Defense manufacturers are witnessing a changing environment due to defense spending cuts in developed economies and are therefore, focusing on venturing into previously unexplored markets. This requires a thorough understanding ....see more
The satellite propellant tanks market is expected to grow from USD 0.73 billion in 2026 to USD 1.27 billion by 2032, with a CAGR of 9.6%. MT Aerospace AG, Airbus, Northrop Grumman, ArianeGroup, and L3Harris Technologies, Inc. are the key players in the satellite propellant tanks market.
The directed energy weapons (DEW) market is projected to grow from USD 4.58 billion in 2026 to USD 12.11 billion by 2035 at a CAGR of 11.4%. The key players include Lockheed Martin Corporation (US), RTX (US), Leidos (US), MBDA (France), and RAFAEL Advanced Defense Systems Ltd (Israel).
The ammunition market is projected to grow from USD 34.81 billion in 2026 to USD 66.06 billion by 2031 at a CAGR of 13.7%. BAE Systems (UK), Rheinmetall AG (Germany), Nammo AS (Norway), Northrop Grumman (US), and General Dynamics Corporation (US) are the major players in the ammunition market.
The armored vehicles market is expected to grow from USD 51.6 billion in 2025 to USD 60.7 billion by 2030, at a compound annual growth rate (CAGR) of 3.3% during the forecast period. The Key Players Rheinmetall AG (Germany), General Dynamics Corporation (US), Oshkosh Corporation (US), BAE Systems (UK), and Hanwha Defense (South Korea).
The precision-guided munitions market is expected to grow from USD 37.24 billion in 2025 to USD 49.71 billion by 2030, at a compound annual growth rate (CAGR) of 5.9% during the forecast period. The Key Players Northrop Grumman (US), RTX (US), General Dynamics Corporation (US), BAE Systems (UK), Lockheed Martin Corporation (US), MBDA (France), Israel Aerospace Industries (Israel), QinetiQ (UK), Boeing (US), and Aselsan AS (Turkey).
The Military Vehicle Electrification Market is expected to grow from USD 3.47 billion in 2025 to USD 6.82 billion by 2030, at a compound annual growth rate (CAGR) of 14.5% during the forecast period. The Key Players Oshkosh Corporation (US), GM Defense LLC (US), General Dynamics Corporation (US), BAE Systems (UK), Leonardo S.p.A. (Italy), Textron Inc. (US), ST Engineering (Singapore), Qinetiq (UK), Polaris Inc. (US), ASELSAN AS (Turkey), Otokar (Turkey), and Krauss-Maffei Wegmann (Germany).
The military antenna market is expected to grow from USD 4.5 billion in 2024 to USD 5.6 billion by 2029, at a compound annual growth rate (CAGR) of 4.6% during the forecast period.The key players L3Harris Technologies, Inc. (US), RTX (US), BAE Systems (UK), Thales (France), Honeywell International Inc. (US), General Dynamics Corporation (US), Rohde & Schwarz (Germany), and Saab AB (Sweden), Viasat, Inc. (US), and ASELSAN A.S. (Turkey).
The Electronic Warfare Market is expected to grow from USD 10.8 billion in 2023 to USD 19.4 billion by 2028, at a compound annual growth rate (CAGR) of 12.5% during the forecast period.The key players BAE Systems (UK), Raytheon Technologies Corporation (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), Lockheed Martin Corporation (US), Israel Aerospace Industries (Israel), Elbit Systems (UK).
The Underwater Warfare Market Size is expected to grow from USD 3.7 Billion in 2023 to USD 5.7 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 9.0% during the forecast period. The key players are Raytheon Technologies (US), L3Harris Technologies, Inc. (US), Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (US), and Thyssenkrupp AG (Germany).
The CBRN Defense market is expected to grow from USD 16.1 billion in 2023 to USD 21.4 billion by 2028, at a compound annual growth rate (CAGR) of 5.8 % during the forecast period. The key players Rheinmetall Defence (Germany), Thales Group (France), Smiths Group PLC (UK), Teledyne FLIR LLC (US), Bruker Corporation (US).
The Anti-aircraft warfare market is expected to grow from USD 20.9 billion in 2023 to USD 28.6 billion by 2028, at a compound annual growth rate (CAGR) of 6.5% during the forecast period.The key players Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Thales Group (France), BAE Systems (UK), and General Dynamics Corporation (US).
The Airborne Radars Market is expected to grow from USD 15.8 Billion in 2023 to USD 23.6 Billion by 2028, at a compound annual growth rate (CAGR) of 8.3% during the forecast period. The key players Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Thales Group (France), Northrop Grumman Corporation (US), Saab Group (Sweden), Leonardo S.p.A. (Italy), and Israel Aerospace Industries (Israel).
The 5G in Defense market is expected to grow from USD 0.9 Billion in 2023 to USD 2.3 billion by 2028, at a compound annual growth rate (CAGR) of 19.9% during the forecast period.The key Players Ericsson (Sweden), Nokia Networks (Finland), Huawei (China), Samsung Electronics Co.Ltd.(South Korea), NEC (Japan), Thales Group (France), L3Harris Technologies, Inc. (US), Raytheon Technologies (US), Ligado Networks (US), and Wind River Systems, Inc. (US).
The Artillery Systems Market is expected to grow from USD 11.8 Billion in 2022 to USD 16.0 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 6.2 % during the forecast period. The key players are Lockheed Martin Corporation (US), Bae Systems (UK), Hanwha Group (South Korea), Rheinmetall AG ( Germany), Nexter Group (France), Norinco Internation Cooperation Ltd. (China), Rostec (Russia).
The Artificial Intelligence (AI) in Military market is expected to grow from US$ 9.2 Billion in 2023 to US$ 38.8 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 33.3% during the forecast period. The Major players are Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), BAE Systems PLC (UK), and Thales Group (France).
The Military Laser Systems Market is expected to grow from USD 5.0 Billion in 2023 to USD 7.5 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. The Major players are Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (France), and BAE System plc (UK).
The Military Electro-Optics/Infrared (EO/IR) Systems Market is expected to grow from USD 7.8 billion in 2023 to USD 9.5 billion by 2028, at a compound annual growth rate (CAGR) of 4.0 during the forecast period.The Major players operating in the Military electro-optics & infrared (EO/IR) market include Northrop Grumman(US), Raytheon Technologies Corporation(US), L3Harris Technologies Inc. (US), Lockheed Martin Corporation (US) and Thales Group(France) among others.
The soldier system market is expected to grow from USD 10.4 Billion in 2022 to USD 12.8 Billion by 2027, at a compound annual growth rate (CAGR) of 4.4% during the forecast period.The Major players BAE Systems plc (UK), Elbit Systems (Israel), Aselsan A.S. (Turkey), Saab AB (Sweden), Rheinmetall AG (Germany), General Dynamics (US), and Thales Group (France).
The remote weapon station market is expected to grow from USD 6.6 billion in 2022 to USD 7.5 billion by 2027, at a compound annual growth rate (CAGR) of 2.8% during the forecast period.The Key players Kongsberg (Norway), Elbit Systems (Israel), Rafael Advanced Defense Systems (Israel), Raytheon Technologies Corporation (US), Saab AB (Sweden), Leonardo S.p.A. (Italy), Electro Optic Systems (Australia), ASELSAN A.S. (Turkey), Thales Group (France) Rheinmetall AG (Germany).
The Gunshot Detection Systems market is expected to grow from USD 824 million in 2022 to USD 1,443 million by 2027, at a compound annual growth rate (CAGR) of 11.8% during the forecast period.The Key Players Shot spotter, Inc., (US) and Shooter Detection Systems LLC (US). Key players offering gunshot detection systems for the defence sector are Raytheon Technologies Corporation (US), QinetiQ Group (US), ACOEM Group (France), THALES (France), and Elta Systems Ltd. (Israel).
The small arms market is expected to grow from USD 8.9 billion in 2022 to USD 11.1 billion by 2027, at a compound annual growth rate (CAGR) of 4.5% during the forecast period.The Key Players Colts Manufacturing LLC (US), GLOCK Ges.m.b.H. (Austria), Smith & Wesson (US), Sturm, Ruger & Co., Inc. (US), Israel Weapons Industry (IWI) (US), Kalashnikov Group (Russia), and eská Zbrojovka a.s. (Czech Republic), Heckler & Koch Gmbh (Germany).
The turret system market is expected to grow from USD 19.7 billion in 2022 to USD 22.6 billion by 2027, at a compound annual growth rate (CAGR) of 2.8% during the forecast period. The Key players Rheinmetall AG (Germany), Moog Inc. (US), Northrop Grumman Corporation (US), BAE Systems (UK), and Lockheed Martin Corporation (US).
The Military Embedded Systems Market size is expected to grow from USD 1.6 billion in 2022 to USD 2.5 billion by 2027, at a compound annual growth rate (CAGR) of 9.6% during the forecast period. The Major players are Curtiss-Wright Corp. (US), Mercury Systems (US), Kontron (S&T AG) (Austria), AMETEK (US), and General Dynamics Corp. (US).
