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 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 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.
The thrust vector control market is projected to grow from USD 8.39 Billion in 2017 to USD 13.77 Billion by 2022, at a CAGR of 10.41% during the forecast period. Rise in the implementation of thrust vector control in fighter aircraft to gain superiority over enemy aircraft during aerial combats, increased investment in space exploration programs, and increased adoption of thrust vector control in next-generation guided missile systems are the primary drivers for the growth of the thrust vector control market. The market has been segmented based on technology, application, system, end user, and region.
The shoulder fired weapons market is projected to grow from USD 5.83 Billion in 2016 to USD 7.70 Billion by 2022, at a CAGR of 4.76% during the forecast period. Factors such as modernization of armed forces, rise in asymmetric warfare, and rising need for security from different types of land and air weapon systems are driving the shoulder fired weapons market.
The military power solutions market is projected to grow from USD 5.35 Billion in 2016 to USD 9.01 Billion by 2022, at a CAGR of 9.07% during the forecast period. This growth can be attributed to the emergence of modern warfare techniques. Furthermore, requirement for durable and maintenance free power sources for the military sector and increasing defense electronics budget in several emerging countries are factors that are expected to fuel the growth of the military power solutions market.
The Digital Radio Frequency Memory (DRFM) market was valued at USD 613.9 Million in 2016, and is projected to reach USD 1,222.2 Million by 2022, at a CAGR of 12.16% from 2016 to 2022. Advancements in military technology have led to the development of superior air defense systems. These systems have posed a serious challenge for airborne units operating in enemy airspace leading to severe damage, attrition of units, and loss of personnel. Electronic warfare technologies are focused on reducing the instances of detection by enemy radars and providing the necessary time to evade them.
The mission management systems market is projected to grow from USD 13.97 Billion in 2016 to USD 27.50 Billion by 2022, at a CAGR of 11.95% from 2016 to 2022. Increasing need for enhanced situational awareness, growing need of emergency and search & rescue management is the major factor expected to drive the market in the coming years.
The submarine combat systems market is estimated to be valued at USD 4.97 Billion in 2016 and reach USD 11.67 Billion in 2022, at a CAGR of 15.3%. The growth in the Asia-Pacific and European regions is attributed to the acquisitions of new submarines and submarine upgradation programs in some countries. The increasing focus on maritime security and submarine upgradation programs are the major drivers in the submarine combat systems market.
The combat system integration market is projected to grow from USD 4.26 Billion in 2016 to USD 25.46 Billion by 2022, at a CAGR of 34.7% during the forecast period, 2016 to 2022. Factors such as increasing focus on the naval sector in emerging economies, commissioning of new warships, and continuous upgradation of existing combat platforms and interconnected warfare systems are expected to drive the growth of the combat system integration market during the forecast period.
The hazmat suits market is projected to grow from USD 6.01 Billion in 2016 to USD 7.97 Billion by 2021, at a CAGR of 5.82% from 2016 to 2021. Various factors, such as the Ebola outbreak, increasing healthcare budgets and significant growth trends in the global chemical industry in different countries are expected to drive the growth of the hazmat suits market.
The vetronics market is projected to grow from USD 2.85 Billion in 2016 to USD 3.51 Billion by 2021, at a CAGR of 4.30% during the forecast period. The vetronics market is driven by various factors, such as network centric warfare, situational awareness, embedded technology system commonality, shift towards COTS enabled improved SWaP specifications, among others. This report forecasts the vetronics market and its dynamics during the next five years, while also recognizing market applications, evolving technologies, recent developments in the market, and high potential geographic regions and countries. The base year considered for the study is 2015, and the forecast period is between 2016 and 2021.
The smart weapons market is projected to grow from USD 11.52 Billion in 2016 to USD 15.64 Billion by 2021, at a CAGR of 6.3% during the forecast period. Factors, such as armed conflicts, terror activities, cross-border disputes, and increasing military use of smart weapons are expected to fuel the growth of the smart weapons market during the forecast period.
The global network centric warfare (NCW) market is projected to reach USD 57.68 Billion by 2021, growing at a CAGR of 4.52% during the forecast period. This growth can be attributed to the increasing number of wars and transnational disputes, growing need for timely and accurate information in the battlefield, and huge investments by countries for technological advancements of defense equipment to improve the communication systems of defense forces.
