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Global Defense Market Growth Prospects, Future Industry Landscape 2032 | Lockheed Martin Corporation, Raytheon Technologies Corporation, The Boeing Company, Raytheon Co
Defense Market
As per the defense market report by The Business Research Company, the adoption of unmanned combat vehicles is one of the major trends in this market. An unmanned combat vehicle is a machine or motorized vehicle that runs without any physical human intervention.
The global defense market grew from $534.79 billion in 2022 to $577.19 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. 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 defense market is expected to grow to $718.12 billion in 2027 at a CAGR of 5.6%.
Read More On The Defense Market Report Here:
https://www.thebusinessresearchcompany.com/report/defense-global-market-report
Major companies in the defense market include Lockheed Martin Corporation, Raytheon Technologies Corporation, The Boeing Company, Raytheon Co, Northrop Grumman Corp, Bae Systems plc, Airbus Group SE, Leonardo SpA, Thales group, and General Dynamics.
The Defense market is segmented -
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
3) By Platform: Airborne, Land, Naval
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The defense refers to a range activities including production of air-based, sea-based, and land-based military equipment, including support and auxiliary equipment such as radar, satellites, sonars, and other auxiliary equipment, or maintain, repair, and overhaul defense equipment.
The Table Of Content For The Defense Market Include:
1. Executive Summary
2. Report Structure
3. Defense Market Characteristics
4. Defense Market Product Analysis
5. Defense Market Supply Chain
……
22. Key Mergers And Acquisitions In The Defense Market
23. Market Background: Aerospace & Defense Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer
The "Global Defense Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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