Overview and Scope
The defense support and auxiliary equipment refer to support and auxiliary equipment used for defense operations, including equipment such as sonars. The defense support and auxiliary equipment include all mobile and fixed systems required to support the operation of the primary defense systems.
Sizing and Forecast
The defense support and auxiliary equipment market size has grown strongly in recent years. It will grow from <b>$154.35 billion in 2023 to $162.56 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. </b> The growth in the historic period can be attributed to defense budgets, geopolitical tensions, maintenance and upgrades, global terrorism, peacekeeping missions.
The defense support and auxiliary equipment market size is expected to see steady growth in the next few years. It will grow to <b>$196.56 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. </b> The growth in the forecast period can be attributed to emerging technologies, modernization programs, climate change and disaster response, global security challenges, international partnerships. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .
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Segmentation & Regional Insights
The defense support and auxiliary equipment market covered in this report is segmented –
1) By Type: Military Radars, Military Satellites, Other Defense Support and Auxiliary Equipment
2) By Payload Type: Communication Payload, Navigation Payload, Imaging Payload, Others
3) By Application: Intelligence, Surveillance, and Reconnaissance (Isr), Communication, Navigation
Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite
<b>North America</b> was the largest region in defense support and auxiliary equipment market in 2023. <b>Asia-Pacific</b> is expected to be the fastest growing region in the forecast period. The regions covered in the defense support and auxiliary equipment 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
Increasing defense spending is expected to propel the growth of the defense support and auxiliary equipment market going forward. Defense spending refers to the financial resources allocated by a government or state to support its armed forces and military activities. Defense spending provides the financial resources necessary for governments to invest in R&D programs related to defense support and auxiliary equipment. It also covers the maintenance, repair, and upgrades of existing defense support and auxiliary equipment. For instance, in December 2022, according to the annual Defense Data report 2020–21 published by the European Defence Agency (EDA), a Belgium-based government agency of the European Union, total European defense spending reached a record high of $225 billion (€214 billion) in 2021, up a further 6% from the previous year. Therefore, increasing defense spending is driving the growth of the defense support and auxiliary equipment market.
Key Industry Players
Major companies operating in the defense support and auxiliary equipment market include <b> Raytheon Technologies Corporation, Thales Group, The Boeing Company, Leidos, Leonardo SpA, ManTech International Corp., L3 Technologies Inc., Rostec State Corporation, Bae Systems plc, RTX Corp, Lockheed Martin Corporation, General Dynamics Corporation, British Aerospace Engines Systems Plc, Northrop Grumman Corporation, Safran S.A, Honeywell International Inc., United Technologies Corporation, Elbit Systems Ltd., Rheinmetall AG, Harris Corporation, Cobham Ltd., Moog Inc., Meggitt Plc, Curtiss-Wright Corporation., Teledyne FLIR LLC, Ultra Electronics Holdings Plc, Esterline Technologies Corporation, Kongsberg Gruppen ASA, British Foreign & Colonial Automatic Light Controlling Company Ltd., QinetiQ Group Plc, Kratos Defense & Security Solutions Inc., AVAV - AeroVironment Inc., Textron Inc., Cubic Corp, Science Applications International Corporation.</b>
The defense support and auxiliary equipment market report table of contents includes:
1. Executive Summary
2.Defense Support and Auxiliary Equipment Market Characteristics
3. Defense Support and Auxiliary Equipment Market Trends And Strategies
4. Defense Support and Auxiliary Equipment market analysis
5.Defense Support and Auxiliary Equipment Market Size And Growth
6.Defense Support and Auxiliary Equipment Segmentation
7. Defense Support and Auxiliary Equipment Regional And Country Analysis
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27.Defense Support and Auxiliary Equipment Competitive Landscape And Company Profiles
28.Defense Support and Auxiliary Equipment Key Mergers And Acquisitions
29.Defense Support and Auxiliary Equipment Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Raytheon Technologies Corporation
- Thales Group
- The Boeing Company
- Leidos
- Leonardo SpA
- ManTech International Corp
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Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe Defense Support And Auxiliary Equipment Global Market Report 2020-30 by The Business Research Company describes and explains the global defense support and auxiliary equipment market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The Defense Support And Auxiliary Equipment Global Market Report 2021 covers defense support and auxiliary equipment market drivers, defense support and auxiliary equipment market trends, defense support and auxiliary equipment market segments, defense support and auxiliary equipment market growth rate, defense support and auxiliary equipment market major players, and defense support and auxiliary equipment market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/defense-support-and-auxiliary-equipment-global-market-report-2020-30-covid-19-impact-and-recoveryThe defense support and auxiliary equipment market report provides an in-depth analysis of the impact of COVID-19 on the global defense support and auxiliary equipment industry, along with revised market numbers due to the effects of the coronavirus and the expected defense support and auxiliary equipment market growth numbers 2021-2030.Defense Support And Auxiliary Equipment Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=2111=smpThe global defense support and auxiliary equipment market is expected to grow from $120.46 billion in 2020 to $122.62 billion in 2021 at a compound annual growth rate (CAGR) of 1.8%.
