Defense manufacturers are witnessing a changing environment due to defense spending cuts in developed economies and are therefore, focusing on venturing into previously unexplored markets. This requires a thorough understanding ....see more
The military actuators market is expected to grow from USD 1.1 billion in 2019 to USD 1.4 billion by 2024, at a CAGR of 5.79% during the forecast period. Increasing demand for electrical actuators from the aerospace & defense industry is a major factor driving the growth of the military actuators market. The use of these actuators reduces the energy consumption of flight control systems, resulting in their increased demand in the aviation sector. Electrical actuators are replacing hydraulic actuators due to their light weight, improved performance, enhanced security, and low maintenance cost.
The autonomous underwater vehicle market in North America is projected to reach USD 1.12 billion by 2030, from USD 0.75 billion in 2025, with a CAGR of 8.3%. Kongsberg (US), General Dynamics Mission Systems (US), Boeing, Northrop Grumman (US), and Anduril Industries (US) are the major players in the autonomous underwater vehicle market in North America.
The fire control system market is projected to grow from USD 5.9 billion in 2018 to USD 7.3 billion by 2023, at a CAGR of 4.37% from 2018 to 2023. Some of the factors that are expected to fuel the growth of the fire control system market include the increasing military expenditure by emerging economies to strengthen their respective armed forces. Various defense players, such as General Dynamics Corporation (US), Elbit Systems Ltd (Israel), Rheinmetall AG (Germany), Lockheed Martin (US), Leonardo (Italy) and BAE Systems (UK) are focusing on improving the accuracy of Fire Control Systems (FCS), and also on automating fire control systems in weapon systems. In contrast, various advanced economies have reduced their military budgets as a result of economic slowdown. Major players in the fire control system market include companies, such as Elbit Systems Ltd (Israel), General Dynamics Corporation (US), Rheinmetall AG (Germany), BAE Systems (UK), Lockheed Martin (US), Safran (France), Leonardo (Italy), Raytheon Company (US), SAAB (Sweden), Aselsan A.S. (Turkey), Northrop Grumman (US), and Israel Aerospace Industries (Israel), which have made significant contributions to the global fire control system market.
The fire control system market is projected to grow from USD 5.9 billion in 2018 to USD 7.3 billion by 2023, at a CAGR of 4.37% from 2018 to 2023. Some of the factors that are expected to fuel the growth of the fire control system market include the increasing military expenditure by emerging economies to strengthen their respective armed forces. Various defense players, such as General Dynamics Corporation (US), Elbit Systems Ltd (Israel), Rheinmetall AG (Germany), Lockheed Martin (US), Leonardo (Italy) and BAE Systems (UK) are focusing on improving the accuracy of Fire Control Systems (FCS), and also on automating fire control systems in weapon systems. In contrast, various advanced economies have reduced their military budgets as a result of economic slowdown. Major players in the fire control system market include companies, such as Elbit Systems Ltd (Israel), General Dynamics Corporation (US), Rheinmetall AG (Germany), BAE Systems (UK), Lockheed Martin (US), Safran (France), Leonardo (Italy), Raytheon Company (US), SAAB (Sweden), Aselsan A.S. (Turkey), Northrop Grumman (US), and Israel Aerospace Industries (Israel), which have made significant contributions to the global fire control system market.
The multi-function display (MFD) market is evolving rapidly as cockpit and mission systems become increasingly digital, networked, and data-driven. The global market size is estimated at USD 9.8 billion in 2024 and is projected to reach USD 14.7 billion by 2035, registering a CAGR of 3.9% over the forecast period. The major players in this market are Rockwell Collins, Elbit Systems, Honeywell Aerospace, Barco N.V., Garmin Ltd, Raymarine (FLIR), Samtel Group, Universal Avionics, and Esterline Technologies Corporation.
The shooting range market continues to expand as defence agencies recapitalise live-fire training infrastructure, law-enforcement academies standardise scenario-based marksmanship curricula, and commercial operators upgrade facilities to meet stricter environmental and noise standards. Using 2025 as base, the shooting range market is estimated at ~USD 1.58 billion and is projected to reach ~USD 3.21 billion by 2036, reflecting a ~6.7% CAGR (2025–2036). This report provides qualitative and quantitative information about the shooting ranges market. IT identifies the market application gaps, emerging technologies, the need for new product launches, and high potential geographic regions and countries.
