Global Defense Support and Auxiliary Equipment Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Defense Support and Auxiliary Equipment Market Report by The Business Research Company covers defense support and auxiliary equipment market drivers and restraints, defense support and auxiliary equipment market size, major players, and the impact of COVID-19 on the defense support and auxiliary equipment market.
The defense support and auxiliary equipment market consists of sales of support and auxiliary equipment for defense by entities (organizations, sole traders and partnerships) that manufacture support and auxiliary equipment for defense including equipment such as radar, satellites, sonars and other equipment. The defense support and auxiliary equipment market is segmented into military radars, military satellites and other defense support and auxiliary equipment.
Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in defense market, thus driving the market during the forecast period
The global defense support and auxiliary equipment market is expected to grow from $120.46 billion in 2020 to $122.62 billion in 2021 at a compound annual growth rate (CAGR) of 1.8%. 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 $143.42 billion in 2025 at a CAGR of 4%.
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Some defense support and auxiliary equipment market trends include use of passive radars gaining traction in the market due to their advantages across a wide range of defense and civil applications and cost effectiveness. Passive radars use the existing electromagnetic signals from the atmosphere to support imaging and tracking capabilities, whereas the regular/active radar sends out electromagnetic signals to the target and receives reflected signals from the target.
Global defense support and auxiliary equipment market segments include:
1) By Type: Military Radars, Military Satellites, Other Defense Support and Auxiliary Equipment.
Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global defense support and auxiliary equipment market, accounting for 36% of the market.
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The Defense Support and Auxiliary Equipment 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 support and auxiliary equipment market overviews, analyzes and forecasts market size, share, defense support and auxiliary equipment market players, defense support and auxiliary equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The defense support and auxiliary equipment 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 Support and Auxiliary Equipment 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: The Boeing Company, United Technologies Corporation, General Dynamics Corp, GE Aviation, Northrop Grumman Corp
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 Support And Auxiliary Equipment 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 Support And Auxiliary Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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