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Defense Market, Consumption, Production, Imports, Exports, Company Analysis, 2023-2032

Defense Market

Defense Market

As per The Business Research Company's Defense Opportunities And Strategies Market Report 2023, The defense market size reached a value of nearly $474.69 billion in 2021, having grown at a compound annual growth rate (CAGR) of 4.0% since 2016. The market is expected to grow from $474.69 billion in 2021 to $687.84 billion in 2026 at a rate of 7.7%. The defense market size is then expected to grow at a CAGR of 4.0% from 2026 and reach $838.03 billion in 2031.

Government initiatives have been the major driver in the forecast period, Governments of various countries such as India, China and others are initiating several initiatives for the growth of defense. Increasing government funding for military drones is also helping the market growth. Growing government funding initiatives and support for military equipment to improve military operations efficiency boosts demand for various equipment production, contributing to the growth of the defense market.

View Complete Report @
https://www.thebusinessresearchcompany.com/report/defense-market

The adoption of unmanned combat vehicles is one of the major trends in the defense market. An unmanned combat vehicle is a machine or motorized vehicle that runs without any physical human intervention.

The top opportunities in the defense market segmented by type will arise in the air-based defense equipment segment, which will gain $89.1 billion of global annual sales by 2026. The top opportunities in the air-based defense equipment market segmented by type will arise in the fighter aircrafts segment, which will gain $51.3 billion of global annual sales by 2026. The top opportunities in the sea-based defense equipment market segmented by type will arise in the battle force ships (aircraft carriers, frigates, destroyers, corvettes, torpedo boats, support crafts) segment, which will gain $17.5 billion of global annual sales by 2026.

Defense Market Segmentation:
The Defense market is segmented by type, By Operation, By Platform.

By Type -
a) Air-Based Defense Equipment
b) Sea-Based Defense Equipment
c) Land-Based Defense Equipment
d) Defense Equipment Maintenance, Repair And Overhauling Services
e) Defense Support And Auxiliary Equipment

By Operation -
a) Autonomous Defense Equipment
b) Manual

By Platform -
a) Airborne
b) Land
c) Naval

Major players in the Defense market include Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corp, General Dynamics, The Boeing Company.

The regions covered in the global Defense market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Download FREE SAMPLE Report - https://www.thebusinessresearchcompany.com/sample_request?id=8396&type=smp

The latest report from The Business Research Company, 'Global Defense Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Defense Market Report Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
……
24. Key Mergers And Acquisitions
25. Market Background: Aerospace & Defense Market
26. Market Opportunities And Strategies
27. Defense Market, Conclusions And Recommendations
28. Appendix

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https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8396

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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

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