Defense Support and Auxiliary Equipment: A Leading Driver Behind Rising Defense Spending Fuels Growth Of Defense Support And Auxiliary Equipment Market Market Expansion in 2025

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What Will the Defense Support and Auxiliary Equipment Industry Market Size Be by 2025?
In the past few years, the market size for defense support and auxiliary equipment has seen robust growth. It is projected to expand from a worth of $149.58 billion in 2024 to $158.91 billion in 2025, evidencing a compound annual growth rate (CAGR) of 6.2%. The growth during the historic period can be linked to factors such as defense budgets, geopolitical tensions, upkeep and upgrades, global terrorism, and peacekeeping missions.

What's the Long-Term Growth Forecast for the Defense Support and Auxiliary Equipment Market Size Through 2029?
In the coming years, the market for defense support and auxiliary equipment is predicted to experience significant expansion. The market is forecasted to reach a value of $200.79 billion in 2029, with a compound annual growth rate (CAGR) of 6.0%. The growth seen during the forecast period can be associated with factors such as the rise of new technologies, modernization programs, the issue of climate change and disaster responses, global security obstacles, and international collaborations. Key trends projected during this period include the shift toward electrification and lightweighting, the application of advanced materials, the rise of additive manufacturing, the advent of digitalization and increased connectivity, along with an emphasis on collaboration and partnerships.

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What Are the Key Growth Drivers Fueling the Defense Support and Auxiliary Equipment Market Expansion?
The escalation in funds allocated for defense is anticipated to spur the expansion of the market for defense support and auxiliary equipment. Such defense expenditures refer to the financial provision made by governments to boost their military forces and defense activities. This provides essential capital for state investment in research and development endeavors concerning defense support and auxiliary equipment. It also accommodates the expenditure involved in the upkeep, repair, and enhancement of existing defense support and auxiliary apparatus. For illustrative purposes, as stated by the House of Commons Library of the UK Parliament, a governmental administration in the UK, defense funding in the UK is expected to hit £56.9 billion (roughly $70.5 billion) in the fiscal year 2024/25, climbing to £59.8 billion (approximately $73.9 billion) in 2025/26. Ergo, the escalation in defense expenditure is fueling the growth of the market for defense support and auxiliary equipment.

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What Are the Key Trends Driving Defense Support and Auxiliary Equipment Market Growth?
Leading firms in the defense support and auxiliary equipment sector are aiming to gain a competitive advantage by creating domestically manufactured submarines. These submarines are wholly designed, developed, and produced within the nation, independent of foreign technologies or skills. Submarines make up a crucial part of auxiliary defense equipment and are utilized to safeguard naval vessels and other resources from potential maritime threats. In East Asia, Taiwan made a significant step in modernizing their outdated naval capability by launching its inaugural domestically built submarine in September 2023. The diesel-electric attack submarine, christened Hai Kun after a famous fish in Chinese mythology, was inaugurated in Kaohsiung's CSBC (China Shipbuilding Corporation) Shipyard. The submarine comes fitted with digital sonar systems, integrated combat systems, and additional equipment systems, inclusive of periscopes.

How Is the Defense Support and Auxiliary Equipment Market Segmented?
The defense support and auxiliary equipment market covered in this report is segmented -

1) By Type: Military Radars, Military Satellites, Other Defense Support And Auxiliary Equipment
2) By Payload Type: Communication Payload, Navigation Payload, Imaging Payload, Others
3) By Application: Intelligence, Surveillance, And Reconnaissance (Isr), Communication, Navigation

Subsegments:
1) By Military Radars: Airborne Radars, Ground-Based Radars, Naval Radars, Space-Based Radars, Other Military Radars
2) By Military Satellites: Communication Satellites, Reconnaissance Satellites, Navigation Satellites, Earth Observation Satellites, Other Military Satellites
3) By Other Defense Support And Auxiliary Equipment: Military Communication Equipment, Military Sensors And Detectors, Defense Logistics Equipment, Military Transport Vehicles, Other Defense Support Equipment

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Which Companies Are Leading the Charge in Defense Support and Auxiliary Equipment Market Innovation?
Major companies operating in the defense support and auxiliary equipment market include Raytheon Technologies Corporation, Thales Group, The Boeing Company, Leidos, Leonardo SpA, ManTech International Corp., L3 Technologies Inc., Rostec State Corporation, Bae Systems plc, RTX Corp, Lockheed Martin Corporation, General Dynamics Corporation, British Aerospace Engines Systems Plc, Northrop Grumman Corporation, Safran S.A, Honeywell International Inc., United Technologies Corporation, Elbit Systems Ltd., Rheinmetall AG, Harris Corporation, Cobham Ltd., Moog Inc., Meggitt Plc, Curtiss-Wright Corporation., Teledyne FLIR LLC, Ultra Electronics Holdings Plc, Esterline Technologies Corporation, Kongsberg Gruppen ASA, British Foreign & Colonial Automatic Light Controlling Company Ltd., QinetiQ Group Plc, Kratos Defense & Security Solutions Inc., AVAV - AeroVironment Inc., Textron Inc., Cubic Corp, Science Applications International Corporation.

Which Regions Are Leading the Global Defense Support and Auxiliary Equipment Market in Revenue?
North America was the largest region in defense support and auxiliary equipment market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the defense support and auxiliary equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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