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 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 4.9 Billion in 2022 to USD 7.8 Billion by 2027, at a compound annual growth rate (CAGR) of 9.7% during the forecast period.The Major players Gunshot Detection Systems market include Shot spotter, Inc., (US) and Shooter Detection Systems LLC (US), 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 Colt’s 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 Česká Zbrojovka a.s. (Czech Republic), Heckler & Koch Gmbh (Germany).
The military vehicle electrification market is expected to grow from USD 3.5 billion in 2022 to USD 15.1 billion by 2027, at a compound annual growth rate (CAGR) of 34.1% during the forecast period.The Key Players BAE Systems Plc. (UK), General Dynamics (US), General Motors (US), Textron Systems (US), Leonardo DRS (Italy), Nexter Group (US), and Oshkosh Corporation (US).
The Electronic Warfare market is expected to grow from USD 18.5 billion in 2022 to USD 23.2 billion by 2027, at a compound annual growth rate (CAGR) of 4.7% during the forecast period.The Key Players BAE Systems (UK), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (US), L3Harris Technologies Inc. (US), Israel Aerospace Industries (Israel), and Saab AB (Sweden).
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 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 Curtiss-Wright Corp. (US), Mercury Systems (US), Kontron (S&T AG) (Austria), AMETEK (US), and General Dynamics Corp. (US).
The armored vehicles market is expected to grow from USD 29.3 billion in 2022 to USD 34.1 billion by 2027, at a compound annual growth rate (CAGR) of 3.1% during the forecast period.The Major Players Oshkosh Corp. (US), L3harris Technologies (US), Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), and Hanwha Defense (South Korea).
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 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 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 global 5G in defense market is expected to grow from USD 665 million in 2022 to USD 2,487 million by 2027, at a compound annual growth rate (CAGR) of30.2% during the forecast period.The key players such as Ericsson (Sweden), Huawei (China), Nokia Networks (Finland), Samsung (South Korea), NEC (Japan), Thales Group (France), L3Harris Technologies, Inc. (US), Raytheon Technologies (US), Ligado Networks (US), and Wind River Systems, Inc. (US).
The global ammunition market size is projected to reach USD 29.1 billion by 2026, at a CAGR of 3.7% during the forecast period. The ammunition market is dominated by a few globally established players such as Northrop Grumman Corporation (US), CBC Global Ammunition (Brazil), BAE Systems (UK), Thales Group (France), and General Dynamics Corporation (US), among others.
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).
CBRN Defense market is projected to reach USD 22.2 billion by 2026, at a CAGR of 5.0% during the forecast period. The CBRN Defense market is dominated by a few globally established players such as Rheinmetall Defence (Germany), Smiths Group PLC (UK), Teledyne FLIR LLC (US), Bruker Corporation (US), and Chemring Group PLC (UK), among others.
Military antenna market is projected to reach USD 5.2 billion by 2026, at a CAGR of 5.9% during the forecast period. The Military antenna market is dominated by a few globally established players such as L3Harris Technologies (US), Airbus (Netherlands), General Dynamics (US), Maxar Technologies (US), and Honeywell International Inc. (US), among others.
The Precision Guided Munition Market is expected to grow from USD 32.8 billion in 2021 to USD 41.0 billion by 2026, at a CAGR of 4.5% during the forecast period. The precision guided munition market includes major players Lockheed Martin Corporation (US), Boeing Company (US), Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), and BAE (Uk). These players have spread their business across various countries includes North America, Europe, Asia Pacific, and Rest of the World.
The global missile defense system market size is projected to reach USD 29.7 billion by 2026, at a CAGR of 4.4% during the forecast period. The Missile defense system market is dominated by a few globally established players such as Northrop Grumman Corporation (US), Lockheed Martin (US), Boeing (US), Raytheon Technologies (US), and General Dynamics Corporation (US).
The global missile seekers market size is projected to reach USD 6.8 billion by 2026, at a CAGR of 5.2% during the forecast period. The missile seekers market is largely fragmented. Established players in the market include BAE Systems (UK), Boeing (US), Leonardo S.p.A. (Italy), Safran Group (France), Raytheon Technologies (US), Thales (France), Northrop Grumman Corporation (US).
According to MarketsandMarkets Mine detection Systems market is projected to reach USD 6.9 billion by 2026, at a CAGR of 6.2% in terms of value during the forecasted period. This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Israel Aerospace Industries Ltd. (Israel), Raytheon Technologies Corporation (US), Thales Group (France), L3Harris Technologies, Inc. (US), BAE Systems (UK), and Elbit System (Israel).
