Press release
Global Air Based Defense Equipment Market is Expected To Grow to $279.66 Billion at a CAGR of 6.2%. By 2027 | Lockheed Martin Corporation, Airbus Group SE, The Boeing Company, Leonardo SpA, Bae Systems plc
Air Based Defense Equipment Market
The Business Research Company's Air Based Defense Equipment Global Market Report 2023 identifies Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in the air-based defense market, thus driving the market during the forecast period.
The global air based defense equipment market grew from $201.76 billion in 2022 to $219.56 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. 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 air based defense equipment market is expected to grow to $279.66 billion in 2027 at a CAGR of 6.2%.
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Major competitors in the Air Based Defense Equipment market are Lockheed Martin Corporation; Airbus Group SE; The Boeing Company; Leonardo SpA; Bae Systems plc; Raytheon Technologies Corporation; Honeywell International Inc.; Northrop Grumman Corp; Rostec State Corporation; Textron Inc.
Uncertainty about government stability and policies affects the import of raw materials required for manufacturing aircraft parts, creating a negative impact on the air-based defense equipment market. Uncertainties about government policies brought about by the cancellation of trade agreements cause companies to decrease their import volumes to keep expenditures at the levels of previous years or to increase prices of finished products due to increased costs.
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The Air Based Defense Equipment Market Is Segmented -
• By Type: Fighter Aircrafts, Military Helicopters, Military Gliders and Drones
• By Operation: Autonomous Air based Defense Equipment, Manual
• By Component: Weapon System, Fire Control System, Command and Control System, Others
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Air Based Defense Equipment market.
The Business Research Company's "Global Air Based Defense Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Air Based Defense Equipment Market Include:
1. Executive Summary
2. Air Based Defense Equipment Market Characteristics
3. Air Based Defense Equipment Market Trends And Strategies
4. Air Based Defense Equipment Market - Macro Economic Scenario
5. Air Based Defense Equipment Market Size And Growth
.....
26. Africa Air Based Defense Equipment Market
27. Air Based Defense Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Air Based Defense Equipment Market
29. Air Based Defense Equipment Market Future Outlook and Potential Analysis
30. Appendix
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