Defense Support and Auxiliary Equipment Global Market To Reach Value Of About $143 Billion In 2025

10 Feb, 2021

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.

Global Defense Support and Auxiliary Equipment Market Size And Drivers:

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 market is expected to reach $143.42 billion in 2025 at a CAGR of 4%. 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.

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Trends In The Global Defense Support and Auxiliary Equipment Market

Use of passive radars are gaining traction in the market due to its advantages across 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. Passive radars use ambient radio signals for tracking and surveillance and are less expensive to operate.

Global Defense Support and Auxiliary Equipment Market Segments:

The global defense support and auxiliary equipment market is further segmented based on type and geography.
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 global defense support and auxiliary equipment 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 total market.

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Defense Support and Auxiliary Equipment Global Market Report 2021 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 and growth for the global defense support and auxiliary equipment market, defense support and auxiliary equipment market share, defense support and auxiliary equipment market players, defense support and auxiliary equipment market segments and geographies, defense support and auxiliary equipment 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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