Key Strategic Trends and Emerging Changes Shaping the Defense Market Landscape

The defense market is on track for substantial expansion as global security needs intensify and technological advancements accelerate. With increasing investments in modernizing military assets and integrating cutting-edge systems, this sector is expected to experience significant growth through 2030. Below, we explore the market size, key players, emerging trends, and important segments shaping the future of defense.

Expected Growth Trajectory and Market Size of the Defense Industry
The defense market is projected to grow robustly, reaching a valuation of $739.43 billion by 2030, driven by a compound annual growth rate (CAGR) of 8.0%. This growth is fueled by rising defense budgets aimed at developing next-generation platforms and the expanding use of autonomous and unmanned systems across land, sea, air, and space domains. Additional factors include advancements in space-based defense technologies-such as military satellites-and a growing emphasis on integrated command, control, and network-centric warfare capabilities. The sector is also benefiting from expansion in maintenance, repair, and overhaul (MRO) services, supported by larger and aging global military fleets. Key trends expected to influence the market include increasing demand for multi-domain defense platforms, ongoing modernization efforts across land, air, and naval forces, heightened focus on long-range strike and missile defense, and strengthening domestic defense manufacturing capacity worldwide.

Download a free sample of the defense market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25292&type=smp

Top Companies Leading the Defense Market Landscape
Several prominent corporations dominate the defense arena globally. These include Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corp, General Dynamics, The Boeing Company, BAE Systems plc, L3Harris Technologies, Leonardo SpA, Thales Group, Huntington Ingalls Industries Inc, and a range of others such as Excel Laser Technology Private Limited, Prakash Laser, Infrared Optics, Kalaimakal Systems Private Limited, Baoding Triangel Rsd Electronics Technology Limited, Beijing Be-Better Technology Co., Ltd, Shanghai Zhangjiagang Baorui Machinery Co., Ltd, Guangzhou Blixun Electronics Co., Ltd, Xi'an Lonn M&E Equipment Co., Ltd, General Atomics Aeronautical Systems, Elbit Systems Ltd, AeroVironment, China South Industries Group (CSGC), China Aerospace Science and Industry Corporation (CASIC), China North Industries Group Corporation Limited (Norinco), Changhe Aircraft Industries Corporation, Shenyang Aircraft Corporation, Babcock International, BMARC, BMT Group, CBI Explosives Industry Group, HSE Explosives, Chemring Energetics UK Ltd, Orica UK Ltd, CES Advanced Composites UK Ltd, Conjay Collectors Ammunition Company Ltd, Societe Suisse des Explosifs, SSE Group, BIAZZI SA, Almaz-Antey, United Aircraft Corporation, Tactical Missiles Corporation, Russian Helicopters, Uralvagonzavod, United Shipbuilding Corporation, Advanced Composites Solutions, AEL Sistemas, Aeromot, Agrale, Airship do Brasil, Telespazio, ARSAT, Airbus SE, Saudi Arabian Military Industries (SAMI), Advanced Electronics Company, Abu Dhabi Ship Building (ADSB), DragonFly Aerospace, Armscor, Atlantis Diesel Engines, Atlas Aircraft Corporation, and OneWeb.

Significant Acquisition Enhancing Capabilities in Defense Manufacturing
In December 2024, Rheinmetall, a defense firm based in Germany specializing in military vehicle systems and components, completed the acquisition of Loc Performance Products for $950 million. This strategic move enhances Rheinmetall's manufacturing footprint in the United States, particularly in the production of military vehicle components. By combining Rheinmetall's advanced vehicle technology with Loc Performance Products' expertise, the company aims to strengthen its global defense offerings and expand its influence in the military vehicle market.

View the full defense market report:
https://www.thebusinessresearchcompany.com/report/defense-aircraft-materials-global-market-report

Autonomous Fighter Jets as a Transformative Trend in Air-Based Defense
One of the most notable trends in the air-based defense sector is the growing development of autonomous fighter jets. These aircraft operate without human pilots, enabling extended flight durations and advanced threat detection capabilities. Equipped with sophisticated sensors, autonomous jets can gather critical intelligence, jam enemy electronics, and neutralize airborne threats effectively. This technological advancement marks a shift toward highly efficient, next-generation combat aircraft.

Innovative Technologies Boosting Airborne Defense Capabilities
For example, in October 2024, Leonardo, an Italy-based multinational company focused on aerospace, defense, and security, introduced BriteStorm. This system offers stand-in jamming functionality designed to disrupt a range of enemy threats from the air. Its versatility allows it to be deployed on various platforms and integrated with multiple UAV types, providing militaries with adaptable deployment options. Additionally, BriteStorm uses digital deception techniques to confuse enemy radar by generating false aircraft signatures, making it harder for adversaries to distinguish real targets.

Detailed Overview of Defense Market Segments
The defense market is segmented as follows:
1) By Type: Air-Based Defense Equipment, Sea-Based Defense Equipment, Land-Based Defense Equipment, Defense Equipment Maintenance, Repair and Overhaul (MRO) Services, and Defense Support and Auxiliary Equipment.
2) By Operation: Autonomous Defense Equipment and Manual Defense Equipment.
3) By Platform: Airborne, Land, and Naval.

Further breakdown of segments includes:
- Air-Based Defense Equipment consisting of Combat Aircraft, Unmanned Aerial Vehicles (UAVs) or Drones, Air Defense Systems, Helicopters, and Surveillance and Reconnaissance Aircraft.
- Sea-Based Defense Equipment covering Naval Vessels, Amphibious Assault Ships, Maritime Patrol Aircraft, Naval Weapon Systems, and Mine Countermeasure Vessels.
- Land-Based Defense Equipment featuring Armored Vehicles, Artillery Systems, Infantry Fighting Vehicles (IFVs), Military Trucks and Logistics Vehicles, and Ground-based Missile Systems.
- Defense Equipment Maintenance subdivided into Scheduled Maintenance, Unscheduled Maintenance, Technical Support Services, Logistics Support, and Fleet Management.
- Repair and Overhaul Services including Component Repair, Engine Overhaul, Avionics Repair, Structural Repair, and Systems Integration and Testing.

This comprehensive segmentation offers a clear picture of the complex defense market landscape and the various facets contributing to its ongoing growth and innovation.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow 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

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.