Defense Ground Support Equipment Market Size 2021 by Company, Product introduction, Sales Volume, Revenue, Price, Gross Margin and Forecast to 2027

Defense Ground Support Equipment Market Report 2021: New Business Ideas and Perceptions

The Defense Ground Support Equipment market size was US$ 372 million and it is expected to reach US$ 529.3 million by the end of 2027, with a CAGR of 5.0% during 2021-2027.

The Global Defense Ground Support Equipment Market Report 2021-2027 provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, restraints, and competitive landscape that are playing a substantial role in the Defense Ground Support Equipment market. The increasing consumer demand & spending on Defense Ground Support Equipment market is expected to drive the enormous growth over the forecast years. The comprehensive Defense Ground Support Equipment market Report will help clients to comprehend the market ups-downs and numerous different angles.

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Global Defense Ground Support Equipment Market: Segmentation Analysis-

The Global Defense Ground Support Equipment Market is Segmented on the basis of Defense Ground Support Equipment Size, Material, Defense Ground Support Equipment Type, And Geography.

Market Research Analysis On Defense Ground Support Equipment-

Electric-powered GSE is predicted to witness 3% growth rate through 2027 owing to stringent government regulations for the reduction of carbon emission or zero emissions. Growing military expenditure with extensive investments in emerging economies of APAC including China, India, and Japan is supporting the segment growth during the forecast timeframe.

 The ongoing trends in technological advancement for the development of defense ground support equipment with active investment in R&D by major players are anticipated to support the market progression. Government agencies and organizations in the region are engaged in signing strategic contracts with industry participants to provide ground support equipment.

Defense Ground Support Equipment Market, By Type-

Fixed

Mobile

Defense Ground Support Equipment Market, By Application-

Fighter Jets

Transport Aircraft

Special Mission Aircraft

Defense Ground Support Equipment Market Expansion-

The rising defense expenditure in the U.S. is one of the major growth drivers for the defense ground support equipment market. The U.S. contributed more than 35% of the global military spending in 2018 and has the largest fleet size across the globe.

 The Ground Power Unit (GPU) segment dominated more than 79% of revenue share in 2019 led by the increasing procurement of new & advanced combat aircraft and rising geopolitical tension, supporting the demand for ground power unit. In July 2019, Cummins Inc. received a contract from Robins Air Force Base for USD 8.4 million to provide BEAR Power Unit. The contract was signed for a 10-year term and under this agreement, the company will provide more than 100 units. The BEAR Power Unit is used as a prime power source for all the major air force expeditionary base.

Advancement in technology and formulations of various organizations for the development of next-generation aircraft are the major growth driver for the defense ground support equipment market in Europe. For instance, in July 2018, the UK initiated a strategic alliance with Sweden, followed by the participation of Italy for the development of next-generation fighter jets under the Tempest combat aircraft program. In June 2019, another alliance between Germany, France, and Spain was formulated termed as Future Combat Air System (FCAS) that was planned to be operational by 2040. Such initiatives taken by countries of Europe will improve the demand for highly customized mobile ground support equipment.

Acquisition of new aircraft, such as F-35, by various European countries including the UK, Belgium, the Netherlands, Norway, and Poland has created a demand for customized and mobile ground support equipment required for the operation of fighter jets. Currently, European countries are focusing on integrated and mobile ground support equipment to support the next-generation fighter jet and advanced programs for the existing fleet, propelling the demand for mobile support equipment.

Key Players In Defense Ground Support Equipment Market-

Cavotec SA, Enersys, RASAKTI, Guinault, ATEC Inc, MAK Controls & Systems Pvt Ltd, Unitron, Lp, JBT Corporation, TLD (Alvest Group), Tronair, Mulag Fahrzeugwerk, Rheinmetall AG, ITW GSE, Gate GSE, Mototok, Merlinhawk Aerospace, Kit Aero

The study accurately predicts the size and volume of the Defense Ground Support Equipment market in the present and the future. The report offers a comprehensive study of the Defense Ground Support Equipment and information about the expected future trends that will have a significant impact on the growth of the market.

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Defense Ground Support Equipment Market, By Geography-

North America
Europe
Asia pacific
Rest of the world

Our Defense Ground Support Equipment market analysis also concludes a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with the SWOT analysis.

Reasons to Purchase this Report-

Includes an in-depth analysis of the Defense Ground Support Equipment market of various perspectives through Porter’s five forces analysis.
Provides insight into the Defense Ground Support Equipment market through Value Chain Analysis.
Defense Ground Support Equipment Market dynamics scenario, along with growth opportunities of the market in the years to come.
6-month post-sales analyst support.

Here’s how Market Insights Reports helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.

Perfect Market Size Estimations: The report analyses the demographics, growth potential, and capability of the Defense Ground Support Equipment market through the forecast period.

This factor leads to the estimation of the Defense Ground Support Equipment market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular Defense Ground Support Equipment market that will help the stakeholders to be aware of the current investment scenario across the market.

Customization of the Report-

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