The unmanned underwater vehicle (UUV) market in the Asia Pacific is projected to grow from USD 1.63 billion in 2025 to USD 2.48 billion by 2030 at a CAGR of 8.8% during the forecast period. COOEC (China), Mitsubishi Heavy Industries Ltd. (Japan), JOHNAN Corporation (Japan), CHASING Innovation (China), and Total Marine Technology (Australia) are the key players in the UUV market in the Asia Pacific. These companies have strong distribution networks across the region.
The global aviation cyber security market is projected to grow from USD 39.59 Billion in 2015 to USD 61.85 Billion by 2020, at a CAGR of 9.34% from 2015 to 2020. This growth is mainly attributed to the growing incidence of cybercrimes and cyber-attacks on the aerospace and defense sector. The report forecasts the aviation cyber security market over the next five years. It also identifies and analyzes market application gaps, evolving technologies, recent developments, and high potential geographic regions and countries. The aviation cyber security market has been analyzed on the basis of component (solution and service), deployment (on-cloud and on-premise), and region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report provides a competitive landscape for key players in the market, with an explicit focus on their product offerings, key financials, and growth strategies adopted by them to sustain their market position.
The automatic weapons market is projected to grow from USD 6.0 billion in 2018 to USD 8.7 billion by 2023, at a CAGR of 7.82% during the forecast period. Factors such as the rising demand for precision weapon systems in emerging countries, advancement in land warfare systems, continuous upgradation of existing combat platforms, and interconnected warfare are expected to drive the automatic weapons market during the forecast period. Companies such as General Dynamics Corporation (US), Northrop Grumman (US), Rheinmetall AG (Germany), ST Engineering (Singapore), KBP Instrument Design Bureau (Russia), Heckler & Koch AG (Germany), FN Herstal (Belgium), Colt’s Manufacturing Company LLC (US), Israel Weapon Industries (Israel), NORINCO (China), Denel Land Systems (South Africa), Kalashnikov Concern (Russia), BAE Systems (UK), Barrett Firearms Manufacturing (US), and Ukroboronprom (Ukraine) are some of the leading players have made significant contribution to the global automatic weapons market.
The light weapons market is experiencing steady expansion amid rising global defense expenditure, border-security modernization, and a surge in asymmetric and urban warfare. The market is estimated at USD 13.4 billion in 2024 and projected to reach approximately USD 19.7 billion by 2035, registering a CAGR of 3.7 % during the forecast period.
The military parachute market continues to demonstrate resilient growth, supported by modernization of airborne forces, rising defense budgets, and the operational need for precision airdrop systems. In 2025, the market is estimated at USD 1.2 billion and projected to reach approximately USD 2.4 billion by 2034, registering a compound annual growth rate (CAGR) of close to 7.0%. The market is segmented by application, by component, and by type. As compared to other mechanisms during small war contingency operations, airborne forces play a pivotal role by jumping in a battalion or brigade in a moment’s notice and being operation ready overnight. Other alternative units will require an airstrip, equipment loading capabilities, and helicopters in such situations, that may take a week or two.
The Remotely Operated Vehicle Market is projected to grow from USD 2.80 billion in 2025 to USD 4.08 billion by 2030 at a CAGR of 7.8%. The Key Players include Forum Energy Technologies, Inc., L3Harris Technologies, Inc., BAE Systems, Oceaneering International, Inc., and Saipem S.p.A.
The unmanned underwater vehicle (UUV) market in Europe is projected to grow from USD 2.04 billion in 2025 to USD 2.95 billion by 2030 at a CAGR of 7.6% during the forecast period. TechnipFMC (UK), BAE Systems (UK), Saipem S.p.A (Italy), DeepOcean (Norway), and Exail Technologies (France) are the key players in the UUV market in Europe. These companies have strong distribution networks across Europe.
The unmanned underwater vehicle (UUV) market in North America is projected to grow from USD 1.53 billion in 2025 to USD 2.26 billion by 2030 at a CAGR of 8.1% during the forecast period. L3Harris Technologies, Inc. (US), Teledyne SeaBotix (US), Oceaneering International, Inc. (US), Forum Energy Technologies (US), and VideoRay LLC (US) are key players in the UUV market in North America. These companies have strong distribution networks across North America.
The armored vehicles market is expected to grow from USD 51.6 billion in 2025 to USD 60.7 billion by 2030, at a compound annual growth rate (CAGR) of 3.3% during the forecast period. The Key Players Rheinmetall AG (Germany), General Dynamics Corporation (US), Oshkosh Corporation (US), BAE Systems (UK), and Hanwha Defense (South Korea).
