Air based Defense Equipment Global Market Report 2023 – By Type (Fighter Aircrafts, Military Helicopters, Military Gliders and Drones), By Operation (Autonomous Air based Defense Equipment, Manual), By Component (Weapon System, Fire Control System, Command and Control System) – Market Size, Trends, And Global Forecast 2023-2032

The defense refers to a range activities including production of air-based, sea-based, and land-based military equipment, including support and auxiliary equipment such as radar, satellites, sonars, and other auxiliary equipment, or maintain, repair, and overhaul defense equipment. The main defense types are air-based defense equipment, sea-based defense equipment, land-based defense equipment, defense equipment maintenance, repair, and overhaul services, defense support, and auxiliary equipment. Air-based defense equipment includes support and auxiliary equipment for air-based defense, such as radar, satellites, sonar, and other auxiliary equipment. The various operations include autonomous defense equipment, manuals and involve various platforms such as airborne, land, and naval. The global defense market is segmented - 1) By Type: Air based Defense Equipment, Sea based Defense Equipment, Land based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment 2) By Operation: Autonomous Defense Equipment, Manual 3) By Platform: Airborne, Land, Naval Subsegments Covered: Fighter Aircrafts, Military Helicopters, Military Gliders and Drones, Battle Force Ships (Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support crafts), Submarines (including Nuclear Submarines), Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons, Air based Defense Equipment MRO Services, Water based Defense Equipment MRO Services, Land based Defense Equipment MRO Services, Military Radars, Military Satellites, Other Defense Support and Auxiliary Equipment The global defense market size will grow from $534.79 billion in 2022 to $577.19 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of defense is expected to grow to $718.12 billion in 2027 at a CAGR of 5.6%. The adoption of unmanned combat vehicles is one of the major trends in this market. An unmanned combat vehicle is a machine or motorized vehicle that runs without any physical human intervention. These vehicles have a set of sensors for 360-degree situational awareness and for optical avoidance, steering actuators, brakes, and laser scanners, along with other autonomous features enabling remote or autonomous functioning of the vehicle. It is mostly used to inspect the surroundings and transfer the information to the operator through teleoperation or make autonomous decisions to deal with situations involving several technical challenges. For instance, in January 2020, the U.S. Army awarded contracts for the development of robotic combat vehicles (RCV-M). It is an unmanned robotic teleoperation combat vehicle with an onboard 20-to 50-millimeter automatic cannon. It can fight alongside infantry and destroy enemy armored personnel carriers, trucks, and troops. Major companies in the defense market include Lockheed Martin Corporation, Raytheon Technologies Corporation, The Boeing Company, Raytheon Co, Northrop Grumman Corp, Bae Systems plc, Airbus Group SE, Leonardo SpA, Thales group, and General Dynamics. Corner shot weapons are increasingly becoming popular due to the safety features they offer. A corner shot is a specialized weapon accessory, essentially a hinged chassis installed on a pistol such as a Glock, a handgun, or a Beretta 92. The hinge chassis allows the gun’s frame to bend around the corner and attack the target without exposing the soldiers. It is also equipped with a bore-sighted, high-resolution video camera, an LCD monitor, and a built-in tactical light for navigation and illumination. The corner shot rifles or guns are widely used in battlefields, inside armored vehicles and tanks, on a turret up top, which will allow for a full 360-degree field of cover while the triggerman remains safely inside the vehicle. The weapon is accurate and effective up to 100 to 200 meters, depending on the type of weapon. Companies in the air-based defense equipment manufacturing market are increasingly investing in the development of autonomous fighter jets. Autonomous fighter jets are jets that do not require human pilots to fly and can fly for longer periods of time. Autonomous jets are equipped with sensors to scan for potential threats and process more information at a given time. These jets are well equipped to collect intelligence about the enemy, block the electronic systems of enemy aircraft, and shoot down other threats in the air. Following the trend, in October 2021, Northrop Grumman Corporation, a US-based aerospace and defense technology company, developed a new autonomous aircraft called the Model 437, a stealth jet with a range of 3,000 miles that was created in partnership with Scaled Composites. The Scaled Composites-developed Model 401 Sierra, a low-cost manufacturing technology demonstrator aircraft, serves as the foundation for the Model 437. Asia-Pacific was the largest region in the defense market in 2022. