1 of 5
FEATURED COMPANIES
- BAE Systems
- Boeing
- Lockheed Martin
- Northrop Grumman
- Raytheon Company
- MORE
Defense Global Market Report 2020-30: Covid 19 Impact and Recovery provides the strategists, marketers and senior management with the critical information they need to assess the global defense market as it emerges from the Covid 19 shut down.
Reasons to Purchase
Where is the largest and fastest growing market for the defense? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Defense market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider defense market, and compares it with other markets.
Markets Covered:
1) By Type: Air based Defense Equipment Manufacturing; Sea based Defense Equipment Manufacturing; Land based Defense Equipment Manufacturing; Defense Equipment Maintenance, Repair and Overhauling Services; Defense Support and Auxiliary Equipment Manufacturing
2) By Operation: Autonomous Defense Equipment; Manual
Subsegments Covered: Fighter Aircrafts; Military Helicopters; Military Gliders and Drones; Battle force Ships Manufacturing (Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support crafts); Submarines (including Nuclear Submarines); Armored Vehicles; Missiles; Tanks; Small Arms and Light Weapons; Air based Defense Equipment MRO Services; Water based Defense Equipment MRO Services; Land based Defense Equipment MRO Services; Military Radars; Military Satellites; Other Defense Support and Auxiliary Equipment Manufacturing
Companies Mentioned: Lockheed Martin; Raytheon Company; BAE Systems; Northrop Grumman; Boeing
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, defense indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
This report will be delivered within 1-3 business days.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3 working days of order.
Where is the largest and fastest growing market for the defense? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Defense market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider defense market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The defense market section of the report gives context. It compares the defense market with other segments of the aerospace & defense market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, defense indicators comparison.
Markets Covered:
1) By Type: Air based Defense Equipment Manufacturing; Sea based Defense Equipment Manufacturing; Land based Defense Equipment Manufacturing; Defense Equipment Maintenance, Repair and Overhauling Services; Defense Support and Auxiliary Equipment Manufacturing
2) By Operation: Autonomous Defense Equipment; Manual
Subsegments Covered: Fighter Aircrafts; Military Helicopters; Military Gliders and Drones; Battle force Ships Manufacturing (Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support crafts); Submarines (including Nuclear Submarines); Armored Vehicles; Missiles; Tanks; Small Arms and Light Weapons; Air based Defense Equipment MRO Services; Water based Defense Equipment MRO Services; Land based Defense Equipment MRO Services; Military Radars; Military Satellites; Other Defense Support and Auxiliary Equipment Manufacturing
Companies Mentioned: Lockheed Martin; Raytheon Company; BAE Systems; Northrop Grumman; Boeing
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, defense indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
This report will be delivered within 1-3 business days.
Note: Product cover images may vary from those shown
2 of 5
FEATURED COMPANIES
- BAE Systems
- Boeing
- Lockheed Martin
- Northrop Grumman
- Raytheon Company
- MORE
1. Executive Summary
2. Report Structure
3. Defense Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Defense Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Defense Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Defense Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Defense Market Trends And Strategies
8. Defense Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Defense Market Regional Analysis
9.1. Global Defense Market, 2019, By Region, Value ($ Billion)
9.2. Global Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region
9.3. Global Defense Market, Growth And Market Share Comparison, By Region
10. Defense Market Segmentation
10.1. Global Defense Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
11.1. Global Air based Defense Equipment Manufacturing Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Fighter Aircrafts; Military Helicopters; Military Gliders and Drones
11.2. Global Sea based Defense Equipment Manufacturing Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Battle force Ships Manufacturing (Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support crafts); Submarines (including Nuclear Submarines)
11.3. Global Land based Defense Equipment Manufacturing Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Armored Vehicles; Missiles; Tanks; Small Arms and Light Weapons
11.4. Global Defense Equipment Maintenance, Repair and Overhauling Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Air based Defense Equipment MRO Services; Water based Defense Equipment MRO Services; Land based Defense Equipment MRO Services
11.5. Global Defense Support and Auxiliary Equipment Manufacturing Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Military Radars; Military Satellites; Other Defense Support and Auxiliary Equipment Manufacturing
12. Defense Market Metrics
12.1. Defense Market Size, Percentage Of GDP, 2015-2023, Global
12.2. Per Capita Average Defense Market Expenditure, 2015-2023, Global
13. Asia-Pacific Defense Market
13.1. Asia-Pacific Defense Market Overview
13.2. Asia-Pacific, Defense Market, 2019, By Country, Value ($ Billion)
