Japanese Yen. 53
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