Increased Use of Defense Technology for Civilian Applications to Propel the Global Defense Market Through 2020, According to Technavio

LONDON

Technavio research analysts are forecasting positive growth for many segments of the global defense market over the next four years as several markets including directed energy weapons (DEW), vertical take-off and landing (VTOL) unmanned aerial vehicle (UAV), and military robots, will witness an increase in revenues.

Technavio’s market research analysts predict that the global DEW market will grow at a profound CAGR of over 29% during the forecast period. A key driver propelling growth of the global DEW market is the defense from chemical, biological, radiological, and nuclear materials so that civilian lives and national security of a country can be preserved. DEW equipment like lasers, radiation detectors, and biosensors are being used to defend against chemical, biological, radiological and nuclear (CBRN) emergencies. Training fire department personnel, police and paramilitary forces to use these weapons will help them be more effective in performing their roles. These factors will lead to the purchase of different types of DEW and result in the growth of the global DEW market during the forecast period.

A key trend impacting market growth is the development of non-lethal laser weapons. Weapons like the PHASR (personnel handling and stimulation response) emit infrared rays, which temporarily blind enemies and also disable electronic sensors. Weapons that offer accuracy and cause only temporary harm are in demand around the world. Thus, it can be estimated that the rising need for advanced weapons will have a positive impact on demand and will propel market growth by the end of the forecast period.

Apart from the global DEW market, the second most sought after market in defense is the global VTOL UAVs market which will grow at a steady CAGR of 11% by 2020. The high suitability of VTOL UAVs for urban applications is one of the key drivers for this market. Since VTOL UAVs can take-off and land without a runway, they are highly suitable for operations in urban areas. The VTOL UAV’s ease of operation in urban environments, will lead to its adoption during the forecast period.

According to Abhay Singh, a lead research analyst at Technavio for defense research, “There is a growing demand for VTOL UAVs for civil and commercial applications. The ability of these UAVs to aid in surveying, scanning, aerial photography, 3D mapping, oil and gas pipeline monitoring, wind turbine blade inspection, and real estate survey will result in market growth during the predicted period.” Moreover, as VTOL UAVs have the ability to carry out various intelligence, surveillance, and reconnaissance (ISR) and spy missions, they are increasingly being adopted by defense forces to assist the military in search and rescue operations.

View Technavio’s entiredefense report library

In recent times, Technavio’s market research analysts have identified a steady growth of over 9% in the global military robots market. Many countries are spending a part of their aerospace and defense budgets to develop and deploy military robots to perform hazardous tasks. Of the several types of military robots in use, the demand for drones has grown exponentially. Equipped with navigation systems, sensors, and GPS, these drones are used to disarm bombs, provide situation reports to troops, aid in combat, and help in search and rescue operations. This growing demand for drones by the armed forces for use in naval and land-based applications will result in the growth of the military robots market over the forecast period.

Some of the key vendors for the defense market include BAE, Boeing, and Lockheed Martin, for the global DEW market; AeroVironment, Israel Aerospace, and Northrop Grumman for the global VTOL UAVs market; Boston Dynamics, General Dynamics, and Thales Group for the global military robots market.

Browse Related Reports:

• Global Military Airborne Collision Avoidance System Market 2016-2020
• Global Commercial Marine Electric Vehicles Market 2016-2020
• Global Electronic Warfare Market 2016-2020

Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact enquiry@technavio.com with your requirements and a link to our subscription platform.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160526005448/en/

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com