The global digital battlefield market is expected to grow from USD 43.2 billion in 2022 to USD 154.1 billion by 2030, at a compound annual growth rate (CAGR) of 17.2% during the forecast period.The Key Players BAE Systems (UK), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), and Thales Group (US).
The Tactical Communication Market Size is expected to grow from USD 12.5 billion in 2022 to USD 16.0 billion by 2027, at a compound annual growth rate (CAGR) of 4.95% during the forecast period.The leading Players L3harris Technologies (US), Honeywell International Inc (US), General Dynamics Corporation (US), Lockheed Martin (US), ViaSat (US).
The ballistic protection market is expected to grow from USD 13.4 billion in 2022 to USD 16.9 billion by 2027, at a compound annual growth rate (CAGR) of 4.7% during the forecast period.The Key Players BAE Systems (UK), Avon Protection (US), Rheinmetall AG (US), Tencate Advanced Armor (Netherlands), Point Blank Enterprises (US) and SAAB AB (Sweden).
The active protection system market is expected to grow from USD 3.9 billion in 2022 to USD 5.2 billion by 2027, at a compound annual growth rate (CAGR) of 5.5% during the forecast period.The Key Players Rheinmetall AG (Germany), Saab AB (Sweden), Raytheon Company (US), Airbus (Netherlands), and Aselsan AS (Turkey).
The military lighting market is expected to grow from USD 559 million in 2022 to USD 807 million by 2027, at a compound annual growth rate (CAGR) of 7.6% during the forecast period.The Key Players Astronics Corp. (US), Honeywell International (US), Raytheon Technologies (US), Glamox (Norway), and Orion Energy Systems (US).
The military wearables market is expected to grow from USD 3.1 Billion in 2022 to USD 3.4 Billion by 2027, at a compound annual growth rate (CAGR) of 1.8% during the forecast period.The Major players BAE Systems PLC (UK), Elbit Systems Ltd. (Israel), Rheinmetall AG (Germany), Thales Group (France), Saab AB (Sweden), Aselsan A.S (Turkey), General Dynamic Corporation (US).
The military battery market is projected to reach USD 1.6 billion by 2027, at a CAGR of 4.1% during the forecast period. Some of the key players profiled in the military battery market report include EnerSys (US), GS Yuasa International Ltd (Japan), Saft (France), Exide Industries (India), and EaglePicher Technologies (US). The players are mostly engaged in new product launches & developments and having a strong global presence will enhance their position in the military battery market. These players are primarily focusing on entering new markets by launching technologically advanced and cost-effective platforms and infrastructure. Apart from new product launches & developments, these players also adopted the partnerships contracts, & agreements strategy.
The waveguide components and assemblies market size is expected to grow from USD 1.3 billion in 2022 to USD 1.6 billion by 2027, at a CAGR of 4.8% during the forecast period. Major players operating in the waveguide components and assemblies market include Quantic Electronics (US), Millimeter Wave Products Inc. (US), Cobham Limited (UK), Ducommun Incorporated (US), and ETL Systems (UK), among others. These companies have advance technologies and strong distribution networks across North America, Europe, and other regions.
The Military Simulation and Training market size is projected to reach USD 12.2 billion by 2027, at a CAGR of 5.6% during the forecast period. This region is expected to lead the market from 2021 to 2026, owing to increased investments and the adoption of advanced military simulators for all the platforms by countries in this region. The presence of prominent manufacturers and integrators of these Military Simulation and Training, including Lockheed Martin (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), and Raytheon Technologies (US), is also expected drive the market in the region over the forecast period.
The market for military cables is projected to reach USD 26.2 billion by 2026, at a CAGR of 3.4% during the forecast period. The military cables market is dominated by a few globally established players such as Prysmian Group (Italy), Nexans S.A. (France), Sumitomo Electric Industries Ltd (Japan), Collins Aerospace (US), and Carlisle Interconnect Technologies (US).
The COVID-19 Impact on Homeland Security Management Market is expected to grow from USD 1,035 billion in 2020 to USD 1,081 billion by 2025, at a CAGR of 0.9% during the forecast period. Some of the major players operating in the homeland security and emergency management market are Lockheed Martin (US), Raytheon Company (US), Northrop Grumman (US), Leidos (US), IBM (US), FLIR Systems (US), Thales Group (France), Elbit Systems (Israel), General Dynamics (US), and Unisys (US).
