The increasing emphasis on battlefield technolgy upgrade and extensive rise in investment in the defense & foreign intelligence are the major factors influencing the market growth.
The Global Ground Defense System Market is forecasted to be worth USD 68.28 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market include increasing usage of battlefield intelligence, rising demand for cyber security in military & defense intelligence involving the data breaches from the confidential governing bodies, rising threats & tensions in asymmetric warfare, and growing investment in the defense bodies & foreign intelligence platforms, among others.
The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects.
The global market landscape of Ground Defense System is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
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key features of the report
- In May 2020, BAE Systems announced the completion of the accusation of the business of Airborne Tactical Radios of Raytheon Technologies Corporation. This acquisition will help deliver game-changing electronic mission and control solutions for their customers.
- The Defense Intelligence is growing with the fastest CAGR of 6.3% throughout the projected period owing to its higher incorporation of intelligence protocols, including the nextgen communication, surveillance, reconnaissance, information fusion & data analytics, electronic welfare & spectrum dominance, and cyber control systems, among others.
- The regions in the Asia Pacific lead by China, India, Japan, and South & North Korea are allotting a considerable budget for their defense grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric welfare, along with a higher economic development, enhancement in the technological industry deliberately help propel the ground defense market enforcement.
Key players in the market The Boeing Company, BAE Systems, Lockheed Martin, Rockwell Collins, Elbit Systems, Northrop Grumman, Thales Group, Leonardo S.p.A., Raytheon Company, and General Dynamics, among others.
Market Overview:
The research report on the Ground Defense System market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Ground Defense System business sphere.
For the purpose of this report, Emergen Research has segmented into the global Ground Defense System Market on the basis of Application, End-User, Component, Technology, and Region:
Application Outlook (Revenue: USD Billion; 2017-2027)
- Logistics & Transportation
- Surveillance & Reconnaissance
- Cyber Security
- Explosive Ordinance Disposal (EOD)
- Intelligence & Data Warfare
- Combat Simulation, Training & Health Monitoring
- Others
End-User Outlook (Revenue: USD Billion; 2017-2027)
- Military
- Defense Intelligence
- Law Enforcement
Component Outlook (Revenue: USD Billion; 2017-2027)
- Products
- Modern Weapons
- Armored Fighting Vehicle
- Command and Control System
- Military Unmanned Ground Vehicle
- Satellite
- Armored and Unmanned Ground Vehicle
- Soldier Equipment
- Unmanned Aerial Vehicle (UAV)
- Smart Clothing
- Vision and Surveillance
- RFID
- Communication Devices
- Others
- Services
- Artificial Intelligence
- Cyber Security
- Data Transfer Protocol
- Others
Technology Outlook (Revenue: USD Billion; 2017-2027)
- Artificial Intelligence
- 3D Printing
- Internet of Things
- Wearable Devices
- Others
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