13.3. Asia-Pacific, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
13.4. Asia-Pacific, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
13.5. Asia-Pacific, Defense Market Metrics
13.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, Asia-Pacific Countries
13.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, Asia-Pacific Countries
13.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, Asia-Pacific Countries
13.6. Asia-Pacific Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7. Asia-Pacific Defense Market: Country Analysis
13.7.1. China Defense Market
13.7.1.1. China Defense Market Overview
13.7.1.2. China Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.2. Australia Defense Market
13.7.2.1. Australia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.3. Hong Kong Defense Market
13.7.3.1. Hong Kong Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.4. India Defense Market
13.7.4.1. India Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.5. Indonesia Defense Market
13.7.5.1. Indonesia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.6. Japan Defense Market
13.7.6.1. Japan Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.7. Malaysia Defense Market
13.7.7.1. Malaysia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.8. New Zealand Defense Market
13.7.8.1. New Zealand Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.9. Philippines Defense Market
13.7.9.1. Philippines Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.10. Singapore Defense Market
13.7.10.1. Singapore Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.11. South Korea Defense Market
13.7.11.1. South Korea Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.12. Thailand Defense Market
13.7.12.1. Thailand Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.13. Vietnam Defense Market
13.7.13.1. Vietnam Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14. Western Europe Defense Market
14.1. Western Europe Defense Market Overview
14.2. Western Europe, Defense Market, 2019, By Country, Value ($ Billion)
14.3. Western Europe, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
14.4. Western Europe, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
14.5. Western Europe, Defense Market Metrics
14.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, Western Europe Countries
14.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, Western Europe Countries
14.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, Western Europe Countries
14.6. Western Europe Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7. Western Europe Defense Market: Country Analysis
14.7.1. Austria Defense Market
14.7.1.1. Austria Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.2. Belgium Defense Market
14.7.2.1. Belgium Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.3. Denmark Defense Market
14.7.3.1. Denmark Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.4. Finland Defense Market
14.7.4.1. Finland Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.5. France Defense Market
14.7.5.1. France Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.6. Germany Defense Market
14.7.6.1. Germany Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.7. Ireland Defense Market
14.7.7.1. Ireland Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.8. Italy Defense Market
14.7.8.1. Italy Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.9. Netherlands Defense Market
14.7.9.1. Netherlands Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.10. Norway Defense Market
14.7.10.1. Norway Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.11. Portugal Defense Market
14.7.11.1. Portugal Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.12. Spain Defense Market
14.7.12.1. Spain Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.13. Sweden Defense Market
14.7.13.1. Sweden Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.14. Switzerland Defense Market
14.7.14.1. Switzerland Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.15. UK Defense Market
14.7.15.1. UK Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
15. Eastern Europe Defense Market
15.1. Eastern Europe Defense Market Overview
15.2. Eastern Europe, Defense Market, 2019, By Country, Value ($ Billion)
15.3. Eastern Europe, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
15.4. Eastern Europe, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
15.5. Eastern Europe, Defense Market Metrics
15.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, Eastern Europe Countries
15.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, Eastern Europe Countries
15.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, Eastern Europe Countries
15.6. Eastern Europe Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.7. Eastern Europe Defense Market: Country Analysis
15.7.1. Czech Republic Defense Market,
15.7.1.1. Czech Republic Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.7.2. Poland Defense Market
15.7.2.1. Poland Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.7.3. Romania Defense Market
15.7.3.1. Romania Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.7.4. Russia Defense Market
15.7.4.1. Russia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
16. North America Defense Market
16.1. North America Defense Market Overview
16.2. North America, Defense Market, 2019, By Country, Value ($ Billion)
16.3. North America, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
16.4. North America, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
16.5. North America, Defense Market Metrics
16.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, North America Countries
