“Increasing procurement of ammunition armed forces owing to the changing nature of warfare, the militarization of police forces, the increasing incidence of drug trafficking, and terrorist activities, and the modernization of armed forces.”
The global ammunition market size is projected to grow from USD 24.3 billion in 2021 to USD 29.1 billion by 2026, at a CAGR of 3.7% from 2021 to 2026. Factors such as the changing nature of warfare, the militarization of police forces, the increasing incidence of drug trafficking, and terrorist activities, and the modernization of armed forces are driving factors assisting the growth of the ammunition market.
The ammunition market includes major players Lockheed Martin (US), General Dynamics Corporation (US), BAE Systems (UK), Elbit Systems (I......
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“Increasing use of early warning systems for potential air and missile attacks will drive the market.”
The missile defense system market size is projected to grow from USD 23.9 billion in 2021 to USD 29.7 billion by 2026, at a CAGR of 4.4% from 2021 to 2026. The market is driven by various factors, such as increasing defense programs of nations to protect against various threats, significant investments in indigenous missile defense systems, increasing need for missile detection systems, and increasing use of early warning systems for potential air and missile attacks.
The missile defense system market will majorly be driven by the increasing use of early warning systems for potential air and missile attacks. Air and missile defense systems are used to monitor various enemy airbo......
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Morocco Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026
Summary
"Morocco Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026", report provides an overview of the Morocco defense market, outlining future programs and predicted expenditures. Over the historic period, defense expenditure has been driven by the ongoing rivalry with neighbouring Algeria, the conflict in Western Sahara, and security concerns related to both the drugs trade and terrorism. During 2017-2021, Morocco's defense expenditure grew at a CAGR of 8.67% to reach US$6.5 billion in 2021. Whilst persistent geopolitical drivers necessitate continued spending, the economic impacts of COVID-19 are expected to dampen the rate of defense expenditure growth over the forecast pe......
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Global Military Electro-Optical/Infrared (EO/IR) Systems Market to 2031 - Market Size and Drivers, Major Programs, Competitive Landscape and Strategic Insights
Summary
The global military electro-optical/infrared (EO/IR) systems market is valued at US$9.2 billion in 2021 and is anticipated to increase at a CAGR of 3.43% to reach a value of US$12.9 billion by 2031. The cumulative market for global EO/IR systems is estimated to value US$119.6 billion over the forecast period. The demand for EO/IR systems is anticipated to be driven by the increased need for battlespace awareness by defense forces and technological advancements to improve effectiveness of EO/IR systems.
The integration of technologically advanced EO/IR systems into modern warfare platforms to obtain information superiority......
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Estonia Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026
Summary
"Estonia Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026", report provides an overview of the Estonian defense market, outlining future programs and predicted expenditures. The defense budget of Estonia reached US$787 million in FY2021, the highest budget submitted and accepted over the historic period. Whilst small in comparison to many of its international allies, this budget is still over the 2% GDP NATO target which many of Estonia's peers fail to reach or maintain. As such, this modest budget allows Estonia to continue international cooperation and alliances by boosting positive sentiment and demonstrating a commitment to national and collective security. This is......
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Jordan Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026
Summary
Jordan Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
The Jordanian defense modernization programs have historically been fueled by the need to maintain a robust deterrence capability to dissuade hostile elements and countries from threatening its sovereign territory. ......
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Argentina Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026
Summary
Argentina Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for maritime and border security market over the forecast period.
Despite the need to support armed forces modernization program, Argentina's ability to fiscally support such a venture is constrained by economic crisis which has be......
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Egypt Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026
Summary
"Egypt Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026", report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key defense expenditure drivers, key procurement programs and major challenges faced by market participants.
Egyptian defense expenditure stands at US$4.3 billion in 2021 and registered a CAGR of 10.34% during 2017-2021. Amidst the ongoing instability in Libya and conflict with Ethiopia, the country has signed several defense deals in order to maintain its military superiority in the region. In 2020, Egypt signed an agreement with Russia for t......
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Global Military Unmanned Ground Vehicle Market to 2031
Summary
The global military unmanned ground vehicles (UGV) market is anticipated to grow at a CAGR of 4.29% with a cumulative value of US$10.7 billion over the forecast period. The demand for military UGV is anticipated to be witnessed in the North American and European regions, especially in countries such as the US, Russia, France, Spain, Poland and the UK. The European region will hold the largest position globally, exhibiting a steady pace of growth over the forecast period with a CAGR of 4.76%.
The global military unmanned ground vehicle market is expected to be led by Europe, with a revenue share of 46.5%, followed by North America and Asia-Pacific. UGVs have proven to be exceedingly useful during peacekeeping missions and the......
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“Growing trend of automation in flight control and increase in defense expenditure and R&D activities to develop ATR are the major factors driving the ATR market.”
The global ATR market size is projected to grow from USD 9.1 billion in 2020 to USD 16.0 billion by 2025, at a CAGR of 11.9% from 2020 to 2025. The growth of the market can be attributed to the growing trend of automation in flight control and increase in defense expenditure and R&D activities to develop ATR, capable of withstanding harsh conditions and providing long-range capabilities at low power consumption.
The ATR market includes major players such as Raytheon Technologies Corporation (US), Honeywell International Inc. (US), L3Harris Technologies Inc. (US), Lockheed Martin Corporation (US), and Cobham P......
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