Market Size - USD 46.57 billion in 2019; Market Growth - CAGR of 4.8%; Market Trends -Growingadoption of Artificial Intelligence (AI) by defense intelligence agencies
The global Ground Defense System Market
size was valued at USD 46.57 billion in 2019 and is anticipated to reach USD
68.28 billion by 2027 at a CAGR of 4.8%. Data automation is the process of
updating the data on the open data portal in order to perform a specific set of
tasks programmatically, rather than manually. Automation of the data processing
has been very beneficial for long-term sustainability as the manual process
often exhibits vital errors and also takes up quite a long time in contrast to
the automated process for the large data sets.
The Global Ground Defense System Market is expected to remain a fragmented and competitive landscape, withsmall start-ups & medium enterprises and large conglomerates. In the forecast period, the risingneed for technological innovation and diversification in products available in the sectorwill create substantial growth potential for companies.
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Further key findings from the report suggest
In May 2020, BAE Systems completed the acquisition of
Airborne Tactical Radios, a part of Raytheon Technologies Corporation. The
takeover was intended to help the firm offer revolutionary electronic mission
& control solutions to customers.
The Defense Intelligence sub-segment is projected
to progress with the highest CAGR in the segment of 6.3% until 2027 owing to
its benefits in intelligence protocols, including the nextgen communication, information
fusion & data analytics, reconnaissance, surveillance, cyber control
systems, and electronic welfare & spectrum dominance.
Led by Japan, China, India, and North & South
Korea,the Asia Pacific is dedicating a substantial budget for defense grooming.
Moreover, the increasing occurrences of asymmetric welfare, interpersonal
stand-offs, economic development, and enhancement in the technology industry are
speculated to propel the enforcement of the ground defense market.
Key players in the market include BAE Systems, The
Boeing Company, Rockwell Collins, Lockheed Martin, Northrop Grumman, Elbit
Systems, Leonardo S.p.A., Thales Group, General Dynamics, and Raytheon Company,
among others.
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For the purpose of this report, Emergen Research has segmented the Global Ground Defense System Market on the basis of application, component, end-user, technology, and region:
Application Outlook (Revenue: USD
Billion; 2017-2027)
- Surveillance & Reconnaissance
- Logistics & Transportation
- Explosive Ordinance Disposal (EOD)
- Cyber Security
- Combat Simulation, Training & Health Monitoring
- Intelligence & Data Warfare
- Others
Component Outlook (Revenue: USD Billion; 2017-2027)
Products
- Armored Fighting Vehicle
- Command and Control System
- Modern Weapons
- Satellite
- Armored and Unmanned Ground Vehicle
- Military Unmanned Ground Vehicle
- Unmanned Aerial Vehicle (UAV)
- Smart Clothing
- Soldier Equipment
- RFID
- Communication Devices
- Vision and Surveillance
- Others
Services
- Artificial Intelligence
- Data Transfer Protocol
- Cyber Security
- Others
End-User Outlook (Revenue: USD Billion; 2017-2027)
- Defense Intelligence
- Military
- Law Enforcement
Technology Outlook (Revenue: USD Billion; 2017-2027)
- Internet of Things
- 3D Printing
- Artificial Intelligence
- Wearable Devices
- Others
Regional Outlook (Revenue: USD
Billion; 2017-2027)
o
North America
1.
U.S.
2.
Canada
o
Europe
1.
Russia
2.
U.K.
3.
Germany
4.
France
5.
BENELUX
o
Asia Pacific
1.
China
2.
Japan
3.
South Korea
4.
North Korea
5.
Rest of APAC
o
Latin America
1.
Brazil
2.
Rest of LATAM
o
Middle East &Africa
1.
Saudi Arabia
2.
U.A.E.
3.
Israel
4.
Rest of MEA
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