Global Air Defense Equipment Market Report by Business Research Company 2022 – Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 1, 2022 /EINPresswire.com/ — According to the ”Global Air-Based Defense Equipment Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026” published by The Business Research Company, the airborne defense equipment market The size is expected to grow from $178.46 billion in 2021 to $191.74 billion in 2022 at a compound annual growth rate (CAGR) of 7.4%. The growth of the market is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote working and closure of business activities which resulted in operational challenges. According to TBRC’s air defense equipment industry growth analysis, the market is expected to reach $246.42 billion in 2026 with a CAGR of 6.5%. Rapid advancements in wireless technology and miniaturization (which refers to the design of smaller components for equipment) are expected to drive innovation in the air defense market, thereby driving the market during the period of forecast.
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The air defense equipment market includes sales of air defense equipment by entities (organizations, individual companies and partnerships) that produce air defense equipment, including air defense support and ancillary equipment such as radars, satellites, sonars and other ancillary equipment.
Global Airborne Defense Equipment Market Trends
Companies in the global air-based defense equipment manufacturing market are using 3D printing technology to develop lightweight structures as well as non-structural military aircraft parts. 3D printing technology makes it possible to build three-dimensional objects using digital models by laying successive layers of material. 3D printing is used in the manufacture of airborne equipment to quickly and inexpensively create military aircraft parts with complex geometries. The technology creates three-dimensional models of aircraft parts using metals, plastics, polymers, ceramics and other derivatives.
Segments of the global air-based defense equipment market
The global airborne defense equipment market is segmented:
By type: fighter jets, military helicopters, gliders and military drones
By operation: autonomous air defense equipment, manual
By component: weapon system, fire control system, command and control system, other
Sub-segments Covered: Conventional Take-off and Landing Aircraft, Short Take-off and Landing Aircraft, Vertical Take-off and Landing Aircraft, Light Helicopters, Medium Helicopters, Heavy Helicopters, Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS) ), beyond visual line of sight (BVLOS)
By Geography: The global air defense market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.
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The Global Air-Based Defense Equipment Market Report 2022 is part of a series of new reports by The Business Research Company that provides Air-Based Defense Equipment market overviews, analysis and Market Size and Growth Forecast for Global Air Based Defense Equipment Market, Air Based Defense Equipment Market Share, Defense Equipment Market Segments & Geographies air-based defense equipment market players, revenue, profiles and market shares of the main competitors in the air-based defense equipment market. The Air Defense Equipment Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC Global Air Defense Equipment Market 2022 report includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: Lockheed Martin Corporation, Airbus Group SE, The Boeing Company, Leonardo SpA, Bae Systems plc, Raytheon Technologies Corporation, Honeywell International Inc., Northrop Grumman Corp, Rostec State Corporation, Textron Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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