Lucintel’s latest market report analyzed that military provides attractive opportunities in the air force, army, and navy applications. The military market is expected to reach $8.8 billion by 2028 with a CAGR of 4.7%. In this market, manned and unmanned vehicle is the largest segment by product type, whereas army is largest by application.
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Based on product type, the military market is segmented into communication systems, weapons and ammunition, manned and unmanned aerial vehicles, manned and unmanned vehicles. The manned and unmanned vehicles segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to due to as these are faster, safer, and are equipped with high-tech propulsion systems, modern sensors, and payloads.
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The Military Market is marked by the presence of several big and small players. Some of the prominent players offering military include General Dynamics, BAE Systems, Northrop Grumman, CACI International, Collins Aerospace, Boeing, Textron Inc., Navistar Defense, and Raytheon.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Contact Information:
Roy Almaguer Lucintel Dallas, Texas, USA Email: [email protected] Tel. 972.636.5056
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