What Transformation Has the Ground Defense System Market Undergone?
The ground defense system market has seen considerable growth due to a variety of factors.
• Recent years have seen considerable growth in the market size of the ground defense system. It is anticipated to expand from a value of $56.33 billion in 2024 to $60.53 billion in 2025, marking a compound annual growth rate (CAGR) of 7.4%. This growth during the historic period has been driven by elements like the modernization of military operations, the evolution of threats, rising geopolitical tensions, an emphasis on urban warfare, and the allocation of budgets.
What Are The Predictions for The Ground Defense System Market in the Coming Years?
The Ground Defense System market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for ground defense systems is predicted to experience significant expansion in the forthcoming years, surging to $78.88 billion by 2029 with a compound annual growth rate (CAGR) of 6.8%.
The predicted growth during the forecasted timeframe is mainly due to the adoption of directed energy weapons, an increase in unconventional threats, The usage of modular and scalable systems, the integration of cybersecurity, and integrated command and control systems. The forecast period is expected to witness key trends such as a shift towards network-centric warfare, emphasis on mobility and maneuverability, integration of artificial intelligence, dominance in the electromagnetic spectrum, and multi-domain operations.
Which Drivers Are Accelerating Growth In The Ground Defense System Market?
The ground defense system market is expected to grow in response to an increase in demand for cybersecurity. Cybersecurity, which involves safeguarding electronic systems, computers, servers, mobile devices, networks, and data from destructive attacks, is essential for supporting ground defense systems in combat and protecting their networks from foes during times of peace. This escalates the need for cybersecurity in the ground defense system market. For example, it is projected by Seeking Alpha, an American crowd-sourced content provider for financial markets, that expenditures on cybersecurity will surpass $188 billion in 2023. In addition, US-based Cybercrime Ventures predicts that the cost of cybercrime will grow by 15% per year, amounting to an annual sum of $10.5 trillion USD by 2025, with a global shortfall of 3.5 million cybersecurity jobs in 2023. Hence, this escalating demand for cybersecurity services propels the growth of the ground defense systems market.
What Are The Core Segments Of The Global Ground Defense System Market?
The ground defense system market covered in this report is segmented –
1) By Component: Products, Services
2) By Technology: Artificial Intelligence, 3D Printing, Internet Of Things, Wearable Devices, Other Technologies
3) By Operation: Manned, Unmanned
4) By Application: Logistics And Transportation, Surveillance And Reconnaissance, Cyber Security, Explosive Ordinance Disposal (EOD), Intelligence And Data Warfare, Combat Simulation, Training And Health Monitoring, Other Applications
5) By End-User: Defense Intelligence, Military, Law Enforcement
Subsegments:
1) By Products: Weapon Systems, Surveillance Systems, Communication Equipment, Command And Control Systems, Ground Vehicles, Sensors And Detectors, Missiles And Munitions
2) By Services: Maintenance And Support, Training And Simulation, Integration Services, Consulting Services, Logistics And Supply Chain Management
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Which Emerging Trends Are Reshaping The Ground Defense System Market Size?
Leading enterprises in the ground defense system market are now concentrating on creating inventive solutions like ground-launched cruise missiles to improve range, accuracy, and operational abilities in contemporary warfare. To illustrate, MBDA, a missile developer and manufacturer from France, unveiled the Land Cruise Missile (LCM) system, a ground-launched cruise missile specially designed for long distance precision strikes, in June 2022. This system, which is based on the current Naval Cruise Missile (NCM), has the capacity to hit targets up to 1,400 kilometers away and boasts of sophisticated features such as high accuracy, resistance against air defenses, and synchronized time-on-target (STOT) for simultaneous attacks on various targets. This missile aids in enhancing European defense capabilities by offering a sovereign solution for deep strike operations, thereby addressing the evolving needs of modern military forces amidst a changing geopolitical scenario.
Who Are the Key Players In The Ground Defense System Market?
Major companies operating in the ground defense system market include:
• BAE Systems PLC
• Lockhead Martin Corporation
• Northrop Grumman Corporation
• Thales Group
• Israel Aerospace Industries Ltd.
• Kongsberg Gruppen
• MBDA Missile Systems Inc.
• Rafael Advanced Defense Systems Ltd.
• Raytheon Technologies Corporation
• Rheinmetall AG
• Boeing Company
• Elbit Systems Ltd.
• Leonardo S.p.A.
• General Dynamics Corporation
• Curtiss-Wright Corporation
• Mercury Systems
• Saab AB
• AIRBUS
• Aselsan A.S.
• Teledyne FLIR LLC
• Chemring Group plc
• ST Engineering Ltd.
• FNSS Defense Systems Inc.
• NORINCO Group
• Rostec State Corporation
What Are The Regional Insights Into The Ground Defense System Market?
North America was the largest region in the ground defense system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the ground defense system market report during the forecast period. The regions covered in the ground defense system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
