SIPRI

Tanks Global Market Report 2024 - Charting the Course to a $3.06 Billion Industry by 2028 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, December 19, 2023

It will grow from $2.24 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%.

Key Points: 
  • It will grow from $2.24 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%.
  • It will grow to $3.06 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
  • The growth of the tank market is being driven by an increase in the defense budget allocated to the military.
  • The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.

Combat Drone Market worth $10.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, August 1, 2023

Furthermore, their inherent ability to mitigate risks to human life makes them highly advantageous in high-risk combat scenarios.

Key Points: 
  • Furthermore, their inherent ability to mitigate risks to human life makes them highly advantageous in high-risk combat scenarios.
  • This versatility enables drones to undertake diverse roles, ranging from intelligence gathering to executing combat missions, further bolstering their promising market growth trajectory.
  • Moreover, technological upgrades in armed UAVs have fueled the growth of the combat drone market in the US.
  • Northrop Grumman (US), General Atomics Aeronautical Systems (US), Raytheon Technologies (US), Israel Aerospace Industries, Inc. (Israel) Airbus (France) are Key players in the Combat drone companies .

Combat Drone Market worth $10.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, August 1, 2023

Furthermore, their inherent ability to mitigate risks to human life makes them highly advantageous in high-risk combat scenarios.

Key Points: 
  • Furthermore, their inherent ability to mitigate risks to human life makes them highly advantageous in high-risk combat scenarios.
  • This versatility enables drones to undertake diverse roles, ranging from intelligence gathering to executing combat missions, further bolstering their promising market growth trajectory.
  • Moreover, technological upgrades in armed UAVs have fueled the growth of the combat drone market in the US.
  • Northrop Grumman (US), General Atomics Aeronautical Systems (US), Raytheon Technologies (US), Israel Aerospace Industries, Inc. (Israel) Airbus (France) are Key players in the Combat drone companies .

Global Anti-Jamming GPS Market Report 2023: Sector to Reach $9.19 Billion by 2027 at a 15% CAGR

Retrieved on: 
Tuesday, March 7, 2023

DUBLIN, March 7, 2023 /PRNewswire/ -- The "Global Anti-Jamming GPS Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 7, 2023 /PRNewswire/ -- The "Global Anti-Jamming GPS Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
  • The global anti-jamming GPS market is expected to grow at a compound annual growth rate of 14.99% over the forecast period to reach a market size of US$9.193 billion in 2027, from US$3.459 billion in 2020.
  • The market growth is attributed to the growing demand for GPS technology in various military and civilian applications.
  • Moreover, the high military and defense expenditure is another key factor that is anticipated to drive the market growth during the forecast period.

Military Robots Global Market Report 2023

Retrieved on: 
Monday, February 20, 2023

The global military robots market will grow from $18.8 billion in 2022 to $20.39 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%.

Key Points: 
  • The global military robots market will grow from $18.8 billion in 2022 to $20.39 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%.
  • The military robots market consists of sales of military robots such as military transportation robots, search and rescue military robots, firefighting military robots, and mine clearance military robots.Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
  • The increasing adoption of military robots by various countries, therefore, is expected to drive the military robot market growth.
  • The military robots market research report is one of a series of new reports that provides military robots market statistics, including global market size, regional shares, competitors with a military robots market share, detailed military robots market segments, market trends and opportunities, and any further data you may need to thrive in the military robots industry.

Global Remote Weapon Station Market Report 2022-2027: Lucrative Opportunities with Ongoing Military Modernization Programs, R&D Activities, and Development of Connected Warfare Systems

Retrieved on: 
Thursday, February 9, 2023

Also, the ongoing military modernization programs, research and development activities, and development of connected warfare systems are expected to create lucrative growth opportunities for the market players in the forecast period.

Key Points: 
  • Also, the ongoing military modernization programs, research and development activities, and development of connected warfare systems are expected to create lucrative growth opportunities for the market players in the forecast period.
  • The constant threat to civilian and defense assets around the globe is making them upgrade their existing defense infrastructure.
  • Therefore, the rise in defense expenditure in countries is expected to bolster the remote weapon station market share for the next five years.
  • Company Profiles: Detailed analysis of the major companies present in global remote weapon station market.

Degaussing System Market worth $740 Million by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, January 16, 2023

CHICAGO, Jan. 16, 2023 /PRNewswire/ -- The degaussing system market is projected to grow from USD 619 Million in 2022 to USD 740 Million by 2027, at a CAGR of 3.6% from 2022 to 2027 according to a new report by MarketsandMarkets™.

Key Points: 
  • CHICAGO, Jan. 16, 2023 /PRNewswire/ -- The degaussing system market is projected to grow from USD 619 Million in 2022 to USD 740 Million by 2027, at a CAGR of 3.6% from 2022 to 2027 according to a new report by MarketsandMarkets™.
  • The market growth can be attributed to the increasing importance of the degaussing system in naval warfare for vessel protection.
  • Based on vessel type, the degaussing system market has been segmented into small vessel, medium vessel, and large vessel.
  • This factor supporting the growth of medium vessel market during 2022-2027
    Based on solution, the degaussing system market has been segmented into ranging, degaussing and deperming.

Degaussing System Market worth $740 Million by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, January 16, 2023

CHICAGO, Jan. 16, 2023 /PRNewswire/ -- The degaussing system market is projected to grow from USD 619 Million in 2022 to USD 740 Million by 2027, at a CAGR of 3.6% from 2022 to 2027 according to a new report by MarketsandMarkets™.

Key Points: 
  • CHICAGO, Jan. 16, 2023 /PRNewswire/ -- The degaussing system market is projected to grow from USD 619 Million in 2022 to USD 740 Million by 2027, at a CAGR of 3.6% from 2022 to 2027 according to a new report by MarketsandMarkets™.
  • The market growth can be attributed to the increasing importance of the degaussing system in naval warfare for vessel protection.
  • Based on vessel type, the degaussing system market has been segmented into small vessel, medium vessel, and large vessel.
  • This factor supporting the growth of medium vessel market during 2022-2027
    Based on solution, the degaussing system market has been segmented into ranging, degaussing and deperming.

Global Ballistic Protection Market Report 2022-2027: Need for Upgrades in Battlefield Scenarios, Development of Lightweight, Comfortable, and High-Strength Materials, & Demand for Protection by VVIPs

Retrieved on: 
Wednesday, November 30, 2022

However, the market's growth is limited by the stringent standards for ballistic protection products.

Key Points: 
  • However, the market's growth is limited by the stringent standards for ballistic protection products.
  • In 2020, the global military expenditure was worth USD 1,981 billion, the highest level since 1988 as per SIPRI.
  • The global military expenditure in 2020 was 2.6% higher in real terms than in 2019 and 9.3% higher than in 2011.
  • This segment accounted for a 46.5% share of the target drones market in 2022.

$13.4 Billion Ballistic Protection Market Analysis by Material, Product, Technology, Threat Level, Platform, Application and Region - Global Forecast to 2027 - ResearchAndMarkets.com

Retrieved on: 
Friday, November 25, 2022

However, the market's growth is limited by the stringent standards for ballistic protection products.

Key Points: 
  • However, the market's growth is limited by the stringent standards for ballistic protection products.
  • In 2020, the global military expenditure was worth USD 1,981 billion, the highest level since 1988 as per SIPRI.
  • The global military expenditure in 2020 was 2.6% higher in real terms than in 2019 and 9.3% higher than in 2011.
  • The market in North America is projected to grow from USD 4,467 million in 2022 to USD 5,935 million by 2027, at a CAGR of 5.8% from 2022 to 2027.