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the defense market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The defense market consists of sales of air-based, sea-based, and land-based defense equipment such as military aircraft, helicopter, satellites, and radars, as well as support services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The defense market research report is one of a series of new reports from The Business Research Company that provides defense market statistics, including defense industry global market size, regional shares, competitors with a defense market share, detailed defense market segments, market trends and opportunities, and any further data you may need to thrive in the defense industry. This defense market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The defense support and auxiliary equipment refer to support and auxiliary equipment used for defense operations, including equipment such as sonars. The defense support and auxiliary equipment include all mobile and fixed systems required to support the operation of the primary defense systems. The main types of defense support and auxiliary equipment are military radars, military satellites, and other defense support, and auxiliary equipment. Military satellites are man-made satellites that are used for military purposes. Navigation, intelligence gathering, and military communications are the most prevalent missions. The different types of payloads include communication payloads, navigation payloads, imaging payloads, and others and are used in several applications such as intelligence, surveillance, and reconnaissance (ISR), communication, and navigation. The global defense support and auxiliary equipment market is segmented - 1) By Type: Military Radars, Military Satellites, Other Defense Support and Auxiliary Equipment 2) By Payload Type: Communication Payload, Navigation Payload, Imaging Payload, Others 3) By Application: Intelligence, Surveillance, and Reconnaissance (Isr), Communication, Navigation Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite The global defense support and auxiliary equipment market size will grow from $146.97 billion in 2022 to $157.55 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of defense support and auxiliary equipment is expected to grow to $191.88 billion in 2027 at a CAGR of 5.1%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in the defense market, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins. This allows companies to expand production and increase product portfolios, thus driving the growth of the defense support and auxiliary equipment market. Major companies in the defense support and auxiliary equipment market include Raytheon Technologies Corporation, Raytheon Co, Thales group, The Boeing Company, Leidos, Leonardo SpA, ManTech International Corp., L3 Technologies Inc., Rostec State Corporation, and Bae Systems plc. The use of passive radars is gaining traction in the market due to its advantages across a wide range of defense and civil applications and cost-effectiveness. Passive radars support imaging and tracking capabilities by utilizing existing electromagnetic signals from the atmosphere, whereas regular/active radars send electromagnetic signals to the target and receive reflected signals from the target. Passive radars use ambient radio signals for tracking and surveillance and are less expensive to operate. Some of the examples of passive radar systems are Silent Sentry by Lockheed Martin, Celldar by Roke Manor Research Limited, and Homeland Alerter 100 by Thales Group. North America was the largest region in defense support and auxiliary equipment market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the defense support and auxiliary equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the defense support and auxiliary equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The defense support and auxiliary equipment market consists of sales of defense support and auxiliary equipment such as radars, and satellites. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The defense support and auxiliary equipment market research report is one of a series of new reports from The Business Research Company that provides defense support and auxiliary equipment market statistics, including defense support and auxiliary equipment industry global market size, regional shares, competitors with a defense support and auxiliary equipment market share, detailed defense support and auxiliary equipment market segments, market trends and opportunities, and any further data you may need to thrive in the defense support and auxiliary equipment industry. This defense support and auxiliary equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The defense equipment maintenance, repair, and overhauling services refer to providing MRO services to all kinds of air, sea, and land-based defense equipment, including fighter aircraft, and military helicopters. The main types of defense equipment maintenance, repair, and overhaul services are air-based defense equipment MRO services; water-based defense equipment MRO services; and land-based defense equipment MRO services. Air-based defense equipment includes support and auxiliary equipment for air-based defense, such as radar, satellites, sonar, and