RFOptic’s Presence at Vietnam Defense Expo 2024
From December 19, 2024 to December 22, 2024, we, as RFOptic, co-exhibited with our local partner at Vietnam International Defense Expo 2024. The expo covered an area of over 100,000 square meters, including 15,000 square meters of indoor exhibition space and over 20,000 square meters of outdoor display areas, with 242 domestic and foreign participants. As RFOptic, the Vietnam is an important strategic market. In this blog post we will explain why.
For starters, Vietnam had some of the largest increases in military expenditures in Southeast Asia. Between 2003 and 2018, its military spending increased by nearly 700%, from USD 841 million in 2003 to USD 5.5 billion in 2018. [Source: Stockholm International Peace Research Institute (SIPRI)]. With the Vietnamese government investing heavily in modernizing its armed forces, including the acquisition of cutting-edge technologies, the defense market is expected to keep on growing in the next five years. The main focus is on maritime security-related activities. These efforts encompass air force, air defense, surface, and subsurface capabilities. Defense equipment suppliers and subcontractors can expect increased demand for naval combatants, aerial defense, intelligence systems, and surveillance and reconnaissance (ISR) equipment.
In 2019, the government published its Vietnam Defense White Paper, which outlines its non-aligned policy for territorial protection and regional security stability. Part of the government strategy is seeking new partners, updated equipment, and new technology. Against this background, there is a growing local demand for RFOptic’s products. That’s why we were present at the booth of our local partner, s9 Technology JSC, at the Viet Nam International Defence Expo 2024, showcasing RFOptic’s products and subsystems for the EW & Defense industry. Our partnership with s9 Technology already resulted in getting orders for Optical Delay Lines.
To conclude, the Vietnamese optical fiber market is growing rapidly, and we expect to provide all our solutions to both the local mobile and the EW/Radar sectors.
To learn more, contact us.