Military Platforms Market

The military platforms market is projected to reach USD 77.08 billion by 2030, from USD 51.87 billion in 2024, at a CAGR of 6.8%. Rising geopolitical instability and the tensions in the Asia-Pacific, Eastern European, and Middle East regions are compelling nations to bolster up their militaries, further increasing demand for advanced military platforms. The modernization of defense programs in both developed and emerging economies is forcing an upgrade in land, sea, and air-based platforms. The growing importance of technology-driven platforms, such as, AI integration, and cybersecurity, is leading to immense growth in market expansion.

The shift to multi-domain operations, where platforms increasingly are designed for interoperability through air, land, and sea, is also key. A growing focus on cyber warfare capabilities and the imperative of protecting military assets against digital threats is another way investment is being pushed forward.

Companies that lead include Lockheed Martin Corpration (US), Huntington Ingalls Industries (HII)  (US) , Rheinmetall AG (Germany), Boeing (US), Northrop Grumman (US), BAE Systems (UK), who also hold immense market shares with continuous innovation and leadership in all aspects with the newest solutions in every sector. The companies focus not only on the traditional technologies but on the emerging technologies that will propel the companies forward within the continuously competitive market.

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Major Military Platforms companies include:

• Lockheed Martin Corporation (US)
• Rheinmetall AG (Germany)
• Boeing (US)
• Huntington Ingalls Industries (US)
• RTX (US)
• BAE Systems (UK)
• Northrop Grumman (US)
• Israel Aerospace Industries (Israel)
• Thales (France)
• Saab AB (Sweden)
• Elbit Systems Ltd. (Israel)
• Aselsan A.S (Turkey)
• Bharat Electronics Limited (BEL) (India)
• Leonardo S.p.A. (Italy)
• ST Engineering (Singapore)
• Textron (US)
• Mitsubishi Heavy Industries, Ltd. (Japan)
• Dassault Aviation (France)
• Airbus (Netherlands)
• HD Hyundai Heavy Industries Co., Ltd. (South Korea)
• Naval Group (France)
• Hanwha Ocean Co., Ltd. (South Korea)

BAE Systems (UK)

BAE Systems is one of the largest defense contractors developing and delivering advanced air, military, and naval defense systems. It operates through five business segments: Electronic Systems, Platforms & Services, Air, Cyber-Intelligence, and Maritime. The air segment offers military aircraft, while the maritime segment provides military vessels, such as submarines, destroyers, and frigates. The company offers cost-effective, high-performance armored vehicles for military and law enforcement applications through its platforms & services segment. It has a presence in Australia, India, Saudi Arabia, the UK, and the US. The company’s key subsidiaries are BAE Systems Integrate d System Technologies, BAE Systems Maritime – Submarines, and BAE Systems Military Air & Information.

Lockheed Martin Corporation (US)

Lockheed Martin Corporation is one of the leaders in manufacturing, developing, and researching advanced technology systems and related products and services for the aerospace, defense, and security industries. Its four business segments are Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. This aeronautics segment researches and designs, develops, manufactures, integrates, sustains, supports, and upgrdes the world's most advanced military aircraft for combat and air mobility, as well as unmanned air vehicles and related technologies. Lockheed Martin has over 572 manufacturing plants in more than 500 cities across 50 states in the US. Its subsidiaries are Lockheed Martin UK Limited, Lockheed Martin Global, Inc., Lockheed Martin Australia Pty Limited, Lockheed Martin Canada Inc., and Lockheed Martin Logistics Management, Inc. The company has a presence in the Americas, Europe, Asia Pacific, the Middle East, and Africa.

Huntington Ingalls Industries (HII)  (US)

Huntington Ingalls Industries, or HII, is a publicly-traded company formed by the merger of two legacy shipbuilding yards. HII diversified into a third division that offers U.S.- and export-based technology solutions for civil, commercial, and defense clients in most countries of the world. The company operates through three business divisions : Ingalls, Newport News and Mission Technologies. This division concentrates on warship construction for US Navy, US Coast Guard, US Marine Corps, and international customers. The products produced at this division include amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters. This Newport News division focuses itself on the designing and building of nuclear-powered aircraft carriers and submarines. The company builds, fuels, overhauls, and decommissions the vessels, besides offering maintenance services for aircraft carrier fleets of the US Navy. HII is critical in the US defense sector, delivering advanced naval capabilities while prioritizing innovation and operational efficiency in shipbuilding and marine support services. Over 44,000 people work for the company worldwide.

Boeing (US)

Boeing designs, produces, and markets aerospace products, such as aircrafts, rotocrafts, missiles, rockets, satellites, telecommunications equipment, among others. This company also offers leasing and product support services. Its operations are reportedly separated into three divisions: Commercial Airplanes (BCA), Defense, Space and Security (BDS), and Global Services (BGS).  The company’s defense, space, and security division researches, develops, produces, and modifies manned and unmanned military aircraft and weapon systems, including fighter jets, rotorcraft, and commercial derivatives like anti-submarine and tanker aircraft.

Rheinmetall AG (Germany)

Rheinmetall AG is the parent management holding company of the Group Rheinmetall. The company provides systems and services in the security and civil industries. It operates through five major divisions: Vehicle Systems, Weapon & Ammunition, Electronic Solutions, Sensors & Actuators, and Material & Trade. The company provides wheeled and tracked vehicle systems, including combat, support, logistics, and special vehicles, which help meet changing operational requirements. Such vehicles are famous for their efficiency and incorporate various technologies for advanced sensors, guidance systems, protection technologies, and effectors from other divisions. The company has 33,700 employees and operates at 174 locations worldwide.

Related Reports:

Military Platforms Market by Platform Type (Military Aircraft, Military Vessels, Military Vehicles), Technology (Conventional, Next-Gen ), End-User (Army, Navy, Air-force) - Global Forecast to 2030

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