Global Defense Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Defense Market Report by The Business Research Company covers defense market drivers and restraints, defense market size, major players, and the impact of COVID-19 on the defense market.
The defense market consists of sales of air-based, sea-based and land-based military equipment by entities (organizations, sole traders and partnerships) that produce air-based, sea-based and land-based military equipment including support and auxiliary equipment such as radar, satellites, sonars and other auxiliary equipment or maintain, repair and overhaul defense equipment.
The global defense market is expected to grow from $438.34 billion in 2020 to $446.59 billion in 2021 at a compound annual growth rate (CAGR) of 1.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $542.33 billion in 2025 at a CAGR of 5%.
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Some defense market trends include adoption of unmanned combat vehicles. An unmanned combat vehicle is a machine or motorized vehicle that runs without any physical human intervention. These vehicles have a set of sensors for 360-degree situational awareness and for optical avoidance, steering actuators, brake, and laser scanner along with other autonomous features enabling remote or autonomous functioning of the vehicle. They are majorly used to inspect the surroundings and transfer the information to operator through teleoperation or make autonomous decisions to deal with situations involving several technical challenges.
Global defense market segments include:
1) By Type: Air Based Defense Equipment, Sea Based Defense Equipment, Land Based Defense Equipment, Defense Equipment Maintenance, Repair And Overhauling Services, Defense Support And Auxiliary Equipment.
2) By Operation: Autonomous Defense Equipment, Manual.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global defense market, accounting for 34% of the market.
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The Defense Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides defense market overviews, analyzes and forecasts market size, share, defense market players, defense market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The defense market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Defense Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Lockheed Martin, Raytheon Company, BAE Systems, Northrop Grumman, Boeing
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Defense Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Defense Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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Here is a list of reports from The Business Research Company similar to the Defense Global Market Report 2021:
Air Based Defense Equipment Global Market Report 2021: COVID-19 Impact And Recovery To 2030
Sea Based Defense Equipment Global Market Report 2021: COVID-19 Impact And Recovery To 2030
Land Based Defense Equipment Global Market Report 2021: COVID-19 Impact And Recovery To 2030
