Global Defense Support and Auxiliary Equipment Market

The aerospace and defense market consists of sales of aircraft, aircraft components, weapons, artillery tanks, radar, and other military equipment by entities (organizations, sole traders or partnerships) that produce aircraft, aircraft components, weapons, artillery tanks, radar, and other military equipment for aerospace and defense purposes. The main aerospace and defense types are aerospace and defense. The aerospace industry consists of companies involved in developing prototypes and the manufacturing or assembling of complete aircraft and aircraft parts for commercial purposes. The aircraft are operated through autonomous; and manual mode. The different components include weapon system, fire control system, command and control system, others. The global aerospace & defense market size is expected to grow from $700.30 billion in 2021 to $755.24 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The aerospace and defense market is expected to reach $1047.07 billion in 2026 at a CAGR of 8.5%. During the forecast period, developed countries will experience low-interest rates as monetary authorities are reducing the 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, in 2019, the European Central Bank decreased interest rates to -0.5% on deposits from banks to encourage lending. Major countries that had low-interest rates in the historic period include the USA, Germany, and Japan. The low-interest rates will boost the growth of the aerospace and defense market in the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the aerospace & defense 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 in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and 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 aerospace & defense market will recover from the shock across 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. 8K video capture technology is being integrated with drones to enhance the picture and video quality captured by these aircraft. 8K technology offers greater horizontal display resolution and offers images that show more details than standard HD. 8K cameras integrated with drones offer higher precision and provide high-resolution footage in autonomous flights. For instance, Autel is offering its EVO series of drones with 8k cameras. Major companies in the aerospace & defense market include Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Raytheon Co, Northrop Grumman Corp, Bae Systems plc, General Dynamics, General Electric Company, and Safran SA. North America was the largest region in aerospace & defense market in 2021. North America is expected to be the fastest growing region in the forecast period. The regions covered in the aerospace & defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aerospace & 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 global aerospace and defense market is segmented - 1) By Type: Aerospace, Defense 2) By Operation: Autonomous, Manual 3) By Component: Weapon System, Fire Control System, Command and Control System, Others Subsegments Covered: Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support and Auxiliary Equipment, Air-Based Defense Equipment, Sea-Based Defense Equipment, Land-Based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment

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 the air-based defense such as radar, satellites, sonars and other auxiliary equipment. The main types of air-based defense equipment are fighter aircraft; military helicopters military gliders and drones. A fighter aircraft is a fixed-wing aircraft designed for air-to-air combat against other aircraft. The various forms of ownership include private and public. The different components include weapon system, fire control system, command and control system, others. The global air based defense equipment market size is expected to grow from $ 178.46 billion in 2021 to $ 191.74 billion in 2022 at a compound annual growth rate (CAGR) of 7.4%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The air based defense equipment market is expected to reach $ 246.42 billion in 2026 at a CAGR of 6.5%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in the air-based 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 portfolio, thus driving the growth of the air-based defense equipment market in the historic period. Uncertainty about government stabilities and policies affects the import of raw materials required for manufacturing aircraft parts, creating a negative impact on the air-based defense equipment market. Uncertainties about government policies brought about by the cancellation of trade agreements cause companies to decrease their import volumes to keep expenditures at the levels of previous years or to increase prices of finished products due to increased costs. For instance, the withdrawal of the USA from the Trans-Pacific Partnership (TPP) trade deal and the $250 billion tariffs on imported products from China by the US government to protect the US steel industry, have pushed up the costs for all defense as well as for commercial aircraft parts. Therefore, hindering the growth of the air-based defense equipment market. Companies in the air-based defense equipment manufacturing market are using 3D printing technology to develop lightweight structures 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 air-based equipment manufacturing to create military aircraft parts with complex geometries quickly at a 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. Major companies in the air-based defense equipment market include Lockheed Martin Corporation, Airbus Group SE, The Boeing Company, Leonardo SpA, Bae Systems plc, Raytheon Technologies Corporation, Honeywell International Inc., Northrop Grumman Corp, Rostec State Corporation, Textron Inc. Asia Pacific was the largest region in the air based defense equipment market in 2021. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the air based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air-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, and Vietnam. The global air based defense equipment market is segmented - 1) By Type: Fighter Aircrafts, Military Helicopters, Military Gliders and Drones 2) By Operation: Autonomous Air-Based Defense Equipment, Manual 3) By Component: Weapon System, Fire Control System, Command and Control System, Others Subsegments Covered: Conventional Take-Off and Landing Aircraft, Short Take-Off and Landing Aircraft, Vertical Take-Off and Landing Aircraft, Light Helicopters, Medium Helicopters, Heavy Helicopters, Visual Line Of Sight (VLOS), Extended Visual Line Of Sight (EVLOS), Beyond Visual Line Of Sight (BVLOS)

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 the land-based defense such as radar, satellites, sonars and other auxiliary equipment.
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, manual and is used in various applications such as military, law enforcement.
The global land based defense equipment market size is expected to grow from $ 48.77 billion in 2021 to $ 51.02 billion in 2022 at a compound annual growth rate (CAGR) of 4.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The land based defense equipment market is expected to reach $ 59.46 billion in 2026 at a CAGR of 3.9%.
