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Ground Defense System Market Insights: Key Trends & Strategic Approaches || BAE Systems PLC., Lockhead Martin Corporation, Northrop Grumman Corporation, Thales Group
Ground Defense System Market Report 2023
The Business Research Company's Ground Defense System Global Market Report 2023 the rising demand for cyber security is driving the growth of the ground defense system market. Furthermore, according to Cybercrime Ventures, a US-based cybercrime researcher, the cost of cybercrime will increase by 15% yearly, reaching $10.5 trillion USD annually by 2025 from $3 trillion USD in 2015, also there will be 3.5 million unfilled cybersecurity jobs globally in 2023.
The global ground defense system market size is expected to grow from $49.45 billion in 2022 to $52.96 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. 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 global ground defense system market is expected to reach $65.79 billion in 2027 at a CAGR of 5.6%.
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Major competitors in the ground defense system market are BAE Systems PLC., Lockhead Martin Corporation, Northrop Grumman Corporation, Thales Group, Israel Aerospace Industries Ltd., Kongsberg Gruppen, MBDA Missile Systems Inc., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Rheinmetall AG, Boeing Co, Elbit Systems Ltd., Leonardo S.p.A., General Dynamics Corporation and CNH Industrial N.V.
A key trend in the ground defense system market includes technological advancements. Major companies operating in the ground defense system market are focusing on developing new technologies. For instance, in December 2021, Thales, a France-based provider of smart technologies, launched XTRAIM, a Day/night de camouflage capability.
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The ground defense system market is segmented -
• By Component: Products, Services
• By Technology: Artificial Intelligence, 3D Printing, Internet of Things, Wearable Devices, Other Technologies
• By Operation: Manned, Unmanned
• By Application: Logistics And Transportation, Surveillance And Reconnaissance, Cyber Security, Explosive Ordinance Disposal (EOD), Intelligence And Data Warfare, Combat Simulation, Training And Health Monitoring, Other Applications
• By End-User: Defense Intelligence, Military, Law Enforcement
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the ground defense system market
The Business Research Company's "Global Ground Defense System 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 Ground Defense System Market Include:
1. Executive Summary
2. Ground Defense System Market Characteristics
3. Ground Defense System Market Trends And Strategies
4. Ground Defense System Market - Macro Economic Scenario
5. Ground Defense System Market Size And Growth
……………
27. Ground Defense System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ground Defense System Market
29. Ground Defense System Market Future Outlook And Potential Analysis
30. Appendix
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