Defense Market Overview, Analysis Through 2023-2032

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Defense Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Defense Market Segments
The Business Research Company segments its
Defense market report as
Air based Defense Equipment, Sea based Defense
Equipment, Land based Defense Equipment, Defense
Equipment Maintenance, Repair and Overhauling
Services, Defense Support and Auxiliary Equipment

By Type
Autonomous Defense Equipment, Manual
By Operation
Airborne, Land, Naval
By Platform
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Defense Market Statistics
The global defense market size will grow from
534.79 billion in 2022 to 577.19 billion in
2023 at a compound annual growth rate (CAGR) of
7.9. The market size of defense is expected to
grow to 718.12 billion in 2027 at a CAGR of 5.6.
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Key Market Drivers And Trends
Drivers
The adoption of unmanned combat vehicles is one
of the major trends in this market.
Trends
Companies in the air-based defense equipment
manufacturing market are increasingly investing
in the development of autonomous fighter jets.
Region
Asia-Pacific was the largest region in the
defense market in 2022. he regions covered in the
defense market report are Asia-Pacific, Western
Europe, Eastern Europe, North America, South
America, Middle East, and Africa.
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Key Market Players

• Major players in the Defense market are
• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• The Boeing Company
• Raytheon Co
• Northrop Grumman Corp
• And more.

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