Global Land Based Defense Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The land based defense equipment market consists of sales of land based defense equipment by entities (organizations, sole traders and partnerships) that produce land based defense equipment including support and auxiliary equipment for land based defense such as radar, satellites, sonars and other auxiliary equipment.

Global Land based Defense Equipment Market Size And Drivers:

The global land-based defense equipment market is expected to grow from $47.06 billion in 2020 to $47.88 billion in 2021 at a compound annual growth rate (CAGR) of 1.7%. The market is expected to reach $57.89 billion in 2025 at a CAGR of 5%. The overall economic growth of the emerging economies is expected to positively impact the land-based defense equipment manufacturing market.

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Trends In The Global Land based Defense Equipment Market

CornerShot rifles are increasingly being used in the defense industry. CornerShot weapons have steel hinge that allows the gun’s frame to bend around the corner to attack target without exposing themselves. These rifles help shooters to navigate around corners via a high-resolution camera and LCD monitor. The corner shot rifles are widely used inside armored vehicles and tanks, on a turret up top, which will allow for a full 360-degree field cover while the triggerman remained safely inside the vehicle. The weapon is accurate and effective to 100 to 200 meters depending on the type weapon.

Global Land based Defense Equipment Market Segments:
The global land based defense equipment market is further segmented based on type, operation and geography.
By Type: Armored Vehicles, Missiles, Tanks, Small Arms And Light Weapons.
By Operation: Autonomous Land Based Defense Equipment, Manual.
Subsegments Covered: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles, Short Range, Medium Range, Intermediate Range, Intercontinental, Light, Medium, Heavy, Small Arms, Light Weapons.
By Geography: The global land 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 land defense equipment market, accounting for 42% of the total market.

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Land based Defense Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides land based defense equipment market overviews, analyzes and forecasts market size and growth for the global land based defense equipment market, land based defense equipment market share, land based defense equipment market players, land based defense equipment market segments and geographies, land based defense equipment market’s leading competitors’ revenues, profiles and market shares. The land based defense equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.