Ground Defense System Market Size, Share, Trends, Analysis and Forecast Till 2028

 IMARC Group, a leading market research company, has recently releases report titled “Ground Defense System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global ground defense system market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the ground defense system market?

The global ground defense system market size reached US$ 50.60 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.32 Billion by 2028, exhibiting a growth rate (CAGR) of 5.00% during 2023-2028.

What are ground defense system?

A ground defense system is a coordinated set of technologies and strategies designed to protect land-based territories and assets. It encompasses physical barriers, surveillance equipment, weapon systems, communication networks, and trained personnel. Technological advancements play a vital role in enhancing its capabilities, including protection against cyber threats. These systems may also integrate with air and naval defenses for a comprehensive security approach.

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What are the growth prospects and trends in the ground defense system industry?

The rising geopolitical tensions, border disputes, and the threat of terrorism increase the demand for sophisticated ground defense systems which represents one of the key factors driving the growth of the market across the globe. The continuous development of new technologies, such as artificial intelligence (AI), robotics, and advanced surveillance tools enhance the capabilities of ground defense systems, which is driving further interest and investment.

An increase in defense spending by governments around the world contributes to the growth of the ground defense system market. As urban areas expand, the need to protect critical infrastructure like airports, power plants, and transportation hubs becomes paramount, which is fueling demand for advanced ground defense systems. National and international regulations related to defense and security may compel countries to invest in modernizing their ground defense systems.

The growing sophistication of cyber warfare and electronic threats is driving the need for integrated ground defense systems that are counteracting these challenges. Apart from this, the rising need for systems that work seamlessly with various branches of the military and allied forces is encouraging further development and standardization within the market which is creating a positive outlook for the market across the globe.

Who are the key players operating in the industry?

The report covers the major market players including:

• BAE Systems plc
• Denel Land Systems (Denel SOC Ltd.)
• Elbit Systems Ltd.
• General Dynamics Corporation
• Israel Aerospace Industries
• L3Harris Technologies Inc.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Oshkosh Defense LLC (Oshkosh Corporation)
• QinetiQ
• Rheinmetall AG
• Thales Group

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Operation:

• Manned
• Unmanned

Breakup by Vehicle Type:

• Combat Vehicle
  • Main Battle Tank
  • Infantry Fighting Vehicle
  • Self-Propelled Artillery
  • Multiple Launch Rocket System
• Support Vehicle
  • Armored Personnel Carrier
  • Mine Resistant Ambush Protected Vehicle
  • Tactical Armored Vehicles/Multi-Purpose Vehicles
  • Light Utility Vehicle
  • Truck
  • Military Engineering Vehicle
  • Mine Clearing Tank
  • Amphibious Vehicle
  • Unmanned Ground Vehicle
  • Others

Breakup by System:

• Engine
  • Diesel Engine
  • Hybrid Engine
  • Electric Engine
• Drive System
  • Power Transmission Drive
  • Suspension and Braking
• Navigation and Communication System
• Ammunition Handling and Fire Control System
• Observation and Display System
• Command and Control System
• Others

Breakup by End User:

• Defense Intelligence
• Military
• Law Enforcement

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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