Global Defence Equipment Market

Global Defence Equipment Market Overview

The Global Defence Equipment Market Size is Expected to Grow from USD 515.86 Billion in 2023 to USD 789.89 Billion by 2033, at a CAGR of 4.35% during the forecast period 2023-2033. The manufacturing, acquisition, and distribution of military-grade tools, vehicles, weapons, and systems for defense and national security objectives comprise the defense equipment market. Rising geopolitical tensions, technical developments in fields like cybersecurity, robotics, and artificial intelligence, modernization initiatives, higher defense spending, and the need for integrated systems are some of the factors propelling this market. As governments increase funding to improve defense capabilities, nations are modernizing their deteriorating military infrastructure to face threats.

Major vendors in the Global Defence Equipment Market

Dassault Aviation, BAE Systems, Rafael Advanced Defence Systems Ltd, Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), Lockheed Martin, General Dynamics (GD), Northrop Grumman, Airbus Group, Raytheon, Huntington Ingalls Industries, Honeywell International, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisors has segmented the defence equipment market based on the below-mentioned segments:

Global Defence Equipment Market, By Product Type

• High Mobility Vehicles
• Small Arms and Rifles
• Heavy Arms and Missiles
• Unmanned Vehicles
• Communication Systems
• Naval Fleet
• Aircraft and Aero Engines
• Submarines
• Training
• Simulation

Global Defence Equipment Market, By End-Usage

• Air force
• Navy
• Army
• Research and Development Initiative

Global Defence Equipment Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa