Defense Support And Auxiliary Equipment Manufacturing Market Forecast To Grow At A Higher Rate
Posted: Feb 09, 2019
The Business Research Company’s defense support and auxiliary equipment manufacturing global market report, covers the year-on-year growth of the global defense support and auxiliary equipment manufacturing market historic and forecast growth. It also includes chapters on the defense support and auxiliary equipment manufacturing market trends, geographical analysis, and competitive landscape.
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The defense support and auxiliary equipment manufacturing market size is expected to reach a higher value by 2022, growing at a steady CAGR during the forecast period.
Defense Support And Auxiliary Equipment Manufacturing Market Trends
The defense support and auxiliary equipment manufacturing market consists of sales of support and auxiliary equipment for defense by entities (organizations, sole traders and partnerships) that manufacture support and auxiliary equipment for defense including equipment such as radar, satellites, sonars and other equipment.
Use of passive radars are gaining traction in the market due to its advantages across wide range of defense and civil applications and cost effectiveness. Passive radars use the existing electromagnetic signals from the atmosphere to support imaging and tracking capabilities, whereas the regular/active radar sends out electromagnetic signals to the target and receives reflected signals from the target. Passive radars use ambient radio signals for tracking and surveillance and are less expensive to operate. Some of the examples of passive radar systems are silent sentry by Lockheed Martin, Celldar by Roke Manor Research Limited, and Homeland Alerter 100 by Thales Group.
The global defense support and auxiliary equipment manufacturing market is primarily driven by rise in demand for war arms by nations such as India and China.
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The global defense support and auxiliary equipment manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in demand for defence equipment from developing nations and increasing government investments in military and defence industry, the global defense support and auxiliary equipment manufacturing market is expected to increase in potential and scope. TBRC’s report also covers the defense support and auxiliary equipment manufacturing drivers and restraints in the market.
The global defense support and auxiliary equipment manufacturing market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global defense support and auxiliary equipment manufacturing market report are The Boeing Company, United Technologies Corporation, General Dynamics Corp, GE Aviation, and Northrop Grumman Corp.
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