The overall economic growth of the emerging economies is expected to positively impact the land-based defense equipment manufacturing market. Rising disposable income, a result of the economic growth, in emerging markets had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that the 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 for the nation's security, thereby driving the land-based defense equipment manufacturing market during the forecast period.
The outbreak of the Coronavirus 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 in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and 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 across 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 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 of weapon. Corner Shot removes the need for this initial exposure.
Major companies in the land-based defense equipment market include BAE Systems, Raytheon Co, Northrop Grumman Corp, General Dynamics Corp, and Lockheed Martin Corporation.
Asia Pacific was the largest region in the land based defense equipment market in 2021. Western Europe is 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 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 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 sea-based defense equipment market consists of sales of sea-based defense equipment by entities (organizations, sole traders and partnerships) that manufacture sea-based defense equipment including support and auxiliary equipment for the sea-based defense such as radar, satellites, sonars and other auxiliary equipment. 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 suitable for participating in combat activities, or a United States Naval Ship which directly supports Navy warfighting or assistance tasks, and is required to 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, others. The global sea based defense equipment market size is expected to grow from $ 47.77 billion in 2021 to $ 52.14 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The sea based defense equipment market is expected to reach $ 71.34 billion in 2026 at a CAGR of 8.2%. 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 the economic growth, in emerging markets had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that the 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 for the nation's security, thereby driving the sea-based defense equipment manufacturing market during the forecast period. 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. Sanction on Russia was 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 and government credit or other financial assistance. Many countries placed 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 globally 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 are well equipped to initiate an attack with less human intervention, to detect and determine threats. Following the trend, in 2019, Aquabotix Technology Corp., an underwater robotics company with operations in U.S.A and Australia, entered into a special purpose cooperative research and development agreement (CRADA) with the US Navy to initiate the testing phase of its SwarmDiver unmanned surface vehicle (USV). The SwarmDiver USV uses AI to collect data and communicate with each other. They make quick and accurate decisions to arrange themselves in groups of various swarm formations and dive simultaneously to collect brief data sets. 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. Asia Pacific was the largest region in the sea based defense equipment market in 2021. 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 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 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 aerospace support and auxiliary equipment market consist of sales of support and auxiliary equipment by entities (organizations, sole traders, or partnerships) that produce support and auxiliary equipment including commercial radars, air traffic control towers, satellites, and other auxiliary equipment. The market includes maintenance services provided by aerospace support and auxiliary equipment manufacturers during the equipment’s warranty period. The main types of aerospace support and auxiliary equipment are commercial radars and satellites. A commercial radar is a detection system used to detect the presence, direction, distance, and speed of the aircraft. The various forms of ownership include private, public and involve several platforms such as airborne, land, naval, space. The global aerospace support and auxiliary equipment market size is expected to grow from $28.33 billion in 2021 to $30.29 billion in 2022 at a compound annual growth rate (CAGR) of 6.9%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The aerospace support and auxiliary equipment market is expected to reach $38.16 billion in 2026 at a CAGR of 5.9%. 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 portfolio, thus driving the growth of the aerospace support and auxiliary equipment market. Multi-Function Radio Frequency System (MFRFS) is increasingly being used for operational radar frequency ranges towards applications for broadband. The MFRFS is an electronically scanned radar system that can detect and track threats at a wider range. The wider frequency range enhances the survivability for combat missions in case of no visibility in both horizontal and vertical directions (zero-zero visibility condition). It also provides additional electronic warfare functionalities and gives the pilots the ability to land safely in adverse conditions. Raytheon and NCS are manufacturing radars with MFRFS technology. Major companies in the aerospace support and auxiliary equipment market include Lockheed Martin, Northrop Grumman, Raytheon, Reutech Radar Systems, and Rockwell Collins. Asia Pacific was the largest region in the aerospace support and auxiliary equipment market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the aerospace support and auxiliary equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in aerospace 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, and Vietnam. The global aerospace support and auxiliary equipment market is segmented - 1) By Type: Commercial Radars, Satellites 2) By Ownership: Public, Private 3) By Platform: Airborne, Land, Naval, Space Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite

The defense equipment maintenance, repair and overhauling services market consists of sales of defense equipment maintenance, repair and overhauling services by entities (organizations, sole traders and partnerships) that provide MRO services for all kinds of air, sea and land-based defense equipment, including fighter aircraft, military helicopter, battleships, submarines, armored vehicles, missiles, and rocket launchers. 