Press release
Future of Land based Defense Equipment Market: Size, Share & Forecasts to 2029
Land based Defense Equipment Market
What Is the Projected Market Size Valuation of the Land based Defense Equipment Market by 2025?
Over the past few years, the size of the land-based defense equipment market has exhibited solid growth. It is projected to expand from $43.32 billion in 2024 to $46.33 billion in 2025, attaining a compound annual growth rate (CAGR) of 6.9%. The expansion during the historical period can be attributed to increased military budgets, heightened geopolitical tensions, changes in threat landscape, strategic alliances, and operational requirements.
What Is the Estimated Market Growth Value for the Land based Defense Equipment Industry in 2029?
The market size for land-based defense equipment is projected to experience robust growth in the coming years, escalating to a size of $62.02 billion in 2029, with a compound annual growth rate (CAGR) of 7.6%. This expected expansion throughout the forecast period can be credited to factors such as escalating threats, budget appropriations, worldwide security context, international cooperation, and modernization tactics. Dominant trends anticipated during this period encompass cybersecurity anxieties, technological breakthroughs, advances in technology, electrification alongside hybridization, and the use of unmanned systems and robotics.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/land-based-defense-equipment-global-market-report
What Are the Growth Drivers and Opportunities in the Land based Defense Equipment Market?
Anticipated economic expansion in developing economies is set to bolster the land-based defense equipment market. As an outcome of growth in such economies, increasing disposable income has sparked a surge in defense equipment demand. For example, the Indian Development Update (IDU), a World Bank report, noted in September 2024, that India's economy, which expanded by an impressive 8.2 percent in FY23/24, is anticipated to sustain robust expansion of 7 percent in FY24/25, with the robust growth expected to persist through FY25/26 and FY26/27. This economic ascent is poised to drive the sea-based defense equipment market throughout the forecasted period.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2110&type=smp
What Are the Primary Segments Covered in the Global Land based Defense Equipment Market Report?
The land based defense equipment market covered in this report is segmented -
1) By Type: Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons
2) By Operation: Autonomous Land based Defense Equipment, Manual
3) By Application: Military, Law Enforcement
Subsegments:
1) By Armored Vehicles: Infantry Fighting Vehicles (IFVs), Armored Personnel Carriers (APCs), Mine-Resistant Ambush Protected (MRAP) Vehicles, Armored Cars And Transport Vehicles
2) By Missiles: Anti-Tank Guided Missiles (ATGMs), Surface-To-Air Missiles (SAMs), Tactical Ballistic Missiles, Cruise Missiles
3) By Tanks: Main Battle Tanks (MBTs), Light Tanks, Armored Reconnaissance Vehicles, Tank Destroyers
4) By Small Arms And Light Weapons: Rifles, Submachine Guns, Shotguns, Light Machine Guns (LMGs), Handguns, Grenades And Launcher Systems
What Are the Top Growth Trends in the Land based Defense Equipment Market?
The utilization of CornerShot rifles in the defense sector is on the rise. These weapons, equipped with a steel hinge, can bend around corners, enabling the user to attack targets without revealing their location. They come with a high-definition camera and LCD monitor to facilitate navigation around corners. These rifles are predominantly used in armored vehicles and tanks' turrets, offering a comprehensive 360-degree coverage while ensuring the safety of the shooter inside the vehicle. Depending on the weapon type, the CornerShot can accurately and effectively hit targets at a range of 100 to 200 meters, thereby eliminating the need for initial exposure.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=2110&type=smp
Which Companies Are Shaping the Future of the Land based Defense Equipment Market?
Major companies operating in the land based defense equipment market include China North Industries Group Corporation Limited, Raytheon Company, Lockheed Martin Corporation, Hanwha Corporation, General Dynamics Corporation, Northrop Grumman Corporation, Mitsubishi Heavy Industries Ltd., BAE Systems plc, Thales Group, Leonardo S.p.A., Oshkosh Corporation, Science Applications International Corporation (SAIC), Rheinmetall AG, Elbit Systems Ltd., Larsen & Toubro Limited, Bharat Electronics Limited, Hyundai Rotem Company, Uralvagonzavod, RUAG Group, IVECO Defence Vehicles, Nexter Group, Patria Oyj, FNSS Savunma Sistemleri A.S., Navistar Defense LLC, Denel SOC Ltd, Israel Aerospace Industries Ltd., Krauss-Maffei Wegmann GmbH & Co. KG, Otokar Otomotiv ve Savunma Sanayi A.S., Paramount Group, Plasan Sasa Ltd., Rafael Advanced Defense Systems Ltd., Rostec State Corporation, ST Engineering, Tata Motors Limited, Ukroboronprom
Which Region Holds the Largest Market Share in the Land based Defense Equipment Industry?
Asia-Pacific was the largest region in the land-based defense equipment market in 2024. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the land based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Future of Land based Defense Equipment Market: Size, Share & Forecasts to 2029 here
News-ID: 4253987 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Innovation and Growth in the Courier, Express, and Par …
The courier, express, and parcel (CEP) industry is positioned for remarkable growth as consumer needs and technology continue to evolve rapidly. With rising expectations for faster and more convenient delivery, this sector is adapting through new innovations and expanding service models. Let's explore the current market size, key players, emerging trends, and how the industry is segmented to better understand the future trajectory of the CEP market.
Predicted Expansion of the…
Key Strategic Developments and Emerging Changes Shaping the Semi-Trailer Market …
The semi-trailer market is on the verge of significant expansion as evolving technologies and infrastructure improvements drive demand. With a growing emphasis on sustainability and digital solutions, this sector is set to transform the landscape of freight transportation over the next several years. Let's explore the market size projections, leading companies, prevailing trends, and the key segments defining this industry.
Forecasted Growth and Size of the Semi-Trailer Market
The semi-trailer…
In-Depth Examination of Segments, Industry Developments, and Key Players in the …
The autonomous vehicle market is rapidly evolving and is set to become a key player in the future of transportation. With increasing technological advancements and growing consumer interest in safer and more efficient travel options, this sector is poised for remarkable growth. Let's explore the market's size, key drivers, influential companies, notable trends, and the main segments shaping its trajectory.
Projected Market Size and Future Growth of the Autonomous Vehicle Market…
Leading Companies Fueling Innovation and Growth in the Advanced Air Mobility Mar …
The advanced air mobility sector is poised for remarkable expansion in the coming years, driven by rapid technological advances and increasing urban transportation demands. As cities worldwide seek innovative transit solutions, this market is gaining traction and attracting significant investments. Here's an in-depth look at the market size, key players, emerging trends, and the main segments shaping its future.
Projected Growth and Market Size of the Advanced Air Mobility Market …
More Releases for Defense
Virtual Reality in Aerospace & Defense Market Virtual Reality in Aerospace & Def …
The global virtual reality (VR) market in aerospace and defense is estimated to be valued at approximately $8.4 billion in 2024, with expectations to around $20.7 billion by 2034, signifying a robust Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period from 2025 to 2034.
The latest report Virtual Reality in Aerospace & Defense Market Share, Size, Growth, Opportunities, and Forecast 2025-2034 This report offers a new perspective…
Elliott Derzaph, Renowned Self-Defense Instructor, Launches His Latest Book "Wom …
Image: https://www.getnews.info/wp-content/uploads/2024/08/1724155810.png
Self-defense training is about the knowledge of how fighting works and how to survive. Women will learn how to utilize their internal power to develop autonomy, confidence, and empowerment. Real World Techniques were designed to teach practical, real-world defense that can be used in a variety of situations.
Los Angeles, California - August 21, 2024 - Women have traditionally shied away from situations where their self-defense [https://consciousdefense.com/] may be…
Missile Defense System Market is in huge demand | Almaz Antey, Kongsberg Defense …
Global Missile Defense System Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to…
Defense Siren Review 2023 (Defense Siren Must Read!) : Shocking Price About Defe …
In the United States of America, thousands of crimes are reported every day. You name it: mugging, theft, sexual assault, and murder. Some of these crimes are reported in the daily newspaper and on news programs.
After reading and watching the news, it's normal to worry about your family. Anytime, anywhere, you or your family could be attacked while driving. Thus, it's crucial to always remain vigilant. However, being aware is…
Door Defense Review 2022: (Buyers Beware!) Is Door Defense Actually Working?
The last thing anyone wants to think about when they are traveling is their security and privacy.
Door Defense provides consumers with a highly portable, secure solution in this regard that can be used in any hotel, Airbnb, dorm, or hostel.
It is also important to remember that even if the product may not be a failsafe defense against every invasion or incursion attempt, it at least gives them a…
Aircraft Communication System Market Global Report 2020 – Rockwell Collins Avi …
Aircraft communication systems use analogue voice and digital data for communication between pilots, members of the crew and passengers during flight. These devices are also used for communication between aircraft. Aircraft communication systems are used to facilitate communications between aircraft and ground units and vice versa.
Get In Depth Sample With Description, Graphs And Charts: https://www.a2zmarketresearch.com/sample?reportId=151555
Aircraft communication system offered by different manufacturers have also been taken into consideration to determine…
