Ground Defense System Global Market Report 2024

The ground defense system market size has grown strongly in recent years. It will grow from $53.41 billion in 2023 to $57.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed in the historical period can be attributed to factors such as military modernization programs, the evolution of threats, geopolitical tensions, a heightened focus on urban warfare capabilities, and the allocation of budgets toward defense initiatives.

The ground defense system market size is expected to see strong growth in the next few years. It will grow to $76 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be attributed to the adoption of directed energy weapons, an increase in unconventional threats, the development of modular and scalable systems, the integration of cybersecurity measures, and the implementation of integrated command and control systems. Major trends expected in the forecast period include a shift towards network-centric warfare, a focus on mobility and maneuverability, the integration of artificial intelligence, the pursuit of electromagnetic spectrum dominance, and the emphasis on multi-domain operations.

The anticipated surge in the demand for cybersecurity is set to drive the growth of the ground defense system market in the future. Cybersecurity, which involves safeguarding electronic systems, computers, servers, mobile devices, networks, and data from malicious attacks, is crucial for supporting ground defense systems during battle and protecting their networks from adversaries during peacetime. Seeking Alpha reports that cybersecurity spending is expected to surpass $188 billion in 2023, highlighting the significant financial commitment to this aspect. Additionally, Cybercrime Ventures projects a 15% yearly increase in the cost of cybercrime, reaching an annual total of $10.5 trillion USD by 2025, with an estimated 3.5 million unfilled cybersecurity jobs globally in 2023. Consequently, the escalating demand for cybersecurity is a driving force behind the growth of the ground defense system market.

The projected increase in defense spending is poised to fuel the expansion of the ground defense system market. Defense spending, involving the allocation of financial resources by a state for the maintenance and enhancement of armed forces and defense capabilities, is instrumental in supporting ground defense systems. These funds contribute to equipping military forces with necessary weapons, equipment, and personnel. According to the Stockholm International Peace Research Institute, global military expenditure reached a record high of $2,240 billion in 2022, reflecting a 3.7% increase in real terms. Europe experienced a 13% rise in military expenditure during the same period, with a notable 8.8% increase in U.S. military spending. The surge in defense spending is a key driver behind the growth of the ground defense system market.

Technological advancement is a prominent trend gaining traction in the ground defense system market. Leading companies in this market are actively engaged in developing new technologies to enhance their capabilities. For instance, Thales, a France-based provider of smart technologies, introduced XTRAIM in December 2021, featuring a day/night de-camouflage capability. The reflex red-dot sight with thermal imaging technology offers reliable target de-camouflage during both day and night operations, providing a strategic advantage in various combat scenarios.

Major companies in the ground defense system market are strategically investing in the development of advanced solutions, such as the Ground-Based Midcourse Defense (GMD) Weapon System program, to maintain a competitive edge. These strategic investments involve agreements between governments or military organizations and contractors for the design, development, testing, and deployment of ground-based defense systems. Northrop Grumman, a U.S.-based aerospace and defense technology company, secured a $3.3 billion contract in August 2022 from the U.S. Missile Defense Agency to develop the Ground-Based Midcourse Defense (GMD) Weapon System. The GMD Weapon System integrates combat plans using sensor data and includes the GMD communication network and fire-control system for threat assessment and engagement planning.

In May 2023, Israel Aerospace Industries (IAI) acquired Intracom Defense (IDE), a Greece-based technology defense company, to strengthen its product portfolio and expand its activities in Greece and across NATO nations. IDE focuses on designing, developing, and manufacturing various defense systems, including ground-based air defense systems. This acquisition positions IAI for enhanced business capabilities in Greece and Europe.

Major companies operating in the ground defense system market report are BAE Systems PLC, Lockhead Martin Corporation, Northrop Grumman Corporation, Thales Group, Israel Aerospace Industries Ltd., Kongsberg Gruppen, MBDA Missile Systems Inc., Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corporation, Rheinmetall AG, Boeing Company, Elbit Systems Ltd., Leonardo S.p.A., General Dynamics Corporation, CNH Industrial N.V., Curtiss-Wright Corporation, Mercury Systems, Kontron AG, AMETEK Inc., Saab AB, AIRBUS, Aselsan A.Ş., Smiths Group PLC, Teledyne FLIR LLC, Bruker Corporation, Chemring Group plc, ST Engineering Ltd., FNSS Defense Systems Inc., NORINCO Group, Rostec State Corporation.

North America was the largest region in the ground defense system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the ground defense system market report during the forecast period. The regions covered in the ground defense system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ground defense system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main components of a ground defense system comprise products and services. In this context, a product refers to anything sold to fulfill a customer's needs or wants. The technologies involved include artificial intelligence, 3D printing, the internet of things, wearable devices, and others that support both manned and unmanned operations. These technologies find applications in logistics and transportation, surveillance and reconnaissance, cybersecurity, explosive ordinance disposal (EOD), intelligence and data warfare, combat simulation, training, health monitoring, and various other defense-related functions. End-users of these technologies include defense intelligence, military, law enforcement, and other entities involved in national security.

The ground defense system market research report is one of a series of new reports that provides ground defense system market statistics, including ground defense system industry global market size, regional shares, competitors with ground defense system market share, detailed ground defense system market segments, market trends and opportunities and any further data you may need to thrive in the ground defense system industry. This ground defense system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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