Press release
Ground Defense System Market: Exploring the Global Market Growth, Key Drivers and Latest Trends
Ground Defense System Market
The global ground defense market is expected to witness robust growth, expanding from $56.33 billion in 2024 to $60.53 billion in 2025 with a CAGR of 7.4%, driven by military modernization programs, threat evolution, and other factors. The market is projected to grow to $78.88 billion in 2029 at a CAGR of 6.8%, powered by advanced technologies like directed energy weapons, cybersecurity integration, and more.
What Is The Projected Market Size Of The Global Ground Defense System Market And Its Growth Rate?
- The global ground defense system market has grown significantly in recent years.
- The market is projected to grow from $56.33 billion in 2024 to $60.53 billion in 2025 at a CAGR of 7.4%.
- The growth from 2024 to 2025 can be attributed to factors such as military modernization programs, evolution of threats, geopolitical tensions, focus on urban warfare, and budget allocations.
- The market is expected to continue its strong growth trajectory, growing to $78.88 billion in 2029 at a CAGR of 6.8%.
- The anticipated growth in the forecast period is expected to be driven by the adoption of directed energy weapons, rise in unconventional threats, modular and scalable systems, cybersecurity integration, integrated command and control systems.
What Is Driving The Growth In The Ground Defense System Market?
The growth in the ground defense system market is being driven by the rising demand for cybersecurity. This involves safeguarding computers, servers, and other devices, as well as networks and data, from harmful attacks. Cybersecurity is essential for supporting ground defense systems during battles and protecting their networks from adversaries during peacetime. For example, Cybercrime Ventures predicts that the cost of cybercrime will increase by 15% yearly, reaching $10.5 trillion USD annually by 2025. This mounting demand for cybersecurity reflects the impact on the growth of the ground defense system market.
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Who Are the Key Players Driving Ground Defense System Market Growth?
- 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.
What Are The Key Trends In The Ground Defense System Market?
Key trends include:
- Shift towards network-centric warfare
- Focus on mobility and maneuverability
- Integration of artificial intelligence
- Electromagnetic spectrum dominance
- Multi-domain operations
What Are The Segments Of The Global Ground Defense System Market?
The global ground defense system market is segmented by:
- Component: Products, Services
- Technology: Artificial Intelligence, 3D Printing, Internet Of Things, Wearable Devices
- Operation: Manned, Unmanned
- Application: Logistics And Transportation, Surveillance And Reconnaissance, Cyber Security, Explosive Ordinance Disposal (EOD), Intelligence And Data Warfare
- End-User: Defense Intelligence, Military, Law Enforcement.
Which Region Leads The Ground Defense System Market?
North America was the largest region for the ground defense system market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Ground Defense System Market Global Market Report?
- Market Size Analysis: Analyze the Ground Defense System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Ground Defense System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Ground Defense System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ground Defense System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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