Ground Defense System Market Global Growth, Size, Trends, Industry Analysis, Key Players by 2030

The global ground defense system market generated $48.56 billion in 2020, and is estimated to reach $79.16 billion in 2030, witnessing a CAGR of 5.2% from 2021 to 2030.

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Rise in investments to develop autonomous weapons and surge in demand for multi-role armored vehicles drive the growth of the global ground defense system market. However, high costs of ground defense systems hinder the market growth. On the other hand, surge in investments for robotics technologies in unmanned ground vehicles and rise in defense spending across the world present new opportunities in the coming years.

Increase in investments to develop autonomous weapons throughout the world and surge in demand of multi-role armored vehicles are expected to drive the ground defense system market during the forecast period. However, high cost associated with the ground defense systems is anticipated to hamper the growth of the market. Conversely, increase in investment for robotics technologies in unmanned ground vehicles and rise in defense spending globally are expected to offer lucrative opportunities for the market growth in the near future.

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Covid-19 Scenario of Ground Defense System Market:

During the Covid-19 pandemic, manufacturing of ground defense systems was halted due to lockdown and disrupted supply chain that led to lack of raw material supply.
In addition, the defense systems manufacturers and service providers needed to lower down their R&D investments and halt business expansion strategies to cope up with the decline in revenue and operating performance.
The considerable delays in purchase orders also created major challenges for the ground defense system market in maintain revenue streams.

Asia-Pacific dominates the market, in terms of revenue, followed by North America, Europe, and LAMEA. The U.S. dominated the global ground defense system market share in North America in 2020, owing to increase in R&D activities; technological developments by key players; rapid adoption of innovative technologies in making reliable, precise, and efficient ground defense systems. North America is expected to grow at a significant rate during the forecast period, owing to rise in adoption of ground defense system along with its huge defense spending and the presence of major defense equipment manufacturers such as BAE Systems Plc., Northrop Grumman Corporation, and Raytheon Technologies Corporation.

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Leading players of the global ground defense system market analyzed in the research include BAE Systems plc, Kongsberg Gruppen ASA, Israel Aerospace Industries Ltd., MBDA, Lockheed Martin Corporation, Rafael Advanced Defense Systems Ltd., Northrop Grumman Corporation, Rheinmetall AG, Raytheon Technologies Corporation, and Thales Group.

Key Findings Of The Study

By application, the combat segment is expected to register a significant growth during the forecast period.
On the basis of operation, the unmanned segment is anticipated to exhibit significant growth in future.
Depending on end user, the military segment is projected to lead the global ground defense system market.
Region wise, North America is anticipated to register the highest CAGR during the forecast period.

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