Sep 10, 2021 SOURCE: BusinessWire

Air Based Defense Equipment Global Markets Report 2021-2030: Fighter Aircrafts; Military Helicopters; Military Gliders and Drones; Autonomous Air based Defense Equipment; Manual - ResearchAndMarkets.com

The "Air Based Defense Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

Major companies in the air based defense equipment market include The Boeing Company; Lockheed Martin; General Dynamics Corporation; Northrop Grumman and Safran Group.

The global air based defense equipment market is expected to grow from $174.85 billion in 2020 to $178.34 billion in 2021 at a compound annual growth rate (CAGR) of 2%. The market is expected to reach $223.33 billion in 2025 at a CAGR of 6%.

The air based defense equipment market consists of sales of air based defense equipment by entities (organizations, sole traders and partnerships) that produce air based defense equipment including support and auxiliary equipment for air based defense such as radar, satellites, sonars and other auxiliary equipment. The air based defense equipment market is segmented into fighter aircrafts; military helicopters and military gliders and drones.

Asia Pacific was the largest region in the global air based defense equipment market, accounting for 37% of the market in 2020. North America was the second largest region accounting for 20% of the global air based defense equipment market. South America was the smallest region in the global air based defense equipment market.

Companies in the air-based defense equipment manufacturing market are using 3D printing technology to develop light weight structural as well as nonstructural military aircraft parts. 3D printing technology can be used to build three dimensional objects using digital models by laying successive layers of material. 3D printing is used in the air-based equipment manufacturing to create military aircraft parts with complex geometries quickly at low cost. The technology creates three-dimensional models of aircraft parts using metals, plastics, polymers, ceramics and other derivatives.

Uncertainty about government stabilities and policies affects the import of raw materials required for manufacturing aircraft parts, creating a negative impact on the air based defense equipment market. Uncertainties about government policies brought about by cancellation of trade agreements cause companies to decrease their import volumes to keep expenditures at the levels of previous years or to increase prices of finished products due to increased costs.

For instance, the withdrawal of the USA from the Trans-Pacific Partnership (TPP) trade deal and the $250 billion tariffs on imported products from China by the US government to protect the US steel industry, has pushed up the costs for all defense as well as for commercial aircraft parts. Therefore, hindering the growth of the air based defense equipment market.

Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in air based defense market, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs and higher margins.

Lower operating costs lead to higher margins, this allows companies to expand production and increase product portfolio, thus driving the growth of air based defense equipment market in historic period.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Air based Defense Equipment Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Air based Defense Equipment Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Air based Defense Equipment Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Air based Defense Equipment Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Air based Defense Equipment Market Trends and Strategies

8. Impact of COVID-19 on Air based Defense Equipment

9. Air based Defense Equipment Market Size and Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.2.1. Drivers of the Market

9.2.2. Restraints on the Market

9.3. Forecast Market Growth, Value ($ Billion)

9.3.1. Drivers of the Market

9.3.2. Restraints on the Market

10. Air based Defense Equipment Market Regional Analysis

10.1. Global Air based Defense Equipment Market, 2020, by Region, Value ($ Billion)

10.2. Global Air based Defense Equipment Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region

10.3. Global Air based Defense Equipment Market, Growth and Market Share Comparison, by Region

11. Air based Defense Equipment Market Segmentation

11.1. Global Air based Defense Equipment Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

Fighter Aircrafts
Military Helicopters
Military Gliders and Drones

11.2. Global Air based Defense Equipment Market, Segmentation by Operation, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

Autonomous Air based Defense Equipment
Manual

12. Air based Defense Equipment Market Segments

12.1. Global Fighter Aircrafts Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Conventional Take-off and Landing Aircraft; Short Take-off and Landing Aircraft; Vertical Take-off and Landing Aircraft

12.2. Global Military Helicopters Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Light Helicopters; Medium Helicopters; Heavy Helicopters

12.3. Global Military Gliders and Drones Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Visual Line of Sight (VLOS); Extended Visual Line of Sight (EVLOS); Beyond Visual Line of Sight (BVLOS)

13. Air based Defense Equipment Market Metrics

13.1. Air based Defense Equipment Market Size, Percentage of GDP, 2015-2025, Global

13.2. Per Capita Average Air based Defense Equipment Market Expenditure, 2015-2025, Global

Companies Mentioned