Land Based Defense Equipment Market Trends
The Land based Defense Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Land based Defense Equipment Global Market Report 2024, The land based defense equipment market size has grown strongly in recent years. It will grow from $60.11 billion in 2023 to $65.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to growth in military budgets, geopolitical tensions, threat landscape, strategic alliances, operational requirements.
The land based defense equipment market size is expected to see strong growth in the next few years. It will grow to $81.85 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to emerging threats, budget allocations, global security environment, international collaboration, modernization strategies. Major trends in the forecast period include cybersecurity concerns, technological innovations, technology advancements, electrification and hybridization, unmanned systems and robotics.
The overall economic growth of the emerging economies is expected to positively impact the land-based defense equipment market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Stable economic growth is expected to increase investments in the nation’s security, thereby driving the sea-based defense equipmentmarket during the forecast period.
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The land based defense equipment market covered in this report is segmented –
1) By Type: Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons
2) By Operation: Autonomous Land based Defense Equipment, Manual
3) By Application: Military, Law Enforcement
Subsegments Covered: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles, Short Range, Medium Range, Intermediate Range, Intercontinental, Light, Medium, Heavy, Small Arms, Light Weapons
CornerShot rifles are increasingly being used in the defense industry. CornerShot weapons have a steel hinge that allows the gun’s frame to bend around the corner to attack the target without exposing themselves. These rifles help shooters navigate around corners via a high-resolution camera and LCD monitor. The corner-shot rifles are widely used inside armored vehicles and tanks, on a turret up top, which will allow for a full 360-degree field of cover while the triggerman remains safely inside the vehicle. The weapon is accurate and effective up to 100 to 200 meters, depending on the type of weapon. Corner Shot removes the need for this initial exposure.
The land based defense equipment market report table of contents includes:
1. Executive Summary
2. Land based Defense Equipment Market Characteristics
3. Land based Defense Equipment Product/Service Analysis -Product/Service Examples
4. Land based Defense Equipment Market Trends And Strategies
5. Land based Defense Equipment Market – Macro Economic Scenario
…..
68. Global Land based Defense Equipment Market Competitive Benchmarking
69. Global Land based Defense Equipment Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Land based Defense Equipment Market
71. Land based Defense Equipment Market Future Outlook and Potential Analysis
72. Appendix
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