“Military Vehicle & Aircraft Protection Systems market valued at USD 8.3 billion in 2019” says new Visiongain report

13 August 2019
Defence

Visiongain has published a new defence report entitled Military Vehicle & Aircraft Protection Systems Market Report 2019-2029.

The Military Vehicle & Aircraft Protection Systems market is estimated to witness a Compound Annual Growth Rate (CAGR) of 6.3 per cent from 2019 to 2029.

Generally speaking, the deployment of military personnel in areas of conflict and healthy defence spending among European and Asia-Pacific states are having a profound, driving effect on the market.

The defence industry is also constantly seeking the next ‘big thing’ in vehicle and aircraft protection technology. This trend is also having a positive effect on the Vehicle and Aircraft Protection Systems market, with particularly Western defence administrations financing studies into the capability and suitability of the latest protection solutions.

Visiongain anticipates that global investment and consolidation will be strong over the next decade. The market’s stable health is due to the factors listed above as well as the presence of established companies, such as Lockheed Martin, Northrop Grumman, General Dynamics and BAE Systems.

The senior defence analyst said: "The Global Military Vehicle and Aircraft Protection Systems market is expected to generate sales of USD 8.29 billion in 2019.

"The industry’s outlook also appears promising, due partly to escalating tensions between state actors and deteriorating security situations in the Arabian Peninsula and North Africa.

"Moreover, despite a public appetite for ‘forever wars’ waning, especially in the West, national and group leaders are increasingly tempted to jostle for power and bolster their influence across foreign borders.

"Over the last few years, there have also been several technological advancements in vehicle and aircraft protection capabilities, a greater emphasis on crew safety, and increased demand for platforms that are quick and efficient to apply.

"Combined, all these factors are driving the entire market forward at a healthy, stable rate."

"By 2029, the Protection Systems market will have surpassed the 15 billion-pound mark, achieving a total sales figure of USD 15.22 billion."

Note for Editors
If you are interested in a more detailed overview of this report, please send an email to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is a leading business intelligence provider, publishing market reports for the automotive, aviation, chemicals, construction, cyber, defence, electronics, energy, food & drink, IT, maritime, materials, packaging, pharmaceutical, renewable energy, telecoms and utilities sectors.

We are one of the fastest-growing and most innovative independent research companies in Europe. Based in London, UK, Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Military Communication, Navigation & Surveillance (CNS) Market Report 2021-2031

Based on the frequency band, the military radar market is categorized into UHF/VHF, L Band, S-Band, C Band, X Band, and Ku/K/Ka-Band. Out of these, the S-Band segment is expected to grow at the highest CAGR during the forecast period as S-band is widely used in the over the horizon radars as it has capability to detects threats from several kilometres.

25 November 2020

Read

Visiongain Publishes Military Aircraft Maintenance, Repair & Overhaul (MRO) Market Report 2021-2031

Big spenders on defence devote approximately or more than 2 percent of their GDP to defence, a substantial amount. It is projected that various factors will play a vital role in the purchase of command and control equipment moving ahead of COVID-19 especially for emerging economies as these countries would need to prioritize on defence expenditure.

24 November 2020

Read

Visiongain Publishes Aerostat Systems Market Report 2021-2031

The growth of this market can be attributed to growing need for surveillance capabilities across remote areas, persistent surveillance for a longer duration and testing of Aerostat systems in various military applications.

09 November 2020

Read

Visiongain Publishes Advanced Combat Helmet Market Report 2021-2031

The growth of this market can be attributed to the increasing need for enhanced protection of military personnel, and advancement in lightweight and stronger materials for combat helmets.

09 November 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever