Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the Ground Defense System. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Ground Defense System study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Ground Defense System.
The global market value of the ground defense system was $48,565.11 million in 2020. The global ground defense system market is forecast to grow at a compound annual growth rate (CAGR) of more than 4.1% during the forecast period from 2021-2027.
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The ground forces employ various defense systems, including weapons, vehicles, surveillance, and reconnaissance systems. The demand for missile-launch systems, armored fighting vehicles, soldier equipment, and communication devices has surged due to a rise in conflicts and armed conflict situations across the globe. A ground defense system ensures the safety of ground forces and maximizes survivability, connectivity, and lethality.
There are technological advancements taking place to improve lethality, precision, and range of weapons. Efforts are underway to upgrade weapons, vehicles, and support systems to become more reliable, robust, and efficient during combat. During the forecast period, the Pentagon will increase its spending on cutting-edge ground defense weapons and include artificial intelligence in different weapon systems in order to progress the development of next-generation ground defense systems.
Factors Affecting
The development of autonomous weapons will receive more investment. While autonomous weapon technology is still in its infancy, several military agencies and private companies have developed and tested weapons that would enable them to fight on their own.
The multi-role armored vehicle class represents a next-generation, extremely durable combat vehicle used by ground defense units. These vehicles provide significant improvements in soldier durability, mobility, and force protection, enabling the defense force’s armored vehicle combat forces to operate more efficiently in the future. During the forecast period, these factors will likely increase demand for multi-role armored vehicles. Over the past few years, various nations have procured multi-role armored vehicles because of an increase in conflicts and warlike situations.
A reliable ground defense system is a must-have for land-based forces worldwide. However, these systems are expensive to purchase and maintain. Due to these factors, the procurement or development of advanced ground defense systems is limited, therefore negatively impacting the growth of the global ground defense systems market, especially in countries with low defense budgets.
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The use of robotics for military purposes is not new and is used by armed forces worldwide for decades. A robot can carry out various combat functions for the military, including explosive disarmament, lethal combat operations, firefighting, rescue, logistics support, and surveillance. In addition, robots can replace human soldiers in combat since they can handle a broader range of tasks, such as identifying enemy positions. Robots can help reduce casualties during intense artillery fire by giving backup. In addition, they can recognize a variety of hazards in a potentially vast hostile environment with high accuracy. It is forecast to result in a high rate of robotics adoption in the near future.
Covid-19 Impact
- Covid-19’s impact on ground defense system markets is unpredictable and will likely last until the second quarter of 2021.
- Covid-19 forced governments globally to implement a strict lockdown and ban import-export of raw materials items for most of 2020. As a consequence of this, raw materials for manufacturing ground defense equipment fell suddenly out of supply.
- Furthermore, some parts manufacturing facilities had to close their doors due to the nationwide lockdown.
- In the wake of the Covid-19 pandemic, ground defense initiative development has slowed.
Regional Analysis
North America will witness the highest compound annual growth rate (CAGR) during the forecast period from 2021-2027 due to high investments in defense and international intelligence, especially in the United States, and higher development in the IT industry the market is forecast to fuel the growth in the region.
Key Players
The leading prominent players profiled in the global ground defense system market are:
- Rafael Advanced Defense Systems Ltd.
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corporation
- MBDA
- BAE Systems plc.
- Thales Group
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Kongsberg Gruppen ASA
- Other Prominent Players
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Aim of the Report
The global ground defense system market segmentation focuses on Application, Operation, End-User, and Region.
Segmentation based on Application
- Combat
- Logistics & Transportation
- Surveillance & Reconnaissance
- Intelligence & Data Warfare
- Training
- Others
Segmentation based on Operation
- Manned
- Unmanned
Segmentation based on End-User
- Defense Intelligence
- Military
- Law Enforcement
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
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- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Ground Defense System Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Ground Defense System market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Ground Defense System Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Ground Defense System market Size Forecast (2023-2030).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Ground Defense System market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Ground Defense System market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Ground Defense System market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Ground Defense System business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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