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Friday, March 24, 2017


Defense Industry Market Forecast

  • Major growth drivers for global defense and security market include increasing terrorism and hostile environment in various countries

Growing internal and external security concerns across the globe, combined with ambition of some countries to gain military prowess has led to the growth of defense and security market in recent times. Defense and security market constitutes both three divisions of defense forces (Land, sea and air-based forces) and homeland security. Weapons and ammunitions used by defense and homeland security include fighting vehicles, surveillance equipment, security infrastructure, missiles, navy vessels, military transport, logistics vehicles and among others. Role of defense and homeland security departments is to protect land and sea borders from hostile countries and terrorist outfits, critical infrastructure security, security of people and law enforcement.

Major growth drivers for global defense and security market include increasing terrorism and hostile environment in various countries, technological advancements and defense modernization drive from various countries, among others. United States of America has been a leading investor in defense and security market followed by Europe; however, recent economic downturn and austerity in these countries has led to decrease in their defense budgets. Asia Pacific and Middle East are emerging as a growing defense and security markets because of uptick in terrorism and hostile environment in these countries.

Related Research on ASDReports.com:
Defense Industry Business Confidence Report - H1 2016

ASDReport.com has an extensive repository of reports covering all segments of defense and homeland security market. These reports can address all your market research requirements pertaining to various technologies, weaponry, and sub-markets related to defense and security like military unmanned systems, military communication, military transport & logistics, infantry weapons, EOD / IEDS / mines, homeland security & public safety, navy, missiles / rockets, military ground vehicles, military simulation / training, cyber defense / it, military power & fuel, military sensors & ISR, undersea warfare, soldier modernization, military avionics, military MRO, military helicopters, military aircraft, radar / electronic warfare, and much more.

Visit ASDReports to see the collection of Defense & Security Market Research Reports

Source : ASDReports - Market Research

Published on ASDNews: Jul 1, 2016

 

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