Global Air Based Defense Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
27 Apr, 2021
The air-based defense equipment market consists of sales of air based defense equipment by entities (organizations, sole traders and partnerships) that produce air based defense equipment including support and auxiliary equipment for air based defense such as radar, satellites, sonars and other auxiliary equipment.
Global Air based Defense Equipment Market Size And Drivers:
The global air-based defense equipment market is expected to grow from $174.85 billion in 2020 to $178.34 billion in 2021 at a compound annual growth rate (CAGR) of 2%. The market is expected to reach $223.33 billion in 2025 at a CAGR of 6%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in air based defense market, thus driving the market during the forecast period.
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Trends In The Global Air based Defense Equipment Market
Companies in the air-based defense equipment manufacturing market are using 3D printing technology to develop light weight structural as well as nonstructural military aircraft parts. 3D printing technology can be used to build three dimensional objects using digital models by laying successive layers of material. 3D printing is used in the air-based equipment manufacturing to create military aircraft parts with complex geometries quickly at low cost. The technology creates three-dimensional models of aircraft parts using metals, plastics, polymers, ceramics and other derivatives. For instance, in 2019 the U.S. Air force installed 17 3D printing parts on its C-5 Super Galaxy transport jet. The installed parts included crew bunk areas of the plane, overhead panels, reading and emergency light covers, window reveals gasper panels and aluminum seal retention handles.
Global Air based Defense Equipment Market Segments:
The global air based defense equipment market is further segmented based on type, operation and geography.
By Type: Fighter Aircrafts, Military Helicopters, Military Gliders and Drones
By Operation: Autonomous Air based Defense Equipment, Manual.
By Geography: The global air based defense equipment 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 air defense equipment market, accounting for 37% of the market.
Read More On The Report For The Global Air based Defense Equipment Market At:https://www.thebusinessresearchcompany.com/report/air-based-defense-equipment-global-market-report-2020-30-covid-19-impact-and-recovery
Air based Defense Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides air based defense equipment market overviews, analyzes and forecasts market size and growth for the global air based defense equipment market, air based defense equipment market share, air based defense equipment market players, air based defense equipment market segments and geographies, air based defense equipment market’s leading competitors’ revenues, profiles and market shares. The air based defense equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.