The global riot control system market is projected to grow from USD 9.05 Billion in 2016 to USD 11.78 Billion by 2021, at a CAGR of 5.4% during the forecast period. Militarization of law enforcement agencies, polarization of civilians, driving maximum efficacy, and minimum liability are the key factors of demand and supply sides, which are driving the riot control system market.
The global air and missile defence radar (AMDR) market was valued at USD 8.79 Billion in 2016 and is projected to reach USD 12.52 Billion by 2021, at a CAGR of 7.34% from 2016 to 2021. Increased concerns towards prevention from ballistic and stealth missiles, target racking and early warning, airborne fire control, surveillance, and ground mapping, among others, are driving the demand for AMDRs across the globe.
The global non-lethal weapons market is projected to grow from USD 5.65 Billion in 2015 to USD 8.37 Billion by 2020, at a CAGR of 8.2% during the forecast period. Factors such as militarization of law enforcement agencies, polarization of civilians and driving maximum efficacy and minimum liability, among others are directly influencing the non-lethal weapons market.
The Indian Ministry of Defense has been focusing on filling the gaps in the inventory held by Indian armed forces. It has also been focusing on encouraging procurement of defense equipment from indigenous manufacturers. It has initiated the process of signing various contracts with the private sector under the Buy-Make category of the DPP. This is also expected to lead to various partnerships between the Indian companies and global Original Equipment Manufacturers (OEMs) to meet this demand.
The global aviation cyber security market is projected to grow from USD 39.59 Billion in 2015 to USD 61.85 Billion by 2020, at a CAGR of 9.34% from 2015 to 2020. This growth is mainly attributed to the growing incidence of cybercrimes and cyber-attacks on the aerospace and defense sector. The report forecasts the aviation cyber security market over the next five years. It also identifies and analyzes market application gaps, evolving technologies, recent developments, and high potential geographic regions and countries. The aviation cyber security market has been analyzed on the basis of component (solution and service), deployment (on-cloud and on-premise), and region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report provides a competitive landscape for key players in the market, with an explicit focus on their product offerings, key financials, and growth strategies adopted by them to sustain their market position.
The global military parachute market is valued at USD 910.50 Million in 2015 and is projected to reach USD 1.21 Billion by 2020 at a CAGR of 5.92%. The market is segmented by application, by component, and by type. As compared to other mechanisms during small war contingency operations, airborne forces play a pivotal role by jumping in a battalion or brigade in a moment’s notice and being operation ready overnight. Other alternative units will require an airstrip, equipment loading capabilities, and helicopters in such situations, that may take a week or two.
The shooting ranges market has great potential to grow,The market is projected to reach $1,080 Million by the end of 2020, at a projected CAGR of 8.35% from 2015 to 2020. This report provides qualitative and quantitative information about the shooting ranges market. IT identifies the market application gaps, emerging technologies, the need for new product launches, and high potential geographic regions and countries.
The global light weapons market is estimated to be $9.62 billion in 2014 and is expected to register a CAGR of 4.48% to reach $12.51 billion by 2020. The global heavy machine guns market is estimated to be $1.07 million in 2014 and is expected to register a CAGR of 5.90% to reach $1.52 billion in 2020. The global light weapons market in Latin America is estimated to be $431.04 million in 2014 and is expected to register a CAGR of 5.32% till 2020. The global unguided weapons market is estimated to register a CAGR of 4.05% from 2014 to 2020.
The report provides an in-depth analysis of the top 10 defense spending. It provides information about the current trends in the market with respect to geographies, countries, platforms, and applications market scenario. The top 10 defense spending is estimated to be $ 1,160.58 billion in 2014, and is expected to register a CAGR of 7.07%, to reach $1,748.46 billion in 2020
The multi-function display market is estimated to be $8.92 Billion in 2014 and is projected to register a CAGR of 9.12% to reach $15.06 Billion by 2020. The major players in this market are Rockwell Collins, Elbit Systems, Honeywell Aerospace, Barco N.V., Garmin Ltd, Raymarine (FLIR), Samtel Group, Universal Avionics, and Esterline Technologies Corporation.