The Ground Defense System Global Market Report 2023, provides comprehensive information on the ground defense system market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global ground defense system market size is expected to grow from $49.45 billion in 2022 to $52.96 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ground defense system market is expected to reach $65.79 billion in 2027 at a CAGR of 5.6%.
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Technological advancement is the key trend gaining popularity in the ground defense system market. Major companies operating in the ground defense system market are focusing on developing new technologies. For instance, in December 2021, Thales, a France-based provider of smart technologies, launched XTRAIM, a Day/night de camouflage capability. The unique feature of XTRAIM is its reflex red-dot sight with thermal imaging technology, which offers dependable target de-camouflage capabilities both during the day and at night. It offers users an unmatched level of precision night-firing capabilities and is compatible with all shoulder-fired assault rifles (HK416) and light machine guns (Minimi). In both symmetric and asymmetric combat scenarios, the XTRAIM sight offers a clear operational advantage.
The ground defense system market is segmented:
1) By Component: Products, Services
2) By Technology: Artificial Intelligence, 3D Printing, Internet of Things, Wearable Devices, Other Technologies
3) By Operation: Manned, Unmanned
4) By Application: Logistics And Transportation, Surveillance And Reconnaissance, Cyber Security, Explosive Ordinance Disposal (EOD), Intelligence And Data Warfare, Combat Simulation, Training And Health Monitoring, Other Applications
5) By End-User: Defense Intelligence, Military, Law Enforcement
North America was the largest region in the ground defense system market in 2022.
The table of contents in TBRC’s ground defense system market report includes:
- Executive Summary
- Ground Defense System Market Characteristics
- Ground Defense System Market Trends And Strategies
- Ground Defense System Market – Macro Economic Scenario
- Ground Defense System Market Size And Growth
- Ground Defense System Market Segmentation
- Ground Defense System Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Ground Defense System Market
- Ground Defense System Market Future Outlook and Potential Analysis
- Appendix
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