Ground Defense Systems Market: Unmanned Operations To Exceed CAGR By 6.5% In The Period 2021-2030
[307 Pages] The ground defense systems market will reach $ 79,168.14 million in 2030; Military use to achieve 6.5% CAGR: Unmanned operation to achieve 6.5% CAGR.
PORTLAND, ORAGON, USA, September 30, 2021 /EINPresswire.com/ – According to a recent report published by Allied Market Research, titled “Ground Defense Systems Market by Application, Operation and End User: Analysis and Industry Opportunity Global Forecast, 2021-2030 ”, the global ground defense systems market was valued at $ 48.56 billion in 2020 and is expected to reach $ 79.16 billion by 2030, registering a CAGR of 5.2% .
Asia-Pacific dominates the market in terms of revenue, followed by North America, Europe and LAMEA. The United States dominated the global land defense systems market share in North America in 2020, due to increased R&D activities; technological developments of key players; rapid adoption of innovative technologies for the manufacture of reliable, precise and efficient ground defense systems. North America is expected to grow at a significant rate during the forecast period, due to the increased adoption of the ground defense system as well as its huge defense spending and the presence of large manufacturers. defense equipment such as BAE Systems Plc., Northrop Grumman Corporation and Raytheon Technologies Corporation.
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By Application, the ground defense systems market is divided into combat, logistics and transport, surveillance and reconnaissance, intelligence and data warfare, training, and others. The combat segment accounted for the highest revenue in 2020, due to the high demand for combat ground defense systems as they are critical to the success of military operations.
Based on operation, the market is divided into manned and unmanned. The manned segment generated the highest revenues in 2020, due to the strong demand for a number of precise, long and short range manned weapon systems, armored vehicles and other equipment to protect national assets. in the whole world.
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According to the end user, the ground defense systems market is fragmented into defense intelligence, military and law enforcement. The military segment was the biggest contributor to revenue in 2020, due to increased defense spending for the modernization of military forces around the world.
Covid-19 impact assessment
The impact of COVID-19 on the ground defense systems market is unpredictable and is expected to remain in effect until the second quarter of 2021.
The COVID-19 outbreak has forced governments around the world to put in place strict containment measures and ban the import and export of raw materials for most of 2020. This resulted in a sudden drop in the availability of important raw materials for the manufacture of land defense equipment.
Additionally, nationwide shutdowns have forced parts manufacturing facilities to partially or completely shut down their operations.
The negative impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding the development of modern land defense systems on a global scale.
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Main conclusions of the study
By application, the combat segment is expected to register significant growth during the forecast period.
On an operations basis, the unmanned segment is expected to show significant growth in the future.
According to the end user, the military segment is expected to dominate the global ground defense systems market.
Regarding regions, North America is expected to register the highest CAGR during the forecast period.
The major players operating in the global ground defense systems market include BAE Systems plc, Israel Aerospace Industries Ltd., Kongsberg Gruppen ASA, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Rheinmetall AG, and Thales Group.
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to be successful. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.
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