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 the air-based defense such as radar, satellites, sonars, and other auxiliary equipment. The services are used for an annual maintenance contract, individual works, and others. The different sectors include commercial aviation, business, general aviation, military aviation, others. The global defense equipment maintenance, repair and overhauling services market size is expected to grow from $69.25 billion in 2021 to $74.19 billion in 2022 at a compound annual growth rate (CAGR) of 7.1%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The defense equipment MRO services market is expected to reach $93.39 billion in 2026 at a CAGR of 5.9%. During the forecast period, developed countries will experience low-interest rates as monetary authorities reduced the 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, in 2019, the European Central Bank decreased interest rates to -0.5% on deposits from banks to encourage lending. Major countries that will have low-interest rates include the USA, Germany, and Japan. The low-interest rates will boost the growth of the defense equipment maintenance, repair, and overhauling services market in the forecast period. Inadequate defense infrastructure that can hardly accommodate defense aircraft, tanks in under-developed countries will be a restraint on the defense equipment maintenance, repair and overhauling services market. This can be attributed to low investments in the aerospace industry and air transportation in underdeveloped countries. For instance, in 2019, National Aviation Services (NAS) CEO stated that the lack of fully liberalized airspace, high taxes, and poor airport infrastructure were negatively affecting the region's defense equipment maintenance, repair, and overhauling services market. The defense equipment maintenance, repair, and overhauling services companies are investing in 3D printing or additive manufacturing technologies to offer replacement parts for tanks, ships, 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 needs 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 2019, the U.S Army’s Research Laboratory (ARL) used 3D printing technology for the replacement of propeller fan for its Abrams tank. 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. North America was the largest region in the defense equipment maintenance, repair and overhauling services market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the defense equipment MRO 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 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 defense market consists of sales of air-based, sea-based and land-based military equipment by entities (organizations, sole traders and partnerships) that produce 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 the air-based defense such as radar, satellites, sonars, and other auxiliary equipment. The various operation includes autonomous defense equipment, manual and involves various platforms such as airborne, land, naval. The global defense market size is expected to grow from $452.69 billion in 2021 to $483.47 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The defense market is expected to reach $604.82 billion in 2026 at a CAGR of 5.8%. 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, brake, and laser scanner along with other autonomous features enabling remote or autonomous functioning of the vehicle. It is majorly 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 Vehicle- Medium (RCV-M). It is an unmanned robotic teleop 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. 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 to a pistol such as a Glock, a handgun, or to 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, LCD monitor, and a built-in tactical light for navigation and illumination. The corner shot rifles or guns are widely used in battle-fields, 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 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 intelligent data about the enemy, block the electronic systems of enemy aircraft, and shoot down other threats in the air. Following the trend, Boeing Australia and Royal Australian Air Force (RAAF), in 2019, entered into a partnership to develop 3 prototypes of autonomous fighter jets named Airpower Teaming System or Loyal Wingman. These aircraft will fly alongside the piloted aircraft during battle to distract the enemies, assist in information gathering and surveillance. 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. Asia Pacific was the largest region in the defense market in 2021. 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 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 5G in defense market consists of sales of 5G technology and services by entities (organizations, sole traders, and partnerships) that are engaged in 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 is used to transfer video, text, image, and voice data with faster bandwidth of 300 GHz to create data on demand for the battlefield. The main types of communication infrastructure for 5G in defense are small cell, macro cell, radio access network (RAN). Small cell infrastructure uses wireless receivers and transmitters to provide network coverage to smaller areas. The various network technology in 5G in defense include software-defined networking (SDN), fog computing (FC), mobile edge computing (MEC), network functions virtualization (NFV). The different types of networks used comprises enhanced mobile broadband (eMBB), ultra-reliable low-latency communications (URLLC), and massive machine type communications (MMTC) for military and homeland security. The global 5G in defense market size is expected to grow from $71.24 million in 2021 to $130.36 million in 2022 at a compound annual growth rate (CAGR) of 83.0%. The change in the 5G in defense market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $1098.69 million in 2026 at a CAGR of 70.4%. The increasing use of autonomous systems and connected devices is expected to propel the growth of 5G in defense 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 attributing to their better and enhanced performance using the 5G network is expected to boost the growth of the 5G in defense market. The concern over data security acted as a restraint for the 5G in defense market in the historic period. The defense sector maintains confidential information and sharing that data with other devices could cause threats to national security. The defense sector would be unwilling to procure hardware and solutions from unreliable sources, where data security can be a concern. For instance, in 2019, the USA had banned the use of telecommunications equipment including 5G infrastructure from China based 5G provider, Huawei citing national security risk and an unacceptable risk to military personnel, information and mission. Major players operating in the industry are undertaking strategic collaborations for developing new technologies for the defense sector. Companies are focusing on developing technologies like 5G new radio (NR) and cellular vehicle-to-everything (C-V2X) technology, which has high demand in the 5G in defense market. For instance, in February 2021, Leonardo, an Italy-based company specializing in aerospace, defense, and security and O2, a UK-based telecommunications service provider announced a joint partnership to investigate the use of 5G private networks in defense and security market. Leonardo Scotland-based innovation and technology incubator center 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 defense 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 USA-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. Major players in the 5G in defense market are Ericsson, Huawei, Nokia Networks, Samsung, NEC, Thales Group, L3Harris Technologies Inc., Raytheon Technologies, Ligado Networks, Wind River Systems Inc., AT&T and Qualcomm Technologies Inc. North America was the largest region in the 5G in defense market in 2021. Asia Pacific region is predicted to record fastest growth over the forecast period. The regions covered in the 5G market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the 5G in defense market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. 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