Ground Defense System Market Size Is Projected to Grow at a CAGR of 4.8% By 2027

Market Size - USD 46.57 billion in 2019; Market Growth - CAGR of 4.8%; Market Trends -Growingadoption of Artificial Intelligence (AI) by defense intelligence agencies

The latest research report by Emergen Research, named ‘Global Ground Defense System Market- Forecast to 2027’, entails a comprehensive review of the global Ground Defense System market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.

The study is inclusive of a profound analysis of this business sphere focuses on the overall remunerationof the market over the projected period. The study also includes significant information pertinent to the Ground Defense System industry, particularlythe current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Ground Defense System industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism.It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.

The market intelligence report takes a closer view of the global market share, estimated growth rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the Ground Defense System market position on a global level. The detailed insights into the market’sgeographical spectrum offered by the report make it an excellent source of knowledge about the Ground Defense System industry.

To Understand How COVID-19 Impact is Covered in This Report. Get Sample copy of the report at https://www.emergenresearch.com/request-sample-form/272

Further key findings from the report suggest

In May 2020, BAE Systems completed the acquisition of Airborne Tactical Radios, a part of Raytheon Technologies Corporation. The takeover was intended to help the firm offer revolutionary electronic mission & control solutions to customers.

The Defense Intelligence sub-segment is projected to progress with the highest CAGR in the segment of 6.3% until 2027 owing to its benefits in intelligence protocols, including the nextgen communication, information fusion & data analytics, reconnaissance, surveillance, cyber control systems, and electronic welfare & spectrum dominance.

Led by Japan, China, India, and North & South Korea,the Asia Pacific is dedicating a substantial budget for defense grooming. Moreover, the increasing occurrences of asymmetric welfare, interpersonal stand-offs, economic development, and enhancement in the technology industry are speculated to propel the enforcement of the ground defense market.

Key players in the market include BAE Systems, The Boeing Company, Rockwell Collins, Lockheed Martin, Northrop Grumman, Elbit Systems, Leonardo S.p.A., Thales Group, General Dynamics, and Raytheon Company, among others.

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For the purpose of this report, Emergen Research has segmented the Global Ground Defense System Market on the basis of application, component, end-user, technology, and region:

Application Outlook (Revenue: USD Billion; 2017-2027)

• Surveillance & Reconnaissance
• Logistics & Transportation
• Explosive Ordinance Disposal (EOD)
• Cyber Security
• Combat Simulation, Training & Health Monitoring
• Intelligence & Data Warfare
• Others

Component Outlook (Revenue: USD Billion; 2017-2027)

Products

• Armored Fighting Vehicle
• Command and Control System
• Modern Weapons
• Satellite
• Armored and Unmanned Ground Vehicle
• Military Unmanned Ground Vehicle
• Unmanned Aerial Vehicle (UAV)
• Smart Clothing
• Soldier Equipment
• RFID
• Communication Devices
• Vision and Surveillance
• Others

Services

• Artificial Intelligence
• Data Transfer Protocol
• Cyber Security
• Others

End-User Outlook (Revenue: USD Billion; 2017-2027)

• Defense Intelligence
• Military
• Law Enforcement

Technology Outlook (Revenue: USD Billion; 2017-2027)

• Internet of Things
• 3D Printing
• Artificial Intelligence
• Wearable Devices
• Others

Regional Outlook (Revenue: USD Billion; 2017-2027)

o    North America

1. U.S.
2. Canada

o    Europe

1. Russia
2. U.K.
3. Germany
4. France
5. BENELUX

o    Asia Pacific

1. China
2. Japan
3. South Korea
4. North Korea
5. Rest of APAC

o    Latin America

1. Brazil
2. Rest of LATAM

o    Middle East &Africa

1. Saudi Arabia
2. U.A.E.
3. Israel
4. Rest of MEA

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pradip Joined: December 24th, 2020