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 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 armored vehicles market is expected to grow from USD 51.6 billion in 2024 to USD 60.7 billion by 2029, 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 global ammunition market size is expected to grow from USD 28.0 Billion in 2023 to USD 33.1 Billion in 2028, at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period. The key players are Northrop Grumman Corporation (US), CBC Global Ammunition (Brazil), BAE Systems (UK), Thales Group (France), and General Dynamics Corporation (US), Nammo AS (Norway).
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 Military Vehicle Electrification market size is expected to grow from USD 4.1 Billion in 2023 to USD 20.4 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 25.6 % 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 Otomotiv ve Savunma Sanayi AS (Turkey), Krauss-Maffei Wegmann (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 thermoelectric generators market is expected to grow from USD 761 Million in 2022 to USD 1,233 Million by 2027, at a compound annual growth rate (CAGR) of 10.1% during the forecast period.The major players Coherent Corp. (US), Gentherm Inc. (US), Ferrotec Holdings Corporation (Japan), Laird Thermal Systems, Inc. (UK), and Komatsu Ltd. (Japan)
The directed energy weapon market is expected to grow from USD 5.3 Billion in 2022 to USD 12.9 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period. The major players Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), Thales Group (France), and BAE Systems plc (UK).
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 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 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 Unmanned Electronic Warfare Market Size 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 Size 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.
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 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 advancements in technology for precision attack and their increasing demand for hunting and shooting sports are some of the factors expected to drive the growth of the riflescopes industry.
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 less. 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 $ 1.1 Billion in 2019 to $ 1.8 Billion by 2025, at a CAGR of 7.7% during the forecast period. Major Companies in the weapon mounts industry 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.