The market is expected to reach $143.42 billion in 2025 at a CAGR of 4%.The report covers the defense support and auxiliary equipment market’s segments-1) By Type: Military Radars, Military Satellites, Other Defense Support And Auxiliary Equipment.Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini Satellite, Micro Satellite, Nano Satellite.About The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.
Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.
The Business Research Company published its Defense Support And Auxiliary Equipment Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Defense Support And Auxiliary Equipment market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the defense support and auxiliary equipment market’s segments- by type: military radars, military satellites, other defense support and auxiliary equipment.
Subsegments covered are continuous waveform, pulse waveform, large satellite, mini satellite, micro satellite, nano satellite.
View Complete Report: https://www.thebusinessresearchcompany.com/report/defense-support-and-auxiliary-equipment-global-market-report-2020-30-covid-19-impact-and-recoveryDefense Support And Auxiliary Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
The Business Research Company’s latest report Defense Support and Auxiliary Equipment Global Market Report 2020 covers Defense Support and Auxiliary Equipment market drivers, Defense Support and Auxiliary Equipment market trends, Defense Support and Auxiliary Equipment market segments, Defense Support and Auxiliary Equipment market growth rate, Defense Support and Auxiliary Equipment market major players, and Defense Support and Auxiliary Equipment market size.
The report provides in-depth analysis of the impact of COVID-19 on the Defense Support and Auxiliary Equipment industry, along with revised market numbers due to the effects of the coronavirus.
View Complete Report:https://www.thebusinessresearchcompany.com/report/defense-support-and-auxiliary-equipment-global-market-report-2020-30-covid-19-impact-and-recoveryDefense Support and Auxiliary Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request for the sample now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2111=smpThe global defense support and auxiliary equipment market is expected to decline from $118 billion in 2019 to $110.2 billion in 2020 at a compound annual growth rate (CAGR) of -6.7%.
The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
Defense Support and Auxiliary Equipment Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact – both negative and positive – of COVID-19 on the defense support and auxiliary equipment industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
This includes revised market numbers according to the effects of the coronavirus and the expected defense support and auxiliary equipment market growth numbers 2021-2030.
View Complete Report:https://www.thebusinessresearchcompany.com/report/defense-support-and-auxiliary-equipment-global-market-report-2020-30-covid-19-impact-and-recovery The Defense Support and Auxiliary Equipment Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global defense support and auxiliary equipment market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030.
The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.The Defense Support and Auxiliary Equipment Global Market Report 2021 covers defense support and auxiliary equipment market drivers, defense support and auxiliary equipment market trends, defense support and auxiliary equipment market growth rate, defense support and auxiliary equipment market major players, player-adopted strategies in the market, and defense support and auxiliary equipment market size.The global defense support and auxiliary equipment market is expected to grow from $120.46 billion in 2020 to $122.62 billion in 2021 at a compound annual growth rate (CAGR) of 1.8%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