The target acquisition systems market is projected to grow from USD 11.9 billion in 2019 to USD 15.5 billion by 2024, at a CAGR of 5.46% from 2019 to 2024. Some of the factors that are expected to fuel the growth of the target acquisition systems market are advancements in automatic weapons, increasing defense expenditure of countries, rise in demand for artillery systems by military forces, and ongoing military modernization programs worldwide. Major players operating in the target acquisition systems market include companies, such as Hensoldt (Germany), Elbit Systems (Israel), Israel Aerospace Industries (Israel), Aselsan A.S. (Turkey), Rheinmetall (Germany), BAE Systems (UK), and Leonardo (Italy), and Raytheon Company (US).
The less lethal ammunition market is projected to grow from USD 828 million in 2018 to USD 1,106 million by 2023, at a CAGR of 5.95% during the forecast period. Factors such as the increasing demand for less lethal ammunition such as rubber bullets, bean bag rounds, and smoke munitions across the world are expected to drive the less lethal ammunition market during the forecast period. Companies such as The Safariland Group (US), Combined Systems, Inc. (US), Federal Ammunition (US), Nonlethal Technologies (US), Rheinmetall AG (Germany), ST Engineering (Singapore), Lightfield Ammunition Corporation (US), Winchester Ammunition (US), Security Devices International, Inc. (US), Lamperd Less Lethal, Inc. (Canada), Condor Non-Lethal Technologies (Brazil), Less Lethal Africa (South Africa), MAXAM Outdoors S.A. (Spain), and Sellier & Bellot (Czech Republic) are some of the leading players in the less lethal ammunition market.
The military computers market is estimated at USD 7.9 billion in 2018 and is projected to reach USD 10.5 billion by 2023, at a CAGR of 5.85 % from 2018 to 2023. The factors expected to fuel the military computers market growth is the increasing focus on deployment of rugged portable and wearable computers in military warzones. In addition, advancements in warfare technologies and modernization of military weapon systems are also expected to drive the market during the forecast period. Major players in the military computers market include Curtiss-Wright Corporation (US), Zebra Technologies Corp. (US), Cobham plc (UK), Saab (Sweden), Rockwell Collins, Inc (US), Thales Group (France), Northrop Grumman Corporation (US), Getac Technology Corporation (Taiwan), and Panasonic Corporation (Japan), among others.
The military 3D printing market is projected to grow from USD 799.8 Million in 2018 to USD 4,594.4 Million by 2025, at a CAGR of 28.37% during the forecast period. The rising demand for lightweight parts and components in the defense industry and increasing investments made by defense entities in 3D printing projects are key factors projected to drive the growth of the military 3D printing market. Major players operating in the military 3D printing market include Stratasys (US), 3D Systems (US), ExOne (France), EOS (Germany), Arcam (Sweden), and Norsk Titanium (Germany).
targeting pods market is estimated to be USD 3.26 Billion in 2017 and projected to reach USD 4.49 Billion by 2022, at a CAGR of 6.61% during the forecast period. The growth of the market can be attributed to increasing military aircraft procurement as well as upgradation of existing aircraft across the world. The increasing military aircraft procurement by various countries has led to an increase in demand for aircraft payload-based targeting system, i.e. targeting pods for capability enhancement in precision targeting. Some of the major players in the targeting pods market are Lockheed Martin (US), Thales Company (France), Raytheon Company (US), and Israel Aerospace Industries (Israel).
The unattended ground sensors market is projected to grow at a CAGR of 4.71% from 2017 to 2022, to reach a market size of USD 457.9 Million by 2022 from USD 363.8 Million in 2017. This growth can be attributed to the changing nature of warfare and rise in the terrorism, geopolitical issues, and insurgencies across countries in the world. To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of a few leading players in the unattended ground sensor market, namely, Northrop Grumman (US), Textron (US), Elbit Systems (Israel), L3 Communications (US) , DTC (US), and others. These players are trying to penetrate the markets in emerging economies and are adopting various strategies to increase their market share.
The ammunition handling system market was valued at USD 2.11 Billion in 2016 and is projected to reach USD 3.50 Billion by 2022, at a CAGR of 8.75% from 2017 to 2022. This report provides a forecast of the ammunition handling system market over the next 5 years while recognizing market application gaps, recent developments, and high potential countries. Major players operating in the ammunition handling system market include Meggitt Defense Systems (US), General Dynamics (US), McNally Industries (US), Nobles Worldwide (US), and Curtiss-Wright (US).
