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Defense Support And Auxiliary Equipment Global Market Worth $196.56 Billion at a CAGR of 5.3% By 2028 | Key Players: Thales Group, The Boeing Company, Leidos, Leonardo SpA, ManTech International Corp.
Defense Support And Auxiliary Equipment Market
The Business Research Company's Defense Support And Auxiliary Equipment Global Market Report 2023 identifies the increasing defense spending is expected to propel the growth of the defense support and auxiliary equipment market going forward. Defense spending refers to the financial resources allocated by a government or state to support its armed forces and military activities.
The defense support and auxiliary equipment market size has grown strongly in recent years. It will grow from $154.35 billion in 2023 to $162.56 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to defense budgets, geopolitical tensions, maintenance and upgrades, global terrorism, peacekeeping missions. The defense support and auxiliary equipment market size is expected to see steady growth in the next few years. It will grow to $196.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%.
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Major companies operating in the defense support and auxiliary equipment market include Raytheon Technologies Corporation, Thales Group, The Boeing Company, Leidos, Leonardo SpA, ManTech International Corp., L3 Technologies Inc., Rostec State Corporation, Bae Systems PLC, RTX Corp, Lockheed Martin Corporation, General Dynamics Corporation, British Aerospace Engines Systems PLC, Northrop Grumman Corporation, Safran S.A, Honeywell International Inc., United Technologies Corporation, Elbit Systems Ltd., Rheinmetall AG, Harris Corporation, Cobham Ltd., Moog Inc., Meggitt PLC, Curtiss-Wright Corporation., Teledyne FLIR LLC, Ultra Electronics Holdings PLC, Esterline Technologies Corporation, Kongsberg Gruppen ASA, British Foreign & Colonial Automatic Light Controlling Company Ltd., QinetiQ Group PLC, Kratos Defense & Security Solutions Inc., AVAV - AeroVironment Inc., Textron Inc., Cubic Corp, Science Applications International Corporation.
Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in the defense market, thus driving the market during the forecast period.
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The Defense Support And Auxiliary Equipment market is segmented -
1) By Type: Military Radars, Military Satellites, Other Defense Support and Auxiliary Equipment
2) By Payload Type: Communication Payload, Navigation Payload, Imaging Payload, Others
3) By Application: Intelligence, Surveillance, and Reconnaissance (Isr), Communication, Navigation
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Defense Support And Auxiliary Equipment market.
The Business Research Company's "Global Defense Support And Auxiliary 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 Defense Support And Auxiliary Equipment Market Include:
1. Executive Summary
2. Defense Support And Auxiliary Equipment Market Characteristics
3. Defense Support and Auxiliary Equipment Product/Service Analysis -Product/Service Examples
4. Defense Support and Auxiliary Equipment Market Trends And Strategies
5. Defense Support and Auxiliary Equipment Market - Macro Economic Scenario
……
68. Global Defense Support and Auxiliary Equipment Market Competitive Benchmarking
69. Global Defense Support and Auxiliary Equipment Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Defense Support and Auxiliary Equipment Market
71. Defense Support and Auxiliary Equipment Market Future Outlook and Potential Analysis
72. Appendix
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