The Military displays market size is projected to reach USD 1.4 billion by 2026, at a CAGR of 4.9% during the forecasting period. Major players operating in the Military Displays Market include Raytheon Technologies (US), Lockheed Martin Corporation (US), Elbit Systems (Israel), Bae Systems (US). These key players offers Military Display products and strong distribution networks across North America, Europe, Asia Pacific, Middle East and Latin America
According to MarketsandMarkets Airborne Countermeasure Systems market is projected to reach USD 14.9 billion by 2026, at a CAGR of 5.2% in terms of value during the forecasted period. This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Israel Aerospace Industries Ltd. (Israel), Raytheon Technologies Corporation (US), Thales Group (France), L3Harris Technologies, Inc. (US), BAE Systems (UK), and Saab Ab (Sweden).
According to MarketsandMarkets, the electromagnetic weapons market is projected to reach USD 1,282 million by 2026, at a CAGR of 20.3% during the forecasting period. This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), BAE Systems (UK), Raytheon Technologies (US), Elbit Systems (Israel) and L3Harris Technologies (US).
The overall thermoelectric generator market is projected to reach USD 635 million by 2026, at a CAGR of 9.4% during the forecasting period. Winners of TEG market are Gentherm, Inc (US), II-VI Incorporated (US), Ferrotec Corporation (Japan), Laird Thermal System (UK), Komatsu Ltd. (Japan), and TEC Microsystems (Germany). These key players offer drones applicable for various sector and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, and Rest of the World (RoW).
The Unmanned Electronic Warfare market is projected to reach USD 847 million by 2026, at a CAGR of 4.3% in terms of value during the forecasted period. Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), L3Harris Technologies, Inc. (US), BAE Systems (UK), and Saab Ab (Sweden).
The Military Sensors Market is expected to grow from USD 9.9 Billion in 2021 to USD 13.2 Billion by 2026, at a CAGR of 5.9% during the forecast period. Major companies profiled in the report include Honeywell International (US), TE Connectivity (Switzerland), Raytheon Technology (US), Lockheed Martin (US), Thales (France), Bae Systems (UK) among others.
According to MarketsandMarkts, the directed energy weapon market is projected to reach USD 10.1 billion by 2026 at a CAGR of 18.7% during the forecasting period. This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Lockheed Martin Corporation (US), Raytheon technologies (US), Northrop Grumman Corporation (US), The Boeing Company (US), Thales Group (France), Leonardo SPA (Italy), BAE Systems (UK), Elbit Systems (Israel) and L3Harris Technologies (US).
The global homeland security and emergency management market is expected to grow from USD USD 668.7 billion in 2021 to USD 904.6 billion by 2026, at a compound annual growth rate (CAGR) of 6.2% during the forecast period.such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), BAE Systems (UK), Elbit Systems (Israel), Leidos (US), and L3Harris Technologies (US).
The Airborne Radars Market is expected to grow from USD 4.1 billion in 2020 to USD 6.0 billion by 2025, at a CAGR of 8.0% during the forecast period. This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Hensoldt AG (Germany), Leonardo SPA (Italy), BAE Systems (UK), Israel Aerospace Industries (Israel), Saab AB (Sweden), Aselsan (Turkey), Elbit Systems (Israel) and L3Harris Technologies (US).
The Artificial Intelligence in Military Market is expected to grow from USD 6.3 billion in 2020 to USD 11.6 billion by 2025, at a CAGR of 13.1% during the forecast period. The North America US is recognized as one of the key manufacturers, exporters, and users of AI systems worldwide and is known to have the strongest AI capabilities. Key manufacturers of Ai systems in the US include Lockheed Martin, Northrop Grumman, L3Harris Technologies, Inc., and Raytheon. The new defense strategy of the US indicates an increase in Ai spending to include advanced capabilities in existing defense systems of the US Army to counter incoming threats.
The battlefield management systems market is projected to grow from USD 9.5 billion in 2020 to USD 11.8 billion by 2025, at a CAGR of 4.3% from 2020 to 2025. The global battlefield management systems market is dominated by a few globally established players such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Collins Aerospace (US), Leonardo SPA (Italy), and BAE Systems (UK).
The Riflescopes Market is expected to grow from USD 5.7 billion in 2020 to USD 7.3 billion by 2025, at a CAGR of 5.0% during the forecast period. Key players profiled in the riflescopes market include SIG Sauer, Inc., (US) Vortex Optics, (US) and Leupold & Stevens, Inc., (US) Burris Company, Inc., (US) Trijicon, Inc., (US) and Nightforce Optics (US) among others.
