New year, new updates! Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact:
The Defense Global Market Report 2020-30 by The Business Research Company describes and explains the global defense market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Defense Global Market Report 2021 covers defense market drivers, defense market trends, defense market segments, defense market growth rate, defense market major players, and defense market size.
The defense market report provides an in-depth analysis of the impact of COVID-19 on the global defense industry, along with revised market numbers due to the effects of the coronavirus and the expected defense market growth numbers 2021-2030.
Defense Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global defense market is expected to grow from $438.34 billion in 2020 to $446.59 billion in 2021 at a compound annual growth rate (CAGR) of 1.9%. The market is expected to reach $542.33 billion in 2025 at a CAGR of 5%.
The report covers the defense market’s segments-
1) By Type: Air based Defense Equipment, Sea based Defense Equipment, Land based Defense Equipment, Defense Equipment Maintenance, Repair and Overhauling Services, Defense Support and Auxiliary Equipment
2) By Operation: Autonomous Defense Equipment, Manual
Subsegments Covered: Fighter Aircrafts, Military Helicopters, Military Gliders and Drones, Battle Force Ships (Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support crafts), Submarines (including Nuclear Submarines), Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons, Air based Defense Equipment MRO Services, Water based Defense Equipment MRO Services, Land based Defense Equipment MRO Services, Military Radars, Military Satellites, Other Defense Support and Auxiliary Equipment
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