Defense

Defense

  • The worldwide defence market was worth $452.69 billion in 2021 and is predicted to be worth $604.82 billion by 2026, growing at a 5.8 percent CAGR.
  • One of the significant developments in this industry is the use of unmanned combat vehicles.
  • Air-based military equipment manufacturers are progressively investing in the development of self-driving fighter planes.
  • In 2021, Asia Pacific was the biggest region in the military market. In the future years, Western Europe is predicted to be the fastest-growing area.