The precision-guided munitions market is expected to grow from USD 37.24 billion in 2025 to USD 49.71 billion by 2030, at a compound annual growth rate (CAGR) of 5.9% during the forecast period. The Key Players Northrop Grumman (US), RTX (US), General Dynamics Corporation (US), BAE Systems (UK), Lockheed Martin Corporation (US), MBDA (France), Israel Aerospace Industries (Israel), QinetiQ (UK), Boeing (US), and Aselsan AS (Turkey).
The Military Vehicle Electrification Market is expected to grow from USD 3.47 billion in 2025 to USD 6.82 billion by 2030, at a compound annual growth rate (CAGR) of 14.5% during the forecast period. The Key Players Oshkosh Corporation (US), GM Defense LLC (US), General Dynamics Corporation (US), BAE Systems (UK), Leonardo S.p.A. (Italy), Textron Inc. (US), ST Engineering (Singapore), Qinetiq (UK), Polaris Inc. (US), ASELSAN AS (Turkey), Otokar (Turkey), and Krauss-Maffei Wegmann (Germany).
The military antenna market is expected to grow from USD 4.5 billion in 2024 to USD 5.6 billion by 2029, at a compound annual growth rate (CAGR) of 4.6% during the forecast period.The key players L3Harris Technologies, Inc. (US), RTX (US), BAE Systems (UK), Thales (France), Honeywell International Inc. (US), General Dynamics Corporation (US), Rohde & Schwarz (Germany), and Saab AB (Sweden), Viasat, Inc. (US), and ASELSAN A.S. (Turkey).
The global ammunition market size is expected to grow from USD 28.0 Billion in 2023 to USD 33.1 Billion in 2028, at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period. The key players are Northrop Grumman Corporation (US), CBC Global Ammunition (Brazil), BAE Systems (UK), Thales Group (France), and General Dynamics Corporation (US), Nammo AS (Norway).
The Electronic Warfare Market is expected to grow from USD 10.8 billion in 2023 to USD 19.4 billion by 2028, at a compound annual growth rate (CAGR) of 12.5% during the forecast period.The key players BAE Systems (UK), Raytheon Technologies Corporation (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), Lockheed Martin Corporation (US), Israel Aerospace Industries (Israel), Elbit Systems (UK).
The Underwater Warfare Market Size is expected to grow from USD 3.7 Billion in 2023 to USD 5.7 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 9.0% during the forecast period. The key players are Raytheon Technologies (US), L3Harris Technologies, Inc. (US), Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (US), and Thyssenkrupp AG (Germany).
The CBRN Defense market is expected to grow from USD 16.1 billion in 2023 to USD 21.4 billion by 2028, at a compound annual growth rate (CAGR) of 5.8 % during the forecast period. The key players Rheinmetall Defence (Germany), Thales Group (France), Smiths Group PLC (UK), Teledyne FLIR LLC (US), Bruker Corporation (US).
The Anti-aircraft warfare market is expected to grow from USD 20.9 billion in 2023 to USD 28.6 billion by 2028, at a compound annual growth rate (CAGR) of 6.5% during the forecast period.The key players Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Thales Group (France), BAE Systems (UK), and General Dynamics Corporation (US).
The Airborne Radars Market is expected to grow from USD 15.8 Billion in 2023 to USD 23.6 Billion by 2028, at a compound annual growth rate (CAGR) of 8.3% during the forecast period. The key players Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Thales Group (France), Northrop Grumman Corporation (US), Saab Group (Sweden), Leonardo S.p.A. (Italy), and Israel Aerospace Industries (Israel).
The 5G in Defense market is expected to grow from USD 0.9 Billion in 2023 to USD 2.3 billion by 2028, at a compound annual growth rate (CAGR) of 19.9% during the forecast period.The key Players Ericsson (Sweden), Nokia Networks (Finland), Huawei (China), Samsung Electronics Co.Ltd.(South Korea), NEC (Japan), Thales Group (France), L3Harris Technologies, Inc. (US), Raytheon Technologies (US), Ligado Networks (US), and Wind River Systems, Inc. (US).
The Artillery Systems Market is expected to grow from USD 11.8 Billion in 2022 to USD 16.0 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 6.2 % during the forecast period. The key players are Lockheed Martin Corporation (US), Bae Systems (UK), Hanwha Group (South Korea), Rheinmetall AG ( Germany), Nexter Group (France), Norinco Internation Cooperation Ltd. (China), Rostec (Russia).
The Artificial Intelligence (AI) in Military market is expected to grow from US$ 9.2 Billion in 2023 to US$ 38.8 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 33.3% during the forecast period. The Major players are Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), BAE Systems PLC (UK), and Thales Group (France).