16.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, North America Countries
16.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, North America Countries
16.6. North America Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
16.7. North America Defense Market: Country Analysis
16.7.1. Canada Defense Market
16.7.1.1. Canada Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
16.7.2. Mexico Defense Market
16.7.2.1. Mexico Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
16.7.3. USA Defense Market
16.7.3.1. USA Defense Market Overview
16.7.3.2. USA Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17. South America Defense Market
17.1. South America Defense Market Overview
17.2. South America, Defense Market, 2019, By Country, Value ($ Billion)
17.3. South America, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
17.4. South America, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
17.5. South America, Defense Market Metrics
17.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, South America Countries
17.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, South America Countries
17.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, South America Countries
17.6. South America Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7. South America Defense Market: Country Analysis
17.7.1. Argentina Defense Market
17.7.1.1. Argentina Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7.2. Brazil Defense Market
17.7.2.1. Brazil Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7.3. Chile Defense Market
17.7.3.1. Chile Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7.4. Colombia Defense Market
17.7.4.1. Colombia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7.5. Peru Defense Market
17.7.5.1. Peru Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7.6. Venezuela Defense Market
17.7.6.1. Venezuela Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
18. Middle East Defense Market
18.1. Middle East Defense Market Overview
18.2. Middle East, Defense Market, 2019, By Country, Value ($ Billion)
18.3. Middle East, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
18.4. Middle East, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
18.5. Middle East, Defense Market Metrics
18.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, Middle East Countries
18.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, Middle East Countries
18.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, Middle East Countries
18.6. Middle East Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.7. Middle East Defense Market: Country Analysis
18.7.1. Saudi Arabia Defense Market
18.7.1.1. Saudi Arabia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.7.2. Israel Defense Market
18.7.2.1. Israel Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.7.3. Turkey Defense Market
18.7.3.1. Turkey Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.7.4. UAE Defense Market
18.7.4.1. UAE Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
19. Africa Defense Market
19.1. Africa Defense Market Overview
19.2. Africa, Defense Market, 2019, By Country, Value ($ Billion)
19.3. Africa, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
19.4. Africa, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
19.5. Africa, Defense Market Metrics
19.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, Africa Countries
19.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, Africa Countries
19.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, Africa Countries
19.6. Africa Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
19.7. Africa Defense Market: Country Analysis
19.7.1. Egypt Defense Market
19.7.1.1. Egypt Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
19.7.2. Nigeria Defense Market
19.7.2.1. Nigeria Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
19.7.3. South Africa Defense Market
19.7.3.1. South Africa Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
20. Defense Market Competitive Landscape
20.1. Competitive Market Overview
20.2. Market Shares
20.3. Company Profiles
20.3.1. Lockheed Martin
20.3.1.1. Company Overview
20.3.1.2. Products And Services
20.3.1.3. Strategy
20.3.1.4. Financial Performance
20.3.2. Raytheon Company
20.3.2.1. Company Overview
20.3.2.2. Products And Services
20.3.2.3. Strategy
20.3.2.4. Financial Performance
20.3.3. BAE Systems
20.3.3.1. Company Overview
20.3.3.2. Products And Services
20.3.3.3. Strategy
20.3.3.4. Financial Performance
20.3.4. Northrop Grumman
20.3.4.1. Company Overview
20.3.4.2. Products And Services
20.3.4.3. Strategy
20.3.4.4. Financial Performance
20.3.5. Boeing
20.3.5.1. Company Overview
20.3.5.2. Products And Services
20.3.5.3. Strategy
20.3.5.4. Financial Performance
21. Key Mergers And Acquisitions In The Defense Market
22. Market Background: Aerospace & Defense Market
22.1. Aerospace & Defense Market Characteristics
22.2. Aerospace & Defense Market Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Growth, By Segment, Value ($ Billion), Global
22.3. Global Aerospace & Defense Market, 2019, By Region, Value ($ Billion)
22.4. Global Aerospace & Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region
22.5. Global Aerospace & Defense Market, 2015-2019, 2023F, 2025F, 2030F, Segmentation By Type, Value ($ Billion)
23. Recommendations
23.1. Global Defense Market In 2023- Growth Countries
23.2. Global Defense Market In 2023- Growth Segments
23.3. Global Defense Market In 2023- Growth Strategies
24. Appendix
24.1. NAICS Definitions Of Industry Covered In This Report
24.2. Abbreviations
24.3. Currencies
24.4. Research Inquiries
24.5. About the Publisher
25. Copyright And Disclaimer
2. Report Structure