other auxiliary equipment. The services are used for an annual maintenance contract, individual projects, and others. The different sectors include commercial aviation, business, general aviation, military aviation, and others. The global defense equipment maintenance, repair and overhauling services market is segmented - 1) By Type: Air based Defense Equipment MRO Services, Water based Defense Equipment MRO Services, Land based Defense Equipment MRO Services 2) By Service Type: Annual Maintainance Contract, Individual Works, Others 3) By End User: Commercial Aviation, Business And General Aviation, Military Aviation, Others The global defense equipment maintenance, repair and overhauling services market size will grow from $78.1 billion in 2022 to $83.74 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of defense equipment maintenance, repair and overhauling services is expected to grow to $101.51 billion in 2027 at a CAGR of 4.9%. During the forecast period, developed countries will experience low interest rates as monetary authorities reduce interest rates to stimulate economic growth and prevent deflation. This led to the flow of cheap money for investment in these economies. Low interest rates encouraged borrowing for investment and helped drive spending. For instance, For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. Low interest rates will boost the growth of the defense equipment maintenance, repair, and overhauling services market in the forecast period. Major companies in the defense equipment maintenance, repair, and overhauling services market include The Boeing Company; Lockheed Martin Corporation; Raytheon Co; Northrop Grumman Corp; Safran SA; Rolls-Royce Holdings plc; Raytheon Technologies Corporation; General Dynamics; Hindustan Aeronautics ltd; Huntington Ingalls industries. Inadequate defense infrastructure that can hardly accommodate defense aircraft or tanks in under-developed countries will be a restraint on the market. This can be attributed to low investments in some countries in the aerospace industry. For instance, in March 2023, The Department Of Defense of the US requested a budget of $773 billion to reinforce defense infrastructure and higher pay scale of military personnel, which negatively affected the region's defense equipment maintenance, repair, and overhauling services market. Defense equipment maintenance, repair, and overhauling companies are investing in 3D printing or additive manufacturing technologies to offer replacement parts for tanks, ships, and fighter jets. 3D printing involves producing three-dimensional objects using a computer-aided design model. The application of 3D printing is to create functional components, including prototypes, tooling, and end-use production parts. Additive manufacturing, or 3D printing, helps in the cost-effective production of small batches of intricate parts and complex part designs that need to be repaired, upgraded, and effectively maintained. The technology provides a high degree of design freedom, optimization and integration of functional features, and product customization. For instance, in September, the UK’s Ministry of Defence (MOD) announced the launch of Project TAMPA, an experimental new £5 million program to develop 3D-printed parts for weapons and other military equipment on demand. In order to reduce lengthy lead times for defense inventory, MOD wants to be able to share print files over secure defense networks and quickly produce parts using additive manufacturing (AM), or 3D printing. North America was the largest region in the defense equipment maintenance, repair and overhauling services market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the defense equipment maintenance, repair and overhauling services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the defense equipment maintenance, repair and overhauling services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The defense equipment maintenance, repair, and overhauling services market consists of revenues earned by entities by providing defense equipment maintenance, repair, and overhauling services to defense equipment and components such as battleships, submarines, armored vehicles, missiles, and rocket launchers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The defense equipment maintenance, repair, and overhauling services market research report is one of a series of new reports from The Business Research Company that provides defense equipment maintenance, repair, and overhauling services market statistics, including defense equipment maintenance, repair, and overhauling services industry global market size, regional shares, competitors with a defense equipment maintenance, repair, and overhauling services market share, detailed defense equipment maintenance, repair, and overhauling services market segments, market trends and opportunities, and any further data you may need to thrive in the defense equipment maintenance, repair, repair, repair, and overhauling services industry. This defense equipment maintenance, repair, and overhauling services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Unmanned defense aerial vehicle refers to drones and aircraft with no onboard