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In-Depth Analysis of the Defense Support and Auxiliary Equipment Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Defense Support and Auxiliary Equipment Market Size
The market size for defense support and auxiliary equipment has experienced robust growth over the recent years. The value of the market is projected to increase from $149.58 billion in 2024 to $158.91 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. Factors such as defense budgets, geopolitical tensions, maintenance and upgrades, global terrorism, and peacekeeping missions have contributed to this substantial growth in the historic period.
In the coming years, the defense support and auxiliary equipment market is anticipated to experience robust growth. The market is projected to expand to a value of $200.79 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%. The growth during the forecast period is likely due to factors such as emerging technologies, modernization initiatives, response to climate change and disasters, global security challenges, and international collaborations. The primary trends predicted for the forecast period include electrification and lightweighting, the use of advanced materials, additive manufacturing, digitalization and connectivity, as well as collaborations and partnerships.
What Is Driving the Growth Trajectory of the Defense Support and Auxiliary Equipment Market?
The augmentation of defense budgets is forecasted to boost the expansion of the defense support and auxiliary equipment market in the future. When referring to defense spending, it's about fiscal allocation made by governments towards reinforcement of their military forces and defense activities. This funding is crucial for governmental investments in research and development initiatives tied to defense support and auxiliary tools. Furthermore, it encompasses expenses related to the upkeep, refurbishment and enhancement of current defense support and auxiliary hardware. For example, data provided by the UK Parliament's House of Commons Library, a Government agency in the UK, suggests that UK defense funding will escalate to about £56.9 billion, equivalent to around $70.5 billion during the fiscal year of 2024/25. This is predicted to further heighten to nearly £59.8 billion (roughly $73.9 billion) in the financial year of 2025/26. Consequently, the rise in defense expenditure is fueling the expansion rate of the defense support and auxiliary equipment market.
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Which Leading Companies Are Shaping the Growth of the Defense Support and Auxiliary Equipment Market?
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.
What Are the Major Trends Shaping the Defense Support and Auxiliary Equipment Market?
Leading corporations in the defense support and auxiliary equipment market are strategically working on the creation of locally manufactured submarines to achieve a competitive advantage in the industry. Essentially, a domestically constructed submarine is one that is designed, developed, and built within a country's boundaries, without the need for foreign technological input or expertise. A submarine is a crucial element of the defense auxiliary equipment, its role primarily constituting the protection of naval entities and other resources from adverse maritime attacks. The East Asian nation of Taiwan unveiled its first homegrown submarine in September 2023, marking a significant milestone in the renewal of an aging naval ability. Named Hai Kun, in honor of a mythical fish in Chinese folklore, the diesel-electric attack submarine was launched in Kaohsiung, a southern city, at the CSBC (China Shipbuilding Corporation) Shipyard. The submarine has been installed with digital sonar systems, integrated warfare systems, and additional equipment systems, inclusive of periscopes.
What Are the Key Segments of the Defense Support and Auxiliary Equipment Market?
The defense support and auxiliary equipment market covered in this report 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
Subsegments:
1) By Military Radars: Airborne Radars, Ground-Based Radars, Naval Radars, Space-Based Radars, Other Military Radars
2) By Military Satellites: Communication Satellites, Reconnaissance Satellites, Navigation Satellites, Earth Observation Satellites, Other Military Satellites
3) By Other Defense Support And Auxiliary Equipment: Military Communication Equipment, Military Sensors And Detectors, Defense Logistics Equipment, Military Transport Vehicles, Other Defense Support Equipment
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Which Region Dominates the Defense Support and Auxiliary Equipment Market?
North America was the largest region in defense support and auxiliary equipment market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the defense support and auxiliary equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Defense Support and Auxiliary Equipment Global Market Report?
- Market Size Analysis: Analyze the Defense Support and Auxiliary Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Defense Support and Auxiliary Equipment 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 Defense Support and Auxiliary Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Defense Support and Auxiliary Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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