3. Defense Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Defense Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Defense Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Defense Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Defense Market Trends And Strategies
8. Defense Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Defense Market Regional Analysis
9.1. Global Defense Market, 2019, By Region, Value ($ Billion)
9.2. Global Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region
9.3. Global Defense Market, Growth And Market Share Comparison, By Region
10. Defense Market Segmentation
10.1. Global Defense Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Air based Defense Equipment Manufacturing
- Sea based Defense Equipment Manufacturing
- Land based Defense Equipment Manufacturing
- Defense Equipment Maintenance, Repair and Overhauling Services
- Defense Support and Auxiliary Equipment Manufacturing
- Autonomous Defense Equipment
- Manual
11.1. Global Air based Defense Equipment Manufacturing Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Fighter Aircrafts; Military Helicopters; Military Gliders and Drones
11.2. Global Sea based Defense Equipment Manufacturing Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Battle force Ships Manufacturing (Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support crafts); Submarines (including Nuclear Submarines)
11.3. Global Land based Defense Equipment Manufacturing Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Armored Vehicles; Missiles; Tanks; Small Arms and Light Weapons
11.4. Global Defense Equipment Maintenance, Repair and Overhauling Services Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Air based Defense Equipment MRO Services; Water based Defense Equipment MRO Services; Land based Defense Equipment MRO Services
11.5. Global Defense Support and Auxiliary Equipment Manufacturing Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion) - Military Radars; Military Satellites; Other Defense Support and Auxiliary Equipment Manufacturing
12. Defense Market Metrics
12.1. Defense Market Size, Percentage Of GDP, 2015-2023, Global
12.2. Per Capita Average Defense Market Expenditure, 2015-2023, Global
13. Asia-Pacific Defense Market
13.1. Asia-Pacific Defense Market Overview
13.2. Asia-Pacific, Defense Market, 2019, By Country, Value ($ Billion)
13.3. Asia-Pacific, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
13.4. Asia-Pacific, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
13.5. Asia-Pacific, Defense Market Metrics
13.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, Asia-Pacific Countries
13.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, Asia-Pacific Countries
13.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, Asia-Pacific Countries
13.6. Asia-Pacific Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7. Asia-Pacific Defense Market: Country Analysis
13.7.1. China Defense Market
13.7.1.1. China Defense Market Overview
13.7.1.2. China Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.2. Australia Defense Market
13.7.2.1. Australia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.3. Hong Kong Defense Market
13.7.3.1. Hong Kong Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.4. India Defense Market
13.7.4.1. India Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.5. Indonesia Defense Market
13.7.5.1. Indonesia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.6. Japan Defense Market
13.7.6.1. Japan Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.7. Malaysia Defense Market
13.7.7.1. Malaysia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.8. New Zealand Defense Market
13.7.8.1. New Zealand Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.9. Philippines Defense Market
13.7.9.1. Philippines Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.10. Singapore Defense Market
13.7.10.1. Singapore Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.11. South Korea Defense Market
13.7.11.1. South Korea Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.12. Thailand Defense Market
13.7.12.1. Thailand Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
13.7.13. Vietnam Defense Market
13.7.13.1. Vietnam Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14. Western Europe Defense Market
14.1. Western Europe Defense Market Overview
14.2. Western Europe, Defense Market, 2019, By Country, Value ($ Billion)
14.3. Western Europe, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
14.4. Western Europe, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
14.5. Western Europe, Defense Market Metrics
14.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, Western Europe Countries
14.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, Western Europe Countries
14.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, Western Europe Countries
14.6. Western Europe Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7. Western Europe Defense Market: Country Analysis
14.7.1. Austria Defense Market
14.7.1.1. Austria Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.2. Belgium Defense Market
14.7.2.1. Belgium Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.3. Denmark Defense Market
14.7.3.1. Denmark Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.4. Finland Defense Market
14.7.4.1. Finland Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.5. France Defense Market
14.7.5.1. France Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.6. Germany Defense Market
14.7.6.1. Germany Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.7. Ireland Defense Market
14.7.7.1. Ireland Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.8. Italy Defense Market
14.7.8.1. Italy Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.9. Netherlands Defense Market
14.7.9.1. Netherlands Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.10. Norway Defense Market
14.7.10.1. Norway Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.11. Portugal Defense Market
14.7.11.1. Portugal Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.12. Spain Defense Market
14.7.12.1. Spain Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.13. Sweden Defense Market
14.7.13.1. Sweden Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.14. Switzerland Defense Market
14.7.14.1. Switzerland Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
14.7.15. UK Defense Market
14.7.15.1. UK Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
15. Eastern Europe Defense Market
15.1. Eastern Europe Defense Market Overview
15.2. Eastern Europe, Defense Market, 2019, By Country, Value ($ Billion)
15.3. Eastern Europe, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
15.4. Eastern Europe, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
15.5. Eastern Europe, Defense Market Metrics
15.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, Eastern Europe Countries
15.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, Eastern Europe Countries
15.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, Eastern Europe Countries
15.6. Eastern Europe Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.7. Eastern Europe Defense Market: Country Analysis
15.7.1. Czech Republic Defense Market,
15.7.1.1. Czech Republic Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.7.2. Poland Defense Market
15.7.2.1. Poland Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.7.3. Romania Defense Market
15.7.3.1. Romania Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
15.7.4. Russia Defense Market
15.7.4.1. Russia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
16. North America Defense Market
16.1. North America Defense Market Overview
16.2. North America, Defense Market, 2019, By Country, Value ($ Billion)
16.3. North America, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
16.4. North America, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
16.5. North America, Defense Market Metrics
16.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, North America Countries
16.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, North America Countries
16.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, North America Countries
16.6. North America Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
16.7. North America Defense Market: Country Analysis
16.7.1. Canada Defense Market
16.7.1.1. Canada Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
16.7.2. Mexico Defense Market
16.7.2.1. Mexico Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
16.7.3. USA Defense Market
16.7.3.1. USA Defense Market Overview
16.7.3.2. USA Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17. South America Defense Market
17.1. South America Defense Market Overview
17.2. South America, Defense Market, 2019, By Country, Value ($ Billion)
17.3. South America, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
17.4. South America, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
17.5. South America, Defense Market Metrics
17.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, South America Countries
17.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, South America Countries
17.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, South America Countries
17.6. South America Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7. South America Defense Market: Country Analysis
17.7.1. Argentina Defense Market
17.7.1.1. Argentina Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7.2. Brazil Defense Market
17.7.2.1. Brazil Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7.3. Chile Defense Market
17.7.3.1. Chile Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7.4. Colombia Defense Market
17.7.4.1. Colombia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7.5. Peru Defense Market
17.7.5.1. Peru Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
17.7.6. Venezuela Defense Market
17.7.6.1. Venezuela Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
18. Middle East Defense Market
18.1. Middle East Defense Market Overview
18.2. Middle East, Defense Market, 2019, By Country, Value ($ Billion)
18.3. Middle East, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
18.4. Middle East, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
18.5. Middle East, Defense Market Metrics
18.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, Middle East Countries
18.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, Middle East Countries
18.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, Middle East Countries
18.6. Middle East Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.7. Middle East Defense Market: Country Analysis
18.7.1. Saudi Arabia Defense Market
18.7.1.1. Saudi Arabia Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.7.2. Israel Defense Market
18.7.2.1. Israel Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.7.3. Turkey Defense Market
18.7.3.1. Turkey Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
18.7.4. UAE Defense Market
18.7.4.1. UAE Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
19. Africa Defense Market
19.1. Africa Defense Market Overview
19.2. Africa, Defense Market, 2019, By Country, Value ($ Billion)
19.3. Africa, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Country
19.4. Africa, Defense Market, 2015-2019, 2023F, 2025F, 2030F, Growth And Market Share Comparison, By Country
19.5. Africa, Defense Market Metrics