humans that are guided autonomously, used in defense operations. UAVs carry sensors, target designators, aircraft ordnance such as ATGMs, missiles, bombs, or electronic transmitters that are designed to destroy enemy targets in defense applications. The main types of UAV in unmanned defense aerial vehicles are multi-rotor, single rotor, fixed-wing, and fixed-wing hybrid VTOL. A fixed-wing drone is a plane that doesn't have a human pilot on board. Fixed-wing UAVs can be commanded remotely by a human or autonomously by onboard systems. The different ranges include a visual line of sight (VLOS), extended visual line of sight (EVLOS), and beyond the line of sight (BLOS) and involve various technologies such as remotely operated, semi-autonomous, and fully autonomous. The global unmanned defense aerial vehicle market is segmented - 1) By UAV Type: Multi Rotor, Single Rotor, Fixed Wing, Fixed Wing Hybrid VTOL 2) By Range: Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS) 3) By Technology: Remotely Operated, Semi-Autonomous, Fully-Autonomous The global unmanned defense aerial vehicle market size will grow from $13.09 billion in 2022 to $14.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global unmanned defense aerial vehicle is expected to grow to $17.68 billion in 2027 at a CAGR of 6.0%. Increasing spending on defense for unmanned technologies is predicted to contribute to the growth of the unmanned defense aerial vehicle market during the forecast period. According to National Defense India’s Business Technology Magazine published in January 2020, global spending on unmanned aerial vehicles is projected to witness major expansion owing to growing military investments over the coming decade. The defense sector across the globe is set to invest $98 billion in new strike capabilities and intelligence-gathering applications. Moreover, US defense procurement is expected to ramp up from $2.5 billion in 2020 to approximately $3.3 billion by the end of 2030. Thus, the increasing spending on R&D by the defense sector on unmanned technologies is anticipated to propel the revenues for the unmanned defense aerial vehicles market over the forthcoming years. Major players in the unmanned defense aerial vehicle market are Boeing, BAE Systems, PLC., DJI, Elbit Systems, General Atomics, Israel Aerospace Industries, Northrop Grumman, Textron, and AeroVironment. The stringent regulations imposed by the government on the use of unmanned defense aerial vehicles are projected to limit the growth of the market during the period. The governments of various countries are implementing various regulations associated with the use of unmanned aerial vehicles (UAVs). According to the Library of Congress’ Regulation of Drones report, the new regulation imposed by the government of Canada on UAVs provides a classification for unmanned aerial vehicles on the basis of the risks involved in their use. The operations of UAVs weighing 25 kg, or more are subject to licensing requirements. Similarly, the Federal Aviation Administration (FAA) imposed restrictions on unmanned vehicles to fly below 400 feet within the lateral boundaries of US military facilities, and violation of this rule is subject to enforcement action, which includes civil penalties and criminal charges. Therefore, the government regulations associated with the usage of UAVs are expected to act as a major factor hampering the growth of the unmanned defense aerial vehicle market during the forecast period. The business expansion by key players operating in the industry is a leading trend in the unmanned defense aerial vehicle market. For instance, in June 2022, Garuda Aerospace, an India-based developer of unmanned aerial vehicles, announced that it has partnered with HiiLSE Drones, a company based in Malaysia, to build a 2.42-hectare drone factory there with a daily production capacity of about 50 drones. Garuda Aerospace intends to provide drone technologies to both the government and private sectors throughout the region and is anticipated to invest Rs 115 crore in the partnership Hence, the business expansions by leading players are shaping the unmanned defense aerial vehicle market. In January 2022, ILUS International Inc., a US-based public merger and acquisition investment company acquired Vira Drones for an undisclosed amount. With the acquisition, ILUS aims to incorporate Vira Drones technology into its current and future emergency response solutions as well as those of other upcoming acquisitions. Vira Drones is a Switzerland-based developer and manufacturer of unmanned aerial vehicles (UAV). Asia-Pacific was the largest region in unmanned defense aerial vehicle market in 2022. Western Europe is expected to be the fastest-growing region in the global unmanned defense aerial vehicle market during the forecast period. The regions covered in the global unmanned defense aerial vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the unmanned defense aerial vehicle market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The unmanned defense aerial vehicle market consists of sales of remotely piloted and unpiloted aerial vehicles for defense purposes such as carry weapons, mapping, communication, and destroy targets. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The unmanned defense aerial vehicle market research report is one of a series of new reports from The Business Research Company that provides unmanned defense aerial vehicle market statistics, including unmanned defense aerial vehicle industry global market size, regional shares, competitors with an unmanned defense aerial vehicle market share, detailed unmanned defense aerial vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the unmanned defense aerial vehicle industry. This unmanned defense aerial vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The sea-based defense equipment refers to support and auxiliary equipment used in sea-based defense operations such as submarines. The sea-based defense equipment are the integrated naval component that provide critical regional and homeland defensive capability. The main types of sea-based defense equipment are battle force ships and submarines (including nuclear submarines). Battle force ships are authorized United States Ship (USS) warships capable of participating in combat operations, or a United States Naval Ship that directly supports Navy warfighting or assistance tasks and must be listed in the Naval Vessel Register. The different operations include autonomous sea-based defense equipment, manual and involve various applications such as search and rescue, combat operations, mcm operations, coastal surveillance, and others. The global sea based defense equipment market is segmented - 1) By Type: Battle Force Ships, Submarines (including Nuclear Submarines) 2) By Operation: Autonomous Sea based Defense Equipment, Manual 3) By Application: Search And Rescue, Combat Operations, Mcm Operations, Coastal Surveillance, Others Subsegments Covered: Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support crafts, SSN Submarine, SSBN Submarine, SSK Submarine The global sea based defense equipment market size will grow from $53.29 billion in 2022 to $57.24 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of sea based defense equipment is expected to grow to $71.22 billion in 2027 at a CAGR of 5.6%. The overall economic growth of the emerging economies is expected to positively impact the sea-based defense equipment manufacturing market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Stable economic growth is expected to increase investments in the nation's security, thereby driving the sea-based defense equipment manufacturing market during the forecast period. Major companies in the sea-based defense equipment market include General Dynamics, Huntington ingalls industries, Naval Group (Formerly DCNS), Bae Systems plc, Fincantieri SpA, Northrop Grumman Corp, Leonardo SpA, Raytheon Co, Lockheed Martin Corporation, and Mitsubishi Heavy Industries Ltd. Geopolitical tensions are expected to have a negative impact on the sea-based defense equipment market during the forecast period. Repercussions of geopolitical tensions include sanctions on Russia; trade protectionism; and heightened military tensions in the Middle East. The sanctions on Russia were related to the violation of the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991. For instance, the US imposed a number of sanctions on Russia, including sales of defense articles and services, government credit, or other financial assistance. Many countries place trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. Continued violence and terrorism in the Middle East and other parts of the world are also expected to have a negative impact on the market. Companies involved in sea-based defense equipment manufacturing are developing artificial intelligence and robotics-based equipment. Sea-based defense equipment such as submarines and warships implementing these technologies is well equipped to initiate an attack with less human intervention and to detect and determine threats. Following the trend, in July 2021, Rafael Advanced Defense Systems Ltd., an Israel-based defense technology company, unveiled its new Sea Breaker maritime and land-based long-range missile, a fifth-generation weapon system that combines artificial intelligence and decision-making algorithms. Up to 300 km away, Sea Breaker can deliver surgical, pinpoint precision strikes. It has an advanced imaging infrared seeker that is perfect for engaging stationary or moving land and maritime targets in advanced anti access/area denial (A2/AD) arenas. Asia-Pacific was the largest region in the sea-based defense equipment market in 2022. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the sea-based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the sea-based defense equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The sea-based defense equipment market consists of sales of sea-based defense equipment including naval vessels, crafts, radar, satellites, and sonars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The sea-based defense equipment market research report is one of a series of new reports from The Business Research Company that provides sea-based defense equipment market statistics, including sea-based defense equipment industry global market size, regional shares, competitors with a sea-based defense equipment market share, detailed sea-based defense equipment market segments, market trends and opportunities, and any further data you may need to thrive in the sea-based defense equipment industry. This sea-based defense equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The land-based defense equipment refers to support and auxiliary equipment used for land-based defense operations such as weapons. The land-based defense equipment includes components and subcomponents such as turrets and ROWS, cannons and missiles, armor packages, and active protection systems. The main types of land-based defense equipment are armored vehicles, missiles, tanks, small arms, and light weapons. An armored fighting vehicle (AFV) is an armored battle vehicle that combines operational flexibility with attacking and protective capabilities. The different operations include autonomous land-based defense equipment, which is manual and is used in various applications such as military and law enforcement. The global land based defense equipment market is segmented - 1) By Type: Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons 2) By Operation: Autonomous Land based Defense Equipment, Manual 3) By Application: Military, Law Enforcement 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 The global land based defense equipment mro services market size will grow from $13.79 billion in 2022 to $14.73 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of land based defense equipment mro services is expected to grow to $17.65 billion in 2027 at a CAGR of 4.6%. The overall economic growth of the emerging economies is expected to positively impact the sea-based defense equipment manufacturing market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Stable economic growth is expected to increase investments in the nation's security, thereby driving the sea-based defense equipment manufacturing market during the forecast period. Major companies in the land-based defense equipment market include BAE Systems, Raytheon Co, Northrop Grumman Corp, General Dynamics Corp, and Lockheed Martin Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the land-based defense equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the land-based defense equipment manufacturing market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. CornerShot rifles are increasingly being used in the defense industry. CornerShot weapons have a steel hinge that allows the gun’s frame to bend around the corner to attack the target without exposing themselves. These rifles help shooters 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 of cover while the triggerman remains safely inside the vehicle. The weapon is accurate and effective up to 100 to 200 meters, depending on the type of weapon. Corner Shot removes the need for this initial exposure. Asia-Pacific was the largest region in the land-based defense equipment market in 2022. Western Europeis expected to be the fastest growing region in the forecast period. The regions covered in the land-based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the land-based defense equipment market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The land-based defense equipment market consists of sales of land-based defense equipment including battle vehicles, small weapons, radars, satellites, and sonars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The land-based defense equipment market research report is one of a series of new reports from The Business Research Company that provides land-based defense equipment market statistics, including land-based defense equipment industry global market size, regional shares, competitors with a land-based defense equipment market share, detailed land-based defense equipment market segments, market trends and opportunities, and any further data you may need to thrive in the land-based defense equipment industry. This land-based defense equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Missile defense system refer to the technology or weapon that is involved in tracking, detection, and destruction of the attacking missiles. Missile defense systems are designed specifically to target threats quickly, while other forward-based missile defense systems will be able to carry out missions against rival aircraft and air-launched cruise missiles. The main types of technologies used in missile defense system are fire control system, weapon system, countermeasure system and command and control system. The fire control system are the missile defense systems that refers to a group of components that work together to assist the weapon system in tracking and targeting a target. The various domains using missile defense system includes ground, air, marine and space and have ranges such as short, medium and long. Various threat type of missile defense system are subsonic missiles, supersonic missiles and hypersonic missiles. The global missile defense system market is segmented - 1) By Technology: Fire Control System, Weapon System, Countermeasure System, Command And Control System 2) By Domain: Ground, Air, Marine, Space 3) By Range: Short, Medium, Long 4) By Threat Type: Subsonic Missiles, Supersonic Missiles, Hypersonic Missiles The missile defense system market