The Military Laser Systems Market is expected to grow from USD 5.0 Billion in 2023 to USD 7.5 Billion by 2028, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. The Major players are Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (France), and BAE System plc (UK).
The Military Electro-Optics/Infrared (EO/IR) Systems Market is expected to grow from USD 7.8 billion in 2023 to USD 9.5 billion by 2028, at a compound annual growth rate (CAGR) of 4.0 during the forecast period.The Major players operating in the Military electro-optics & infrared (EO/IR) market include Northrop Grumman(US), Raytheon Technologies Corporation(US), L3Harris Technologies Inc. (US), Lockheed Martin Corporation (US) and Thales Group(France) among others.
The directed energy weapon market is expected to grow from USD 5.3 Billion in 2022 to USD 12.9 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period. The major players Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), Thales Group (France), and BAE Systems plc (UK).
The soldier system market is expected to grow from USD 10.4 Billion in 2022 to USD 12.8 Billion by 2027, at a compound annual growth rate (CAGR) of 4.4% during the forecast period.The Major players BAE Systems plc (UK), Elbit Systems (Israel), Aselsan A.S. (Turkey), Saab AB (Sweden), Rheinmetall AG (Germany), General Dynamics (US), and Thales Group (France).
The remote weapon station market is expected to grow from USD 6.6 billion in 2022 to USD 7.5 billion by 2027, at a compound annual growth rate (CAGR) of 2.8% during the forecast period.The Key players Kongsberg (Norway), Elbit Systems (Israel), Rafael Advanced Defense Systems (Israel), Raytheon Technologies Corporation (US), Saab AB (Sweden), Leonardo S.p.A. (Italy), Electro Optic Systems (Australia), ASELSAN A.S. (Turkey), Thales Group (France) Rheinmetall AG (Germany).
The Gunshot Detection Systems market is expected to grow from USD 824 million in 2022 to USD 1,443 million by 2027, at a compound annual growth rate (CAGR) of 11.8% during the forecast period.The Key Players Shot spotter, Inc., (US) and Shooter Detection Systems LLC (US). Key players offering gunshot detection systems for the defence sector are Raytheon Technologies Corporation (US), QinetiQ Group (US), ACOEM Group (France), THALES (France), and Elta Systems Ltd. (Israel).
The small arms market is expected to grow from USD 8.9 billion in 2022 to USD 11.1 billion by 2027, at a compound annual growth rate (CAGR) of 4.5% during the forecast period.The Key Players Colts Manufacturing LLC (US), GLOCK Ges.m.b.H. (Austria), Smith & Wesson (US), Sturm, Ruger & Co., Inc. (US), Israel Weapons Industry (IWI) (US), Kalashnikov Group (Russia), and eská Zbrojovka a.s. (Czech Republic), Heckler & Koch Gmbh (Germany).
The turret system market is expected to grow from USD 19.7 billion in 2022 to USD 22.6 billion by 2027, at a compound annual growth rate (CAGR) of 2.8% during the forecast period. The Key players Rheinmetall AG (Germany), Moog Inc. (US), Northrop Grumman Corporation (US), BAE Systems (UK), and Lockheed Martin Corporation (US).
The Military Embedded Systems Market size is expected to grow from USD 1.6 billion in 2022 to USD 2.5 billion by 2027, at a compound annual growth rate (CAGR) of 9.6% during the forecast period. The Major players are Curtiss-Wright Corp. (US), Mercury Systems (US), Kontron (S&T AG) (Austria), AMETEK (US), and General Dynamics Corp. (US).
The global digital battlefield market is expected to grow from USD 43.2 billion in 2022 to USD 154.1 billion by 2030, at a compound annual growth rate (CAGR) of 17.2% during the forecast period.The Key Players BAE Systems (UK), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), and Thales Group (US).
The Tactical Communication Market Size is expected to grow from USD 12.5 billion in 2022 to USD 16.0 billion by 2027, at a compound annual growth rate (CAGR) of 4.95% during the forecast period.The leading Players L3harris Technologies (US), Honeywell International Inc (US), General Dynamics Corporation (US), Lockheed Martin (US), ViaSat (US).
The ballistic protection market is expected to grow from USD 13.4 billion in 2022 to USD 16.9 billion by 2027, at a compound annual growth rate (CAGR) of 4.7% during the forecast period.The Key Players BAE Systems (UK), Avon Protection (US), Rheinmetall AG (US), Tencate Advanced Armor (Netherlands), Point Blank Enterprises (US) and SAAB AB (Sweden).