The air defense system market is projected to grow from USD 30.57 Billion in 2017 to USD 45.19 Billion by 2024, at a CAGR of 5.74% from 2017 to 2024. The products offered by various companies operating in the air defense system market have been listed in the report. The recent developments section of the report includes information on the strategies adopted by various companies between January 2012 and August 2017 to strengthen their position in the air defense system market. Saab AB (Sweden), Israel Aerospace Industries Ltd. (Israel), Lockheed Martin Corporation (US), and BAE Systems plc (UK), among others, are the major players operating in the air defense system market.
The Multiple Launch Rocket Systems (MLRS) market was USD 532.8 Million in 2016 and is projected to reach USD 797.4 Million by 2022, at a CAGR of 6.19% during the forecast period. Lockheed Martin Corporation (US), NPO Splav (Russia), Norinco Group(China), Avibras Indústria Aeroespacial S.A. (Brazil), Tata SED (India), L&T (India), IMI (Israel), Roketsan (Turkey), Hanwha Corporation (South Korea), and BAE Systems PLC (UK) are some of the companies in the multiple launch rocket systems market.
The combat management system market is projected to grow from USD 298.3 Million in 2016 to USD 365.5 Million by 2022, at a CAGR of 3.57% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022. Major players operating in the combat management system market include BAE Systems plc (UK), Elbit Systems Ltd. (Israel), Kongsberg Gruppen ASA (Norway), Leonardo S.p.A.(Italy), Lockheed Martin Corporation (US), Raytheon Company (US), Saab AB (Sweden), and Thales Group (France), among others.
The aircraft survivability equipment market is projected to grow from an estimated USD 3.54 billion in 2017 to USD 4.62 billion by 2022, at a CAGR of 5.49% from 2017 to 2022. Replacement of legacy systems with advanced combat systems, increase in asymmetric warfare, and the threat of advanced infrared (IR) and radio-frequency (RF) targeting systems are key factors expected to drive the aircraft survivability equipment market during the forecast period. Major companies profiled in the aircraft survivability equipment market report are Northrop Grumman Corporation (US), Orbital ATK, Inc. (US), Thales Group (France), Chemring Group PLC (UK), Saab AB (Sweden), BAE Systems (UK), and Israel Aerospace Industries Ltd. (Israel), among others.
The rangefinder market is projected to grow from an estimated at 1.32 Billion in 2017 to USD 3.57 Billion by 2022, at a CAGR of 21.91% during the forecast period from 2017 to 2022. The base year considered for this study is 2016 and the forecast period is from 2017 to 2022. Some of the key players operating in the rangefinder market include Elbit Systems Ltd. (Israel), Kongsberg Gruppen ASA (Norway), Lockheed Martin Corporation (US), Saab AB (Sweden), and Thales Group (France).
The counter-IED market is projected to grow from USD 1.78 Billion in 2017 to USD 2.03 Billion by 2022, at a CAGR of 2.64% during the forecast period from 2017 to 2022. Key players operating in the counter-IED market are Lockheed Martin Corporation (US), Allen-Vanguard (Canada), Chemring Group (UK), Raytheon Company (US), Northrup Grumman Corporation (US), General Dynamics Corporation (US), etc. The strategy of long-term contracts is the major growth strategy adopted by these top players to strengthen their position in the counter-IED market.
The search and rescue equipment market is projected to grow from an estimated USD 113.62 Billion in 2017 to USD 125.66 Billion by 2022, at a CAGR of 2.03% during the forecast period, 2017 to 2022. Some of the key players operating in the SAR equipment market include Honeywell International Inc. (U.S.), Rockwell Collins (U.S.), Thales Group (France), Leonardo S.p.A. (Italy), Textron (U.S.), and General Dynamics Corporation (U.S.), among others.
The amphibious vehicles market is projected to grow from an estimated USD 2.39 Billion in 2017 to USD 3.70 Billion by 2022, at a CAGR of 9.13% during the forecast period. Amphibious vehicles are employed to provide combat support to defense forces during amphibious military operations or as excavators for dredging and reclamations of rivers, or water bodies. Major players in the amphibious vehicles market include BAE Systems (U.K.), General Dynamics Corporation (U.S.), Lockheed Martin Corporation (U.S.), Rheinmetall AG (Germany), Hitachi Construction Machinery (Europe) N.V. (Netherlands), EIK Engineering Sdn. Bhd. (Malaysia), Wetland Equipment Company, Inc. (U.S.), Wilco Manufacturing LLC (U.S.), and Marsh Buggies Incorporated (U.S.).
The IRST system market is estimated to be USD 4.47 Billion in 2017 and is projected to reach USD 5.95 Billion by 2022, at a CAGR of 5.88% during the forecast period. Increasing need for enhanced situational awareness and enhanced security and immunity over radars are the major factors expected to drive the market in the coming years.