research report is one of a series of new reports from The Business Research Company that provides missile defense system market statistics, including missile defense system industry global market size, regional shares, competitors with a missile defense system market share, detailed missile defense system market segments, market trends and opportunities, and any further data you may need to thrive in the missile defense system industry. This missile defense system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global missile defense system market size grew from $25.65 billion in 2022 to $28.73 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global missile defense system market is expected to grow to $43.84 billion in 2027 at a CAGR of 11.1%. The surge in defense spending globally is expected to drive the growth of the missile defense system market in the forecast period. The surge in defense expenditure facilitates the implementation of expensive but necessary missile defense system technologies. The advancements in weapons and attacking capabilities worldwide have created the demand for the installation of defense technologies by governments to prevent threats from foreign countries. For instance, according to Stockholm International Peace Research Institute (SIPRI), total global military expenditure has increased to $1,981 billion in 2020 with an increase of 2.6% from 2019. The United States being the world’s largest military spender, accounted for 39% of total military expenditure in 2020. Therefore, the surge in defense spending globally drove the growth of the missile defense system market. Major players in the missile defense system market are BAE Systems, General Dynamics, Lockheed Martin, MBDA, Northrop Grumman, Raytheon Technologies, Rheinmetall, Boeing, Saab AB, Aerojet Rocketdyne, BrahMos Aerospace and Israel Aerospace Industries. The rise in developments and increasing use of artificial intelligence is a key trend gaining popularity in the missile defense system market. Artificial intelligence is computer intelligence or intelligence demonstrated by a machine to help perform simple tasks more efficiently or tasks that couldn’t be performed otherwise. Developments in artificial intelligence are the discovery of knowledge that helps in developing products using AI or machine learning. For instance, in 2021, Rafael Advanced Defense Systems, an Israel-based company launched a new sea breaker maritime and land-based long-range missile that mixes artificial intelligence and decision-making algorithms to create a fifth-generation weapon system. The sea breaker helps in providing exact strikes from the standoff place up to 300km. In July 2020, BAE Systems, a UK-based company acquired Collins Aerospace’s military global positioning system (GPS) business, for an undisclosed amount. This acquisition is expected to help in technology-based business and bring new discriminating capabilities to the U.S. Department of Defense. Collins Aerospace was founded in 2018 and is a US-based manufacturer of components related to military and defense and commercial aviation. North America was the largest region in the missile defense system market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the missile defense system market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the missile defense system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The missile defense system market consists of sales of missile defense system components including satellite sensors, interceptors, and command and control. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

5G in defense refers to providing the fifth generation of broadband or cellular technology (i.e., 5G) designed to dramatically improve the speed and responsiveness of wireless networks for various military and defense uses. The main types of communication infrastructure for 5G in defence are small cell, macro cell, and radio access network (RAN). Small cell infrastructure uses wireless receivers and transmitters to provide network coverage to smaller areas. The macro cell provides radio coverage for cellular networks through large towers and antennas across a wider area. Radio Access Network (RAN) connects individual devices to other parts of a network through radio connections. The various network technology in 5G in defence include software-defined networking (SDN), fog computing (FC), mobile edge computing (MEC), and network functions virtualisation (NFV). The different types of network used comprises enhanced mobile broadband (eMBB), ultra-reliable low-latency communications (URLLC), and massive machine type communications (MMTC). 5G in defence are used in areas such as military and homeland security. The global 5g in defense market is segmented - 1) By Communication Infrastructure: Small cell, Macro Cell, Radio Access Network (RAN) 2) By Core Network Technology: Software-defined Networking (SDN), Fog Computing (FC), Mobile Edge Computing (MEC), Network Functions Virtualization (NFV) 3) By Network Type: Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low-Latency Communications (URLLC), Massive Machine Type Communications (MMTC) 4) By End Use: Military, Homeland Security The global 5G in defense market size will grow from $0.13 billion in 2022 to $0.24 billion in 2023 at a compound annual growth rate (CAGR) of 86.