The Tactical Optics Market is expected to grow from USD 9.7 billion in 2020 to USD 13.0 billion by 2025, at a CAGR of 6.1% during the forecast period. The tactical optics industry includes major Tier 1 players, such as Kongsberg Gruppen AS (Norway), Raytheon Company (US), Elbit Systems Ltd. (Israel), Saab AB (Sweden), Leonardo S.p.A (Italy), and BAE Systems plc (UK). These companies offer advanced electro-optic cameras and thermal cameras, which make up the majority of the tactical optics market. The tactical optics industry also constitutes Tier 2 and Tier 3 players who offer tactical optics for dismounted soldiers, which cost comparatively lesser. These players include Sig Sauer, Inc. (US), Vortex Optics (US), Bushnell Corporation (US), and Leupold & Stevens, Inc. (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 Weapon Mounts Market is expected to grow from USD 1.1 billion in 2019 to USD 1.8 billion by 2025, at a CAGR of 7.7% during the forecast period. Major players in the weapon mounts are Kongsberg Gruppen (Norway), Raytheon Company (US), Elbit Systems (Israel), Saab AB (Sweden), BAE Systems (UK), Dillion Aero (US), AEI Systems Ltd. (UK), FN Herstal (Belgium), Capco LLC. (US), and ISTEC Services Ltd. (UK), among others.
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 military actuators market is expected to grow from USD 1.1 billion in 2019 to USD 1.4 billion by 2024, at a CAGR of 5.79% during the forecast period. Increasing demand for electrical actuators from the aerospace & defense industry is a major factor driving the growth of the military actuators market. The use of these actuators reduces the energy consumption of flight control systems, resulting in their increased demand in the aviation sector. Electrical actuators are replacing hydraulic actuators due to their light weight, improved performance, enhanced security, and low maintenance cost.
The fire control system market is projected to grow from USD 5.9 billion in 2018 to USD 7.3 billion by 2023, at a CAGR of 4.37% from 2018 to 2023. Some of the factors that are expected to fuel the growth of the fire control system market include the increasing military expenditure by emerging economies to strengthen their respective armed forces. Various defense players, such as General Dynamics Corporation (US), Elbit Systems Ltd (Israel), Rheinmetall AG (Germany), Lockheed Martin (US), Leonardo (Italy) and BAE Systems (UK) are focusing on improving the accuracy of Fire Control Systems (FCS), and also on automating fire control systems in weapon systems. In contrast, various advanced economies have reduced their military budgets as a result of economic slowdown. Major players in the fire control system market include companies, such as Elbit Systems Ltd (Israel), General Dynamics Corporation (US), Rheinmetall AG (Germany), BAE Systems (UK), Lockheed Martin (US), Safran (France), Leonardo (Italy), Raytheon Company (US), SAAB (Sweden), Aselsan A.S. (Turkey), Northrop Grumman (US), and Israel Aerospace Industries (Israel), which have made significant contributions to the global fire control system market.
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 automatic weapons market is projected to grow from USD 6.0 billion in 2018 to USD 8.7 billion by 2023, at a CAGR of 7.82% during the forecast period. Factors such as the rising demand for precision weapon systems in emerging countries, advancement in land warfare systems, continuous upgradation of existing combat platforms, and interconnected warfare are expected to drive the automatic weapons market during the forecast period. Companies such as General Dynamics Corporation (US), Northrop Grumman (US), Rheinmetall AG (Germany), ST Engineering (Singapore), KBP Instrument Design Bureau (Russia), Heckler & Koch AG (Germany), FN Herstal (Belgium), Colt’s Manufacturing Company LLC (US), Israel Weapon Industries (Israel), NORINCO (China), Denel Land Systems (South Africa), Kalashnikov Concern (Russia), BAE Systems (UK), Barrett Firearms Manufacturing (US), and Ukroboronprom (Ukraine) are some of the leading players have made significant contribution to the global automatic weapons 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 soldier system market is projected to grow from USD 9.78 billion in 2018 to USD 14.14 billion by 2023, at a CAGR of 7.65% during the forecast period from 2018 to 2023. Factors such as ongoing soldier modernization programs carried out in various countries, increasing instances of asymmetric warfare, growing number of geopolitical disputes, and rising incidences of interconnected warfare are expected to drive the growth of the soldier systems market across the globe during the forecast period. Major players in the soldier systems market are Rheinmetall AG (Germany), General Dynamics (US), Elbit Systems (Israel), Leonardo (Italy), Saab AB (Sweden), Rockwell Collins (US), FLIR Systems (US), Harris Corporation (US), and Thales Group (France), 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).
The artillery systems market is projected to grow from USD 9.83 Billion in 2017 to USD 13.94 Billion by 2022, at a CAGR of 7.23% during the forecast period. Increasing demand for artillery systems from the military sector and ongoing military modernization programs worldwide are key factors driving the growth of the artillery systems market. Major players operating in the artillery system market are BAE Systems (UK), Lockheed Martin (US), Elbit System (Israel), General Dynamics (US), NORINCO (China), Hanwha Techwin (South Korea), and others.