19.5.1. Defense Market Size, Percentage Of GDP, 2015-2023, Africa Countries
19.5.2. Number of Enterprises, Defense Market, Defense Market/Number of Enterprises, 2019, Africa Countries
19.5.3. Number of Employees, Defense Market, Defense Market/Number of Employees, 2019, Africa Countries
19.6. Africa Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
19.7. Africa Defense Market: Country Analysis
19.7.1. Egypt Defense Market
19.7.1.1. Egypt Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
19.7.2. Nigeria Defense Market
19.7.2.1. Nigeria Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
19.7.3. South Africa Defense Market
19.7.3.1. South Africa Defense Market, Segmentation By Type, 2015-2019, 2023F, 2025F, 2030F, Value ($ Billion)
20. Defense Market Competitive Landscape
20.1. Competitive Market Overview
20.2. Market Shares
20.3. Company Profiles
20.3.1. Lockheed Martin
20.3.1.1. Company Overview
20.3.1.2. Products And Services
20.3.1.3. Strategy
20.3.1.4. Financial Performance
20.3.2. Raytheon Company
20.3.2.1. Company Overview
20.3.2.2. Products And Services
20.3.2.3. Strategy
20.3.2.4. Financial Performance
20.3.3. BAE Systems
20.3.3.1. Company Overview
20.3.3.2. Products And Services
20.3.3.3. Strategy
20.3.3.4. Financial Performance
20.3.4. Northrop Grumman
20.3.4.1. Company Overview
20.3.4.2. Products And Services
20.3.4.3. Strategy
20.3.4.4. Financial Performance
20.3.5. Boeing
20.3.5.1. Company Overview
20.3.5.2. Products And Services
20.3.5.3. Strategy
20.3.5.4. Financial Performance
21. Key Mergers And Acquisitions In The Defense Market
22. Market Background: Aerospace & Defense Market
22.1. Aerospace & Defense Market Characteristics
22.2. Aerospace & Defense Market Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Growth, By Segment, Value ($ Billion), Global
22.3. Global Aerospace & Defense Market, 2019, By Region, Value ($ Billion)
22.4. Global Aerospace & Defense Market, 2015-2019, 2023F, 2025F, 2030F, Historic And Forecast, By Region
22.5. Global Aerospace & Defense Market, 2015-2019, 2023F, 2025F, 2030F, Segmentation By Type, Value ($ Billion)
23. Recommendations
23.1. Global Defense Market In 2023- Growth Countries
23.2. Global Defense Market In 2023- Growth Segments
23.3. Global Defense Market In 2023- Growth Strategies
24. Appendix
24.1. NAICS Definitions Of Industry Covered In This Report
24.2. Abbreviations
24.3. Currencies
24.4. Research Inquiries
24.5. About the Publisher
25. Copyright And Disclaimer
Note: Product cover images may vary from those shown
3 of 5
FEATURED COMPANIES
- BAE Systems
- Boeing
- Lockheed Martin
- Northrop Grumman
- Raytheon Company
- MORE
The Asia Pacific was the largest region in the global defense market, accounting for 34% of the market in 2019. North America was the second largest region accounting for 25% of the global defense market. Africa was the smallest region in the global defense market.
Smart gun technology is gaining the interests of the manufacturer in the recent times. The technology will reduce accidental and criminal shootings due to its safety features that allows firing by authorized users only. A gun is implanted with a radio-frequency-identification devices (RFID) chip reader that connects wirelessly with a watch or wristband, when in a definite range, to activate it. This gun is activated through a 5-digit PIN code for a set period. Biometrics technology is also used for smart guns. Arms manufacturer such as Armatix and iGun Technology Corp are pursuing such technological advancements to provide the market with smart guns.
The defense market consists of sales of air-based, sea-based and land-based military equipment by entities (organizations, sole traders and partnerships) that produce air-based, sea-based and land-based military equipment including support and auxiliary equipment such as radar, satellites, sonars and other auxiliary equipment or maintain, repair and overhaul defense equipment.
The global defense market is expected to decline from $428 billion in 2019 to $372 billion in 2020 at a compound annual growth rate (CAGR) of -13.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 4% from 2021 and reach $411.6 billion in 2023.
Smart gun technology is gaining the interests of the manufacturer in the recent times. The technology will reduce accidental and criminal shootings due to its safety features that allows firing by authorized users only. A gun is implanted with a radio-frequency-identification devices (RFID) chip reader that connects wirelessly with a watch or wristband, when in a definite range, to activate it. This gun is activated through a 5-digit PIN code for a set period. Biometrics technology is also used for smart guns. Arms manufacturer such as Armatix and iGun Technology Corp are pursuing such technological advancements to provide the market with smart guns.
The defense market consists of sales of air-based, sea-based and land-based military equipment by entities (organizations, sole traders and partnerships) that produce air-based, sea-based and land-based military equipment including support and auxiliary equipment such as radar, satellites, sonars and other auxiliary equipment or maintain, repair and overhaul defense equipment.
The global defense market is expected to decline from $428 billion in 2019 to $372 billion in 2020 at a compound annual growth rate (CAGR) of -13.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 4% from 2021 and reach $411.6 billion in 2023.
Note: Product cover images may vary from those shown
4 of 5
- Lockheed Martin
- Raytheon Company
- BAE Systems
- Northrop Grumman
- Boeing
Note: Product cover images may vary from those shown
5 of 5
LOADING...
