Press release
Defense Support and Auxiliary Equipment Market Covid-19 Impact to Showing Impressive Growth by 2030 | Covid 19 Impact and Recovery
Defense Support and Auxiliary Equipment Market
The global defense support and auxiliary equipment market is expected to decline from $118 billion in 2019 to $110.2 billion in 2020 at a compound annual growth rate (CAGR) of -6.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 3% from 2021 and reach $120.3 billion in 2023.
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The defense support and auxiliary equipment market consists of sales of support and auxiliary equipment for defense by entities (organizations, sole traders and partnerships) that manufacture support and auxiliary equipment for defense including equipment such as radar, satellites, sonars and other equipment.
Use of passive radars are gaining traction in the market due to its advantages across wide range of defense and civil applications and cost effectiveness . Passive radars use the existing electromagnetic signals from the atmosphere to support imaging and tracking capabilities, whereas the regular/active radar sends out electromagnetic signals to the target and receives reflected signals from the target. Passive radars use ambient radio signals for tracking and surveillance and are less expensive to operate. Some of the examples of passive radar systems are Silent Sentry by Lockheed Martin, Celldar by Roke Manor Research Limited, and Homeland Alerter 100 by Thales Group.
Defense Support and Auxiliary Equipment Market Segmentation:
By Type
1.Military Radars
2.Military Satellites
3.Other Defense Support and Auxiliary Equipment
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Defense Support and Auxiliary Equipment Market Characteristics
4. Defense Support and Auxiliary Equipment Market Product Analysis
5. Defense Support and Auxiliary Equipment Market Supply Chain
....
21. Key Mergers And Acquisitions In The Defense Support and Auxiliary Equipment Market
22. Market Background: Defense Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the defense support and auxiliary equipment market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the defense support and auxiliary equipment market are The Boeing Company, United Technologies Corporation, General Dynamics Corp, GE Aviation, Northrop Grumman Corp
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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