Overview and Scope
A ground defense system refers to a missile defense system that is operationally deployed and able to protect the entire country from attacks by long-range ballistic missiles. A ground defense system is used to provide early detection, tracking, target discrimination, precision intercept and force-of-collision destruction of the target during the boost and midcourse phases.
Sizing and Forecast
The ground defense system market size has grown strongly in recent years. It will grow from $53.41 billion in 2023 to $57.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to military modernization programs, threat evolution, geopolitical tensions, focus on urban warfare, budget allocations..
The ground defense system market size is expected to see strong growth in the next few years. It will grow to $76 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to adoption of directed energy weapons, rise in unconventional threats, modular and scalable systems, cybersecurity integration, integrated command and control systems.. Major trends in the forecast period include shift towards network-centric warfare, focus on mobility and maneuverability, integration of artificial intelligence, electromagnetic spectrum dominance, multi-domain operations..
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Segmentation & Regional Insights
The ground defense system market covered in this report is segmented –
1) By Component: Products, Services
2) By Technology: Artificial Intelligence, 3D Printing, Internet of Things, Wearable Devices, Other Technologies
3) By Operation: Manned, Unmanned
4) By Application: Logistics And Transportation, Surveillance And Reconnaissance, Cyber Security, Explosive Ordinance Disposal (EOD), Intelligence And Data Warfare, Combat Simulation, Training And Health Monitoring, Other Applications
5) By End-User: Defense Intelligence, Military, Law Enforcement
Top 5 Major Players:
- BAE Systems PLC,
- Lockheed Martin Corporation,
- Northrop Grumman Corporation,
- Thales Group,
- Israel Aerospace Industries Ltd
North America was the largest region in the ground defense system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the ground defense system market report during the forecast period. The regions covered in the ground defense system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising demand for cyber security is expected to propel the growth of the ground defense system market going forward. Cybersecurity is the technique of preventing harmful assaults on computers, servers, mobile devices, electronic systems, network sand data. Ground defense systems need cyber security to support them during battle and to protect their networks from adversaries during peacetime which results in the rising demand for cyber security in the ground defense system market. For instance, according to Seeking Alpha, a US-based crowd-sourced content service for financial markets, cybersecurity spending is estimated to exceed $188 billion in 2023. Furthermore, according to Cybercrime Ventures, a US-based cybercrime researcher, the cost of cybercrime will increase by 15% yearly, reaching $10.5 trillion USD annually by 2025, also there will be 3.5 million unfilled cybersecurity jobs globally in 2023. Therefore, the rising demand for cyber security is driving the growth of the ground defense system market.
Key Industry Players
Major companies operating in the ground defense system market are focused on strategic investments to develop advanced ground-based defense solutions, such as Ground-Based Midcourse Defense (GMD) Weapon System (GWS) program, to gain a competitive edge in the market. Such investments refer to an agreement between a government or military organization and a contractor for the design, development, testing, and fielding of a ground-based defense system. Such contracts may cover a wide range of systems, including missile defense systems, radar systems, and satellite ground control systems. For instance, in August 2022, Northrop Grumman, a US-based aerospace and defense technology company, awarded a $3.3 billion contract from Officials of the U.S. Missile Defense Agency (MDA), a US-based government’s Department of Defense, to develop Ground-Based Midcourse Defense (GMD) Weapon System. Using sensor data, the GMD Weapon System creates integrated combat plans. It is made up of the GMD communication network, which connects GMD to external sensors and systems, and the GMD fire-control system, which offers threat assessment and engagement planning.
The ground defense system market report table of contents includes:
1. Executive Summary
2. Ground Defense System Market Characteristics
3. Ground Defense System Market Trends And Strategies
4. Ground Defense System Market – Macro Economic Scenario
5. Global Ground Defense System Market Size and Growth
….
31. Global Ground Defense System Market Competitive Benchmarking
32. Global Ground Defense System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Ground Defense System Market
34. Ground Defense System Market Future Outlook and Potential Analysis
35. Appendix
List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Ground Defense System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Ground Defense System Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Ground Defense System Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 76: BAE Systems PLC Financial Performance
Table 77: Lockhead Martin Corporation Financial Performance
Table 78: Northrop Grumman Corporation Financial Performance
Table 79: Thales Group Financial Performance
Table 80: Israel Aerospace Industries Ltd. Financial Performance
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