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Defense Market Research Report - Global Industry Analysis, Size, Growth and... PowerPoint PPT Presentation


The global defense market is growing rapidly as the military budgets of governments worldwide are increasing annually. The governments of various countries worldwide are also investing in defense R & D to equip their countries with technologies that guarantee safety from harmful elements.

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Defense Market Research Report - Global Industry Analysis, S...

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Defense market research report global industry analysis size growth and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Defense Market Research Report - Global Industry Analysis, Size,

Growth and Forecast to 2024 - Hexa Research

The global defense market is growing rapidly as the military budgets of governments

worldwide are increasing annually. The governments of various countries worldwide are

also investing in defense R & D to equip their countries with technologies that

guarantee safety from harmful elements. The annual defense budget of top 50

countries has crossed USD 1.6 trillion, which is more than the GDP of 11 largest

economies. There is also a clear belief in the global environment that the defense

budget increase reflects the economic growth of countries.

The defense equipment is majorly made up of ground vehicles, missile systems,

sensors and radars, unmanned systems, and naval systems. The ground vehicles have

been predominantly used to a large extent in the defense market. The increased

research concerning innovation and growing importance of sensors & radars are

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Defense market research report global industry analysis size growth and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

making them a good prospect in the defense market. The missile system is of utmost

importance as itprovides safety on the target sitewithout human intervention.

Unmanned vehicles are also expected to gain importance over the forecast period as

they reduce human involvement. The ongoing integration of intelligent systems into the

unmanned systems will make them a good prospect for the future of defense market.

Browse Detail Report@

https://www.hexaresearch.com/upcoming-research/defense-market

The major restraint in the market is the increasing demilitarization going around the

world. Most of the countries are working towards maintaining peace by trying to

minimizethe usage of weapons. The defense technology in some countries across the

world is far more advanced compared toothers.Owing to this, most countries are

expected to sufferfrom a dilemma withrespect to technologies thatneed to be developed

in-house and those thatneed to be acquired. Countries in Asia are majorly import

oriented concerning defense equipment, but the trend is expected to change over the

forecast period as these countries are also investing heavily in the R & D of defense

equipment.

As there is growth and development happeningworldwide, the major economies of the

world are becoming less reliant on defense equipment manufacturers. The increasing

demilitarization across North America and Europe would decrease the military

expenditure of countries over the forecast period. Countries such as U.S, France, and

Russia are driving the growth of defense market in the North America and European

regions owing to increased defense budgets. The manufacturers are looking at Asia as

the potential market,as governments in this region have increased the military budget

steadily over the years. The growth in this region is driven by countries such as India,

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Defense market research report global industry analysis size growth and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Japan, and China who are heavily spending on defense equipment. The Middle East

and Africa regions thatare characterized by low-income nations are investing heavily in

defense equipment in order to safeguard the economic development of their country.

Saudi Arabia is a major economy in the Middle East region with their military budget

listedamong the top 10 in the world.

The key manufacturers in the market include United Technologies (UTX), L-3

Communications (LLL), Finmeccanica, EADS, Northrop Grumman, Raytheon, General

Dynamics, BAE Systems, Lockheed Martin, and Boeing. The other manufacturers

include CACI International, ITT Exelis, Pratt & Whitney, General Electric, Honeywell,

Computer Sciences Corp., and Oshkosh.

United Technologies manufactures a wide array of defense equipment including the

Black Hawk and Seahawk Helicopters. L-3 Communications are majorly into the

manufacturingof command control communications and national security solutions.

Finmeccanica is an Italian manufacturer of arms, helicopters, and security electronics.

The European Aeronautic Defense and Space Company (EADS) is a Dutch

manufacturer of arms and helicopters. EADS and BAE Systems attempted a merger in

2012 but the merger was called off when the chancellor of Germany expressed

concerns over the merger. Northrop Grumman is majorly into the manufacturingof

aircraft, missiles electronics, ships, and space equipment. The company gains

maximum revenue from the sales of arms.

Raytheon is well-known manufacturer of Tomahawk cruise missile. The company is

majorly into the manufacturing of electronics and missiles. General Dynamics is the

third largest supplier of defense equipment to the U.S government. The company

majorly manufactures artillery, vehicles, electronics, ships, and small arms. BAE

Systems are the largest non-U. S company manufacturing electronics, aircraft, space

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Defense market research report global industry analysis size growth and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

equipment, and missiles. Lockheed Martin is the leading company manufacturing

defense equipment. The product portfolio of the company comprises electronics,

aircraft, missiles, and space equipment. The main weapons system manufactured by

Lockheed Martin is the F-35 thathas now been upgraded to F-35 Lightning II.

Browse Related Category Market Reports@

https://www.hexaresearch.com/research-category/technology-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We

offer comprehensive business intelligence in the form of industry reports which help our

clients obtain clarity about their business environment and enable them to undertake

strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

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6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

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Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


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