Land based Defense Equipment Manufacturing Market Forecast To Grow At A Higher Rate

The Business Research Company’s land based defense equipment manufacturing global market report, covers the year-on-year growth of the global land based defense equipment manufacturing market historic and forecast growth. It also includes chapters on the land based defense equipment manufacturing market trends, geographical analysis, and competitive landscape.

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The land based defense equipment manufacturing market size is expected to reach a higher value by 2022, growing at a steady CAGR during the forecast period.

Land based Defense Equipment Manufacturing Market Trends

The land based defense equipment manufacturing market consists of sales of land based defense equipment by entities (organizations, sole traders and partnerships) that produce land based defense equipment including support and auxiliary equipment for land based defense such as radar, satellites, sonars and other auxiliary equipment.

CornerShot rifles are increasingly being used in the defense industry. CornerShot weapons have steel hinge that allows the gun’s frame to bend around the corner to attack target without exposing themselves. These rifles help shooters to navigate around corners via a high-resolution camera and LCD monitor. The corner shot rifles are widely used inside armored vehicles and tanks, on a turret up top, which will allow for a full 360-degree field cover while the triggerman remained safely inside the vehicle. The weapon is accurate and effective to 100 to 200 meters depending on the type weapon. Corner Shot removes the need for this initial exposure.

The global land based defense equipment manufacturing market is primarily driven by rise in demand for war equipment from nations such as India and China.

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The global land based defense 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 land based defense equipment manufacturing market is expected to increase in potential and scope. TBRC’s report also covers the land based defense equipment manufacturing drivers and restraints in the market.

The global land based defense 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 land based defense equipment manufacturing market report are BAE Systems, Raytheon Co, Northrop Grumman Corp, General Dynamics Corp, and Lockheed Martin Corporation.

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