Global Ground Defense System Market Analysis by Top Key Manufacturers, Application, Revenue and Market Share by 2027
The Global Ground Defense System market size is forecasted to be worth USD 68.28 billion by 2027, according to a current analysis by Emergen Research.
The increasing emphasis on battlefield technolgy upgrade and extensive rise in investment in the defense & foreign intelligence are the major factors influencing the market growth.
The key factors influencing the market include increasing usage of battlefield intelligence, rising demand for cyber security in military & defense intelligence involving the data breaches from the confidential governing bodies, rising threats & tensions in asymmetric warfare, and growing investment in the defense bodies & foreign intelligence platforms, among others.
The extensive analysis covered in the report offers insights into the estimated growth of the market during the forecast timeline. The report estimates the CAGR at which the market is expected to grow throughout the forecast timeline of 2020-2028.
The analysis is done on the basis of the authentic and relevant information obtained from in-depth primary and secondary research. Additionally, the factors expected to drive or restrain the growth of the market are studied extensively in the report.
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Some Key Highlights From the Report
- In May 2020, BAE Systems announced the completion of the accusation of the business of Airborne Tactical Radios of Raytheon Technologies Corporation. This acquisition will help deliver game-changing electronic mission and control solutions for their customers.
- The Defense Intelligence is growing with the fastest CAGR of 6.3% throughout the projected period owing to its higher incorporation of intelligence protocols, including the nextgen communication, surveillance, reconnaissance, information fusion & data analytics, electronic welfare & spectrum dominance, and cyber control systems, among others.
For the purpose of this report, Emergen Research has segmented into the global Ground Defense System Market on the basis of Application, End-User, Component, Technology, and Region:
- Application Outlook (Revenue: USD Billion; 2017-2027)
- Logistics & Transportation
- Surveillance & Reconnaissance
- Cyber Security
- Explosive Ordinance Disposal (EOD)
- Intelligence & Data Warfare
- Combat Simulation, Training & Health Monitoring
- Others
- End-User Outlook (Revenue: USD Billion; 2017-2027)
- Military
- Defense Intelligence
- Law Enforcement
- Component Outlook (Revenue: USD Billion; 2017-2027)
- Products
- Modern Weapons
- Armored Fighting Vehicle
- Command and Control System
- Military Unmanned Ground Vehicle
- Satellite
- Armored and Unmanned Ground Vehicle
- Soldier Equipment
- Unmanned Aerial Vehicle (UAV)
- Smart Clothing
- Vision and Surveillance
- RFID
- Communication Devices
- Others
- Services
- Artificial Intelligence
- Cyber Security
- Data Transfer Protocol
- Others
- Technology Outlook (Revenue: USD Billion; 2017-2027)
- Artificial Intelligence
- 3D Printing
- Internet of Things
- Wearable Devices
- Others
- Products
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Elements analyzed in the report:
The Global Ground Defense System Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies.
Regional Analysis of the Ground Defense System Market includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The regions in the Asia Pacific lead by China, India, Japan, and South & North Korea are allotting a considerable budget for their defense grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric welfare, along with a higher economic development, enhancement in the technological industry deliberately help propel the ground defense market enforcement.
Radical Highlights of the Ground Defense System Market Report:
- Study of the latest product launches and technological advancements to help the readers in formulating investment strategies
- Focus on market scenario, dynamics, and trends to be expected in the coming years
- Advanced analytical tools such as Porter’s Five Forces analysis, SWOT analysis, feasibility analysis, and investment return analysis
- Thorough regional analysis to offer insights into production and consumption patterns, supply and demand ratio, market size, revenue contrition, and the presence of prominent players
- Competitive landscape benchmarking with a focus on business profiles, product portfolio, business strategies such as M&A activities, revenue, market positions, market share, global position, and financial standing
- Accurate 8-year forecast analysis for the growth of Ground Defense System market
- Extensive analysis of market drivers, restraints, growth prospects, opportunities, threats, and limitations
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