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the 5G in defense is expected to grow to $1.9 billion in 2027 at a CAGR of 67.1%. The increasing use of autonomous systems and connected devices is expected to propel the growth of 5G in the defence market during the forecast period. According to the Artificial Intelligence and National Security published by the Federation of American Scientists (FAS) in November 2020, the US Army intended to deploy a variety of robotic combat vehicles (RCVs) with various autonomous capabilities, such as navigation, surveillance, and IED removal. These devices would accompany the optionally manned fighting vehicle. The Navy has also established the rapid autonomy integration lab (RAIL) to design, evaluate, certify, and deploy new and upgraded autonomous systems. The 5G network is said to have increased the efficiency of autonomous systems by providing faster speeds and greater bandwidth. Therefore, a rise in the use of autonomous systems and connected devices attributed to their better and enhanced performance using the 5G network is expected to boost the 5G in the defence market growth. Major players in the 5G in defence market are Ericsson, Huawei, Nokia Networks, Samsung, NEC, Thales Group, L3Harris Technologies Inc., Raytheon Technologies, Ligado Networks, and Wind River Systems Inc., AT&T, and Qualcomm Technologies Inc. The concern over data security acted as a restraint for the 5G in the defence market in the historic period. The defence sector maintains confidential information, and sharing that data with other devices could cause threats to national security. The defence sector would be unwilling to procure hardware and solutions from unreliable sources, where data security can be a concern. For instance, in 2020, Britain decided to exclude Huawei and other manufacturers from its 5G networks because they pose a high-security risk. Major players operating in the industry are undertaking strategic collaborations for developing new technologies for the defence sector. Companies are focusing on developing technologies like 5G new radio (NR) and cellular vehicle-to-everything (C-V2X) technology, which has a high demand for the 5G in the defence market. For instance, in February 2021, Leonardo, an Italy-based company specialising in aerospace, defence, and security and O2, a UK-based telecommunications service provider, announced a joint partnership to investigate the use of 5G private networks in the defence and security market. Leonardo Scotland-based innovation and technology incubator centre will work with O2 to highlight the benefits of 5G technology. O2 plans to offer a secure 5G private network as well as a variety of industry 4.0 applications for the evaluation. Moreover, the Norwegian military is experimenting with 5G technologies, including advanced and demonstration programs, including the 5G-VINNI project, which integrates and tests modern and stable speech and data systems in the defence slice. Many of these initiatives are being carried out in partnership with commercial stakeholders and companies. In September 2020, Ericsson, a Sweden-based networking and telecommunications company, acquired Cradlepoint for an enterprise value of $1.1 billion. Cradlepoint became a wholly-owned company of Ericsson while maintaining its current name. Through this acquisition, the merged entity would be capable of increasing its 5G-enabled business offerings. Cradlepoint is a US-based technology company that is engaged in developing cloud-managed wireless edge networking equipment. The company offers extended network access for military bases, disaster response and other agencies requiring highly secure and reliable access to mission-critical information and applications. North America was the largest region in the 5G in defence market in 2022. Asia-Pacific region is predicted to record the fastest growth over the forecast period. The regions covered in the 5G in defence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the 5G in defence market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The 5G in defense market includes revenues earned by entities by providing 5G technology and services for military and homeland security uses. 5G for defense is expected to improve reconnaissance, intelligence, and surveillance systems and processing, streamline logistics systems for increased efficiency and enable new methods of control and command. 5G in defense transfers video, text, image, and voice data with a faster bandwidth of 300 GHz to create data on demand for the battlefield. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The 5G in defence market research report is one of a series of new reports from The Business Research Company that provides 5G in defence market statistics, including 5G in defence industry global market size, regional shares, competitors with a 5G in defence market share, detailed 5G in defence market segments, market trends and opportunities, and any further data you may need to thrive in the 5G in defence industry. This 5G in defence market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.