The active protection system market is expected to grow from USD 3.9 billion in 2022 to USD 5.2 billion by 2027, at a compound annual growth rate (CAGR) of 5.5% during the forecast period.The Key Players Rheinmetall AG (Germany), Saab AB (Sweden), Raytheon Company (US), Airbus (Netherlands), and Aselsan AS (Turkey).
The military lighting market is expected to grow from USD 559 million in 2022 to USD 807 million by 2027, at a compound annual growth rate (CAGR) of 7.6% during the forecast period.The Key Players Astronics Corp. (US), Honeywell International (US), Raytheon Technologies (US), Glamox (Norway), and Orion Energy Systems (US).
The military wearables market is expected to grow from USD 3.1 Billion in 2022 to USD 3.4 Billion by 2027, at a compound annual growth rate (CAGR) of 1.8% during the forecast period.The Major players BAE Systems PLC (UK), Elbit Systems Ltd. (Israel), Rheinmetall AG (Germany), Thales Group (France), Saab AB (Sweden), Aselsan A.S (Turkey), General Dynamic Corporation (US).
The military battery market is projected to reach USD 1.6 billion by 2027, at a CAGR of 4.1% during the forecast period. Some of the key players profiled in the military battery market report include EnerSys (US), GS Yuasa International Ltd (Japan), Saft (France), Exide Industries (India), and EaglePicher Technologies (US). The players are mostly engaged in new product launches & developments and having a strong global presence will enhance their position in the military battery market. These players are primarily focusing on entering new markets by launching technologically advanced and cost-effective platforms and infrastructure. Apart from new product launches & developments, these players also adopted the partnerships contracts, & agreements strategy.
The waveguide components and assemblies market size is expected to grow from USD 1.3 billion in 2022 to USD 1.6 billion by 2027, at a CAGR of 4.8% during the forecast period. Major players operating in the waveguide components and assemblies market include Quantic Electronics (US), Millimeter Wave Products Inc. (US), Cobham Limited (UK), Ducommun Incorporated (US), and ETL Systems (UK), among others. These companies have advance technologies and strong distribution networks across North America, Europe, and other regions.
The Military Simulation and Training market size is projected to reach USD 12.2 billion by 2027, at a CAGR of 5.6% during the forecast period. This region is expected to lead the market from 2021 to 2026, owing to increased investments and the adoption of advanced military simulators for all the platforms by countries in this region. The presence of prominent manufacturers and integrators of these Military Simulation and Training, including Lockheed Martin (US), Northrop Grumman (US), L3Harris Technologies, Inc. (US), and Raytheon Technologies (US), is also expected drive the market in the region over the forecast period.
The market for military cables is projected to reach USD 26.2 billion by 2026, at a CAGR of 3.4% during the forecast period. The military cables market is dominated by a few globally established players such as Prysmian Group (Italy), Nexans S.A. (France), Sumitomo Electric Industries Ltd (Japan), Collins Aerospace (US), and Carlisle Interconnect Technologies (US).
The global missile defense system market size is projected to reach USD 29.7 billion by 2026, at a CAGR of 4.4% during the forecast period. The Missile defense system market is dominated by a few globally established players such as Northrop Grumman Corporation (US), Lockheed Martin (US), Boeing (US), Raytheon Technologies (US), and General Dynamics Corporation (US).
The global missile seekers market size is projected to reach USD 6.8 billion by 2026, at a CAGR of 5.2% during the forecast period. The missile seekers market is largely fragmented. Established players in the market include BAE Systems (UK), Boeing (US), Leonardo S.p.A. (Italy), Safran Group (France), Raytheon Technologies (US), Thales (France), Northrop Grumman Corporation (US).
According to MarketsandMarkets Mine detection Systems market is projected to reach USD 6.9 billion by 2026, at a CAGR of 6.2% in terms of value during the forecasted period. This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Israel Aerospace Industries Ltd. (Israel), Raytheon Technologies Corporation (US), Thales Group (France), L3Harris Technologies, Inc. (US), BAE Systems (UK), and Elbit System (Israel).
The Military displays market size is projected to reach USD 1.4 billion by 2026, at a CAGR of 4.9% during the forecasting period. Major players operating in the Military Displays Market include Raytheon Technologies (US), Lockheed Martin Corporation (US), Elbit Systems (Israel), Bae Systems (US). These key players offers Military Display products and strong distribution networks across North America, Europe, Asia Pacific, Middle East and Latin America